Common use of No Set-Off; No Obligation to Seek Other Employment or to Otherwise Mitigate Damages; No Effect Upon Other Plans Clause in Contracts

No Set-Off; No Obligation to Seek Other Employment or to Otherwise Mitigate Damages; No Effect Upon Other Plans. Key’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set off, counterclaim, recoupment, defense, or other claim whatsoever that Key or any of its Subsidiaries may have against the Executive. The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise. The amount of any payment provided for under this Agreement shall not be reduced by any compensation or benefits earned by the Executive as the result of employment by another employer or otherwise after the termination of the Executive’s employment. Neither the provisions of this Agreement, nor the execution of the waiver and release referred to in Section 5.2 below, nor the making of any payment provided for hereunder shall reduce any amounts otherwise payable, or in any way diminish the Executive’s rights, under any incentive compensation plan, stock option or stock appreciation rights plan, deferred compensation plan, restricted stock plan or agreement, retirement or supplemental retirement plan, stock purchase and savings plan, disability or insurance plan, or other similar contract, plan, or arrangement of Key or any Subsidiary, all of which will continue to be governed by their respective terms.

Appears in 6 contracts

Samples: Change of Control Agreement (Keycorp /New/), Change of Control Agreement (Keycorp /New/), Change of Control Agreement (Keycorp /New/)

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No Set-Off; No Obligation to Seek Other Employment or to Otherwise Mitigate Damages; No Effect Upon Other Plans. KeyDDR’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall under this Agreement will not be affected by any set set-off, counterclaim, recoupment, defense, or other claim whatsoever that Key DDR or any of its Subsidiaries Subsidiary may have against Executive, except that the prohibition on set-off, counterclaim, recoupment, defense, or other claim contained in this sentence will not apply if Executive’s employment is terminated by DDR for Cause. The Executive shall will not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise. The amount of any payment provided for under this Agreement shall will not be reduced by any compensation or benefits earned by the Executive as the result of employment by another employer or otherwise after the termination of the Executive’s employmentTermination Date. Neither the provisions of this Agreement, nor the execution of the waiver and release referred to in Section 5.2 below, Agreement nor the making of any payment provided for hereunder shall under this Agreement, nor the termination of DDR’s obligations under this Agreement, will reduce any amounts otherwise payable, or in any way diminish the Executive’s rights, under any incentive compensation plan, stock option or stock appreciation rights plan, deferred compensation plan, restricted stock plan or agreement, retirement deferred compensation, retirement, or supplemental retirement plan, stock purchase and savings plan, disability or insurance plan, or other similar contract, plan, or arrangement of Key DDR or any Subsidiary, all of which will continue to be governed by their respective terms.

Appears in 5 contracts

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

No Set-Off; No Obligation to Seek Other Employment or to Otherwise Mitigate Damages; No Effect Upon Other Plans. KeyDDR’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall under this Agreement will not be affected by any set offset‑off, counterclaim, recoupment, defense, or other claim whatsoever that Key DDR or any of its Subsidiaries Subsidiary may have against Executive, except that the prohibition on set-off, counterclaim, recoupment, defense, or other claim contained in this sentence will not apply if Executive’s employment is terminated by DDR for Cause. The Executive shall will not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise. The amount of any payment provided for under this Agreement shall will not be reduced by any compensation or benefits earned by the Executive as the result of employment by another employer or otherwise after the termination of the Executive’s employmentTermination Date. Neither the provisions of this Agreement, nor the execution of the waiver and release referred to in Section 5.2 below, Agreement nor the making of any payment provided for hereunder shall under this Agreement, nor the termination of DDR’s obligations under this Agreement, will reduce any amounts otherwise payable, or in any way diminish the Executive’s rights, under any incentive compensation plan, stock option or stock appreciation rights plan, deferred compensation plan, restricted stock plan or agreement, retirement deferred compensation, retirement, or supplemental retirement plan, stock purchase and savings plan, disability or insurance plan, or other similar contract, plan, or arrangement of Key DDR or any Subsidiary, all of which will continue to be governed by their respective terms.

