No Mitigation Required. The Company agrees that, if the Executive’s employment with the Company terminates, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company pursuant to this Agreement. Further, the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Executive as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company, or otherwise.
Appears in 19 contracts
Samples: Employment Agreement (Koil Energy Solutions, Inc.), Restricted Stock Agreement (Deep Down, Inc.), Employment Agreement (Deep Down, Inc.)
No Mitigation Required. The Company agrees that, if the Executive’s employment with the Company terminates, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company pursuant to this Agreement. Further, except as specified in Section 5(b)(ii), the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Executive as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company, or otherwise.
Appears in 6 contracts
Samples: Executive Employment Agreement (Weatherford International PLC), Executive Employment Agreement (Weatherford International PLC), Executive Employment Agreement (Weatherford International Ltd./Switzerland)
No Mitigation Required. The Company agrees that, if the Executive’s employment with the Company terminates, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company pursuant to this Agreement. Further, except as specified in Section 3(a)(ii), the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Executive as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company, or otherwise.
Appears in 6 contracts
Samples: Employment Agreement (Weatherford International LTD), Employment Agreement (Weatherford International LTD), Employment Agreement (Weatherford International Ltd./Switzerland)
No Mitigation Required. The Company agrees that, if the Executive’s 's employment with the Company terminates, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company pursuant to this Agreement. Further, except as specified in Section 5(b)(ii), the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Executive as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company, or otherwise.
Appears in 2 contracts
Samples: Executive Employment Agreement (Weatherford International Ltd./Switzerland), Executive Employment Agreement (Weatherford International Ltd./Switzerland)
No Mitigation Required. The Company agrees that, if the Executive’s 's employment with the Company terminates, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company pursuant to this Agreement. Further, the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Executive as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company, or otherwise.
Appears in 2 contracts
Samples: Employment Agreement (Weatherford International LTD), Employment Agreement (Weatherford International LTD)