Common use of Expenses of Adjudication Clause in Contracts

Expenses of Adjudication. In the event that the Executive, pursuant to this Section 7.5, seeks a judicial adjudication of or an award in arbitration to enforce the Executive’s rights under, or to recover damages for breach of, this Agreement, the Executive shall be entitled to recover from the Company, and shall be indemnified by the Company against, any and all Expenses actually and reasonably incurred by the Executive in such adjudication or arbitration, but only if and to the extent that the Executive prevails therein.

Appears in 3 contracts

Samples: Executive Employment Agreement (Nabors Industries LTD), Executive Employment Agreement (Nabors Industries LTD), Executive Employment Agreement (Nabors Industries LTD)

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Expenses of Adjudication. In the event that the Executive, pursuant to this Section 7.518, seeks a judicial adjudication of or an award in arbitration to enforce the Executive’s 's rights under, or to recover damages for breach of, this Agreement, the Executive shall be entitled to recover from the CompanyCorporation, and shall be indemnified by the Company against, any and all Expenses actually and reasonably incurred by the Executive in such adjudication or arbitration, but only if and to the extent that the Executive prevails therein.

Appears in 2 contracts

Samples: Employment Agreement (Nabors Industries Inc), Employment Agreement (Nabors Industries Inc)

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