Right of Offset Clause Example from Business Contracts

This example Right of Offset clause appears in 2 contracts from 1 company

Right of Offset. Notwithstanding any other provision of the Plan or the Agreement, the Corporation may reduce the amount of any payment otherwise payable to or on behalf of the Participant by the amount of any obligation of the Participant to the Corporation, and the Participant shall be deemed to have consented to such reduction.