Full Payment; No Mitigation Obligation Sample Clauses
The "Full Payment; No Mitigation Obligation" clause requires one party to pay the full amount owed under the contract, regardless of whether the other party takes steps to reduce or offset their losses. In practice, this means that if a contract is terminated or a triggering event occurs, the payee is not required to seek alternative income or otherwise minimize the damages before claiming the full payment. This clause ensures certainty of payment for the entitled party and removes the burden of proving mitigation, thereby simplifying the claims process and protecting the payee from arguments that they failed to reduce their losses.
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Full Payment; No Mitigation Obligation. The Company's -------------------------------------- obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against Executive or others. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement.
Full Payment; No Mitigation Obligation. The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall be subject to any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against Employee.
Full Payment; No Mitigation Obligation. The Company’s obligation to make the payments provided for in this Section 4 and otherwise to perform its obligations under this Agreement shall be subject to any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive.
Full Payment; No Mitigation Obligation. The -------------------------------------- Company's obligation to make the payments provided for in sections 1.3(a)(iv)-(vii) in this Agreement and otherwise to perform its obligations hereunder shall be subject to any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against Executive or others, and is also contingent upon Executive's execution of the release described in Section 1.12. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement.
Full Payment; No Mitigation Obligation. The Company's obligation -------------------------------------- to make the payments provided for in Section 5 of this Agreement and otherwise to perform its obligations hereunder is contingent upon your execution of the release described in Section 8 below. You are not obligated to seek other employment or take any other action by way of mitigation of the amounts payable to you under any of the provisions of this Agreement.