Common use of No Reduction Clause in Contracts

No Reduction. The Executive shall not be required to mitigate damages or the amount of any payment provided for under Section 1(c) or Section 2(c) by seeking other employment or otherwise, nor shall the amount of any payment provided for under Section 1(c) or Section 2(c) 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 10 contracts

Samples: Employee Severance Agreement (Acorn Products Inc), Severance Agreement (Acorn Products Inc), Employee Severance Agreement (Acorn Products Inc)

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No Reduction. The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Section 1(c) or Section 2(c) 9 by seeking other employment or otherwise, nor shall the amount of any payment provided for under this Section 1(c) or Section 2(c) 9 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 4 contracts

Samples: Employment Agreement (Ames True Temper, Inc.), Employment Agreement (Ames True Temper, Inc.), Employment Agreement (Ames True Temper, Inc.)

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No Reduction. The Executive shall not be required to mitigate damages or the amount of any payment payments provided for under Section 1(c) 3 or Section 2(c) 4 by seeking other employment or otherwise, nor shall the amount of any payment provided for under Section 1(c) 3 or Section 2(c) 4 be reduced by any compensation earned or received by the Executive as the result of employment by another employer after the date of termination or otherwise.

Appears in 2 contracts

Samples: Employment Agreement (Acorn Products Inc), Employment Agreement (Acorn Products Inc)

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