Payment of Legal Expenses. The Bank shall pay all legal fees and ------------------------- expenses (as such fees and expenses are incurred) which the Executive may incur as a result of any action ultimately found in favor of the Executive contesting the validity or enforceability of this Agreement, and the Executive shall be entitled to receive interest thereon for the period of any delay in payment from the date such payment was due at the rate determined by adding two hundred basis points to the six month Treasury Xxxx rate.
Appears in 4 contracts
Samples: Employment Agreement (Frontier National Corp), Employment Agreement (Frontier National Corp), Employment Agreement (Valley National Corp /Al/)
