Common use of Non-Mitigation Clause in Contracts

Non-Mitigation. The Executive shall not be required to mitigate the amount of any payments or other benefits provided under this Agreement at any time by seeking other employment or consultancy; however the Executive shall notify the Company of any employment or consulting engaged in during the period covered by Severance Benefits provided in Section 3 and the amounts payable and benefits provided shall be reduced or offset by the amount of any salary, bonus of any sort, fees, stock, stock options, stock dividends, other securities or any non-cash consideration so paid or payable and benefits to be received with respect to such period and that offset or reduction shall be determined by the Company in the complete and absolute exercise of its sole discretion.