RELEASE; NO MITIGATION. Any and all amounts payable and benefits or additional rights provided pursuant to this Agreement beyond the Accrued Benefits shall only be payable if the Executive delivers to the Company and does not revoke a general release of claims in favor of the Company in such forms as shall be reasonably acceptable to the Company and its counsel. Such release shall be executed and delivered (and no longer subject to revocation, if applicable) within sixty (60) days following termination. The Executive shall have no duty to mitigate his damages by seeking other employment and, should the Executive actually receive compensation from any such other employment, the payments required under this Agreement shall not be reduced or offset by any other compensation.
Appears in 2 contracts
Sources: Executive Employment Agreement (Gores Holdings VIII Inc.), Executive Employment Agreement (Gores Holdings VIII Inc.)
RELEASE; NO MITIGATION. Any and all amounts payable and benefits or additional rights provided pursuant to this Agreement beyond the Accrued Benefits earned but unpaid Base Salary shall only be payable if the Executive delivers to the Company and does not revoke a general release of claims in favor of the Company (the “General Release”) in such forms the form provided as shall be reasonably acceptable Exhibit A to the Company and its counselthis Agreement. Such release shall The General Release must be executed and delivered (and no longer subject to revocation, if applicable) within sixty (60) days following termination. The Executive shall have no duty not be required to mitigate his damages the amount of any payment or benefit provided pursuant to this Agreement by seeking other employment andor otherwise, should and the Executive actually receive compensation Company shall not be entitled to any offset from any such other employment, the payments required payment or benefit owed to Executive under this Agreement shall not be reduced or offset by any in the event Executive secures other compensationemployment.
Appears in 2 contracts
Sources: Employment Agreement (Commercial Vehicle Group, Inc.), Employment Agreement (Commercial Vehicle Group, Inc.)