Common use of No Mitigation; No Offset Clause in Contracts

No Mitigation; No Offset. In the event of any termination of employment under Section 6, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 18 contracts

Sources: Executive Employment Agreement (Red Rock Resorts, Inc.), Executive Employment Agreement (Red Rock Resorts, Inc.), Executive Employment Agreement (Red Rock Resorts, Inc.)

No Mitigation; No Offset. In the event of any termination of employment under this Section 6, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 6 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 13 contracts

Sources: Employment Agreement (Ethan Allen Interiors Inc), Employment Agreement (Interline Brands, Inc./De), Employment Agreement (Interline Brands, Inc./De)

No Mitigation; No Offset. In the event of any termination of employment under this Section 6, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to paid or payable the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 6 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 9 contracts

Sources: Employment Agreement (EconoShare, Inc.), Employment Agreement (EconoShare, Inc.), Employment Agreement (Aris Industries Inc)

No Mitigation; No Offset. In the event of any termination of employment under this Section 6, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive he may obtain. Any amounts payable obtain except as specifically provided with regard to the Executive are continuation of benefits in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penaltySection 6(e)(iv).

Appears in 6 contracts

Sources: Employment Agreement (TreeHouse Foods, Inc.), Employment Agreement (TreeHouse Foods, Inc.), Employment Agreement (TreeHouse Foods, Inc.)

No Mitigation; No Offset. In the event of any a termination of Executive’s employment under Section 6for any reason, the Executive shall not be under no obligation required to seek other employment or to mitigate any of the Company’s obligations under this Agreement, and there except as otherwise provided in this Agreement, no amount payable under Section 5 shall be no offset reduced by (a) any claim the Company may assert against amounts due to Executive or (b) any compensation or benefits earned by Executive as a result of employment by another employer, self-employment or from any other source after such termination of employment with the Executive on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penaltyCompany.

Appears in 6 contracts

Sources: Employment Agreement (JELD-WEN Holding, Inc.), Employment Agreement (JELD-WEN Holding, Inc.), Employment Agreement (JELD-WEN Holding, Inc.)

No Mitigation; No Offset. In the event of any termination of employment under this Section 65, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive under this Agreement on account of any remuneration attributable to received by the Executive from any subsequent employment that the Executive may obtain. Any amounts payable to the Executive are employer, except as provided in the nature of severance payments, Sections 5(c)(ii) or liquidated damages, or both, and are not in the nature of a penalty5(e)(ii).

Appears in 6 contracts

Sources: Employment Agreement (Datascension Inc), Employment Agreement (Datascension Inc), Employment Agreement (Citizens Banking Corp)

No Mitigation; No Offset. In the event of any termination of employment under this Section 65, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive he may obtain. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 5 contracts

Sources: Executive Employment Agreement (New Ulm Telecom Inc), Executive Employment Agreement (New Ulm Telecom Inc), Executive Employment Agreement (New Ulm Telecom Inc)

No Mitigation; No Offset. In the event of any termination of employment under this Section 65, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 5 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 5 contracts

Sources: Employment Agreement (Medicor LTD), Employment Agreement (Medicor LTD), Employment Agreement (Medicor LTD)

No Mitigation; No Offset. In the event of any termination of employment under Section 6this SECTION 7, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this SECTION 7 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 4 contracts

Sources: Employment Agreement (Station Casinos Inc), Employment Agreement (Station Casinos Inc), Employment Agreement (Station Casinos Inc)

No Mitigation; No Offset. In the event of any termination of employment under this Section 6, the Executive shall be under no obligation to seek other employment or to mitigate damages and there shall be no offset against any amounts due to the Executive under this Agreement for any reason, including, without limitation, on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 6 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 4 contracts

Sources: Employment Agreement (Long Island Bancorp Inc), Employment Agreement (Long Island Bancorp Inc), Employment Agreement (Long Island Bancorp Inc)

No Mitigation; No Offset. In the event of any termination of employment under Section 6employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 6 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 4 contracts

Sources: Employment Agreement (Urban One, Inc.), Employment Agreement (Radio One Inc), Employment Agreement (Radio One Inc)

No Mitigation; No Offset. In the event of any termination of employment under Section 6Sections 6 or 7, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 3 contracts

Sources: Executive Employment Agreement (Station Casinos Inc), Executive Employment Agreement (Station Casinos Inc), Executive Employment Agreement (Station Casinos Inc)

No Mitigation; No Offset. In the event of any termination of employment under this Section 6, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to due under this Section 6, with the Executive exception of the Deferred Payment, are in the nature of severance payments, or liquidated damages, or both, and in no event are not either such severance payments, liquidated damages or the Deferred Payment in the nature of a penalty.

