Common use of Mitigation; Exclusivity of Benefits Clause in Contracts

Mitigation; Exclusivity of Benefits. The Executive shall not be required to mitigate the amount of any benefits hereunder by seeking other employment or otherwise, nor shall the amount of any such benefits be reduced by any compensation earned by the Executive as a result of employment by another employer after the Termination Date or otherwise.

Appears in 19 contracts

Samples: Employment Agreement (Anchor Bancorp Wisconsin Inc), Employment Agreement (St Francis Capital Corp), Employment Agreement (St Francis Capital Corp)

AutoNDA by SimpleDocs

Mitigation; Exclusivity of Benefits. a) The Executive shall not be required to mitigate the amount of any benefits hereunder by seeking other employment or otherwise, nor shall the amount of any such benefits be reduced by any compensation earned by the Executive as a result of employment by another employer after the Date of Termination Date or otherwise. 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 Employers pursuant to employee benefit plans of the Employers or otherwise.

Appears in 16 contracts

Samples: Employment Agreement (CFS Bancorp Inc), Employment Agreement (CFS Bancorp Inc), Employment Agreement (CFS Bancorp Inc)

Mitigation; Exclusivity of Benefits. (a) The Executive shall not be required to mitigate the amount of any benefits hereunder by seeking other employment or otherwise, nor shall the amount of any such benefits be reduced by any compensation earned by the Executive as a result of employment by another employer after the Date of Termination Date or otherwise. (b) The specific arrangements referred to herein are not intended to exclude any other benefits that may be available to the Executive upon a termination of employment with the Companies pursuant to employee benefit plans of the Companies or otherwise.

Appears in 11 contracts

Samples: Employment Agreement (Premier Financial Corp), Employment Agreement (First Defiance Financial Corp), Employment Agreement (First Defiance Financial Corp)

Mitigation; Exclusivity of Benefits. (a) The Executive shall not be required to mitigate the amount of any benefits hereunder by seeking other employment or otherwise, nor shall the amount of any such benefits be reduced by any compensation earned by the Executive as a result of employment by another employer after the Date of Termination Date or otherwise. (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 Bank pursuant to employee benefit plans of the Bank or otherwise.

Appears in 4 contracts

Samples: Employment Agreement (Quaint Oak Bancorp Inc), Employment Agreement (Quaint Oak Bancorp Inc), Employment Agreement (Quaint Oak Bancorp Inc)

Mitigation; Exclusivity of Benefits. (a) The Executive shall not be required to mitigate the amount of any benefits hereunder by seeking other employment or otherwise, nor shall the amount of any such benefits be reduced by any compensation earned by the Executive as a result of employment by another employer after the Date of Termination Date or otherwise. (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 Companies pursuant to employee benefit plans of the Companies or otherwise.

Appears in 2 contracts

Samples: Employment Agreement (First Defiance Financial Corp), Employment Agreement (First Defiance Financial Corp)

Mitigation; Exclusivity of Benefits. (a) The Executive shall not be required to mitigate the amount of any benefits hereunder by seeking other employment or otherwise, nor shall the amount of any such benefits be reduced by any compensation earned by the Executive as a result of employment by another employer after the Termination Date date of termination or otherwise. (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 Employers pursuant to employee benefit plans of the Employers or otherwise.

Appears in 1 contract

Samples: Confidentiality and Non Competition Agreement (F&m Bancorp)

AutoNDA by SimpleDocs

Mitigation; Exclusivity of Benefits. (a) The Executive shall not be required to mitigate the amount of any benefits hereunder by seeking other employment or otherwise, nor shall the amount of any such benefits be reduced by any compensation earned by the Executive as a result of employment by another employer after the Date of Termination Date or otherwise. (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 Employers or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Uscb Financial Holdings, Inc.)

Mitigation; Exclusivity of Benefits. a) The Executive shall not be required to mitigate the amount of any benefits hereunder by seeking other employment or otherwise, nor shall the amount of any such benefits be reduced by any compensation earned by the Executive as a result of employment by another employer after the Date of Termination or otherwise so long as the Executive has not breached this Agreement. In the event of any breach of this Agreement by the Executive following the Date or otherwise.of Termination, the Executive shall immediately repay to the Bank all severance payments paid to him under

Appears in 1 contract

Samples: Employment Agreement (CFS Bancorp Inc)

Mitigation; Exclusivity of Benefits. (a) The Executive shall not be required to mitigate the amount of any benefits hereunder by seeking other employment or otherwise, nor shall the amount of any such benefits be reduced by any compensation earned by the Executive as a result of employment by another employer after the Date of Termination Date or otherwise. (b) The specific arrangements referred to herein are not intended to exclude any other vested benefits which may be available to the Executive upon a termination of employment with the Employer pursuant to employee benefit plans of the Bank or otherwise.

Appears in 1 contract

Samples: Transition Agreement (Home Federal Bancorp, Inc. Of Louisiana)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!