Common use of No Duty to Mitigate Damages Clause in Contracts

No Duty to Mitigate Damages. Executive's benefits under this Agreement shall be considered severance pay in consideration of his past service and his continued service from the date of this Agreement, and his entitlement thereto shall neither be governed by any duty to mitigate his damages by seeking further employment nor offset by any compensation that he may receive from future employment, except as provided in Section 1.1(b).

Appears in 2 contracts

Samples: Severance Agreement (Cyrk Inc), Severance Agreement (Cyrk Inc)

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No Duty to Mitigate Damages. Executive's benefits under this Agreement shall be considered severance pay in consideration of his past service and his continued service from the date of this Agreement, and his entitlement thereto shall neither be governed by any duty to mitigate his damages by seeking further employment nor offset by any compensation that he may receive from future employment, except as provided in Section 1.1(b1.1 (b).

Appears in 1 contract

Samples: Change of Control Agreement (Cyrk Inc)

No Duty to Mitigate Damages. Executive's benefits under this Agreement shall be considered severance pay in consideration of his her past service and his her continued service from the date of this Agreement, and his her entitlement thereto shall neither be governed by any duty to mitigate his her damages by seeking further employment nor offset by any compensation that he which she may receive from future employment, except as provided in Section 1.1(b).

Appears in 1 contract

Samples: Employment Agreement (TJX Companies Inc /De/)

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No Duty to Mitigate Damages. The Executive's benefits under this Agreement shall be considered severance pay in consideration of his past service service, and his continued service from the date of as an inducement to him to enter into and become bound by this Agreement, and his entitlement thereto shall neither be governed by any duty to mitigate his damages by seeking further employment nor offset by any compensation that he may receive from future employmentemployment nor is it dependent upon whether or not the Executive provides services of any type to, except or continues to serve as provided in Section 1.1(b)a member of the Board of Directors of, the Company or any Subsidiary.

Appears in 1 contract

Samples: Severance Agreement (Cyrk Inc)

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