Common use of Mitigation Clause in Contracts

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 61 contracts

Samples: Executive Retention Agreement (Biosphere Medical Inc), Executive Retention Agreement (Kadant Inc), Executive Retention Agreement (Sepracor Inc /De/)

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Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 4.1(a), Section 4.2(a) or Section 4.2(b) by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.1(a)(iii), Section 4.2(a)(iii) or Section 4.2(b)(iii), the amount of any payment or benefits provided for in this Section 4 4.1(a), Section 4.2(a) or Section 4.2(b) shall not be reduced by any compensation earned or benefits received by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 31 contracts

Samples: Severance Agreement (American Superconductor Corp /De/), Severance Agreement (American Superconductor Corp /De/), Severance Agreement (American Superconductor Corp /De/)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 30 contracts

Samples: Executive Severance Agreement (Constant Contact, Inc.), Retention Agreement (Myriad Genetics Inc), Executive Severance Agreement (Constant Contact, Inc.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.1(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 26 contracts

Samples: Executive Severance Agreement (Thermo Fisher Scientific Inc.), Executive Change in Control Retention Agreement (Thermo Fisher Scientific Inc.), Executive Change in Control Retention Agreement (Thermo Fisher Scientific Inc.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.1(a)(iii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 23 contracts

Samples: Executive Retention Agreement (Bottomline Technologies Inc /De/), Executive Retention Agreement (Bottomline Technologies Inc /De/), Retention Agreement (Netegrity Inc)

Mitigation. The Executive shall not be required to mitigate damages or the amount of any payment or benefits provided for in this to him under Section 4 of this Agreement by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), nor shall the amount of any payment or benefits payments provided for in this to Executive under Section 4 shall not be reduced by any compensation earned by the Executive as a the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by employer after the Executive to the Company termination of Executive’s employment or otherwise.

Appears in 19 contracts

Samples: Employment Agreement (FCB Financial Holdings, Inc.), Employment Agreement (United Rentals North America Inc), Employment Agreement (FCB Financial Holdings, Inc.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii) and 4.3(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 11 contracts

Samples: Retention Agreement (Network Engines Inc), Retention Agreement (Network Engines Inc), Retention Agreement (Network Engines Inc)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for the Company becomes obligated to make to Executive in connection with this Section 4 Agreement by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the The amount of any payment or benefits provided for in this Section 4 4(e) above shall not be reduced reduced, offset or subject to recovery by the Company by reason of any compensation earned by the Executive as a result of employment by another employeremployer after the termination of Executive’s employment, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 9 contracts

Samples: Employment Agreement (Thunder Bridge Acquisition LTD), Employment Agreement (Repay Holdings Corp), Employment Agreement (Repay Holdings Corp)

Mitigation. The Executive shall not be required to mitigate the amount of any payment payments or the entitlement to any benefits provided for in this under Section 4 4.2(b) or 4.3 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of nor shall any payment or benefits benefit provided for in this such Section 4 shall not be reduced by any compensation or remuneration and/or benefits earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by employer or the Executive to rendering of services after the Company or otherwisedate of termination.

Appears in 7 contracts

Samples: Employment Agreement (SSR Mining Inc.), Employment Agreement (SSR Mining Inc.), Employment Agreement (SSR Mining Inc.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(iiSections 4.2 (a)(ii) and (b)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 6 contracts

Samples: Executive Retention Agreement (Vistaprint LTD), Executive Retention Agreement (Vistaprint LTD), Executive Retention Agreement (Vistaprint LTD)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii)4.5, the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 6 contracts

Samples: Retention Agreement (TransMedics Group, Inc.), Executive Retention Agreement (TransMedics, Inc.), Executive Retention Agreement (TransMedics Group, Inc.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section Sections 3 or 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section Sections 3 and 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company Company, or otherwise.

Appears in 5 contracts

Samples: Severance and Change of Control Agreement (Adnexus Therapeutics, Inc.), Severance and Change of Control Agreement (Adnexus Therapeutics, Inc.), Severance and Change of Control Agreement (Adnexus Therapeutics, Inc.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.1(a)(v), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 4 contracts

Samples: Executive Retention Agreement (Bottomline Technologies Inc /De/), Executive Retention Agreement (Bottomline Technologies Inc /De/), Executive Retention Agreement (Bottomline Technologies Inc)

Mitigation. The For the avoidance of doubt, the Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in subject to Section 4.2(a)(ii)8.1, the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 4 contracts

Samples: Executive Retention Agreement (Aspen Technology Inc /De/), Executive Retention Agreement (Aspen Technology Inc /De/), Executive Retention Agreement (Aspen Technology Inc /De/)

Mitigation. The Executive shall not be required to mitigate ---------- the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.1(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 3 contracts

