Common use of Severance Offset Clause in Contracts

Severance Offset. The Company’s obligation to pay the Severance Amount or the Change in Control Severance Amount, as the case may be, shall be reduced by (i) severance benefits to which Executive is entitled under any other plan, agreement or arrangement with the Company or its Affiliates and (ii) notice pay required to be paid to Executive under applicable legal requirements, including, without limitation, the Worker Adjustment and Retraining Notification Act.

Severance Offset. The Company’s obligation to pay the Severance Amount or the Change in Control Severance Amount, as the case may be, shall be reduced by (i) severance benefits to which Executive is entitled under any other plan, agreement or arrangement with the Company or its Affiliates and (ii) notice pay required to be paid to Executive under applicable legal requirements, including, without limitation, the Worker Adjustment and Retraining Notification Act.