Common use of Executive Covenant Clause in Contracts

Executive Covenant. Following his employment with the Company, to the extent the Company reasonably so requests, Executive agrees to cooperate with the Company and its counsel in the contest or defense of, and to provide any testimony and access to his books and records in connection with, any action, arbitration, audit, hearing, investigation, litigation or suit involving or relating to any action, activity, circumstance, condition, conduct, event, fact, failure to act, incident, occurrence, plan, practice, situation, status or transaction involving the Company while he was employed by the Company. The Company shall reimburse Executive for all reasonable expenses incurred by Executive in connection with providing such cooperation. For its part, the Company shall (i) make every reasonable effort to arrange for such cooperation to be provided by Executive at mutually-convenient times and places and otherwise in a manner that does not interfere unreasonably with Executive’s employment, search for employment, or retirement, and (ii) compensate Executive reasonably for any professional services rendered (except in a situation where Executive is providing testimony in a court of law or administrative proceeding on behalf of the Company, in which case Executive shall only receive legally mandated witness fees and reimbursement of his reasonable expenses).