Common use of No Obligation to Mitigate Damages Clause in Contracts

No Obligation to Mitigate Damages. Executive shall not be required to mitigate the amount of compensation and benefits under this Agreement by seeking employment with others, or otherwise, and the amount of such compensation and benefits shall not be reduced or offset in any way by any income or benefits earned by Executive from another employer or other source after the termination becomes effective.

Appears in 4 contracts

Samples: Employment Agreement (Modine Manufacturing Co), Employment Agreement (Modine Manufacturing Co), Employment Agreement (Modine Manufacturing Co)

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No Obligation to Mitigate Damages. Executive shall not be required to mitigate damages or the amount of compensation and benefits any payment provided for under this Agreement by seeking other employment with othersor otherwise, nor shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by Executive as the result of employment by another employer after the termination of his employment, or otherwise, and the amount of such compensation and benefits shall not be reduced or offset in any way by any income or benefits earned by Executive from another employer or other source after the termination becomes effective.

Appears in 2 contracts

Samples: Employment Agreement (Ablest Inc), Employment Agreement (Ablest Inc)

No Obligation to Mitigate Damages. Executive shall not be required to mitigate damages or the amount of compensation and benefits any payment provided under this Agreement by seeking other employment with others, or otherwise, and nor shall the amount of such compensation and benefits shall not any payment provided hereunder be reduced or offset in any way by any income or benefits compensation earned by Executive from another employer or other source after the termination becomes effectivehis termination.

Appears in 1 contract

Samples: Severance Agreement (Bell Industries Inc /New/)

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No Obligation to Mitigate Damages. The Executive shall not be required to mitigate damages or the amount of compensation and benefits any payment provided for under this Agreement by seeking other employment with othersor otherwise, nor shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by the Executive as the result of employment by another employer after the Date of Termination, or otherwise, and the amount of such compensation and benefits shall not be reduced or offset in any way by any income or benefits earned by Executive from another employer or other source after the termination becomes effective.

Appears in 1 contract

Samples: Severance Compensation Agreement (Elek Tek Inc)

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