No Mitigation; Limited Offset. The Company agrees that if Employee’s employment with the Company terminates for any reason, Employee shall not be required to seek other employment or to attempt in any way to reduce any amounts payable to Employee by the Company pursuant to Section 6 hereof. Further, the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by Employee as the result of employment by another company, by retirement benefits, or otherwise, except as specifically provided herein. Notwithstanding any other provision to the contrary, Employee acknowledges that any amounts payable to Employee by the Company pursuant to Section 6 hereof shall be contingent upon Employee’s continued compliance with the terms of Section 8 hereof.
Appears in 4 contracts
Samples: Employment Agreement (National Patent Development Corp), Employment Agreement (National Patent Development Corp), Employment Agreement (National Patent Development Corp)
