Common use of No Mitigation or Offset Clause in Contracts

No Mitigation or Offset. The Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise. The Company shall not be entitled to set off against the amounts payable to the Executive under this Agreement any amounts earned by the Executive in other employment after termination of employment with the Company, or any amounts which might have been earned by the Executive in other employment had such other employment been sought.

Appears in 33 contracts

Sources: Employment Agreement (Annaly Capital Management Inc), Employment Agreement (Annaly Capital Management Inc), Employment Agreement (CYS Investments, Inc.)

No Mitigation or Offset. The Executive shall not be required to mitigate the amount of any Company payment provided for in this Agreement by seeking other employment or otherwise. The amount of any payment required to be paid to Executive by the Company pursuant to this Agreement shall not be entitled to set off against the reduced by any amounts payable that are owed to the Executive under this Agreement any amounts earned Company by the Executive in other employment after termination of employment with the CompanyExecutive, or by any amounts which might have been earned by the Executive in setoff, counterclaim, recoupment, defense or other employment had such other employment been soughtclaim, right or action.

Appears in 21 contracts

Sources: Employment Agreement (Conrad Industries Inc), Employment Agreement (Reptron Electronics Inc), Employment Agreement (Conrad Industries Inc)

No Mitigation or Offset. The Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Agreement by seeking other employment or otherwise. The Company Further, there shall not be entitled to set off no offset against the amounts any amount or benefit payable to the Executive under this Agreement any amounts earned by the Executive in other employment after or provided hereunder following Executive’s termination of employment solely by reason of his employment with the Company, or any amounts which might have been earned by the Executive in other employment had such other employment been soughtanother employer.

Appears in 10 contracts

Sources: Employment Agreement (Penns Woods Bancorp Inc), Employment Agreement (Penns Woods Bancorp Inc), Employment Agreement (Penns Woods Bancorp Inc)

No Mitigation or Offset. The Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Agreement by seeking other employment or otherwise. The Company Further, there shall not be entitled to set off no offset against the amounts any amount or benefit payable to the Executive under this Agreement any amounts earned by the Executive in other employment after or provided hereunder following Executive’s termination of employment solely by reason of Executive’s employment with the Company, or any amounts which might have been earned by the Executive in other employment had such other employment been soughtanother employer.

Appears in 5 contracts

Sources: Employment Agreement (Penns Woods Bancorp Inc), Employment Agreement (Penns Woods Bancorp Inc), Employment Agreement (Penns Woods Bancorp Inc)

No Mitigation or Offset. The Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Agreement by seeking other employment or otherwise. The Company Further, there shall not be entitled to set off no offset against any amount payable or provided hereunder following the amounts payable to the Executive under this Agreement any amounts earned by the Executive in other employment after Executive’s termination of employment solely by reason of his employment with the Company, or any amounts which might have been earned by the Executive in other employment had such other employment been soughtanother employer.

Appears in 3 contracts

Sources: Employment Agreement (Lmi Holdings Inc), Executive Employment Agreement (Lmi Holdings Inc), Employment Agreement (Lmi Holdings Inc)

No Mitigation or Offset. The Executive shall is not be required to mitigate the amount of any payment provided for in this Agreement by seeking seek other employment or otherwise. The otherwise mitigate the payment obligations of the Company shall not pursuant to this Agreement, nor will any such payments be entitled to set off against the amounts payable to reduced by any earnings the Executive under this Agreement may receive from any amounts earned by the Executive in other employment after termination of employment with the Company, or any amounts which might have been earned by the Executive in other employment had such other employment been soughtsource.

Appears in 2 contracts

Sources: Employment Agreement (Emerald Holding, Inc.), Employment Agreement (Emerald Expositions Events, Inc.)

No Mitigation or Offset. The Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise. The Company , nor shall not be entitled to set off against the amounts payable to the Executive under amount of any payment or benefit provided for in this Agreement be reduced by any amounts compensation earned by the Executive in other employment after termination as the result of employment with the Company, by another employer or any amounts which might have been earned by pension benefits paid by the Company or another employer after the date of termination or otherwise except that on the date that the Executive in other employment had such other employment been soughtand his dependents are eligible and elect coverage under the plans of a subsequent employer which provide substantially equivalent or greater benefits to the Executive and his dependents.

Appears in 2 contracts

Sources: Employment Agreement (Lightpath Technologies Inc), Employment Agreement (Stuart Entertainment Inc)

No Mitigation or Offset. The Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Agreement by seeking other employment or otherwise. The Company Further, there shall not be entitled to set off no offset against any amount or benefit payable or provided hereunder following the amounts payable to the Executive under this Agreement any amounts earned by the Executive in other employment after Executive’s termination of employment solely by reason of his employment with the Company, or any amounts which might have been earned by the Executive in other employment had such other employment been soughtanother employer.

Appears in 2 contracts

Sources: Employment Agreement (Lmi Holdings Inc), Employment Agreement (Lmi Holdings Inc)

No Mitigation or Offset. The Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Agreement by seeking other employment or otherwise. The Company Further, there shall not be entitled to set off no offset against the amounts any amount or benefit payable to the Executive under this Agreement any amounts earned by the Executive in other employment after or provided hereunder following Executive’s termination of employment solely by reason of her employment with the Company, or any amounts which might have been earned by the Executive in other employment had such other employment been soughtanother employer.

Appears in 2 contracts

Sources: Employment Agreement (Penns Woods Bancorp Inc), Employment Agreement (Penns Woods Bancorp Inc)

No Mitigation or Offset. The Executive shall not be required is under no obligation to mitigate damages or the amount of any payment or benefit provided for in under this Agreement by seeking other employment or otherwise. The Company shall not be entitled to set off against Except as otherwise expressly provided in the Retention Agreement, any and all amounts payable and benefits to be provided by the Company to the Executive under the terms of this Agreement any will not be subject to set-off or counterclaim for amounts earned claimed by the Executive in other employment after termination of employment with the Company, or any amounts which might have been earned Company to be owed to it by the Executive in other employment had such other employment been soughtExecutive.

Appears in 1 contract

Sources: Retention Agreement (MTC Technologies Inc)

No Mitigation or Offset. The Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Agreement by seeking other employment or otherwise. The Company Further, there shall not be entitled to set off no offset against any amount payable or provided hereunder following the amounts payable to the Executive under this Agreement any amounts earned by the Executive in other employment after Executive’s termination of employment solely by reason of her employment with the Company, or any amounts which might have been earned by the Executive in other employment had such other employment been soughtanother employer.

Appears in 1 contract

Sources: Employment Agreement (Lmi Holdings Inc)

No Mitigation or Offset. The Executive shall not be required to mitigate the amount of any Company payment provided for in this Agreement by seeking other employment or otherwise. The amount of any payment required to be paid to Executive by the Company pursuant to this Agreement shall not be entitled to set off against the reduced by any amounts payable that are owed to the Executive under this Agreement any amounts earned Company or CLC by the Executive in other employment after termination of employment with the CompanyExecutive, or by any amounts which might have been earned by the Executive in setoff, counterclaim, recoupment, defense or other employment had such other employment been soughtclaim, right or action.

Appears in 1 contract

Sources: Employment Agreement (Chemical Logistics Corp)

No Mitigation or Offset. The Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise. The Company shall not be entitled to set off against the amounts payable to the Executive under this Agreement any amounts earned by the Executive in other employment after termination of employment with the Companya Severance Event, or any amounts which might have been earned by the Executive in other employment had such other employment been sought.

Appears in 1 contract

Sources: Severance and Noncompetition Agreement (Annaly Capital Management Inc)