Common use of Legal Fees and Expense Clause in Contracts

Legal Fees and Expense. The Corporation shall pay Executive’s out-of-pocket expenses, including attorneys’ fees, but not to exceed a total of $15,000 for any proceeding or group of related proceedings to enforce, construe or determine the validity of the provisions for termination benefits in accordance with this Agreement, provided, however, that if any arbitration or litigation results in a finding in favor of Executive contrary to the position of the Corporation, then Executive will be reimbursed for all reasonable legal and related costs regardless of the limitation set forth above; and further provided that in no event will Executive be held liable for the legal and related costs of the Corporation in an event of a finding in favor of the Corporation. Amounts, if any, paid to the Executive pursuant to this Section 15 shall be in addition to all other amounts due to executive pursuant to this Agreement.

Legal Fees and Expense. The Corporation shall pay Executive’s out-of-pocket expenses, including attorneys’ fees, but not to exceed a total of $15,000 10,000 for any proceeding or group of related proceedings to enforce, construe or determine the validity of the provisions for termination benefits in accordance with this Agreement, provided, however, that if any arbitration or litigation results in a finding in favor of Executive contrary to the position of the Corporation, then Executive will be reimbursed for all reasonable legal and related costs regardless of the limitation set forth above; and further provided that in no event will Executive be held liable for the legal and related costs of the Corporation in an event of a finding in favor of the Corporation. Amounts, if any, paid to the Executive pursuant to this Section 15 shall be in addition to all other amounts due to executive pursuant to this Agreement.