Common use of LEGAL AND ENFORCEMENT COSTS Clause in Contracts

LEGAL AND ENFORCEMENT COSTS. The provisions of this Section 20 shall apply if it becomes necessary or desirable for the Executive to retain legal counsel or incur other costs and expenses in connection with enforcing any and all rights under this Agreement or any other compensation plan maintained by the Company, including, but not limited to, the Xxxxxx Laboratories Deferred Compensation Plan, the Xxxxxx Laboratories 1996 Incentive Stock Program, the 1998 Xxxxxx Laboratories Performance Incentive Plan, the Xxxxxx Laboratories 401(k) Supplemental Plan, the Xxxxxx Laboratories Supplemental Pension Plan, the 1986 Xxxxxx Laboratories Management Incentive Plan or, in each case, any trust adopted pursuant thereto: (a) The Executive shall be entitled to recover from the Company reasonable attorneys’ fees, costs and expenses incurred in connection with such enforcement or defense. (b) Payments required under this Section 20 shall be made by the Company to the Executive (or directly to the Executive’s attorney) as such attorney’s fees, costs, and expenses are incurred, upon the Executive’s prompt submission to the Company of appropriate documentation evidencing the incurrence of such attorneys’ fees, costs, and expenses. (c) The Executive shall be entitled to select legal counsel; provided, however, that such right of selection shall not affect the requirement that any costs and expenses reimbursable under this Section 20 be reasonable. (d) The Executive’s rights to payments under this Section 20 shall not be affected by the final outcome of any dispute with the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Abbott Laboratories)

AutoNDA by SimpleDocs

LEGAL AND ENFORCEMENT COSTS. The provisions of this Section 20 shall apply if it becomes necessary or desirable for the Executive to retain legal counsel or incur other costs and expenses in connection with enforcing any and all rights under this Agreement or any other compensation plan maintained by the Company, including, but not limited to, the Xxxxxx Laboratories AbbVie 2013 Amended and Restated Incentive Stock Program, the AbbVie 2013 Management Incentive Plan, the AbbVie Performance Incentive Plan, the AbbVie Deferred Compensation Plan, the Xxxxxx Laboratories 1996 Incentive Stock Program, the 1998 Xxxxxx Laboratories Performance Incentive Plan, the Xxxxxx Laboratories 401(k) Supplemental Plan, the Xxxxxx Laboratories AbbVie Supplemental Pension Plan, the 1986 Xxxxxx Laboratories Management Incentive Plan AbbVie Supplemental Savings Plan, or, in each case, any trust adopted pursuant thereto: (a) The Executive shall be entitled to recover from the Company reasonable attorneys’ fees, costs costs, and expenses incurred in connection with such enforcement or defense. (b) Payments required under this Section 20 shall be made by the Company to the Executive (or directly to the Executive’s attorney) ), as such attorney’s fees, costs, and expenses are incurred, upon the Executive’s prompt submission to the Company of appropriate documentation evidencing the incurrence of such attorneys’ fees, costs, and expenses. (c) The Executive shall be entitled to select legal counsel; provided, however, that such right of selection shall not affect the requirement that any costs and expenses reimbursable under this Section 20 be reasonable. (d) The Executive’s rights to payments under this Section 20 shall not be affected by the final outcome of any dispute with the Company.

Appears in 1 contract

Samples: Change in Control Agreement (AbbVie Inc.)

