Common use of No Mitigation; Offset Clause in Contracts

No Mitigation; Offset. In the event of termination of Executive’s employment pursuant to Section 1(d), Executive shall not be obligated to seek other employment or take any actions to mitigate the payments or continuation of benefits required under Section 1(d) hereof. If Executive obtains other employment (whether or not comparable and whether or not in the same geographic location) during the period of time in which the Company is required to make Cash Severance Payments to Executive pursuant to Section 1(d) above, the amount of any such remaining payments or benefits to be provided to Executive shall be reduced by the amount of compensation and benefits earned by Executive from such other employment through the end of such period. For purposes of this Section 1(e), Executive shall have an obligation to inform the Company regarding Executive’s employment status following termination and during the period of time in which the Company is making Cash Severance Payments to Executive as provided under Section 1(d) above.

No Mitigation; Offset. In the event of termination of Executive’s employment pursuant to Section 1(d), Executive shall not be obligated to seek other employment or take any actions to mitigate the payments or continuation of benefits required under Section 1(d) hereof. If Executive obtains other employment (whether or not comparable and whether or not in the same geographic location) during the period of time in which the Company is required to make Cash Severance Payments Payment to Executive pursuant to Section 1(d) above, the amount of any such remaining payments or benefits to be provided to Executive shall be reduced by the amount of compensation and benefits earned by Executive from such other employment through the end of such period. For purposes of this Section 1(e), Executive shall have an obligation to inform the Company regarding Executive’s employment status following termination and during the period of time in which the Company is making Cash Severance Payments Payment to Executive as provided under Section 1(d) above.