Common use of No Mitigation Obligation Clause in Contracts

No Mitigation Obligation. The Company hereby acknowledges that it will be difficult and may be impossible for the Executive to find reasonably comparable employment following the Termination Date. Accordingly, the payment of the severance compensation by the Company to the Executive in accordance with the terms of this Agreement 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 Agreement by seeking other employment or otherwise, nor will any profits, income, earnings or other benefits from any source whatsoever create any mitigation, offset, reduction or any other obligation on the part of the Executive hereunder or otherwise. Notwithstanding anything to the contrary contained herein, as a condition to accepting benefits provided hereunder, the Executive will be required to waive, and will be deemed to have waived, any other right or entitlement to severance or termination benefits from the Company or its Subsidiaries.

Appears in 19 contracts

Samples: Change in Control Severance Agreement (CNX Resources Corp), Change in Control Severance Agreement (CNX Resources Corp), Change in Control Severance Agreement (CNX Resources Corp)

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No Mitigation Obligation. The Company hereby acknowledges that it will be difficult and may be impossible for the Executive to find reasonably comparable employment following the Termination Date. Accordingly, the payment of the severance compensation by the Company to the Executive in accordance with the terms of this Agreement 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 Agreement by seeking other employment or otherwise, nor will any profits, income, earnings or other benefits from any source whatsoever create any mitigation, offset, reduction or any other obligation on the part of the Executive hereunder or otherwise. Notwithstanding anything to the contrary contained herein, as a condition to accepting benefits provided hereunder, the Executive will be required to waive, and will be de deemed to have waived, any other right or entitlement to severance or termination benefits from the Company or its Subsidiaries.

Appears in 12 contracts

Samples: Change in Control Severance Agreement (Consol Energy Inc), Change in Control Severance Agreement (Consol Energy Inc), Change in Control Severance Agreement (Consol Energy Inc)

No Mitigation Obligation. The Company CONSOL Companies hereby acknowledges that it will be difficult and may be impossible for the Executive to find reasonably comparable employment following the Termination Date. Accordingly, the payment of the severance compensation by the Company CONSOL Companies to the Executive in accordance with the terms of this Agreement is hereby acknowledged by the Company CONSOL Companies to be reasonable, and the Executive will not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, nor will any profits, income, earnings or other benefits from any source whatsoever create any mitigation, offset, reduction or any other obligation on the part of the Executive hereunder or otherwise. Notwithstanding anything to the contrary contained herein, as a condition to accepting benefits provided hereunder, the Executive will be required to waive, and will be deemed to have waived, any other right or entitlement to severance or termination benefits from the Company CONSOL Companies or its their Subsidiaries.

Appears in 4 contracts

Samples: Change in Control Severance Agreement (CNX Coal Resources LP), Change in Control Severance Agreement (CONSOL Energy Inc), Change in Control Severance Agreement (CNX Coal Resources LP)

No Mitigation Obligation. The Company hereby acknowledges that it will be difficult and may be impossible for the Executive to find reasonably comparable employment following the Termination Date. Accordingly, the payment of the severance compensation by the Company to the Executive in accordance with the terms of this Agreement 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 Agreement by seeking other employment or otherwise, nor will any profits, income, earnings or other benefits from any source whatsoever create any mitigation, offset, reduction or any other obligation on the part of the Executive hereunder or otherwise. Notwithstanding anything to the contrary contained herein, as a condition to accepting benefits provided hereunder, the Executive will be required to waive, and will be deemed to have waived, any other right or entitlement to severance or termination benefits from the Company or Company, its Subsidiaries, CONSOL and/or its subsidiaries.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (CNX Gas CORP), Change in Control Severance Agreement (CNX Gas CORP), Change in Control Severance Agreement (Consol Energy Inc)

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No Mitigation Obligation. The Company hereby acknowledges that it will be difficult and may be impossible for the Executive to find reasonably comparable employment following the Termination Date. Accordingly, the payment of the severance compensation by the Company to the Executive in accordance with the terms of this Agreement 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 Agreement by seeking other employment or otherwise, nor will any profits, income, earnings or other benefits from any source whatsoever create any mitigation, offset, reduction or any other obligation on the part of the Executive hereunder or otherwise. Notwithstanding anything to the contrary contained herein, as a condition to accepting benefits provided hereunder, the Executive will be required to waive, and will be de deemed to have waived, any other right or entitlement to severance or termination benefits from the Company or Company, its Subsidiaries, CONSOL and/or its subsidiaries.

Appears in 2 contracts

Samples: Change in Control Severance Agreement (CNX Gas CORP), Change in Control Severance Agreement (CNX Gas CORP)

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