Common use of No Obligation to Mitigate Damages; Effect on Other Contractual Rights Clause in Contracts

No Obligation to Mitigate Damages; Effect on Other Contractual Rights. (a) The 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, except as set forth in Section 4(d), shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by the Executive as the result of employment by another employer after the Date of Termination, or otherwise.

Appears in 3 contracts

Samples: Severance Compensation Agreement (Newport Corp), Severance Compensation Agreement (Newport Corp), Severance Compensation Agreement (Newport Corp)

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No Obligation to Mitigate Damages; Effect on Other Contractual Rights. (a) The 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, except as set forth in Section 4(d4(f), shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by the Executive as the result of employment by another employer after the Date of Termination, or otherwise.

Appears in 3 contracts

Samples: Severance Compensation Agreement (Newport Corp), Severance Compensation Agreement (Newport Corp), Severance Compensation Agreement (Newport Corp)

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No Obligation to Mitigate Damages; Effect on Other Contractual Rights. (a) The 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, except as set forth in Section 4(d), nor shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by the Executive as the result of employment by another employer after the Date of Termination, or otherwise.

Appears in 1 contract

Samples: Change in Control Agreement (Rykoff Sexton Inc)

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