Common use of Obligations Absolute; Withholding Clause in Contracts

Obligations Absolute; Withholding. (a) The obligations of the Company under this Agreement shall be absolute and unconditional and shall not be affected by any circumstances, including without limitation (i) Executive’s receipt of compensation and benefits from another employer in the event that Executive accepts new employment following the termination of his employment under this Agreement, or (ii) any set-off, counterclaim, recoupment, defense or other right which the Company or any of its subsidiaries or affiliates may have against Executive or anyone else.

Appears in 8 contracts

Samples: Employment Agreement (Foamex International Inc), Employment Agreement (Foamex International Inc), Employment Agreement (Foamex International Inc)

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Obligations Absolute; Withholding. (a) The obligations of the Company under this Agreement shall be absolute and unconditional and shall not be affected by any circumstances, including without limitation (i) Executive’s 's receipt of compensation and benefits from another employer in the event that Executive accepts new employment following the termination of his employment under this Agreement, or (ii) any set-off, counterclaim, recoupment, defense or other right which the Company or any of its subsidiaries or affiliates may have against Executive or anyone else.

Appears in 5 contracts

Samples: Employment Agreement (Foamex International Inc), Employment Agreement (Foamex International Inc), Employment Agreement (Foamex Capital Corp)

Obligations Absolute; Withholding. (a) The obligations of the Company under this Agreement hereunder shall be absolute and unconditional and shall not be affected by any circumstances, including without limitation (i) the Executive’s 's receipt of compensation and benefits from another employer in the event that the Executive accepts new employment following the termination of his employment under this Agreement, or (ii) any set-off, counterclaim, recoupment, defense or other right which the Company or any of its subsidiaries or affiliates may have against the Executive or anyone else.

Appears in 2 contracts

Samples: Employment Agreement (Freedom Chemical Co), Employment Agreement (Freedom Chemical Co)

Obligations Absolute; Withholding. (a) The obligations of the Company under this Agreement shall be absolute and unconditional and shall not be affected by any circumstances, including without limitation (iI) Executive’s 's receipt of compensation and benefits from another employer in the event that Executive accepts new employment following the termination of his employment under this Agreement, or (ii) any set-off, counterclaim, recoupment, defense or other right which the Company or any of its subsidiaries or affiliates may have against Executive or anyone else.

Appears in 1 contract

Samples: Employment Agreement (Foamex International Inc)

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Obligations Absolute; Withholding. (a) The obligations of the Company under this Agreement shall be absolute and unconditional and shall not be affected by any circumstances, including without limitation (i) Executive’s receipt of compensation and benefits from another employer in the event that Executive accepts new employment following the termination of his employment under this Agreement, or (ii) any set-off, counterclaim, recoupment, defense or other right which the Company or any of its subsidiaries or affiliates may have against Executive or anyone else. All payments to Executive under this Agreement may be reduced by applicable withholding by federal, state or local law.

Appears in 1 contract

Samples: Employment Agreement (Daleco Resources Corp)

Obligations Absolute; Withholding. (a) The obligations of the Company under this Agreement shall be absolute and unconditional and shall not be affected by any circumstances, including without limitation (i) the Executive’s 's receipt of compensation and benefits from another employer in the event that the Executive accepts new employment following the termination of his employment under this Agreement, or (ii) any set-off, counterclaim, recoupment, defense or other right which the Company or any of its subsidiaries or affiliates may have against the Executive or anyone else.

Appears in 1 contract

Samples: Employment Agreement (Foamex International Inc)

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