Common use of Mitigation; Exclusivity of Benefits Clause in Contracts

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, except as set forth in Section 5(d)(B) above. (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 Association pursuant to employee benefit plans of the Association or the Corporation or otherwise.

Appears in 5 contracts

Samples: Employment Agreement (Home Federal Bancorp, Inc. Of Louisiana), Employment Agreement (Home Federal Bancorp, Inc. Of Louisiana), Employment Agreement (Home Federal Bancorp, Inc. Of Louisiana/La)

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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, except as set forth in Section 5(d)(B) above. (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 Association Corporation pursuant to employee benefit plans of the Association Corporation or the Corporation Association or otherwise.

Appears in 3 contracts

Samples: Employment Agreement (Home Federal Bancorp, Inc. Of Louisiana/La), Employment Agreement (Home Federal Bancorp, Inc. Of Louisiana/La), Employment Agreement (Home Federal Bancorp, Inc. Of Louisiana)

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, except as set forth in Section 5(d)(B5(d)(ii) above. (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 Association Corporation pursuant to employee benefit plans of the Association or the Corporation or otherwise.

Appears in 1 contract

Samples: Employment Agreement (State Investors 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 or otherwise, except as set forth in Section 5(d)(B5(d)(2) above. (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 Association pursuant to employee benefit plans of the Association or the Corporation Employer or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Home Bancorp, Inc.)

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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 Corporation after the Date of Termination or otherwise, except as set forth in Section 5(d)(B5(d)(ii) above. (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 Association Corporation pursuant to employee benefit plans of the Association or the Corporation or otherwise.

Appears in 1 contract

Samples: Employment Agreement (State Investors Bancorp, Inc.)

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