Common use of Offset of Payments Clause in Contracts

Offset of Payments. You authorize the Company, where permitted by applicable law and Section 409A of the Code, to offset any payment the Company owes you by the amount determined by the Company to be owed by you to the Company.

Appears in 4 contracts

Sources: Employment Agreement (Systemax Inc), Employment Agreement (Systemax Inc), Employment Agreement (Systemax Inc)