Common use of Mitigation; Exclusivity of Benefits Clause in Contracts

Mitigation; Exclusivity of Benefits. (a) In the event that the Employers are required to make payments to the Executive pursuant to Section 5 hereof in connection with a termination of Executive's employment for other than Good Reason, the cash severance amount required to be paid by the Employers shall be reduced during each year that such payments are required to be made by 50% of any payments made to the Executive by any other employer. In all other circumstances, 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.

Mitigation; Exclusivity of Benefits. (a) In the event that the Employers are Employer is required to make payments to the Executive pursuant to Section 5 hereof in connection with a termination of Executive's employment for other than Good Reason, the cash severance amount required to be paid by the Employers Employer shall be reduced during each year that such payments are required to be made by 50% of any payments made to the Executive by any other employer. In all other circumstances, 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.