Common use of Indemnification; Legal Fees Clause in Contracts

Indemnification; Legal Fees. The Company agrees that you will be entitled to the same indemnification rights as the Company grants to other officers of the Company, as in effect from time to time. The Company will maintain a directors and officers liability policy covering you with coverage comparable or equal to that provided to other officers of the Company. In the event of any dispute over your entitlement to payments or benefits hereunder, the Company shall advance you an amount equal to your monthly legal fees incurred in connection with such dispute until there is a final non-appealable decision by a court that you are not entitled to such payment or benefit.

Appears in 6 contracts

Samples: Employment Agreement (Nikola Corp), Employment Agreement (Nikola Corp), Nikola Corp

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