Payment Obligation Absolute. Subject to Section 5 and to Subsection 2.4, the obligations of the Company to pay the benefits described in Section 2 shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense, or other right which the Company may have against the Executive. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement, nor shall the amount of any payment hereunder be reduced by any compensation earned by the Executive as a result of employment by another employer.
Appears in 8 contracts
Samples: Change in Control Agreement (Pacificorp /Or/), Change in Control Agreement (Pacificorp /Or/), Change in Control Agreement (Pacificorp /Or/)