Appears in 2 contracts

Sources: Employment Agreement (Ascent Assurance Inc), Employment Agreement (Ascent Assurance Inc)

No Mitigation; No Offset. In the event of any termination of employment under this Section 6, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive he may obtain. Any amounts payable obtain except as specifically provided with regard to the Executive are continuation of benefits in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penaltySection 6(e)(vi).

Appears in 2 contracts

Sources: Employment Agreement (TreeHouse Foods, Inc.), Employment Agreement (TreeHouse Foods, Inc.)

No Mitigation; No Offset. In the event of any the termination of employment under Section 6Executive's employment, the Executive he shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive hereunder on account of any remuneration attributable to the Executive may obtain from any subsequent employment that the Executive may obtain(except as expressly provided in Section 9(a)(iii) hereof). Any amounts payable to due the Executive hereunder upon termination are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 2 contracts

Sources: Employment Agreement (Alterra Healthcare Corp), Employment Agreement (Alterra Healthcare Corp)

No Mitigation; No Offset. In the event of any termination of the Executive's employment under this Section 65, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtainobtain from any subsequent employment. Any amounts payable to the Executive due under this Section 5 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 2 contracts

Sources: Employment Agreement (Lennar Corp /New/), Employment Agreement (Lennar Corp /New/)

No Mitigation; No Offset. In the event of any termination of employment under this Section 6, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 6 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 2 contracts

Sources: Employment Agreement (Commodore Media Inc), Employment Agreement (Capstar Broadcasting Partners Inc)

No Mitigation; No Offset. In the event of any termination of employment under Section 6employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 6 are in the nature of severance payments, or liquidated damages, or both, and in no event are not either such severance payments or liquidated damages in the nature of a penalty.

Appears in 2 contracts

Sources: Employment Agreement (Ascent Assurance Inc), Employment Agreement (Ascent Assurance Inc)

No Mitigation; No Offset. In the event of any termination of employment under this Section 6, the Executive shall be under no obligation to seek other employment or to mitigate damages and there shall be no offset against any amounts due to the Executive under this Agreement for any reason, including, without limitation, on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 6 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 2 contracts

Sources: Employment Agreement (Sis Bancorp Inc), Employment Agreement (Sis Bancorp Inc)

No Mitigation; No Offset. In the event of any termination of employment under this Section 65, the Executive shall be under no obligation to seek other employment employment, and there shall be no offset against amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive he may obtain. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 2 contracts

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

No Mitigation; No Offset. In the event of any termination of employment or Change in Control Payment due under this Section 6, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 6 are in the nature of severance payments, or liquidated damages, or both, and in no event are not either such severance payments or liquidated damages in the nature of a penalty.

Appears in 2 contracts

Sources: Employment Agreement (Ascent Assurance Inc), Employment Agreement (Ascent Assurance Inc)

No Mitigation; No Offset. In the event of any termination of employment under this Section 65, the Executive shall be under no obligation to seek other employment employment, and there shall be no offset against amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive he may obtain. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Employment Agreement (Reliant Energy Resources Corp)

No Mitigation; No Offset. In the event of any termination of the Executive’s employment under Section 6hereunder, the Executive shall be under no obligation to seek other employment or otherwise mitigate the obligations of the Company or its Affiliates under this Agreement, and there shall be no offset against amounts or benefits due to the Executive under this Agreement or otherwise (except as expressly set forth in Section 5.3(b)(iii) above) on account of any remuneration attributable to any subsequent employment that or other benefit earned or received by the Executive may obtainafter such termination. Any amounts payable due under this Section 5 are considered to be reasonable by the Executive are in the nature of severance payments, or liquidated damages, or both, Company and are not in the nature of a penalty.

