Common use of Offset Clause in Contracts

Offset. Any severance or other payments or benefits made to you under this Agreement may be reduced, in the Company’s discretion, by any amounts you owe to the Company provided that any such offsets do not violate Code Section 409A.

Appears in 12 contracts

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

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Offset. Any severance or other payments payment or benefits made to you under this Agreement the Company’s plans and agreements may be reduced, reduced in the Company’s discretion, by any amounts that you owe to the Company under Section 6 or Section 10 of this Agreement, provided that any such offsets do offset occurs at a time so that it does not violate Section 409A of the Code Section 409A.and is permitted under Applicable Laws.

Appears in 9 contracts

Samples: Performance Stock Unit Award Agreement (Darden Restaurants Inc), Performance Stock Unit Award Agreement (Darden Restaurants Inc), Performance Stock Unit Award Agreement (Darden Restaurants Inc)

Offset. Any severance Severance or other payments or benefits made to you under this Agreement may be reduced, in the Company’s discretion, by any amounts you owe to the Company provided that any such offsets do not violate Code Section 409A. To the extent you receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, or under the WARN Act or similar state law, the payments and benefits due to you under this Agreement will be correspondingly reduced on a dollar-for-dollar basis (or vice-versa) in a manner that complies with Code Section 409A.

Appears in 8 contracts

Samples: Severance Agreement (Tracon Pharmaceuticals, Inc.), Severance Agreement (Tracon Pharmaceuticals, Inc.), Severance Agreement (Tracon Pharmaceuticals, Inc.)

Offset. Any severance or other payments or benefits made to you under this Agreement may be reduced, in the Company’s discretion, by any amounts you owe to the Company provided or as will be needed to satisfy any future co-payments you would need to make for continuing post-termination benefits; provided, however, that any such offsets do not violate Code Section 409A.

Appears in 7 contracts

Samples: Separation Agreement (Legalzoom Com Inc), Separation Agreement (Legalzoom Com Inc), Separation Agreement (Legalzoom Com Inc)

Offset. Any severance or other payments or benefits made to you under this Agreement may be reduced, in the Company’s discretion, by any amounts you owe to the Company or as will be needed to satisfy any future co-payments you would need to make for continuing post-termination benefits, provided however that any such offsets do not violate Code Section 409A.409A or any other applicable law.

Appears in 5 contracts

Samples: Merger Agreement (Revelstone Capital Acquisition Corp.), Merger Agreement (Revelstone Capital Acquisition Corp.), Employment Agreement (Revelstone Capital Acquisition Corp.)

Offset. Any severance or other payments or benefits made to you under this Agreement the Company’s plans and agreements may be reduced, in the Company’s discretion, by any amounts that you owe to the Company under Section 5 or Section 6 of this Agreement, provided that any such offsets do offset occurs at a time so that it does not violate Section 409A of the Code Section 409A.and is permitted under Applicable Laws.

Appears in 5 contracts

Samples: ] Nonqualified Stock Option Award Agreement (Darden Restaurants Inc), Nonqualified Stock Option Award Agreement (Darden Restaurants Inc), Stock Option Award Agreement (Darden Restaurants Inc)

Offset. Any severance or other payments or benefits made to you under this Agreement may be reduced, in the Company’s 's discretion, by any amounts you owe to the Company or as will be needed to satisfy any future co-payments you would need to make for continuing post-termination benefits, provided however that any such offsets do not violate Code Section 409A.

Appears in 5 contracts

Samples: Employment Agreement (Zovio Inc), Employment Agreement (Bridgepoint Education Inc), Employment Agreement (Bridgepoint Education Inc)

Offset. Any severance or other payments payment or benefits made to you under this Agreement the Company’s plans and agreements may be reduced, reduced in the Company’s discretion, by any amounts that you owe to the Company under Section 6 or Section 11 of this Agreement, provided that any such offsets do offset occurs at a time so that it does not violate Section 409A of the Code Section 409A.and is permitted under Applicable Laws.

Appears in 4 contracts

Samples: Performance Stock Unit Award Agreement (Darden Restaurants Inc), Performance Stock Unit Award Agreement (Darden Restaurants Inc), Omnibus Incentive Plan Special Equity Award Grant Agreement (Darden Restaurants Inc)

Offset. Any severance or other payments or benefits made to you under this Agreement may be reduced, in the Company’s discretion, by any amounts you owe to the Company provided that any such offsets do not violate Code Section 409A. To the extent you receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, or under the WARN Act or similar state law, the payments and benefits due to you under this Agreement will be correspondingly reduced on a dollar-for-dollar basis (or vice-versa) in a manner that complies with Code Section 409A.

Appears in 3 contracts

Samples: Severance Plan Agreement (Oncocyte Corp), Change in Control and Executive Severance Plan Agreement (Oncocyte Corp), Change in Control and Severance Agreement (OncoCyte Corp)

Offset. Any severance or other payments or benefits made to you under this Agreement may be reduced, in the Company’s discretion, by any amounts you owe to the Company or as will be needed to satisfy any future co-payments you would need to make for continuing post-termination benefits, provided however that any such offsets do not violate Code Section 409A.

Appears in 3 contracts

Samples: Employment Agreement (Bridgepoint Education Inc), Employment Agreement (Bridgepoint Education Inc), Employment Agreement (Bridgepoint Education Inc)

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Offset. Any Notwithstanding anything to the contrary in this Agreement, any severance or other payments or benefits made to you under this Agreement may be reduced, in the Company’s discretion, by any amounts you owe to the Company provided or as will be needed to satisfy any future payments you would need to make for continuing post-termination benefits; provided, however, that any such offsets do not violate Code Section 409A.

Appears in 3 contracts

Samples: Employment Agreement (LEGALZOOM.COM, Inc.), Separation Agreement (LEGALZOOM.COM, Inc.), Separation Agreement (LEGALZOOM.COM, Inc.)

Offset. Any severance or other payments or benefits made to you under this Agreement may be reduced, in the Company’s discretion, by any amounts you owe to the Company provided that any such offsets do not violate Code Section 409A.409A. 14.

Appears in 2 contracts

Samples: Key Executive Benefits Agreement (Lifevantage Corp), Key Executive Benefits Agreement (Lifevantage Corp)

Offset. Any severance or other payments or benefits made to you under this Agreement may be reduced, in the Company’s discretion, by any amounts you owe to the Company or as will be needed to satisfy any future co-payments you would need to make for continuing post-termination benefits, provided however that any such offsets do not violate Code Section 409A.409A. 13

Appears in 1 contract

Samples: Employment Agreement (Bridgepoint Education Inc)

Offset. Any severance To the extent permitted under Section 409A, any Severance Pay or other payments or benefits made to you under this Agreement may be reduced, in the Company’s discretion, by any amounts you owe to the Company provided that any such offsets do not violate Code Section 409A.Company.

Appears in 1 contract

Samples: Letter Agreement (Alleghany Corp /De)

Offset. Any Notwithstanding the provisions of Section 7(f), any severance or other payments or benefits made to you under this Agreement may be reduced, in the Company’s reasonable discretion, by any amounts you owe to the Company or as will be needed to satisfy any future co-payments you would need to make for continuing post-termination benefits, provided however that any such offsets do not violate Code Section 409A.409A or any other provision of applicable law.

Appears in 1 contract

Samples: Employment Agreement (Research Solutions, Inc.)

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