We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Payment Obligations Absolute Clause in Contracts

Payment Obligations Absolute. The Company’s obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(b) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 11 contracts

Samples: Severance Agreement (Forest Oil Corp), Severance Agreement (Forest Oil Corp), Severance Agreement (Forest Oil Corp)

AutoNDA by SimpleDocs

Payment Obligations Absolute. The Company’s 's obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(b3(c) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 7 contracts

Samples: Severance Agreement (Seagull Energy Corp), Severance Agreement (Seagull Energy Corp), Severance Agreement (Seagull Energy Corp)

Payment Obligations Absolute. The Company’s 's obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph Paragraphs 3(b) and 4(b) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 7 contracts

Samples: Severance Agreement (Seabulk International Inc), Severance Agreement (Seabulk International Inc), Severance Agreement (Seabulk International Inc)

Payment Obligations Absolute. The Company’s 's obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph Paragraphs 3(b) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 6 contracts

Samples: Severance Agreement (Marine Drilling Companies Inc), Severance Agreement (Marine Drilling Companies Inc), Severance Agreement (Marine Drilling Companies Inc)

Payment Obligations Absolute. The Company’s 's obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(bParagraphs 6(d) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 6 contracts

Samples: Severance Agreement (Marine Drilling Companies Inc), Severance Agreement (Marine Drilling Companies Inc), Severance Agreement (Marine Drilling Companies Inc)

Payment Obligations Absolute. The Company’s obligation to pay (or cause one of its subsidiaries to pay) Executive Employee the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive Employee shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(b) hereof, Agreement and the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 5 contracts

Samples: Change of Control Agreement (Key Energy Services Inc), Change of Control Agreement (Key Energy Services Inc), Change of Control Agreement (Key Energy Services Inc)

Payment Obligations Absolute. The Company’s 's obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(b) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 4 contracts

Samples: Severance Agreement (Lone Pine Resources Inc.), Severance Agreement (Ocean Energy Inc /Tx/), Severance Agreement (Ocean Energy Inc /Tx/)

Payment Obligations Absolute. The Company’s 's obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense defense, or other right which the Company (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(bSection 5.3(c) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Superior Well Services, INC), Employment Agreement (Superior Well Services, INC), Employment Agreement (Superior Well Services, INC)

Payment Obligations Absolute. The Company’s 's obligation to pay (or cause one of its subsidiaries to pay) Executive Employee the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive Employee shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(b) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 2 contracts

Samples: Severance Agreement (Lone Pine Resources Inc.), Severance Agreement (Lone Pine Resources Inc.)

Payment Obligations Absolute. The Subject to the terms of this Agreement, the Company’s 's obligation to pay (or cause one of its subsidiaries affiliates to pay) Executive the amounts and to make the arrangements provided herein shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any set-off, counterclaimcounter-claim, recoupment, defense or other right which the Company (including its subsidiariesaffiliates) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries affiliates hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(b) hereof, and the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Reliant Energy Resources Corp), Employment Agreement (Reliant Energy Resources Corp)

Payment Obligations Absolute. The Company’s obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph Paragraphs 3(a), 3(b) and 4(b) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 2 contracts

Samples: Severance Agreement (Forest Oil Corp), Severance Agreement (Forest Oil Corp)

Payment Obligations Absolute. The Company’s 's obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph Paragraphs 3(a), 3(b) and 4(b) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 2 contracts

Samples: Severance Agreement (Forest Oil Corp), Severance Agreement (Forest Oil Corp)

Payment Obligations Absolute. The Company’s 's obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him Executive or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(b) hereof, and the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 1 contract

Samples: Severance Agreement (Sierracities Com Inc)

AutoNDA by SimpleDocs

Payment Obligations Absolute. The Company’s 's obligation to pay (or ---------------------------- cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any set-off, counterclaimcounter-claim, recoupment, defense or other right which the Company (including its subsidiaries) may have against him Executive or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(b3(c) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 1 contract

Samples: Separation Agreement (Da Consulting Group Inc)

Payment Obligations Absolute. The Company’s obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense defense, or other right which the Company (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(bSection 5.3(c) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Superior Well Services, INC)

Payment Obligations Absolute. The Company’s obligation to pay (or cause one of its subsidiaries to pay) Executive Employee the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive Employee shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(b) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 1 contract

Samples: Severance Agreement (Lone Pine Resources Inc.)

Payment Obligations Absolute. The Company’s 's obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him Executive or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(b3(c) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 1 contract

Samples: Separation Agreement (Da Consulting Group Inc)

Payment Obligations Absolute. The Company’s obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(a), 3(b) and 4(b) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 1 contract

Samples: Severance Agreement (Forest Oil Corp)

Payment Obligations Absolute. The Company’s obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph Paragraphs 3(b) and 4(b) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 1 contract

Samples: Severance Agreement (Seabulk International Inc)

Payment Obligations Absolute. The Company’s 's obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements arrangement provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(b3 (c) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 1 contract

Samples: Severance Agreement (Edge Petroleum Corp)

Payment Obligations Absolute. The Company’s obligation to pay (or cause one of its subsidiaries to pay) Executive the amounts and to make the arrangements provided herein 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 (including its subsidiaries) may have against him or anyone else. All amounts payable by the Company (including its subsidiaries hereunder) shall be paid without notice or demand. Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and, except as provided in Paragraph 3(b3 (c) hereof, the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make (or cause to be made) the payments and arrangements required to be made under this Agreement.

Appears in 1 contract

Samples: Severance Agreement (Edge Petroleum Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!