Common use of One Year Clause in Contracts

One Year. If the Company terminates Employee's employment hereunder for "cause" as set forth in Section 9(a) hereof, Employee shall not be entitled to receive any further compensation hereunder which has not already been earned pursuant to the terms hereof. Employee shall have no duty to mitigate the Company's damages hereunder; provided, that there shall be deducted from the amounts payable by the Company hereunder an amount equal to any compensation earned by Employee from other employment subsequent to such termination of his employment hereunder. Employee and the Company acknowledge that the foregoing provisions of this paragraph 9(b) are reasonable and are based upon the facts and circumstances of the parties at the time of entering into this Agreement, and with due regard to future expectations.