Mitigation of Damages by Lamb if University Terminates Without Cause Sample Clauses

Mitigation of Damages by Lamb if University Terminates Without Cause. Notwithstanding the provisions of the above paragraph, Lamb specifically agrees to mitigate the University’s obligations to pay liquidated damages under the above section and to make reasonable and diligent efforts to obtain reasonably comparable employment, as soon as possible after notice of intent to terminate, or notice of reassignment of this agreement. Once Lamb obtains new employment he shall be immediately obligated to notify the University of such as soon as possible, in writing, with the University’s financial obligations under this Agreement, including the above section, to be reduced thereby, and if reduced to zero ($-0- ), then to cease upon the starting date of Lamb’s new employment or upon the expiration of the contract, whichever occurs first. In any event, upon Lamb obtaining subsequent reemployment, the benefits portion of the liquidated damages shall cease entirely and Lamb’s duty to mitigate that portion of the liquidated damages shall cease as well.
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