Samples: Opnet Technologies Inc, Opnet Technologies Inc, Opnet Technologies Inc

Mitigation. The Executive shall not be required to mitigate the ---------- amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.1(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 3 contracts

Samples: Opnet Technologies Inc, Opnet Technologies Inc, Opnet Technologies Inc

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as otherwise provided in Section 4.1(a)(ii) or Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 3 contracts

Samples: Control Agreement (Myriad Pharmaceuticals, Inc.), Control Agreement (Myriad Pharmaceuticals, Inc.), Control Agreement (Myrexis, Inc.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 3 contracts

Samples: Executive Retention Agreement (Bioclinica Inc), Retention Agreement (Bio Imaging Technologies Inc), Employment Agreement (Bioclinica Inc)

Mitigation. The Executive shall not be required to mitigate damages or the amount of any payment or benefits that might be provided for in this to Executive under Section 4 of this Agreement by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), nor shall the amount of any payment or benefits payments that might be provided for in this to Executive under Section 4 shall not be reduced by any compensation earned by the Executive as a the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by employer after the Executive to the Company termination of Executive’s employment or otherwise.

Appears in 3 contracts

Samples: Indemnification Agreement (United Rentals North America Inc), Indemnification Agreement (United Rentals North America Inc), Indemnification Agreement (United Rentals North America Inc)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 Sections 3.1 and 4.2.2 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 Agreement shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 3 contracts

Samples: Release Agreement (Oclaro, Inc.), Release Agreement (Oclaro, Inc.), Executive Severance and Retention Agreement (Oclaro, Inc.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise4. Further, except as provided in Section 4.2(a)(ii4.2(b), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 3 contracts

Samples: Executive Retention Agreement (Sepracor Inc /De/), Executive Retention Agreement (Sepracor Inc /De/), Executive Retention Agreement (Sepracor Inc /De/)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Sections 4.2(a)(ii) and (b)(ii) and in Section 4.2(a)(ii)8.9, the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 3 contracts

Samples: Executive Retention Agreement (Cimpress N.V.), Executive Retention Agreement (Cimpress N.V.), Executive Retention Agreement (Cimpress N.V.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.1(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company AWI or AWHI or otherwise.

Appears in 3 contracts

Samples: Executive Employment Agreement (Arch Wireless Inc), Executive Employment Agreement (Arch Wireless Inc), Executive Employment Agreement (Arch Wireless Inc)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.2(a)(iii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company Company, or otherwise.

Appears in 3 contracts

Samples: Officer Executive Retention Agreement (Candela Corp /De/), Retention Agreement (Candela Corp /De/), Officer Executive Retention Agreement (Syneron Medical Ltd.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii)4.2(a)(iii) hereof, the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 3 contracts

Samples: Executive Retention Agreement (Epresence Inc), Executive Retention Agreement (Epresence Inc), Executive Retention Agreement (Epresence Inc)

Mitigation. The Executive shall not be required to mitigate the ---------- amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii)) hereof, the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 3 contracts

Samples: Executive Retention Agreement (Banyan Systems Inc), Executive Retention Agreement (Banyan Systems Inc), Executive Retention Agreement (Banyan Systems Inc)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.2 (a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 2 contracts

Samples: Executive Retention Agreement (Storagenetworks Inc), Executive Retention Agreement (Storagenetworks Inc)

Mitigation. The Executive CEO shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.1(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive CEO as a result of employment by another employer, by retirement benefits, by disability or death benefits, by offset against any amount claimed to be owed by the Executive CEO to the Company or otherwise.

Appears in 2 contracts

Samples: Retention Agreement (Icu Medical Inc/De), Retention Agreement (Icu Medical Inc/De)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or its successor organization, or otherwise.

Appears in 2 contracts

Samples: Control Executive Retention Agreement (Viasys Healthcare Inc), Control Executive Retention Agreement (Viasys Healthcare Inc)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided set forth in Section 4.2(a)(ii4.1(c), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 2 contracts

Samples: Retention Agreement (Netezza Corp), Executive Retention Agreement (Netezza Corp)

Mitigation. The Executive shall is not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii)4.2(b)(ii) and in Section 8.8, the amount of any payment or benefits provided for in this Section 4 shall will not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 2 contracts

Samples: Executive Retention Agreement (CIMPRESS PLC), Executive Retention Agreement (CIMPRESS PLC)

Mitigation. The Except as provided in Section 4.3(c) above, the Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Sections 4.2(a)(ii) and (b)(ii) and in Section 4.2(a)(ii)8.9, the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 2 contracts

Samples: Executive Retention Agreement (Vistaprint N.V.), Executive Retention Agreement (Vistaprint N.V.)