Appears in 5 contracts

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

No Set-Off; No Obligation to Seek Other Employment or to Otherwise Mitigate Damages; No Effect Upon Other Plans. Key’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set set-off, counterclaim, recoupment, defense, or other claim whatsoever that Key or any of its Subsidiaries may have against the Executive. The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise. The Except as provided in Section 1.3, the amount of any payment provided for under this Agreement shall not be reduced by any compensation or benefits earned by the Executive as the result of employment by another employer or otherwise after the termination of the Executive’s employment. Neither the provisions of this Agreement, nor the execution of the waiver and release referred to in Section 5.2 5.3 below, nor the making of any payment provided for hereunder shall reduce any amounts otherwise payable, or in any way diminish the Executive’s rights, under any incentive compensation plan, stock option or stock appreciation rights plan, deferred compensation plan, restricted stock plan or agreement, retirement or supplemental retirement plan, stock purchase and savings plan, disability or insurance plan, or other similar contract, plan, or arrangement of Key or any Subsidiary, all of which will continue to be governed by their respective terms.

Appears in 5 contracts

Samples: Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/)

No Set-Off; No Obligation to Seek Other Employment or to Otherwise Mitigate Damages; No Effect Upon Other Plans. Key’s Each of Curbline and SITE Centers’ obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall under this Agreement will not be affected by any set offset‑off, counterclaim, recoupment, defense, or other claim whatsoever that Key such entity or any subsidiary or affiliate of its Subsidiaries such entity may have against Executive, except that the prohibition on set-off, counterclaim, recoupment, defense, or other claim contained in this sentence will not apply if Executive’s employment is terminated by such entity for Cause. The Executive shall will not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise. The amount of any payment provided for under this Agreement shall will not be reduced by any compensation or benefits earned by the Executive as the result of employment by another employer or otherwise after the termination of the Executive’s employmentTermination Date. Neither the provisions of this Agreement, nor the execution of the waiver and release referred to in Section 5.2 below, Agreement nor the making of any payment provided for hereunder shall under this Agreement, nor the termination of any of SITE Centers or Curbline’s obligations under this Agreement, will reduce any amounts otherwise payable, or in any way diminish the Executive’s rights, under any incentive compensation plan, stock option or stock appreciation rights plan, deferred compensation plan, restricted stock plan or agreement, retirement deferred compensation, retirement, or supplemental retirement plan, stock purchase and savings plan, disability or insurance plan, or other similar contract, plan, or arrangement of Key such entity or any Subsidiarysubsidiary of such entity, all of which will continue to be governed by their respective terms.

Appears in 4 contracts

Samples: Assigned Employment Agreement (SITE Centers Corp.), Assigned Employment Agreement (SITE Centers Corp.), Employment Agreement (SITE Centers Corp.)

No Set-Off; No Obligation to Seek Other Employment or to Otherwise Mitigate Damages; No Effect Upon Other Plans. Key’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set set-off, counterclaim, recoupment, defense, or other claim whatsoever that Key or any of its Subsidiaries may have against the Executive. The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise. The amount of any payment provided for under this Agreement shall not be reduced by any compensation or benefits earned by the Executive as the result of employment by another employer or otherwise after the termination of the Executive’s employment. Neither the provisions of this Agreement, nor the execution of the waiver and release referred to in Section 5.2 below, nor the making of any payment provided for hereunder shall reduce any amounts otherwise payable, or in any way diminish the Executive’s rights, under any incentive compensation plan, stock option or stock appreciation rights plan, deferred compensation plan, restricted stock plan or agreement, retirement or supplemental retirement plan, stock purchase and savings plan, disability or insurance plan, or other similar contract, plan, or arrangement of Key or any Subsidiary, all of which will continue to be governed by their respective terms.

