Common use of LITIGATION - OBLIGATIONS - SUCCESSORS Clause in Contracts

LITIGATION - OBLIGATIONS - SUCCESSORS. Notwithstanding the requirements of paragraph 13 hereof, if litigation shall be brought to challenge, enforce or interpret any provision contained in this Agreement, and such litigation does not end with judgment in favor of the Bank, the Bank hereby agrees to indemnify the Executive for his reasonable attorney's fees and disbursements incurred in such litigation, and hereby agrees to pay post-judgement interest on any money judgment obtained by the Executive calculated at the rate charged from time to time by The Fauquier Bank, to its most substantial customers for unsecured lines of credit from the date that payment(s) to him should have been made under the judgment to date of payment.

Appears in 4 contracts

Samples: Amendment to Agreement (Fauquier Bankshares Inc), Non Employee Director Stock Option Plan (Fauquier Bankshares Inc), Amendment to Agreement (Fauquier Bankshares Inc)

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