Common use of No Duty to Mitigate Losses Clause in Contracts

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his employment under circumstances which require Company to pay any amount to Executive pursuant to this Article 6. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 apply shall not reduce Company’s obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 6.

Appears in 25 contracts

Samples: Employment Agreement (Taylor & Martin Group Inc), Employment Agreement (Taylor & Martin Group Inc), Employment Agreement (Taylor & Martin Group Inc)

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No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his employment under circumstances which require Company to pay any amount to Executive pursuant to this Article 64. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 4 apply shall not reduce Company’s obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 64.

Appears in 25 contracts

Samples: Employment Agreement (Beacon Enterprise Solutions Group Inc), Employment Agreement (American Midstream Partners, LP), Employment Agreement (Oxford Resource Partners LP)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the his termination of his employment under circumstances which that require Company to pay any amount to Executive pursuant to this Article 6Articles 3, 4 or 5. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 Articles 3, 4 or 5 apply shall not reduce Company’s obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 6Articles 3, 4 or 5.

Appears in 18 contracts

Samples: Severance and Change in Control Agreement (Kbr, Inc.), Severance and Change of Control Agreement, Severance and Change of Control Agreement

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his employment under circumstances which require Company to pay any amount to Executive pursuant to this Article 6. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 apply shall not reduce Company’s 's obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 6.

Appears in 10 contracts

Samples: Employment Agreement (Sterling Bancshares Inc), Employment Agreement (Sterling Bancshares Inc), Employment Agreement (Seven Seas Petroleum Inc)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his Executive's employment under circumstances which that require Company to pay any amount to Executive pursuant to this Article 6IV. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his Executive's employment under circumstances pursuant to which this Article 6 IV apply shall not reduce Company’s 's obligation to make a payment to Executive (or the amount of any such payment) pursuant to the terms of this Article 6IV.

Appears in 8 contracts

Samples: Employment Agreement (Core Laboratories N V), Employment Agreement (Core Laboratories N V), Employment Agreement (Core Laboratories N V)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his Executive’s employment under circumstances which that require Company to pay any amount to Executive pursuant to this Article 6IV. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his Executive’s employment under circumstances pursuant to which this Article 6 apply IV applies shall not reduce Company’s obligation to make a payment to Executive (or the amount of any such payment) pursuant to the terms of this Article 6IV.

Appears in 8 contracts

Samples: Employment Agreement (Core Laboratories Inc. /DE/), Employment Agreement (Core Laboratories Inc. /DE/), Employment Agreement (Core Laboratories Inc. /DE/)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his or her employment under circumstances which require Company to pay any amount to Executive pursuant to this Article 64. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his or her employment under circumstances pursuant to which this Article 6 4 apply shall not reduce Company’s obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 64.

Appears in 5 contracts

Samples: Employment Agreement (American Midstream Partners, LP), Employment Agreement (American Midstream Partners, LP), Employment Agreement (American Midstream Partners, LP)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his employment under circumstances which require Company to pay any amount to Executive pursuant to this Article 64. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 apply 4 applies shall not reduce Company’s obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 64.

Appears in 4 contracts

Samples: Employment Agreement (Empire Petroleum Partners, LP), Employment Agreement (Empire Petroleum Partners, LP), Employment Agreement (Empire Petroleum Partners, LP)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his employment under circumstances which require Company to pay any amount to Executive pursuant to this Article 67. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 7 apply shall not reduce Company’s 's obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 67.

Appears in 4 contracts

Samples: Employment Agreement (Southwest Bancorp of Texas Inc), Employment Agreement (Southwest Bancorp of Texas Inc), Employment Agreement (Snyder Oil Corp)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his Executive’s employment under circumstances which that require Company to pay any amount to Executive pursuant to this Article 6IV. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his Executive’s employment under circumstances pursuant to which this Article 6 IV apply shall not reduce Company’s obligation to make a payment to Executive (or the amount of any such payment) pursuant to the terms of this Article 6IV.

Appears in 3 contracts

Samples: Employment Agreement (Core Laboratories N V), Employment Agreement (Core Laboratories N V), Employment Agreement (Core Laboratories N V)

No Duty to Mitigate Losses. Executive shall have no duty to find ---------------------------- new employment following the termination of his employment under circumstances which require the Company to pay any amount to Executive pursuant to this Article 6paragraph 13. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 apply with the Company shall not reduce the Company’s 's obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 6paragraph 13.

Appears in 2 contracts

Samples: Executive Employment Agreement (Boots & Coots International Well Control Inc), Executive Employment Agreement (Boots & Coots International Well Control Inc)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his employment under circumstances which require the Company to pay any amount to Executive pursuant to this Article 6VI. Any salary or remuneration received by Executive from a third party for the providing provision of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 apply shall not reduce the Company’s obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 6any such Section.

Appears in 2 contracts

Samples: Employment Agreement (Lilis Energy, Inc.), Employment Agreement (Recovery Energy, Inc.)

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No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his Executive's employment under circumstances which require Company in order to trigger Company's obligation to pay any amount to Executive pursuant to this Article 6IV. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his Executive's employment under circumstances pursuant to which this Article 6 apply IV applies shall not reduce Company’s 's obligation to make a payment to Executive (or the amount of any such payment) pursuant to the terms of this Article 6IV.

Appears in 1 contract

Samples: Employment Agreement (Mannatech Inc)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his employment under circumstances which require Company to pay any amount to Executive pursuant to this Article 67. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 7 apply shall not reduce Company’s obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 67.

Appears in 1 contract

Samples: Employment Agreement (Southwest Bancorp of Texas Inc)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his employment under circumstances which require Company to pay any amount to Executive pursuant to this Article 6VII. Any salary or remuneration received by Executive from a third party for the providing provision of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 apply shall not reduce Company’s obligation to make a payment to Executive (Sections 7.2 or the amount of such payment) pursuant to the terms of this Article 6.7.3 and

Appears in 1 contract

Samples: Employment Agreement (Complete Production Services, Inc.)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his employment under circumstances which require Company to pay any amount to Executive pursuant to this Article 6VII. Any salary or remuneration received by Executive from a third party for the providing provision of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 Sections 7.2 or 7.3 and 7.4 apply shall not reduce Company’s obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 6any such Section.

Appears in 1 contract

Samples: Employment Agreement (Complete Production Services, Inc.)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his employment under circumstances which require the Company to pay any amount to Executive pursuant to this Article 6paragraph 13. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 apply with the Company shall not reduce the Company’s obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 6paragraph 13.

Appears in 1 contract

Samples: Executive Employment Agreement (Boots & Coots International Well Control Inc)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the his termination of his employment under circumstances which that require Company to pay any amount to Executive pursuant to this Article 6Articles 3, 4 or 5. Any salary or remuneration received by Executive from a third party for the providing of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 Articles 3, 4 or 5 apply shall not reduce Company’s 's obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 6Articles 3, 4 or 5.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Kbr, Inc.)

No Duty to Mitigate Losses. Executive shall have no duty to find new employment following the termination of his employment under circumstances which require the Company to pay any amount to Executive pursuant to this Article 6VII. Any salary or remuneration received by Executive from a third party for the providing provision of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which this Article 6 Sections 7.2 or 7.3 and 7.4 apply shall not reduce the Company’s obligation to make a payment to Executive (or the amount of such payment) pursuant to the terms of this Article 6any such Section.

Appears in 1 contract

Samples: Employment Agreement (Forum Oilfield Technologies Inc)

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