Common use of PAYMENT OF COSTS AND LEGAL FEES Clause in Contracts

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by the Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the Employers, plus interest on any delayed payment at the rate provided for in Section 7872(f)(2)(A) of the Code or any successor provision, unless (A) the Executive is wholly unsuccessful on the merits of such dispute or question of interpretation, as determined pursuant to a legal judgment, arbitration award or settlement (whether formal or informal) or (B) unless and to the extent the arbitrators shall determine that under the circumstances recovery by the Executive of all or a part of any such fees and costs and expenses would be unjust.