Common use of Post-Termination Defense of Claims Clause in Contracts

Post-Termination Defense of Claims. In the event that Executive and/or Kreido are named as defendants in any legal proceeding arising from the operation of Kreido’s business, Kreido shall defend, indemnify and hold Executive harmless to the full extent required by law. Kreido shall provide Executive with defense counsel of Kreido’s choosing, but who is also reasonably acceptable to Executive. In the event Executive’s interests in the proceeding are adverse to Kreido’s interests, Kreido shall provide Executive with the reasonable costs and fees of an attorney of Executive’s choosing.

Appears in 8 contracts

Samples: Employment Agreement (Kreido Biofuels, Inc.), Employment Agreement (Kreido Biofuels, Inc.), Employment Agreement (Kreido Biofuels, Inc.)

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