Common use of Litigation; Attorneys' Fees Clause in Contracts

Litigation; Attorneys' Fees. In connection with any litigation arising out of the enforcement of this Agreement or for its interpretation, the prevailing party shall be entitled to recover its costs, including reasonable attorneys' fees, at the trial and all appellate levels from the other party hereto, who was the adverse party to such litigation; however, the Company will advance to the Executive a minimum of $10,000, if the Company files any litigation as a result of this Agreement to cover Executive's legal costs and continue to fund Executive's legal defense fees to the extent required to defend against the Company's actions. In addition, the Company agrees to pay for any and all legal work or representation required to defend and or settle any claims made by or against Executive as a result of his employment with the Company.

Appears in 4 contracts

Samples: Officer/ Director Employment Agreement (Tara Gold Resources Corp.), Officer/ Director Employment Agreement (Tara Gold Resources Corp.), Employment Agreement (American Stellar Energy Inc.)

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Litigation; Attorneys' Fees. In connection with any litigation arising out of the enforcement of this Agreement or for its interpretation, the prevailing party shall be entitled to recover its costs, including reasonable attorneys' fees, at the trial and all appellate levels from the other party hereto, who was the adverse party to such litigation; however, the Company will advance to the Executive Consultant a minimum of $10,000, if the Company files any litigation as a result of this Agreement to cover ExecutiveConsultant's legal costs and continue to fund ExecutiveConsultant's legal defense fees to the extent required to defend against the Company's actions. In addition, the Company agrees to pay for any and all legal work or representation required to defend and or settle any claims made by or against Executive Consultant as a result of his employment with the Company.

Appears in 1 contract

Samples: Consulting Agreement (Tara Minerals Corp.)

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Litigation; Attorneys' Fees. In connection with any litigation arising out of the enforcement of this Agreement or for its interpretation, the prevailing party shall be entitled to recover its costs, including reasonable attorneys' fees, at the trial and all appellate levels from the other party hereto, who was the adverse party to such litigation; however, the Company will advance to the Executive a minimum of $10,000, if the Company files any litigation as a result of this Agreement to cover Executive's legal costs and continue to fund Executive's legal defense fees to the extent required to defend against the Company's actions. In addition, the Company agrees to pay for any and all legal work or representation required to defend and or settle any claims made by or against Executive as a result of his employment with the Company, while this Agreement is in effect or any time thereafter.

Appears in 1 contract

Samples: Employment Agreement (Tara Gold Resources Corp.)

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