No Mitigation Required Contract Clauses (28)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains No Mitigation Required clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
No Mitigation Required. Middlefield hereby acknowledges that it will be difficult and could be impossible (x) for the Executive to find reasonably comparable employment after termination and (y) to measure the amount of damages the Executive suffers as a result of termination. Additionally, Middlefield acknowledges that its general severance pay plans do not provide for mitigation, offset, or reduction of any severance payment received thereunder. Middlefield further acknowledges that the payment of benefits by Middlef...ield under this Agreement is reasonable and shall be liquidated damages. The Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, nor shall any profits, income, earnings, or other benefits from any source whatsoever create any mitigation, offset, reduction, or any other obligation on the part of the Executive hereunder or otherwise. View More
Found in MIDDLEFIELD BANC CORP contract
No Mitigation Required. Middlefield The Company hereby acknowledges that it will be difficult and could be impossible (x) for the Executive to find reasonably comparable employment after termination and (y) to measure the amount of damages the Executive suffers as a result because of termination. Additionally, Middlefield the Company acknowledges that its general severance pay plans do not provide for mitigation, offset, or reduction of any severance payment received thereunder. Middlefield The Company further acknowle...dges that the payment of benefits by Middlefield the Company under this Agreement is reasonable and shall be liquidated damages. The Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, nor shall any profits, income, earnings, or other benefits from any source whatsoever create any mitigation, offset, reduction, or any other obligation on the part of the Executive hereunder or otherwise. View More
Found in INTERMOUNTAIN COMMUNITY BANCORP contract
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No Mitigation Required. With the exception of the health and dental insurance benefits described in paragraph 5(d), the amount of any payment provided for in this Agreement shall not be reduced by any compensation earned by Executive as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by Executive to the Bank, or otherwise.
Found in Eastern Bankshares, Inc. contract
No Mitigation Required. With the exception of the health and dental insurance benefits described in paragraph 5(d), the The amount of any payment provided for in this Agreement shall not be reduced by any compensation earned by Executive as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by Executive to the Bank, or otherwise.
Found in Eastern Bankshares, Inc. contract
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