We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of No Obligation to Mitigate Clause in Contracts

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

Appears in 14 contracts

Samples: Employment Agreement (Kilroy Realty, L.P.), Employment Agreement (Kilroy Realty, L.P.), Employment Agreement (Ims Health Inc)

AutoNDA by SimpleDocs

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's ’s damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

Appears in 12 contracts

Samples: Employment Agreement (Kilroy Realty, L.P.), Employment Agreement (Kilroy Realty, L.P.), Employment Agreement (Kilroy Realty, L.P.)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's ’s damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) 2.3 hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

Appears in 8 contracts

Samples: Executive Employment Agreement (Colfax CORP), Executive Employment Agreement (Colfax CORP), Executive Employment Agreement (Colfax CORP)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's ’s damages upon any termination of employment; provided, howeverand any compensation or benefits received from any other employment of Executive shall not mitigate or reduce the obligations of the Company or the rights of Executive hereunder, except that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

Appears in 6 contracts

Samples: Employment Agreement (Ims Health Inc), Employment Agreement (Ims Health Inc), Employment Agreement (Ims Health Inc)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof5, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

Appears in 5 contracts

Samples: Employment Agreement (Scientific Games Corp), Employment Agreement (Scientific Games Corp), Employment Agreement (Scientific Games Corp)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's ’s damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b5(c) hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

Appears in 5 contracts

Samples: Employment Agreement (Confederate Motors, Inc.), Employment Agreement (Med Control), Employment Agreement (Med Control)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's ’s damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) 3.4 hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

Appears in 5 contracts

Samples: Employment Agreement (Atna Resources LTD), Employment Agreement (Dupont Fabros Technology, Inc.), Employment Agreement (infoGROUP Inc.)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b5(c) hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

Appears in 5 contracts

Samples: Employment Agreement (Iggys House, Inc.), Employment Agreement (Iggys House, Inc.), Employment Agreement (Iggys House, Inc.)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's ’s damages upon any termination of employment; provided, howeverand any compensation or benefits received from any other employment of Executive shall not mitigate or reduce the obligations of the Bank and the Company or the rights of Executive hereunder, except that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by the Company Bank to Executive following the Term shall be correspondingly reduced.

Appears in 4 contracts

Samples: Employment Agreement (Rockville Financial Inc.), Employment Agreement (Rockville Financial Inc.), Employment Agreement (Rockville Financial Inc.)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's ’s damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof4, any such benefits to be provided by the Company to Executive following the Term termination of his employment shall be correspondingly reduced.

Appears in 2 contracts

Samples: Employment Agreement (Scientific Games Corp), Employment Agreement (Scientific Games Corp)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's damages upon any termination of employment; provided, howeverand any compensation or benefits received from any other employment of Executive shall not mitigate or reduce the obligations of the Company or the rights of Executive hereunder, except that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

Appears in 2 contracts

Samples: Employment Agreement (Ims Health Inc), Employment Agreement (Ims Health Inc)

AutoNDA by SimpleDocs

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's damages upon any termination of employmentemployment or service to FOL; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b5(c) hereof, any such benefits to be provided by the Company or FOL to Executive following the Term shall be correspondingly reduced.

Appears in 1 contract

Samples: Employment Agreement (Fruit of the Loom Inc /De/)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's damages upon any termination of employment; provided, howeverand any compensation or benefits received from any other employment of Executive shall not mitigate or reduce the obligations of the Bank and the Company or the rights of Executive hereunder, except that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by the Company Bank to Executive following the Term shall be correspondingly reduced.

Appears in 1 contract

Samples: Employment Agreement (Rockville Financial Inc.)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's damages upon any termination of employment; provided, howeverand any compensation or benefits received from any other employment of Executive shall not mitigate or reduce the obligations of the Company or the rights of Executive hereunder, except that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

Appears in 1 contract

Samples: Employment Agreement (Ims Health Inc)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's ’s damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) 3.3 hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

Appears in 1 contract

Samples: Employment Agreement (MAKO Surgical Corp.)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's ’s damages upon any termination of employment, and amounts of compensation and benefits received by Executive from any other employer shall not reduce the obligations of the Company or GCG hereunder; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by GCG or the Company to Executive following the Term shall be correspondingly reduced.

Appears in 1 contract

Samples: Employment Agreement (Crawford & Co)

No Obligation to Mitigate. Executive shall not be required to seek other employment or otherwise to mitigate Executive's ’s damages upon any termination of employment, and amounts of compensation and benefits received by Executive from any other employer shall not reduce the obligations of the Company or GCG hereunder; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by GCG or the Company to Executive following the Term shall be correspondingly reducedreduced only as provided in Section 7.

Appears in 1 contract

Samples: Employment Agreement (Crawford & Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!