Cost of Enforcement; Interest. If the Executive collects any part of the Severance Amount or other benefits hereunder or otherwise enforces the terms of this Agreement through a lawyer or lawyers, the Corporation shall pay all cost of such collection or enforcement, including reasonable legal fees incurred by the Executive. In addition the Corporation shall pay the Executive interest on all or any part of the Severance Amount or other benefits hereunder that is not paid when due at a rate equal to the Prime Rate as announced by the Wall Street Journal in its Money Rates column from time to time.
Appears in 5 contracts
Samples: Change of Control Agreement (Summit Bank Corp), Change in Control Agreement (Summit Bank Corp), Change in Control Agreement (Summit Bank Corp)
