Common use of Mitigation; Exclusivity of Benefits Clause in Contracts

Mitigation; Exclusivity of Benefits. (a) Unless the Executive's employment is terminated for Disability, Retirement, death or pursuant to Section 5(c)(ii) hereof, the Executive 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(c)(i)(A) hereof, the cash amounts to be paid to the Executive pursuant thereto shall be reduced by any cash compensation received by the Executive as a result of employment by another employer after the Date of Termination. (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, provided, however, that any cash compensation the Executive receives from sources other than the Employer shall serve to reduce the cash amount to be paid to the Executive pursuant to Section 5(c)(i)(A) hereof.

Mitigation; Exclusivity of Benefits. (a) Unless the Executive's employment is terminated for Disability, Retirement, death or pursuant to Section 5(c)(ii) hereof, the Executive 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(c)(i)(A) hereof, the cash amounts to be paid to the Executive pursuant thereto shall be reduced by any cash compensation received by the Executive as a result of employment by another employer after the Date of Termination. (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, provided, however, that any cash compensation the Executive receives from sources other than the Employer Employers shall serve to reduce the cash amount to be paid to the Executive pursuant to Section 5(c)(i)(A) hereof.

Mitigation; Exclusivity of Benefits. (a) Unless the Executive's employment is terminated for Disability, Retirement, death or pursuant to Section 5(c)(ii) hereof, the Executive 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(c)(i)(A) hereof, the cash amounts to be paid to the Executive pursuant thereto shall be reduced by any cash compensation received by the Executive as a result of employment by another employer after the Date of Termination. (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, provided, however, that any cash compensation salary the Executive receives from sources other than the Employer Employers shall serve to reduce the cash amount to be paid to the Executive pursuant to Section 5(c)(i)(A) hereof.

Mitigation; Exclusivity of Benefits. (a) Unless the Executive's employment is terminated for Disability, Retirement, death or pursuant to Section 5(c)(ii) hereof, the Executive executive 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(c)(i)(A) hereof, the cash amounts to be paid to the Executive pursuant thereto shall be reduced by any cash compensation received by the Executive as a result of employment by another employer after the Date of Termination. (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, provided, however, however that any cash compensation the Executive receives from sources other than the Employer Employers shall serve to reduce the cash amount to be paid to the Executive pursuant to Section 5(c)(i)(A) hereof.

Mitigation; Exclusivity of Benefits. (a) Unless the Executive's employment is terminated for Disability, Retirement, death or pursuant to Section 5(c)(ii) hereof, the Executive 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(c)(i)(A) hereof, the cash amounts to be paid to the Executive pursuant thereto shall be reduced by any cash compensation received by the Executive as a result of employment by another employer after the Date of Termination. (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 Bank pursuant to employee benefit plans of the Employer Bank or otherwise, provided, however, that any cash compensation the Executive receives from sources other than the Employer Bank's shall serve to reduce the cash amount to be paid to the Executive pursuant to Section 5(c)(i)(A) hereof.

Mitigation; Exclusivity of Benefits. (a) Unless the Executive's Executive employment is terminated for Disability, Retirement, death or pursuant to Section 5(c)(ii) hereof, the Executive 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(c)(i)(A) hereof, the cash amounts to be paid to the Executive pursuant thereto shall be reduced by any cash compensation received by the Executive as a result of employment by another employer after the Date of Termination. (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, provided, however, that any cash compensation the Executive receives from sources other than the Employer Employers shall serve to reduce the cash amount to be paid to the Executive pursuant to Section 5(c)(i)(A) hereof.