No Mitigation of Damages. Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise after the termination of his employment hereunder.
No Mitigation of Damages. The provisions of this Agreement are not intended to, nor shall they be construed to, require that the Employee seek or accept other employment following a termination of employment and, amounts payable and benefits provided under this Agreement to the Employee shall not be reduced by the Employee's acceptance of (or failure to seek or accept) employment with another person. The Company's obligations to make the payments and provide the benefits required for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set off, counterclaim, recoupment, defense or other claim, rights or action that the Company may have against the Employee or others.
No Mitigation of Damages. Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by Executive as a result of employment by another employer or by retirement benefits after the Date of Termination. The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish Executive’s then existing rights, or rights which would accrue solely as a result of the passage of time, under any Company benefit plan or other contract, plan or arrangement.
No Mitigation of Damages. In the event that Executive's employment with the Bank is terminated by the Bank without Cause or is terminated by Executive for Good Reason or upon a Change in Control, Executive shall not be required to mitigate his damages.
No Mitigation of Damages. (i) The provisions of this Agreement are not intended to, nor shall they be construed to, require that Employee seek or accept other employment following a termination of employment and, except to the extent provided in Section 3(iii)(D) of this Agreement, amounts payable and welfare benefits provided under this Agreement to Employee shall not be reduced by Employee's acceptance of (or failure to seek or accept) employment with another person. The Company's obligations to make the payments and provide the welfare benefits required for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set off, counterclaim, recoupment, defense or other claim, rights or action that the Company may have against the Employee or others.
(ii) If any contest or dispute shall arise under this Agreement involving termination of Employee's employment with the Company or involving the validity or enforceability of, or liability under, any provision of this Agreement, then (unless it has been determined by a majority of the arbitrators as provided in Section 16 that Employee's employment was properly terminated for Cause within the meaning of and in accordance with Section 2(ii) hereof or that Employee is not otherwise entitled to benefits hereunder), the Company shall reimburse Employee for Employee's share of arbitration costs and all reasonable legal fees and expenses, if any, incurred by Employee in connection with such contest or dispute.
No Mitigation of Damages. The Executive shall not be required to mitigate the amount of any payment provided for in Section 4.1 by seeking other employment.
No Mitigation of Damages. Executive shall not be required to mitigate the amount of any payment provided for in Sections 2 or 3 or in this Section 5 by seeking other employment or otherwise, nor shall the amount of any payment or benefit provided for in Sections 2 or 3 or in this Section 5 be reduced by any compensation earned by him as the result of employment by another employer or by retirement benefits after the Date of Termination. The Company shall not be entitled to any rights to offset, mitigate or otherwise reduce the amounts owing to Executive by virtue of Sections 2 or 3 or this Section 5 with respect to any rights, claims or damages which the Company may have against Executive.
No Mitigation of Damages. The Parties agree that you are not required to seek other employment or to mitigate the amounts payable under this Agreement. Except as provided in Sections 4.2.2.1 and 10.6.2, no compensation earned by you from subsequent employment will reduce any amounts payable under this Agreement.
No Mitigation of Damages. NO SET-OFF In the event of any termination of this Agreement by either the Company or the Executive for any reason, the Executive shall not be required to seek comparable employment so as to minimize any obligation of the Company to compensate the Executive for any damages that he may suffer by reason of such termination or for any severance or other payment. No salary or other compensation received by the Executive in connection with any employment of the Executive after termination of the Executive's employment with the Company will reduce any amounts payable under this Agreement or any agreement entered into in connection herewith. There shall be no right of set-off or counterclaim on behalf of the Company, in respect of any claim, debt or obligation, against any payments to the Executive, his dependents, beneficiaries or estate provided for in this Agreement.
No Mitigation of Damages. Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by Executive as a result of employment by another employer or by retirement benefits after the Date of Termination. The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish Executive's then existing rights, or rights which would accrue solely as a result of the passage of time, under any Company benefit plan or other contract, plan or arrangement.
