Common use of Legal Fees; Arbitration Clause in Contracts

Legal Fees; Arbitration. As soon as administratively possible following the Commencement Date and in any case, within 10 business days thereafter, the Company shall reimburse Executive for his legal fees and expenses associated with the preparation and negotiation of this Agreement. If any contest or dispute arises between the parties with respect to this Agreement, such contest or dispute shall be submitted to binding arbitration for resolution in Fort Lauderdale, Florida in accordance with the rules and procedures of the Employment Dispute Resolution Rules of the American Arbitration Association then in effect. The decision of the arbitrator shall be final and binding on both parties, and any court of competent jurisdiction may enter judgment upon the award. The Company shall pay all expenses relating to such arbitration. In addition, the Company shall pay Executive's legal fees and expenses incurred in any such dispute if he prevails on any of the material claims raised in such dispute.

Appears in 3 contracts

Samples: Employment Agreement (Mmax Media, Inc.), Employment Agreement (Theglobe Com Inc), Employment Agreement (Theglobe Com Inc)

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Legal Fees; Arbitration. As soon as administratively possible following the Commencement Date and in any case, within 10 business days thereafter, the Company shall reimburse Executive for his her legal fees and expenses associated with the preparation and negotiation of this Agreement. If any contest or dispute arises between the parties with respect to this Agreement, such contest or dispute shall be submitted to binding arbitration for resolution in Fort Lauderdale, Florida in accordance with the rules and procedures of the Employment Dispute Resolution Rules of the American Arbitration Association then in effect. The decision of the arbitrator shall be final and binding on both parties, and any court of competent jurisdiction may enter judgment upon the award. The Company shall pay all expenses relating to such arbitration. In addition, the Company shall pay Executive's legal fees and expenses incurred in any such dispute if he she prevails on any of the material claims raised in such dispute.

Appears in 1 contract

Samples: Employment Agreement (Theglobe Com Inc)

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