LEGAL AND ENFORCEMENT COSTS. The provisions of this Section 20 shall apply if it becomes necessary or desirable for the Executive to retain legal counsel or incur other costs and expenses in connection with enforcing any and all rights under this Agreement or any other compensation plan maintained by the Company, including, but not limited to, the Xxxxxx Laboratories AbbVie Inc. 2013 Incentive Stock Program, the AbbVie 2013 Management Incentive Plan, the AbbVie 2013 Performance Incentive Plan, the AbbVie Deferred Compensation Plan, the Xxxxxx Laboratories 1996 Incentive Stock Program, the 1998 Xxxxxx Laboratories Performance Incentive Plan, the Xxxxxx Laboratories 401(k) Supplemental Plan, the Xxxxxx Laboratories AbbVie Supplemental Pension Plan, the 1986 Xxxxxx Laboratories Management Incentive AbbVie Supplemental Savings Plan or, in each case, any trust adopted pursuant thereto: (a) The Executive shall be entitled to recover from the Company reasonable attorneys’ fees, costs and expenses incurred in connection with such enforcement or defense. (b) Payments required under this Section 20 shall be made by the Company to the Executive (or directly to the Executive’s attorney) as such attorney’s fees, costs, and expenses are incurred, upon the Executive’s prompt submission to the Company of appropriate documentation evidencing the incurrence of such attorneys’ fees, costs, and expenses. (c) The Executive shall be entitled to select legal counsel; provided, however, that such right of selection shall not affect the requirement that any costs and expenses reimbursable under this Section 20 be reasonable. (d) The Executive’s rights to payments under this Section 20 shall not be affected by the final outcome of any dispute with the Company.

Appears in 1 contract

Samples: Change in Control Agreement (AbbVie Inc.)

LEGAL AND ENFORCEMENT COSTS. The provisions of this Section 20 shall apply if it becomes necessary or desirable for the Executive to retain legal counsel or incur other costs and expenses in connection with enforcing any and all rights under this Agreement or any other compensation plan maintained by the Company, including, but not limited to, the Xxxxxx Laboratories Deferred Compensation Plan, the Xxxxxx Laboratories 1996 Incentive Stock Program, the Xxxxxx Laboratories 2009 Incentive Stock Program, the 1998 Xxxxxx Laboratories Performance Incentive Plan, the Xxxxxx Laboratories 401(k) Supplemental Plan, the Xxxxxx Laboratories Supplemental Pension Plan, the 1986 Xxxxxx Laboratories Management Incentive Plan or, in each case, any trust adopted pursuant thereto: (a) The Executive shall be entitled to recover from the Company reasonable attorneys’ fees, costs and expenses incurred in connection with such enforcement or defense. (b) Payments required under this Section 20 shall be made by the Company to the Executive (or directly to the Executive’s attorney) as such attorney’s fees, costs, and expenses are incurred, upon the Executive’s prompt submission to the Company of appropriate documentation evidencing the incurrence of such attorneys’ fees, costs, and expenses. (c) The Executive shall be entitled to select legal counsel; provided, however, that such right of selection shall not affect the requirement that any costs and expenses reimbursable under this Section 20 be reasonable. (d) The Executive’s rights to payments under this Section 20 shall not be affected by the final outcome of any dispute with the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Abbott Laboratories)

AutoNDA by SimpleDocs

LEGAL AND ENFORCEMENT COSTS. The provisions of this Section 20 19 shall apply if it becomes necessary or desirable for the Executive to retain legal counsel or incur other costs and expenses in connection with enforcing any and all rights under this Agreement or any other compensation plan maintained by the Company, including, but not limited to, the Xxxxxx Laboratories Deferred Compensation Plan, the Xxxxxx Laboratories 1991 Incentive Stock Program, the Xxxxxx Laboratories 1996 Incentive Stock Program, the 1998 Xxxxxx Laboratories Performance Incentive Plan, the Xxxxxx Laboratories 401(k) Supplemental Plan, the Xxxxxx Laboratories Supplemental Pension Plan, the 1986 Xxxxxx Laboratories Management Incentive Plan or, in each case, any trust adopted pursuant thereto: (a) The Executive shall be entitled to recover from the Company reasonable attorneys' fees, costs and expenses incurred in connection with such enforcement or defense. (b) Payments required under this Section 20 19 shall be made by the Company to the Executive (or directly to the Executive’s 's attorney) as such attorney’s fees, costs, and expenses are incurred, upon the Executive’s prompt promptly following submission to the Company of appropriate documentation evidencing the incurrence of such attorneys' fees, costs, and expenses. (c) The Executive shall be entitled to select legal counsel; provided, however, that such right of selection shall not affect the requirement that any costs and expenses reimbursable under this Section 20 19 be reasonable. (d) The Executive’s 's rights to payments under this Section 20 19 shall not be affected by the final outcome of any dispute with the Company.

Appears in 1 contract

Samples: Agreement Regarding Change in Control (Abbott Laboratories)

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