Common use of Payment by Company Clause in Contracts

Payment by Company. Subject to Section 7.2 below, the Company shall pay all reasonable legal fees and related expenses (including the costs of experts, counsel and tax advisors) incurred by the Executive as they become due as a result of or in connection with (i) the negotiation of this Agreement and the Executive’s compliance with Section 5 of this Agreement, (ii) the Executive’s termination of employment (including all such fees and expenses, if any, incurred in contesting or disputing any such termination of employment), (iii) the Executive seeking to obtain or enforce any right or benefit provided by this Agreement (including any such fees and expenses incurred in connection therewith) or by any other plan or arrangement maintained by the Company under which the Executive is or may be entitled to receive benefits, and (iv) the Executive’s hearing before the Board as contemplated in Section 2(d) of this Agreement, provided that the circumstances set forth in clauses (ii) and (iii) of this Section 7.1 (other than as a result of the Executive’s termination of employment under circumstances described in clauses (ii)(A), (ii)(B) and (ii)(C) of the last paragraph of Section 2(e) and the last paragraph of Section 2(g)) occurred on or after a Change in Control.

Appears in 4 contracts

Samples: Severance Protection Agreement (Superior Uniform Group Inc), Severance Protection Agreement (Superior Uniform Group Inc), Severance Protection Agreement (Superior Uniform Group Inc)

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