No Mitigation Clause Example from Business Contracts

This example No Mitigation clause appears in 2 contracts from 2 companies

No Mitigation. The Company agrees that, if the Executive's employment with the Company terminates during the Term, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company pursuant to Section 6 hereof or Section 7.4 hereof. Further, except as specifically provided in Section 6.1(B) hereof, no payment or benefit provided for in this Agreement shall be reduced by any compensation earned by the Executive as the result of employme...nt by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company, or otherwise. View More Arrow
Baxter International Inc. Contracts

SEVERANCE AGREEMENT (Filed With SEC on February 21, 2014)