Appears in 4 contracts

Samples: Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/)

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No Set-Off; No Obligation to Seek Other Employment or to Otherwise Mitigate Damages; No Effect Upon Other Plans. Key’s Each of Curbline and SITE Centers’ obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall under this Agreement will not be affected by any set set-off, counterclaim, recoupment, defense, or other claim whatsoever that Key such entity or any subsidiary or affiliate of its Subsidiaries such entity may have against Executive, except that the prohibition on set-off, counterclaim, recoupment, defense, or other claim contained in this sentence will not apply if Executive’s employment is terminated by such entity for Cause. The Executive shall will not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise. The amount of any payment provided for under this Agreement shall will not be reduced by any compensation or benefits earned by the Executive as the result of employment by another employer or otherwise after the termination of the Executive’s employmentTermination Date. Neither the provisions of this Agreement, nor the execution of the waiver and release referred to in Section 5.2 below, Agreement nor the making of any payment provided for hereunder shall under this Agreement, nor the termination of any of SITE Centers or Curbline’s obligations under this Agreement, will reduce any amounts otherwise payable, or in any way diminish the Executive’s rights, under any incentive compensation plan, stock option or stock appreciation rights plan, deferred compensation plan, restricted stock plan or agreement, retirement deferred compensation, retirement, or supplemental retirement plan, stock purchase and savings plan, disability or insurance plan, or other similar contract, plan, or arrangement of Key such entity or any Subsidiarysubsidiary of such entity, all of which will continue to be governed by their respective terms.

Appears in 3 contracts

Samples: Assigned Employment Agreement (Curbline Properties Corp.), Assigned Employment Agreement (Curbline Properties Corp.), Assigned Employment Agreement (Curbline Properties Corp.)

No Set-Off; No Obligation to Seek Other Employment or to Otherwise Mitigate Damages; No Effect Upon Other Plans. Key’s 's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set set-off, counterclaim, recoupment, defense, or other claim whatsoever that Key or any of its Subsidiaries may have against the Executive. The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise. The Except as provided in Section 1.3, the amount of any payment provided for under this Agreement shall not be reduced by any compensation or benefits earned by the Executive as the result of employment by another employer or otherwise after the termination of the Executive’s 's employment. Neither the provisions of this Agreement, nor the execution of the waiver and release referred to in Section 5.2 5.3 below, nor the making of any payment provided for hereunder shall reduce any amounts otherwise payable, or in any way diminish the Executive’s 's rights, under any incentive compensation plan, stock option or stock appreciation rights plan, deferred compensation plan, restricted stock plan or agreement, retirement or supplemental retirement plan, stock purchase and savings plan, disability or insurance plan, or other similar contract, plan, or arrangement of Key or any Subsidiary, all of which will continue to be governed by their respective terms.

Appears in 2 contracts

Samples: Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/)

No Set-Off; No Obligation to Seek Other Employment or to Otherwise Mitigate Damages; No Effect Upon Other Plans. KeyDDR’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall under this Agreement will not be affected by any set offset‑off, counterclaim, recoupment, defense, or other claim whatsoever that Key DDR or any of its Subsidiaries Subsidiary or affiliate may have against Executive, except that the prohibition on set-off, counterclaim, recoupment, defense, or other claim contained in this sentence will not apply if Executive’s employment is terminated by DDR for Cause. The Executive shall will not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise. The amount of any payment provided for under this Agreement shall will not be reduced by any compensation or benefits earned by the Executive as the result of employment by another employer or otherwise after the termination of the Executive’s employmentTermination Date. Neither the provisions of this Agreement, nor the execution of the waiver and release referred to in Section 5.2 below, Agreement nor the making of any payment provided for hereunder shall under this Agreement, nor the termination of DDR’s obligations under this Agreement, will reduce any amounts otherwise payable, or in any way diminish the Executive’s rights, under any incentive compensation plan, stock option employee benefit plans or stock appreciation rights plan, deferred compensation plan, restricted stock plan or agreement, retirement or supplemental retirement plan, stock purchase and savings planprograms, disability or insurance plan, or other similar contract, plan, or arrangement of Key DDR or any SubsidiarySubsidiary to which Executive is entitled to participate pursuant to this Agreement, all of which will continue to be governed by their respective terms.

Appears in 1 contract

Samples: Employment Agreement (DDR Corp)

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