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Mitigation. The Executive shall not be required to mitigate the amount of any payment payments or the entitlement to any benefits provided for in this under Section 4 4.2(d) or Section 4.3 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of nor shall any payment or benefits benefit provided for in this such Section 4 shall not be reduced by any compensation or remuneration and/or benefits earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by employer or the Executive to rendering of services after the Company or otherwisedate of termination.

Appears in 2 contracts

Samples: Employment Agreement (Canadian Satellite Radio Holdings Inc.), Employment Agreement (Canadian Satellite Radio Holdings Inc.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.1(a)(ii) or (b)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 2 contracts

Samples: Senior Executive Retention Agreement (Kronos Inc), Kronos Incorporated Summary of Terms (Kronos Inc)

Mitigation. The For the avoidance of doubt, the Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in subject to Section 4.2(a)(ii)8.1, the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.. 4.5

Appears in 2 contracts

Samples: Retention Agreement (Aspen Technology Inc /De/), Retention Agreement (Aspen Technology, Inc.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.1(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset off-set against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 1 contract

Samples: Executive Change in Control Agreement (Infodata Systems Inc)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits ---------- provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 1 contract

Samples: Executive Retention Agreement (Iomega Corp)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.or

Appears in 1 contract

Samples: Executive Retention Agreement (Netezza Corp)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.Section

Appears in 1 contract

Samples: Executive Retention Agreement (Arch Wireless Inc)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 1 contract

Samples: Retention Agreement (Cornerstone Therapeutics Inc)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.2(a)(ii)(II), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 1 contract

Samples: Executive Retention Agreement (Kadant Inc)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.. < 9

Appears in 1 contract

Samples: Executive Retention Agreement (Kadant Inc)

Mitigation. The Executive shall not be required to mitigate the amount of any payment payments or the entitlement to any benefits provided for in this under Section 4 4.2(d) or 4.3 or by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of nor shall any payment or benefits benefit provided for in this such Section 4 shall not be reduced by any compensation or remuneration and/or benefits earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by employer or the Executive to rendering of services after the Company or otherwisedate of termination.

Appears in 1 contract

Samples: Employment Agreement (Canadian Satellite Radio Holdings Inc.)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further; provided, except however, as provided in Section 4.2(a)(ii)4.2 above, the amount of any payment or benefits provided for in this Section 4 shall not may be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwiseemployer as specifically set forth herein.

Appears in 1 contract

Samples: Executive Retention Agreement (Bio Imaging Technologies Inc)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii4.3(a), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 1 contract

Samples: Executive Retention Agreement (Arlington Tankers Ltd.)

Mitigation. The For the avoidance of doubt, the Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 1 contract

Samples: Executive Retention Agreement (Aspen Technology Inc /De/)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise, except as provided in Section 4.1(a)(ii).

Appears in 1 contract

Samples: Change in Control Agreement (Nitromed Inc)

Mitigation. The For the avoidance of doubt, the Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 1 contract

Samples: Explanatory Note (Aspen Technology Inc /De/)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits benefit provided for in this Section 4 by seeking other employment or otherwise. Further, nor (except as specifically provided in Section 4.2(a)(ii), 4) shall the amount of any payment or benefits benefit provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a the result of employment by another employer, employer or by retirement benefitsbenefits after the Date of Termination, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 1 contract

Samples: Change in Control Agreement (Trans World Airlines Inc /New/)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 Sections 3.1 and 4.2.2 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 Agreement shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or the Subsidiary or otherwise.

Appears in 1 contract

Samples: Executive Severance and Retention Agreement (Oclaro, Inc.)

Mitigation. The Executive shall not be required to mitigate damages or the amount of any payment or benefits provided for in this to him under Section 4 of this Agreement by seeking other employment or otherwise. Further, nor shall, except as otherwise provided in under Section 4.2(a)(ii)4(d)(iii) of this Agreement, the amount of any payment or benefits payments provided for in this to Executive under Section 4 shall not be reduced by any compensation earned by the Executive as a the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by employer after the Executive to the Company termination of Executive’s employment or otherwise.

Appears in 1 contract

Samples: Employment Agreement (United Rentals North America Inc)

Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 Sections 3.1 and 4.2.2 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(iiSections 3.1(c) and 4.2.2(a)(ii), the amount of any payment or benefits provided for in this Section 4 Agreement shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 1 contract

Samples: Release Agreement (Bookham, Inc.)

Mitigation. The Except as provided in Section 4.3(c) above, the Executive shall is not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, except as provided in Section 4.2(a)(ii)4.2(b)(ii) and in Section 8.8, the amount of any payment or benefits provided for in this Section 4 shall will not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company or otherwise.

Appears in 1 contract

Samples: Executive Retention Agreement (CIMPRESS PLC)

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