Common use of Mitigation; Exclusivity of Benefits Clause in Contracts

Mitigation; Exclusivity of Benefits. (a) The Executive, unless his employment is terminated for Disability, Retirement, death, a Change in Control of the Corporation or pursuant to Section 5(d)(ii) hereof, shall be required to mitigate the amount of any payments and benefits hereunder by seeking other employment or otherwise. In the event that the Executive obtains other employment during the period that the Executive is receiving payments pursuant to Section 5(d)(i) hereof, the cash amounts to be paid to the Executive pursuant thereto shall be reduced by any compensation received by the Executive as a result of employment by another employer after the Date of Termination, unless the termination was in connection with a Change in Control of the Corporation. (b) The specific arrangements referred to herein are not intended to exclude any other benefits which may be available to the Executive upon a termination of employment with the Employer pursuant to employee benefit plans of the Employer or otherwise.

Mitigation; Exclusivity of Benefits. (a) The Executive, unless his employment is terminated for Disability, Retirement, death, a Change in Control of the Corporation or pursuant to Section 5(d)(ii) hereof, shall be required to mitigate the amount of any payments and benefits hereunder by seeking other employment or otherwise. In the event that the Executive obtains other employment during the period that the Executive is receiving payments pursuant to Section 5(d)(i) hereof, the cash amounts to be paid to the Executive pursuant thereto shall be reduced by any compensation received by the Executive as a result of employment by another employer after the Date of Termination, unless the termination was in connection with a Change in Control of the Corporation. (b) The specific arrangements referred to herein are not intended to exclude any other benefits which may be available to the Executive upon a termination of employment with the Employer Employers pursuant to employee benefit plans of the Employer Employers or otherwise.

Mitigation; Exclusivity of Benefits. (a) The Executive, unless his employment is terminated for Disability, Retirement, death, a Change in Control of the Corporation or pursuant to Section 5(d)(ii) hereof, shall be required to mitigate the amount of any payments and benefits hereunder by seeking other employment or otherwise. In the event that the Executive obtains other employment during the period that the Executive is receiving payments pursuant to Section 5(d)(i) hereof, the cash amounts to be paid to the Executive pursuant thereto shall be reduced by any compensation received by the Executive as a result of employment by another employer after the Date of Termination, unless the termination was in connection with a Change in Control of the Corporation. (b) The specific arrangements referred to herein are not intended to exclude any other benefits which may be available to the Executive upon a termination of employment with the Employer pursuant to employee benefit plans of the Employer or otherwise.