Common use of No Obligation to Mitigate Damages Clause in Contracts

No Obligation to Mitigate Damages. Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, nor will any payments hereunder be subject to offset in respect of any claims which the Company may have against Executive.

Appears in 24 contracts

Samples: Employment Agreement (Emcor Group Inc), Employment Agreement (Emcor Group Inc), Employment Agreement (Emcor Group Inc)

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No Obligation to Mitigate Damages. Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, nor will any payments hereunder be subject to offset in respect of any claims which the Company may have against Executive.

Appears in 12 contracts

Samples: Employment Agreement (Madison River Capital LLC), Employment Agreement (Madison River Capital LLC), Employment Agreement (Madison River Capital LLC)

No Obligation to Mitigate Damages. The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, nor will any payments hereunder be subject to offset in respect shall the amount of any claims which payment provided for under this Agreement be reduced by any compensation earned by the Company may Executive as a result of employment by another employer or by retirement or other benefits, before the date of this Agreement or after the date of termination of his employment with the Bank, or otherwise, provided that the Executive shall have against Executivecomplied with the provisions hereof.

Appears in 5 contracts

Samples: Employment Agreement (Bnccorp Inc), Employment Agreement (Bnccorp Inc), Employment Agreement (Bnccorp Inc)

No Obligation to Mitigate Damages. Executive shall not be required to --------------------------------- mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, nor will any payments hereunder be subject to offset in respect of any claims which the Company may have against Executive.

Appears in 5 contracts

Samples: Employment Agreement (Madison River Capital LLC), Employment Agreement (Madison River Capital LLC), Employment Agreement (Madison River Capital LLC)

No Obligation to Mitigate Damages. (a) Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, nor will any payments hereunder be subject to offset in respect shall the amount of any claims which payment provided for under this Agreement be reduced by any compensation earned by Executive as a result of employment by another employer or by payment to him of retirement benefits after the Company may have against Executivedate of termination of his employment.

Appears in 3 contracts

Samples: Employment Agreement (Banctec Inc), Employment Agreement (Banctec Inc), Employment Agreement (Applied Magnetics Corp)

No Obligation to Mitigate Damages. Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, nor will any payments hereunder under Section 6 hereof be subject to offset in respect of any claims which the Company may have against Executive.

Appears in 2 contracts

Samples: Employment Agreement (Lpa Services Inc), Employment Agreement (Lpa Services Inc)

No Obligation to Mitigate Damages. (a) Executive shall not be required to mitigate damages or for the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, nor will any payments hereunder be subject to offset in respect shall the amounts of any claims which payment provided for under this Agreement be reduced by any compensation earned by the Company may have against ExecutiveExecutive as a result of employment by another employer after the Date of Termination or otherwise.

Appears in 2 contracts

Samples: Special Compensation Agreement (Imperial Bancorp), Special Compensation Agreement (Imperial Bancorp)

No Obligation to Mitigate Damages. Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise. Without limiting the Company's rights under Section 12, nor will no payment under this Agreement shall be reduced by any payments hereunder be subject to offset in respect compensation that Executive may earn from a third party after any termination of any claims which the Company may have against Executiveemployment.

Appears in 2 contracts

Samples: Employment Agreement (La Petite Academy Inc), Employment Agreement (Lpa Services Inc)

No Obligation to Mitigate Damages. Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise. Without limiting the Company's rights under Section 14, nor will no payment under this Agreement shall be reduced by any payments hereunder be subject to offset in respect compensation that Executive may earn from a third party after any termination of any claims which the Company may have against Executiveemployment.

Appears in 1 contract

Samples: Employment Agreement (La Petite Academy Inc)

No Obligation to Mitigate Damages. The Executive shall --------------------------------- not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, otherwise nor will (a) any payments hereunder be subject to offset in respect of any claims which the Company may have against Executive.Executive or

Appears in 1 contract

Samples: Employment Agreement (RJR Nabisco Inc)

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No Obligation to Mitigate Damages. Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, nor will any payments hereunder under Section 6 hereof be subject to offset in respect of any claims which the Company may have against Executive.

Appears in 1 contract

Samples: Employment Agreement (Lpa Services Inc)

No Obligation to Mitigate Damages. Executive shall not be required to --------------------------------- mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, nor will any payments hereunder under Section 6 hereof be subject to offset in respect of any claims which the Company may have against Executive.

Appears in 1 contract

Samples: Employment Agreement (Glenoit Asset Corp)

No Obligation to Mitigate Damages. Unless otherwise specifically contemplated herein, the Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, nor will any payments hereunder be subject to offset in respect shall the amount of any claims which payment provided for under this Agreement be reduced by any compensation earned by the Company may have against ExecutiveExecutive as a result of employment by another employer.

Appears in 1 contract

Samples: Employment Agreement (Rehabilicare Inc)

No Obligation to Mitigate Damages. Except as specifically provided in this Agreement, Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, nor will any payments hereunder under this Agreement be subject to offset in respect of any claims amounts which Executive earns or becomes entitled to from any other employer or other person after termination of his employment with the Company may have against ExecutiveCompany.

Appears in 1 contract

Samples: Employment Agreement (Perkin Elmer Corp)

No Obligation to Mitigate Damages. The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and no payment otherwise required hereunder shall be reduced on account of) other employment or otherwise, nor will any payments hereunder be subject to offset in respect shall the amount of any claims which the Company may have against Executive.payment provided for under this

Appears in 1 contract

Samples: Severance Compensation Agreement (Elek Tek Inc)

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