Obligation to Mitigate Damages. In the event of termination of the Term of Employment, the Executive shall make reasonable efforts to mitigate damages by seeking other employment, provided, however, that the Executive shall not be required to accept a position of substantially different character than the position from which the Executive was terminated. To the extent that the Executive shall receive compensation, benefits and service credit for benefits from such other employment, the payment to be made and the benefits and service credit for benefits to be provided by the Company under the provisions of this Article 6 shall be correspondingly reduced.
Obligation to Mitigate Damages. Both the Landlord and the Tenant shall have the obligation to take reasonable steps to mitigate their damages caused by any default under this Lease.
Obligation to Mitigate Damages. In the event of the Executive's termination of employment, the Executive shall not be required to mitigate damages by seeking other employment.
Obligation to Mitigate Damages. The Executive shall not be required to ------------------------------ mitigate the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor shall the amount of any payment hereunder be reduced by any compensation earned by the Executive as the result of employment by another employer after termination of the Executive.
Obligation to Mitigate Damages. In any event damages or liability cases occur, the TSOs shall assist each other in taking the appropriate actions/measures to prevent and/or minimize all damages towards each other and towards third parties.
Obligation to Mitigate Damages. In the event of termination of the Term of Agreement, the Consultant shall make reasonable efforts to mitigate damages by seeking other agreement, provided, however, that the Consultant shall not be required to accept a position of substantially different character than the position from which the Consultant was terminated. To the extent that the Consultant shall receive compensation, benefits and service credit for benefits from such other employment, the payment to be made and the benefits and service credit for benefits to be provided by the Company under the provisions of this Article 6 shall be correspondingly reduced.
Obligation to Mitigate Damages. Notwithstanding any provision of this Sublease or the Master Lease to the contrary, Sublandlord and Subtenant acknowledge that they each have a responsibility to act reasonably to mitigate their respective damages in the event of a default by the other party under this Sublease.
Obligation to Mitigate Damages. The Employee shall not be required to mitigate the amount of any payment provided for in Section 4.1 by seeking other employment, but the amount of any payment provided for in Section 4.1 shall be reduced (but not below zero) by any compensation earned by the Employee as the result of his employment by another employer subsequent to termination or resignation of his employment with LP.
Obligation to Mitigate Damages. 9.1 The Executive shall be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment.
Obligation to Mitigate Damages. 1. Some employers will seek to require the executive to mitigate damages by seeking comparable employment.
2. Actual use of mitigation provisions is not common. Most executives are unwilling under any circumstances to accept mitigation provisions.
