Common use of Mitigation; Exclusivity of Benefits Clause in Contracts

Mitigation; Exclusivity of Benefits. (a) The Officer shall not be required to mitigate the amount of any benefits hereunder by seeking other employment or otherwise. However, the amount of severance compensation payable by the Employer under Section 2(c)(A) shall be reduced to the extent the Officer earns compensation from any source for services rendered by the Officer within one year following the Date of Termination.

Mitigation; Exclusivity of Benefits. (a) The Officer shall not be required to mitigate the amount of any severance benefits hereunder by seeking other employment or otherwise. However, nor shall the amount of severance compensation payable by the Employer under Section 2(c)(A) shall any such benefits be reduced to the extent the Officer earns by any compensation from any source for services rendered earned by the Officer within one year following as a result of employment by another employer after the Date of Termination, except as set forth in Section 5(d)(B) above and Section 22(b) below.