Common use of No Requirement of Mitigation Clause in Contracts

No Requirement of Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Section 5 by seeking other employment or otherwise, nor shall any compensation or other payments received by the Executive from other persons after the date of termination reduce any payments due under this Section 5.

Appears in 11 contracts

Samples: Change of Control Severance Compensation Agreement (First Foundation Inc.), Change of Control Severance Compensation Agreement (First Foundation Inc.), Change of Control Severance Compensation Agreement (First Foundation Inc.)

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No Requirement of Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Section 5 6 by seeking other employment or otherwise, nor shall any compensation or other payments received by the Executive from other persons Persons after the date of termination a Section 6 Termination reduce any payments due to him under this Section 56, except as otherwise provided in Section 6.2(b) with respect to the Medical Insurance Continuation Benefit payable pursuant thereto.

Appears in 2 contracts

Samples: Employment Agreement (Coast Distribution System Inc), Employment Agreement (Coast Distribution System Inc)

No Requirement of Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Section 5 4 by seeking other employment or otherwise, nor shall any compensation or other payments received by the Executive from other persons Persons after the date of termination reduce any payments due under this Section 54.

Appears in 1 contract

Samples: Change in Control Severance Compensation Agreement (First Foundation Inc.)

No Requirement of Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Section 5 6 by seeking other employment or otherwise, nor shall any compensation or other payments received by the Executive from other persons Persons after the date of termination a Section 6 Termination reduce any payments due to him under this Section 56, except as otherwise provided in Section 5.3(b) with respect to the Medical Insurance Continuation Benefit payable pursuant thereto or pursuant to Section 6.3(c) above (as the case may be).

Appears in 1 contract

Samples: Employment Agreement (Collectors Universe Inc)

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No Requirement of Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Section 5 4 by seeking other employment or otherwise, nor shall any compensation or other payments received by the Executive from other persons after the date of termination reduce any payments due under this Section 54.

Appears in 1 contract

Samples: Change in Control Severance Compensation Agreement (First Foundation Inc.)

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