Common use of Mitigation and Set-Off Clause in Contracts

Mitigation and Set-Off. Executive shall not be required to mitigate Executive's damages by seeking other employment or otherwise. Except as provided in Section 1(c) of this Agreement, the Company's obligations under this Agreement shall not be reduced in any way by reason of any compensation or benefits received (or foregone) by Executive from sources other than the Company after Executive's Employment Termination, or any amounts that might have been received by Executive in other employment had Executive sought such other employment. Executive's entitlement to benefits and coverage under this Agreement shall continue after, and shall not be affected by, Executive's obtaining other employment after his Employment Termination, provided that any such benefit or coverage shall not be furnished if Executive expressly waives the specific benefit or coverage by giving written notice of waiver to the Company.

Appears in 3 contracts

Samples: Employment Security Agreement (Consolidated Communications Holdings, Inc.), Employment Security Agreement (Consolidated Communications Holdings, Inc.), Employment Security Agreement (Consolidated Communications Holdings, Inc.)

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Mitigation and Set-Off. Executive shall not be required to mitigate Executive's ’s damages by seeking other employment or otherwise. Except as provided in Section Sections 1(c) and 2(c) of this Agreement, the Company's ’s obligations under this Agreement shall not be reduced in any way by reason of any compensation or benefits received (or foregone) by Executive from sources other than the Company after Executive's ’s Employment Termination, or any amounts that might have been received by Executive in other employment had Executive sought such other employment. Executive's ’s entitlement to benefits and coverage under this Agreement shall continue after, and shall not be affected by, Executive's ’s obtaining other employment after his Employment Termination, provided that any such benefit or coverage shall not be furnished if Executive expressly waives the specific benefit or coverage by giving written notice of waiver to the Company.

Appears in 3 contracts

Samples: Employment Security Agreement (Consolidated Communications Holdings, Inc.), Employment Security Agreement (Consolidated Communications Holdings, Inc.), Employment Security Agreement (Consolidated Communications Holdings, Inc.)

Mitigation and Set-Off. Executive shall not be required to mitigate Executive's ’s damages by seeking other employment or otherwise. Except as provided in Section 1(c) of this Agreement, the Company's ’s obligations under this Agreement shall not be reduced in any way by reason of any compensation or benefits received (or foregone) by Executive from sources other than the Company after Executive's ’s Employment Termination, or any amounts that might have been received by Executive in other employment had Executive sought such other employment. Executive's ’s entitlement to benefits and coverage under this Agreement shall continue after, and shall not be affected by, Executive's ’s obtaining other employment after his Employment Termination, provided that any such benefit or coverage shall not be furnished if Executive expressly waives the specific benefit or coverage by giving written notice of waiver to the Company.

Appears in 2 contracts

Samples: Employment Security Agreement, Employment Security Agreement (Consolidated Communications Holdings, Inc.)

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Mitigation and Set-Off. Executive shall not be required to mitigate Executive's damages by seeking other employment or otherwise. Except , except as provided in Section 1(c) of this Agreement, the 2(c). The Company's obligations under this Agreement shall not be reduced in any way by reason of any compensation or benefits received (or foregone) by Executive from sources other than the Company after Executive's Employment Termination, or any amounts that might have been received by Executive in other employment had Executive sought such other employment, except as provided in Section 2(c). Executive's entitlement to benefits and coverage under this Agreement shall continue after, and shall not be affected by, Executive's obtaining other employment after his the Employment Termination, provided that any such benefit or coverage shall not be furnished if Executive expressly waives the specific benefit or coverage by giving written notice of waiver to the Company.

Appears in 1 contract

Samples: Control Agreement (Heller Financial Inc)

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