Common use of INDEMNIFICATION AND ATTORNEYS' FEES Clause in Contracts

INDEMNIFICATION AND ATTORNEYS' FEES. The Company shall pay to or on behalf of Mx. Xxxxx all reasonable costs, including legal fees, incurred by him in connection with or arising out of his consultation with legal counsel or in connection with or arising out of any action, suit or proceeding in which he may be involved, as a result of his efforts, in good faith, to defend or enforce the terms of this Agreement; provided, however, that this section 17 shall not obligate the Company to pay costs and legal fees on behalf of Mx. Xxxxx under this Agreement in excess of $50,000. Any payment or reimbursement to effect such indemnification shall be made no later than the last day of the calendar year following the calendar year in which Mx. Xxxxx incurs the expense or, if later, within sixty (60) days after the settlement or resolution that gives rise to Mx. Xxxxx’x right to reimbursement; provided, however, that Mx. Xxxxx shall have submitted to the Company documentation supporting such expenses at such time and in such manner as the Company may reasonably require.

Appears in 3 contracts

Samples: Employment Agreement (Dime Community Bancshares Inc), Employment Agreement (Dime Community Bancshares Inc), Employment Agreement (Dime Community Bancshares Inc)

AutoNDA by SimpleDocs

INDEMNIFICATION AND ATTORNEYS' FEES. The Company shall pay to or on behalf of Mx. Xxxxx Xxxxxxxxx all reasonable costs, including legal fees, incurred by him in connection with or arising out of his consultation with legal counsel or in connection with or arising out of any action, suit or proceeding in which he may be involved, as a result of his efforts, in good faith, to defend or enforce the terms of this Agreement; provided, however, that this section 17 shall not obligate the Company to pay costs and legal fees on behalf of Mx. Xxxxx Xxxxxxxxx under this Agreement in excess of $50,000. Any payment or reimbursement to effect such indemnification shall be made no later than the last day of the calendar year following the calendar year in which Mx. Xxxxx Xxxxxxxxx incurs the expense or, if later, within sixty (60) days after the settlement or resolution that gives rise to Mx. Xxxxx’x Xxxxxxxxx’x right to reimbursement; provided, however, that Mx. Xxxxx Xxxxxxxxx shall have submitted to the Company documentation supporting such expenses at such time and in such manner as the Company may reasonably require.

Appears in 3 contracts

Samples: Employment Agreement (Dime Community Bancshares Inc), Employment Agreement (Dime Community Bancshares Inc), Employment Agreement (Dime Community Bancshares Inc)

INDEMNIFICATION AND ATTORNEYS' FEES. The Company shall pay to or on behalf of Mx. Xxxxx Xxxxxx all reasonable costs, including legal fees, incurred by him in connection with or arising out of his consultation with legal counsel or in connection with or arising out of any action, suit or proceeding in which he may be involved, as a result of his efforts, in good faith, to defend or enforce the terms of this Agreement; provided, however, that this section 17 shall not obligate the Company to pay costs and legal fees on behalf of Mx. Xxxxx Xxxxxx under this Agreement in excess of $50,000. . Any payment or reimbursement to effect such indemnification shall be made no later than the last day of the calendar year following the calendar year in which Mx. Xxxxx Xxxxxx incurs the expense or, if later, within sixty (60) days after the settlement or resolution that gives rise to Mx. Xxxxx’x Xxxxxx’x right to reimbursement; provided, however, that Mx. Xxxxx Xxxxxx shall have submitted to the Company documentation supporting such expenses at such time and in such manner as the Company may reasonably require.

Appears in 2 contracts

Samples: Employment Agreement (Dime Community Bancshares Inc), Employment Agreement (Dime Community Bancshares Inc)

AutoNDA by SimpleDocs

INDEMNIFICATION AND ATTORNEYS' FEES. The Company shall pay to or on behalf of Mx. Xxxxx Xxxxxx all reasonable costs, including legal fees, incurred by him in connection with or arising out of his consultation with legal counsel or in connection with or arising out of any action, suit or proceeding in which he may be involved, as a result of his efforts, in good faith, to defend or enforce the terms of this Agreement; provided, however, that this section 17 shall not obligate the Company to pay costs and legal fees on behalf of Mx. Xxxxx Xxxxxx under this Agreement in excess of $50,000. Any payment or reimbursement to effect such indemnification shall be made no later than the last day of the calendar year following the calendar year in which Mx. Xxxxx Xxxxxx incurs the expense or, if later, within sixty (60) days after the settlement or resolution that gives rise to Mx. Xxxxx’x Xxxxxx’x right to reimbursement; provided, however, that Mx. Xxxxx Xxxxxx shall have submitted to the Company documentation supporting such expenses at such time and in such manner as the Company may reasonably require.

Appears in 1 contract

Samples: Employment Agreement (Dime Community Bancshares Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!