Common use of No Duty of Mitigation Clause in Contracts

No Duty of Mitigation. Executive shall not be required to mitigate the amount of any payment of severance benefits if he accepts other compensation for employment with another entity.

Appears in 3 contracts

Samples: Employment Agreement (Sterling Bancorp, Inc.), Employment Agreement (Sun Bancorp Inc /Nj/), Employment Agreement (Sun Bancorp Inc /Nj/)

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No Duty of Mitigation. Executive shall not be required to mitigate the amount of any payment of severance benefits Severance Payments if he accepts other compensation for employment with another entity.

Appears in 1 contract

Samples: Employment Agreement (Sun Bancorp Inc /Nj/)

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No Duty of Mitigation. Executive shall not be required to mitigate the amount of any payment of severance benefits Severance Payments or Benefits Payment if he accepts other compensation for employment with another entity.

Appears in 1 contract

Samples: Employment Agreement (Sun Bancorp Inc /Nj/)

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