Common use of No Additional Severance Payments Clause in Contracts

No Additional Severance Payments. Except as provided in Section 4.3., 4.4. and this Section 7, the Executive shall not be entitled to any payments by the Company in the event of the termination of his employment by the Company. In such event, the Executive shall have no obligation to seek other employment to mitigate damages and any income earned by the Executive from other employment or self-employment shall not be offset against any of the Company's payment obligations under this Section 7.

Appears in 5 contracts

Samples: Employment Agreement (Samuels Jewelers Inc), Employment Agreement (Samuels Jewelers Inc), Employment Agreement (Samuels Jewelers Inc)

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No Additional Severance Payments. Except as for the payments provided in Section 4.3., 4.4. and this Section 7, the Executive shall not be entitled to any payments by the Company in the event of the termination of his employment by the Companyemployment. In such event, the Executive shall have no obligation to seek other employment to mitigate damages and any income earned by the Executive from other employment or self-employment shall not be offset against any of the Company's payment obligations under this Section 7.

Appears in 3 contracts

Samples: Employment Agreement (Barrys Jewelers Inc /Ca/), Employment Agreement (Barrys Jewelers Inc /Ca/), Employment Agreement (Barrys Jewelers Inc /Ca/)

No Additional Severance Payments. Except as for the payments provided in Section 4.3., 4.4. and this Section 78, the Executive shall not be entitled to any payments by the Company in the event of the termination of his employment by the Company. In such event, the Executive shall have no obligation to seek other employment to mitigate damages and any income earned by the Executive from other employment or self-employment shall not be offset against any of the Company's payment obligations under this Section 78.

Appears in 1 contract

Samples: Employment Agreement (Barrys Jewelers Inc /Ca/)

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No Additional Severance Payments. Except as for the payments provided in Section 4.3., 4.4. and this Section 7, the Executive shall not be entitled to any payments by the Company in the event of the termination of his employment by the Companyemployment. In such event, the Executive shall have no obligation to seek other employment to mitigate damages and any income earned by the Executive from other employment or self-employment shall not be offset against any of the Company's payment obligations under this Section 7.shall

Appears in 1 contract

Samples: Employment Agreement (Barrys Jewelers Inc /Ca/)

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