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

No Obligation to Mitigate Damages; No 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 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 effective date of Termination, or otherwise, by his/her engagement as a consultant or his/her conduct of any other business activities. (b) The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive's existing rights, or rights which would accrue solely as a result of the passage of time, under any employment agreement or other plan, arrangement or deferred compensation agreement, except as otherwise agreed to in writing by the Bank and the Executive.

Appears in 19 contracts

Samples: Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp)

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No Obligation to Mitigate Damages; No Effect on Other Contractual Rights. (a) 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 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 effective date of Terminationtermination or resignation, or otherwise, by his/her his engagement as a consultant or his/her his conduct of any other business activities. (b) B. The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive's ’s existing rights, or rights which would accrue solely as a result of the passage of time, under any employment agreement or other plan, arrangement or deferred compensation agreement, except as set forth in section 12 below or as otherwise agreed to in writing by the Bank and the Executive.

Appears in 10 contracts

Samples: Severance Compensation Agreement, Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp)

No Obligation to Mitigate Damages; No Effect on Other Contractual Rights. (a) 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 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 effective date of Terminationtermination or resignation, or otherwise, by his/his or her engagement as a consultant or his/her his conduct of any other business activities. (b) B. The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive's ’s existing rights, or rights which would accrue solely as a result of the passage of time, under any employment agreement or other plan, arrangement or deferred compensation agreement, except as set forth in Sections 9 or 10 below or as otherwise agreed to in writing by the Bank and the Executive.

Appears in 8 contracts

Samples: Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement

No Obligation to Mitigate Damages; No Effect on Other Contractual Rights. (a) 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 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 effective date of Terminationtermination or resignation, or otherwise, by his/his or her engagement as a consultant or his/her his conduct of any other business activities. (b) B. The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive's ’s existing rights, or rights which would accrue solely as a result of the passage of time, under any employment agreement or other plan, arrangement or deferred compensation agreement, except as set forth in section 12 below or as otherwise agreed to in writing by the Bank and the Executive.

Appears in 7 contracts

Samples: Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp)

No Obligation to Mitigate Damages; No Effect on Other Contractual Rights. (a) 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 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 effective date of Terminationtermination or resignation, or otherwise, by his/her his engagement as a consultant or his/her his conduct of any other business activities. (b) B. The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive's ’s existing rights, or rights which would accrue solely as a result of the passage of time, under any employment agreement or other plan, arrangement or deferred compensation agreement, except as otherwise agreed to in writing by the Bank and the Executive.

Appears in 6 contracts

Samples: Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp)

No Obligation to Mitigate Damages; No 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 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 effective date of Termination, or otherwise, by his/her his engagement as a consultant or his/her his conduct of any other business activities. (b) The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive's existing rights, or rights which would accrue solely as a result of the passage of time, under any employment agreement or other plan, arrangement or deferred compensation agreement, except as otherwise agreed to in writing by the Bank and the Executive.

Appears in 5 contracts

Samples: Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp)

No Obligation to Mitigate Damages; No 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 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 effective date Date of Termination, or otherwise, by his/her engagement except as a consultant or his/her conduct of any other business activitiesprovided in Subsection 3(e)(B). (b) The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive's ’s existing rights, including post-retirement benefits or any other rights which would accrue solely as a result of the passage of time, under any benefit plan, employment agreement or other plancontract, arrangement Company policy, plan or deferred compensation agreement, except as otherwise agreed to in writing by the Bank and the Executivearrangement.

Appears in 4 contracts

Samples: Change in Control Agreement (Raven Industries Inc), Change in Control Agreement (Raven Industries Inc), Change in Control Agreement (Raven Industries Inc)

No Obligation to Mitigate Damages; No 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 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 effective date Date of Termination, or otherwise, by his/her engagement as a consultant or his/her conduct of any other business activities. (b) The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive's ’s existing rights, or rights which would accrue solely as a result of the passage of time, under any Benefit Plan, Incentive Plan or Securities Plan, employment agreement or other plancontract, arrangement plan or deferred compensation agreement, except as otherwise agreed to in writing by the Bank and the Executivearrangement.

Appears in 3 contracts

Samples: Severance Compensation Agreement (Foothill Independent Bancorp), Severance Compensation Agreement (Foothill Independent Bancorp), Severance Compensation Agreement (Foothill Independent Bancorp)

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No Obligation to Mitigate Damages; No 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 nor, except as set forth in Section 4.4, 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 effective date Date of Termination, or otherwise, by his/her engagement as a consultant or his/her conduct of any other business activities. (b) The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive's existing rights, or rights which would accrue solely as a result of the passage of time, under any Benefit Plan, Incentive Plan or Securities Plan, employment agreement or other plancontract, arrangement plan or deferred compensation agreement, except as otherwise agreed to in writing by the Bank and the Executivearrangement.

Appears in 1 contract

Samples: Severance Compensation Agreement (Collectors Universe Inc)

No Obligation to Mitigate Damages; No 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 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 effective date of Termination, or otherwise, by his/her his engagement as a consultant or his/her his conduct of any other business activities. (b) The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive's ’s existing rights, or rights which would accrue solely as a result of the passage of time, under any employment agreement or other plan, arrangement or deferred compensation agreement, except as otherwise agreed to in writing by the Bank and the Executive.

Appears in 1 contract

Samples: Severance Compensation Agreement (CVB Financial Corp)

No Obligation to Mitigate Damages; No Effect on Other Contractual Rights. Except as otherwise provided under Section 3(b) hereof: (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 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 effective date termination of Terminationthe Executive’s employment, or otherwise, by his/her engagement as a consultant or his/her conduct of any other business activities. (b) The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive's ’s existing rights, or rights which would accrue solely as a result of the passage of time, under any benefit plan, incentive plan or securities plan, employment agreement or other plancontract, plan or arrangement or deferred compensation agreement, except as otherwise agreed to in writing by of the Bank and the ExecutiveCompany.

Appears in 1 contract

Samples: Severance Compensation Agreement (Lin Television Corp)

No Obligation to Mitigate Damages; No 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 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 effective date of Termination, termination of his employment with the Company or otherwise, by his/her engagement as a consultant or his/her conduct of any other business activities. (b) The Except as expressly provided in Section 2(c), the provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, supersede, affect or in any way diminish the Executive's existing rights, or rights which would accrue solely as a result of the passage of time, under any applicable law or any pension benefit or welfare benefit plan, employment agreement or other plancontract, arrangement plan or deferred compensation agreement, except as otherwise agreed to in writing by the Bank and the Executivearrangement.

Appears in 1 contract

Samples: Severance Compensation Agreement (Harris & Harris Group Inc /Ny/)

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