Appears in 1 contract

Sources: Employment Agreement (Athene Holding LTD)

No Mitigation; No Offset. In the event of any termination of employment resulting in payments under this Section 65, the Executive shall be under no obligation to need not seek other employment and and, except as expressly provided herein, there shall be no offset against amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive he may obtain. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Special Compensation and Non Compete Agreement (Sprint Corp)

No Mitigation; No Offset. In the event of any a termination of Executive’s employment under Section 6for any reason, the Executive shall not be under no obligation required to seek other employment or to mitigate any of the Company’s obligations under this Agreement, and there except as otherwise provided in this Agreement, no amount payable under Section 6 shall be no offset reduced by (a) any claim the Company may assert against amounts due to the Executive on account or (b) any compensation or benefits earned by Executive as a result of employment by another employer, self-employment or from any remuneration attributable to any subsequent other source after such termination of employment that with the Executive may obtain. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penaltyCompany.

Appears in 1 contract

Sources: Management Agreement (Computer Sciences Corp)

No Mitigation; No Offset. In the event of any termination of the Executive’s employment under Section 6Sections 6 or 7, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive under Sections 6 or 7 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Executive Employment Agreement (Station Casinos Inc)

No Mitigation; No Offset. In the event of any termination of employment under this Section 6, the Executive shall be under no obligation to seek other employment and and, except to the extent provided in Section 14(c) hereof, there shall be no offset against amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive he may obtain. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Employment Agreement (Nabisco Inc)

No Mitigation; No Offset. In the event of any a termination of Executive’s employment under Section 6for any reason, the Executive shall not be under no obligation required to seek other employment or to mitigate any of the Company’s obligations under this Agreement, and there except as otherwise provided in this Agreement, no amount payable under Section 5 shall be no offset reduced by (a) any claim the Company may assert against amounts due to Executive or (b) any compensation or benefits earned by Executive as a result of employment by another employer, self-employment or from any other source after such termination of employment with the Executive on account of any remuneration attributable to any subsequent employment that the Executive may obtainCompany. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.11

Appears in 1 contract

Sources: Employment Agreement (JELD-WEN Holding, Inc.)

No Mitigation; No Offset. In the event of any termination of ------------------------ employment under Section 65, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under Section 5 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Employment Agreement (Metatools Inc)

No Mitigation; No Offset. In the event of any termination of employment under Section 6SECTIONS 6 OR 7, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Executive Employment Agreement (Station Casinos Inc)

No Mitigation; No Offset. In the event of any termination of employment under this Section 65, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 5 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Employment Agreement (Texas New Mexico Power Co)

No Mitigation; No Offset. In the event of any termination of employment resulting in payments under this Section 65, the Executive shall be under no obligation to need not seek other employment and and, except as expressly provided herein, there shall be no offset against amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Employment Agreement (Embarq CORP)

No Mitigation; No Offset. In the event of any termination of the Executive's employment under Section 6Sections 6 or 7, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive under Sections 6 or 7 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Executive Employment Agreement (Station Casinos Inc)

No Mitigation; No Offset. In the event of any termination of ------------------------ employment under this Section 65, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive he may obtain. Any amounts payable to the Executive are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Employment Agreement (Lockheed Martin Corp)

No Mitigation; No Offset. In the event of any termination of employment ------------------------ under Section 65, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under Section 5 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Employment Agreement (Metatools Inc)

No Mitigation; No Offset. In the event of any termination of employment under Section 6------------------------ employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 6 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Employment Agreement (Radio One Inc)

No Mitigation; No Offset. In the event of any termination of employment under this Section 6, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to paid or payable the Executive under this Agreement EXECUTION COPY on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 6 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Employment Agreement (Aris Industries Inc)

No Mitigation; No Offset. In the event of any termination of employment under this Section 6, the Executive shall be under no obligation to seek other employment and there shall be no offset against any amounts due to the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts payable to the Executive due under this Section 6 are in the nature of severance paymentspayment, or liquidated damages, or both, and are not in the nature of a penalty.

Appears in 1 contract

Sources: Employment Agreement (Tokheim Corp)