Common use of No Mitigation Obligation; Effect on Other Rights Clause in Contracts

No Mitigation Obligation; Effect on Other Rights. The payment of the severance compensation by the Company to the Executive in accordance with the terms of this Section 8 is hereby acknowledged by the Company to be reasonable, and the Executive will not be required to mitigate the amount of any payment provided for in this Section 8 by seeking other employment or otherwise, except as expressly provided in the last sentence of Section 8(c)(5). This Section 8 will not affect any rights (other than any rights to severance, termination, retention or similar compensation or benefits) that the Executive may have pursuant to any agreement, plan or policy of the Company or a subsidiary thereof providing employee benefits, which rights shall be governed by the terms thereof.

Appears in 11 contracts

Samples: Employment Agreement (Associated Materials, LLC), Employment Agreement (Associated Materials, LLC), Employment Agreement (Associated Materials, LLC)

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No Mitigation Obligation; Effect on Other Rights. The payment of the severance compensation by the Company to the Executive in accordance with the terms of this Section 8 is hereby acknowledged by the Company to be reasonable, and the Executive will not be required to mitigate the amount of any payment provided for in this Section 8 by seeking other employment or otherwise, except as expressly provided in the last sentence of Section 8(c)(5). This Section 8 will not affect any rights (other than any rights to severance, termination, retention or similar compensation or benefits) that the Executive may have pursuant to any agreement, plan or policy of the Company or a subsidiary thereof Subsidiary providing employee benefits, which rights shall be governed by the terms thereof.

Appears in 9 contracts

Samples: Employment Agreement (Associated Materials Inc), Employment Agreement (Associated Materials Inc), Employment Agreement (Associated Materials Inc)

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No Mitigation Obligation; Effect on Other Rights. The payment of the severance compensation by the Company to the Executive in accordance with the terms of this Section 8 is hereby acknowledged by the Company to be reasonable, and the Executive will not be required to mitigate the amount of any payment provided for in this Section 8 by seeking other employment or otherwise, except as expressly provided in the last penultimate sentence of Section 8(c)(58(c)(4). This Section 8 will not affect any rights (other than any rights to severance, termination, retention or similar compensation or benefits) that the Executive may have pursuant to any agreement, plan or policy of the Company or a subsidiary thereof providing employee benefits, which rights shall be governed by the terms thereof.

Appears in 7 contracts

Samples: Employment Agreement (Associated Materials, LLC), Employment Agreement (Associated Materials, LLC), Employment Agreement (Associated Materials, LLC)

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