Common use of Payment of Certain Costs Clause in Contracts

Payment of Certain Costs. Except as otherwise provided in Section 18, if a dispute arises regarding a termination of the Executive or the interpretation or enforcement of this Agreement, subsequent to a Change in Control, all of the reasonable legal fees and expenses incurred by the Executive and all Arbitration Costs (as hereafter defined) in contesting any such termination or obtaining or enforcing all or part of any right or benefit provided for in this Agreement or in otherwise pursuing all or part of his claim will be paid by the Company, unless prohibited by law. The Company further agrees to pay pre-judgment interest on any money judgment obtained by the Executive calculated at the prime interest rate reported in THE WALL STREET JOURNAL in effect from time to time from the date that payment to him should have been made under this Agreement.

Appears in 7 contracts

Samples: Change in Control Agreement (Interim Services Inc), Change in Control Agreement (Spherion Corp), Change in Control Agreement (Interim Services Inc)

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Payment of Certain Costs. Except as otherwise provided in Section 18, if a dispute arises regarding a termination of the Executive or the interpretation or enforcement of this Agreement, subsequent to a Change in Control, all of the reasonable legal fees and expenses incurred by the Executive and all Arbitration Costs (as hereafter defined) in contesting any such termination or obtaining or enforcing all or part of any right or benefit provided for in this Agreement or in otherwise pursuing all or part of his [her/his] claim will be paid by the Company, unless prohibited by law. The Company further agrees to pay pre-judgment interest on any money judgment obtained by the Executive calculated at the prime interest rate reported in THE WALL STREET JOURNAL The Wall Street Journal in effect from time to time from the date that payment to him [her/his] should have been made under this Agreement.

Appears in 4 contracts

Samples: Change in Control Agreement (Spherion Corp), Change in Control Agreement (Spherion Corp), Change in Control Agreement (Spherion Corp)

Payment of Certain Costs. Except as otherwise provided in Section 18, if a dispute arises regarding a termination of the Executive or the interpretation or enforcement of this Agreement, subsequent to a Change in Control, all of the reasonable legal fees and expenses incurred by the Executive and all Arbitration Costs (as hereafter defined) in contesting any such termination or obtaining or enforcing all or part of any right or benefit provided for in this Agreement or in otherwise pursuing all or part of his her claim will be paid by the Company, unless prohibited by law. The Company further agrees to pay pre-judgment interest on any money judgment obtained by the Executive calculated at the prime interest rate reported in THE WALL STREET JOURNAL in effect from time to time from the date that payment to him her should have been made under this Agreement.

Appears in 3 contracts

Samples: Change in Control Agreement (Spherion Corp), Change in Control Agreement (Spherion Corp), Change in Control Agreement (Spherion Corp)

Payment of Certain Costs. Except as otherwise provided in Section 18, if a dispute arises regarding a termination of the Executive or the interpretation or enforcement of this Agreement, subsequent to a Change in Control, all of the reasonable legal fees and expenses incurred by the Executive and all Arbitration Costs (as hereafter defined) in contesting any such termination or obtaining or enforcing all or part of any right or benefit provided for in this Agreement or in otherwise pursuing all or part of his claim will be paid by the Company, unless prohibited by law. The Company further agrees to pay pre-judgment interest on any money judgment obtained by the Executive calculated at the prime interest rate reported in THE WALL STREET JOURNAL in effect from time to time from the date that payment to him his should have been made under this Agreement.

Appears in 2 contracts

Samples: Change in Control Agreement (Spherion Corp), Change in Control Agreement (Spherion Corp)

Payment of Certain Costs. Except as otherwise provided in Section 18, if a dispute arises regarding a termination of the Executive or the interpretation or enforcement of this Agreement, subsequent to a Change in Control, all of the reasonable legal fees and expenses incurred by the Executive and all Arbitration Costs (as hereafter defined) in contesting any such termination or obtaining or enforcing all or part of any right or benefit provided for in this Agreement or in otherwise pursuing all or part of his her claim will be paid by the Company, unless prohibited by law. The Company further agrees to pay pre-judgment interest on any money judgment obtained by the Executive calculated at the prime interest rate reported in THE WALL STREET JOURNAL The Wall Street Journal in effect from time to time from the date that payment to him her should have been made under this Agreement.

Appears in 2 contracts

Samples: Change in Control Agreement (Spherion Corp), Change in Control Agreement (Spherion Corp)

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Payment of Certain Costs. Except as otherwise provided in Section 18, if a dispute arises regarding a termination of the Executive or the interpretation or enforcement of this Agreement, subsequent to a Change in Control, all of the reasonable legal fees and expenses incurred by the Executive and all Arbitration Costs (as hereafter defined) in contesting any such termination or obtaining or enforcing all or part of any right or benefit provided for in this Agreement or in otherwise pursuing all or part of his claim will be paid by the Company, unless prohibited by law. The Company further agrees to pay pre-judgment interest on any money judgment obtained by the Executive calculated at the prime interest rate reported in THE WALL STREET JOURNAL The Wall Street Journal in effect from time to time from the date that payment to him his should have been made under this Agreement.

Appears in 2 contracts

Samples: Change in Control Agreement (Spherion Corp), Change in Control Agreement (Spherion Corp)

Payment of Certain Costs. Except as otherwise provided in Section 1818(c)(v), if a dispute arises regarding a termination of the Executive or the interpretation or enforcement of this Agreement, subsequent to a Change in Control, all of the reasonable legal fees and expenses incurred by the Executive and all Arbitration Costs (as hereafter defined) in contesting any such termination or obtaining or enforcing all or part of any right or benefit provided for in this Agreement or in otherwise pursuing all or part of his or her claim will be paid by the Company, unless prohibited by law. The Company further agrees to pay pre-judgment interest on any money judgment obtained by the Executive calculated at the prime interest rate reported in THE WALL STREET JOURNAL The Wall Street Journal in effect from time to time from the date that payment to him or her should have been made under this Agreement.

Appears in 1 contract

Samples: Termination Benefits Agreement (McDonnell Douglas Corp)

Payment of Certain Costs. Except as otherwise provided in Section 1818(c)(v), if a dispute arises regarding a termination of the Executive or the interpretation or enforcement of this Agreement, subsequent to a Change in Control, all of the reasonable legal fees and expenses incurred by the Executive and all Arbitration Costs (as hereafter defined) in contesting any such termination or obtaining or enforcing all or part of any right or benefit provided for in this Agreement or in otherwise pursuing all or part of his or her claim will be paid by the Company, unless prohibited by law. The Company further agrees to pay pre-judgment interest on any money judgment obtained by the Executive calculated at the prime interest rate reported in THE WALL STREET JOURNAL "The Wall Street Journal" in effect from time to time from the date that payment to him or her should have been made under this Agreement.

Appears in 1 contract

Samples: Termination Benefits Agreement (McDonnell Douglas Corp)

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