Common use of No Set-Off; No Mitigation Clause in Contracts

No Set-Off; No Mitigation. Except as provided herein, the Bank’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including any set-off, counterclaim, recoupment, defense or other right which the Bank may have against Executive or others. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement, and such amounts shall not be reduced whether or not Executive obtains other employment.

Appears in 2 contracts

Samples: Employment Agreement (Midland States Bancorp, Inc.), Employment Agreement (Midland States Bancorp, Inc.)

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No Set-Off; No Mitigation. Except as provided herein, the Bank’s 's obligation to make the payments provided for in provide benefits under this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including any set-off, counterclaim, recoupment, defense defense, or other right which the Bank may have against Executive or others. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement, and such amounts shall not be reduced whether or not Executive obtains other employment.

Appears in 1 contract

Samples: Employment Agreement (Trinity Capital Corp)

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No Set-Off; No Mitigation. Except as provided herein, the Bank’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including any set-off, counterclaim, recoupment, defense or other right which the Bank may have against Executive the Employee or others. In no event shall Executive the Employee be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive the Employee under any of the provisions of this Agreement, and such amounts shall not be reduced whether or not Executive the Employee obtains other employment.

Appears in 1 contract

Samples: Employment Agreement (QCR Holdings Inc)

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