Common use of WARN Act Offset Clause in Contracts

WARN Act Offset. In the event that Executive’s termination by the Company with or without Cause is covered by the Worker Adjustment and Retraining Notification Act or similar state law (the “WARN Act “) at the time of Executive’s termination, or is deemed to be covered by the WARN Act retrospectively after Executive’s termination, the amount of any severance payments Executive may be entitled to receive under this Agreement shall be reduced by an amount equal to any payments the Company is required to provide Executive under the WARN Act and/or by the amount of pay Executive receives during any portion of the WARN Act’s notice period where Executive does not perform any work for the Company.