Common use of No Duty to Mitigate Losses Clause in Contracts

No Duty to Mitigate Losses. Employee shall have no duty to find new employment following the termination of his employment under circumstances which required Corporation to pay any amount to Employee pursuant to this Section 4. Any salary or remuneration received by Employee 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 Sections 4.2, 4.4, 4.5, 4.6 or 6.7 apply shall not reduce Corporation's obligation to make a payment to Employee (or the amount of such payment) pursuant to the terms of any such Section.