Example ContractsClausesMitigation
Remove:

Mitigation. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement and except as provided in [Sections 5.2(c) and 5.4(c)])] (with respect to medical insurance continuation), any amounts payable pursuant to this Section 5 shall not be reduced by compensation Executive earns on account of employment with another employer.

Mitigation. In no event shall [[Mr. Roberts:Person]] be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to him under any of the provisions of this Agreement, and such amounts shall not be reduced whether or not [[Mr. Roberts:Person]] obtains other employment.

the relevant event or circumstances are applicable to all Finance Parties.

No Mitigation. Except as provided in [Section 1(a)(iv)], no amounts or benefits payable to the Employee hereunder shall be subject to mitigation or reduction by income or benefits that the Employee receives from other sources.

No Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefit contemplated by this Section 6, nor shall any such payment or benefit be reduced by any earnings or benefits that the Executive may receive from any other source.

/

Mitigation of Obligations. If any Lender or the Issuing Lender requests compensation under [Section 2.10(g)] or [Section 2.13], or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 10.11, then such Lender or the Issuing Lender shall use reasonable efforts to promptly designate a different one of its lending offices or to assign its rights and obligations hereunder to another of its offices or branches, if # in the reasonable judgment of such Lender or the Issuing Lender, such designation or assignment would eliminate or reduce amounts payable pursuant to [Sections 2.10(g), 2.13, or 10.11]1]1], as applicable, and # in the reasonable judgment of such Lender or the Issuing Lender, such designation or assignment would not subject such Lender or the Issuing Lender to any material unreimbursed cost or expense and would not otherwise be materially disadvantageous to such Lender or the Issuing Lender. Borrower hereby agrees to pay all reasonable and documented out-of-pocket costs and expenses incurred by any Lender or the Issuing Lender in connection with any such designation or assignment.

The Participant shall not be required to mitigate amounts payable under the Plan by seeking other employment or otherwise. Except to the extent otherwise expressly provided by the terms of the Plan, the acceptance of any such other employment shall not diminish or impair the amounts payable to any Participant under the Plan.

No Offset or Mitigation. Except for such monies due and owing , if Executive’s employment with is terminated for any reason, will have no right of offset, nor will Executive be under any duty or obligation to seek alternative or substitute employment at any time after the effective date of such termination or otherwise mitigate any amounts payable by to Executive.

Mitigation of Excise Tax. Except to the extent otherwise provided in a written agreement between the Company and the Participant, the Restricted Stock issued hereunder is subject to reduction by the Committee for the reasons specified in [Section 13.01] of the Plan.

/

Termination of Severance; Mitigation. If Executive breaches any of the provisions of the Agreement, including [Sections 6 through 10] hereof, any other agreement with or obligation to the Company Group, or the Release Condition, then, except as required by law, the Company shall no longer be obligated to make any payments pursuant to this Section 5 and, except as prohibited by law, Executive shall promptly repay the gross amount of any payments or benefits already paid or provided to Executive by the Company pursuant to this Section 5. Severance Payments shall not be subject to mitigation hereunder.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.