No Offset or Mitigation. Executive shall not be required to mitigate the amount of any payment or benefit provided for under this Agreement by seeking other employment or otherwise nor shall the amount of any payment or benefit provided for in this Agreement be reduced as the result of his employment by another employer or his self-employment, except that any severance payments or benefits that Executive is entitled to receive pursuant to a Company severance welfare benefit plan for employees in general shall reduce the amount of payments and benefits otherwise payable or to be provided to Executive under this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (RigNet, Inc.), Employment Agreement (RigNet, Inc.), Employment Agreement (RigNet, Inc.)
No Offset or Mitigation. Executive shall not be required to mitigate the amount of any payment or benefit provided for under in this Agreement by seeking other employment or otherwise otherwise, nor shall the amount of any payment or benefit so provided for in this Agreement be reduced by any compensation earned by him as the result of his employment by another employer after the Date of Employment Termination, or his self-employment, except that any severance payments or benefits that Executive is entitled to receive pursuant to a Company severance welfare benefit plan for employees in general shall reduce the amount of payments and benefits otherwise payable or to be provided to Executive under this Agreementotherwise.
Appears in 3 contracts
Samples: Employment Agreement (Edo Corp), Employment and Retirement Agreement (Edo Corp), Employment Agreement (Edo Corp)
No Offset or Mitigation. Executive shall not be required to mitigate the amount of any payment or benefit provided for under this Agreement by seeking other employment or otherwise nor shall the amount of any payment or benefit provided for in this Agreement be reduced as the result of his employment by another employer or his self-self- employment, except that any severance payments or benefits that Executive is entitled to receive pursuant to a Company severance welfare benefit plan for employees in general shall reduce the amount of payments and benefits otherwise payable or to be provided to Executive under this Agreement.
Appears in 1 contract
Samples: Employment Agreement (RigNet, Inc.)
