Common use of No Mitigation or Offset Clause in Contracts

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section 7 hereof, and, except as provided in Section 7(a)(iv) hereof, no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company's obligation to pay severance benefits under this Agreement shall not be reduced by any amount owed by the Executive to the Company.

Appears in 6 contracts

Samples: Employment Agreement (Carribean Communications Co LTD), Employment Agreement (Cumulus Media Inc), Employment Agreement (Cumulus Media Inc)

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No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section Sections 7 or 8 hereof, and, except as provided in Section 7(a)(iv) hereof, and no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company's obligation to pay severance benefits under this Agreement shall not be reduced by any amount owed by the Executive to the Company.

Appears in 6 contracts

Samples: Employment Agreement (Healthsouth Corp), Employment Agreement (Healthsouth Corp), Employment Agreement (Healthsouth Corp)

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section 7 Article 6 hereof, and, except as provided in Section 7(a)(iv) hereof, and no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company's obligation to pay severance benefits under this Agreement shall not be reduced by any amount owed by the Executive to the Company.

Appears in 5 contracts

Samples: Employment Agreement (Autobytel Com Inc), Employment Agreement (Autobytel Com Inc), Employment Agreement (Autobytel Com Inc)

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit Severance Benefit payable to him under Section 7 hereofhereunder, and, except as provided in subject to Section 7(a)(iv) 9 hereof, no such severance benefit Severance Benefit shall be reduced on account of by any compensation received by the Executive from other employment. The Company's ’s obligation to pay severance benefits provide any payment or benefit to the Executive under this Agreement shall not be reduced reduced, or otherwise offset, by any amount owed by the Executive to the Company.

Appears in 3 contracts

Samples: Employment Agreement (Sovereign Bancorp Inc), Employment Agreement (Sovereign Bancorp Inc), Employment Agreement (Sovereign Bancorp Inc)

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section 7 hereof, and, except as provided in Section 7(a)(iv7(a)(iii) hereof, no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company's ’s obligation to pay severance benefits under this Agreement shall not be reduced by any amount owed by the Executive to the Company.

Appears in 2 contracts

Samples: Employment Agreement (First Albany Companies Inc), Employment Agreement (First Albany Companies Inc)

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section 7 hereofthis Agreement, and, except as provided in for Section 7(a)(iv10(b)(iv) hereof, no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company's MedPartners' obligation to pay severance benefits under this Agreement shall not be reduced by any amount owed by the Executive to the CompanyMedPartners.

Appears in 2 contracts

Samples: Employment Agreement (Caremark Rx Inc), Employment Agreement (Medpartners Inc)

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section 7 hereof, and, except as provided in Section 7(a)(iv) hereof, hereof and no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company's obligation to pay severance benefits under this Agreement shall not be reduced by any amount owed by the Executive to the Company.

Appears in 2 contracts

Samples: Employment Agreement (Equivest Finance Inc), Employment Agreement (Harris R Perry)

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section 7 7, 8 or 9 hereof, and, except as provided in Section 7(a)(iv) hereof, and no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company's obligation to pay severance benefits under this Agreement shall not be reduced by any amount owed by the Executive to the Company.

Appears in 2 contracts

Samples: Employment Agreement (Healthsouth Corp), Employment Agreement (Healthsouth Corp)

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section 7 Sections 7, 8 or 9 hereof, and, except as provided in Section 7(a)(iv) hereof, and no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company's obligation to pay severance benefits under this Agreement shall not be reduced by any amount owed by the Executive to the Company.

Appears in 2 contracts

Samples: Employment Agreement (Healthsouth Corp), Employment Agreement (Healthsouth Corp)

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section 7 Article 6 hereof, and, except as provided in Section 7(a)(iv) hereof, and no such severance benefit shall be reduced on account of any compensation received by the Executive from any other employmentemployment or source. The Company's obligation to pay severance benefits under this Agreement shall not be reduced by any amount owed by the Executive to the Company.

Appears in 1 contract

Samples: Employment Agreement (Autobytel Inc)

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No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section 7 3 hereof, and, except as provided in Section 7(a)(iv) hereof, and no such severance benefit shall be reduced on account of any compensation received by the Executive from the Company or any other employment. The Company's ’s obligations to Executive hereunder, including, without limitation, any obligation to pay provide severance benefits under this Agreement benefits, shall not be reduced by subject to set-off or counterclaim in respect of any amount owed by the debts or liabilities of Executive to the Company.

Appears in 1 contract

Samples: Employment Agreement (Omnicare Inc)

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section 7 hereof9, and, except as provided in Section 7(a)(iv) hereof9(a)(iv), no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company's ’s obligation to pay benefits (severance benefits or otherwise) under this Agreement shall not be reduced by any amount owed by the Executive to the Company, except for any amounts owed by the Executive to the Company pursuant to Section 4(b), to which the Company shall have an express right of setoff (in addition to any other remedies available to it under law).

Appears in 1 contract

Samples: Employment Agreement (Cumulus Media Inc)

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section Article 6 or 7 hereof, and, except as provided in Section 7(a)(iv) hereof, and no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company's obligation to pay severance benefits under this Agreement shall not be reduced by any amount owed by the Executive to the Company.

Appears in 1 contract

Samples: Employment Agreement (Cypros Pharmaceutical Corp)

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section 7 8.2 hereof, and, except as provided in Section 7(a)(iv) hereof, and no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company's obligations to Executive under this Agreement, including, without limitation, any obligation to pay provide severance benefits under this Agreement benefits, shall not be reduced by subject to set-off or counterclaim in respect of any amount owed by the debts or liabilities of Executive to Company except for payments on the CompanyNote as set forth in Section 5.6.

Appears in 1 contract

Samples: Employment Agreement (Advanced Energy Industries Inc)

No Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any severance benefit payable to him under Section 7 Article 6 hereof, and, except as provided in Section 7(a)(iv) hereof, and no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company's obligation to pay severance benefits under this Agreement shall not be reduced by any amount owed by the Executive to the Company.compensation

Appears in 1 contract

Samples: Employment Agreement (Autobytel Com Inc)

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