Reimbursement of Employee for Enforcement Proceedings. In the event that any dispute arises between the Employee and the Bank as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a canceled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 6 contracts
Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Frankfort First Bancorp Inc), Frankfort First Bancorp Inc
Reimbursement of Employee for Enforcement Proceedings. In the event ----------------------------------------------------- that any dispute arises between the Employee and the Bank Company as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank Company written evidence, which may be in the form, among other things, of a canceled cancelled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 4 contracts
Samples: Employment Agreement (Newsouth Bancorp Inc), Employment Agreement (First South Bancorp Inc /Va/), Employment Agreement (Rocky Ford Financial Inc)
Reimbursement of Employee for Enforcement Proceedings. In the event that any dispute arises between the Employee and the Bank as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of the Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a canceled cancelled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 3 contracts
Samples: Employment Agreement (Norwood Financial Corp), Employment Agreement (Norwood Financial Corp), Employment Agreement (Norwood Financial Corp)
Reimbursement of Employee for Enforcement Proceedings. In the event ----------------------------------------------------- that any dispute arises between the Employee and the Bank as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of the Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a canceled cancelled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 2 contracts
Samples: Employment Agreement (Cumberland Mountain Bancshares Inc), Employment Agreement (Cumberland Mountain Bancshares Inc)
Reimbursement of Employee for Enforcement Proceedings. In the event ----------------------------------------------------- that any dispute arises between the Employee and the Bank as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a canceled cancelled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 2 contracts
Samples: Employment Agreement (First South Bancorp Inc /Va/), Employment Agreement (Newsouth Bancorp Inc)
Reimbursement of Employee for Enforcement Proceedings. In the event ----------------------------------------------------- that any dispute arises between the Employee and the Bank as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a canceled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 2 contracts
Samples: Employment Agreement (North Arkansas Bancshares Inc), Employment Agreement (North Arkansas Bancshares Inc)
Reimbursement of Employee for Enforcement Proceedings. In the event ----------------------------------------------------- that any dispute arises between the Employee and the Bank as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of the Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a canceled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 2 contracts
Samples: Employment Agreement (Community National Corp /Tn), Employment Agreement (Norwood Financial Corp)
Reimbursement of Employee for Enforcement Proceedings. In the event that any dispute arises between the Employee and the Bank Association as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank Association or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his her favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank Association written evidence, which may be in the form, among other things, of a canceled cancelled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 2 contracts
Samples: United Tennessee Bankshares Inc, United Tennessee Bankshares Inc
Reimbursement of Employee for Enforcement Proceedings. In the event that any dispute arises between the Employee and the Bank as to the terms or interpretation of this Agreement, whether instituted by b y formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a canceled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 2 contracts
Samples: Kentucky First Federal Bancorp, Frankfort First Bancorp Inc
Reimbursement of Employee for Enforcement Proceedings. In the event ----------------------------------------------------- that any dispute arises between the Employee and the Bank Association as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank Association or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank Association written evidence, which may be in the form, among other things, of a canceled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 2 contracts
Samples: Employment Agreement (Peoples Bancorp Inc /Ny/), Employment Agreement (Peoples Bancorp Inc /Ny/)
Reimbursement of Employee for Enforcement Proceedings. In the event that any dispute arises between the Employee and the Bank or the Company as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a canceled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 1 contract
Samples: Agreement (Glen Burnie Bancorp)
Reimbursement of Employee for Enforcement Proceedings. In the event that any dispute arises between the Employee and the Bank as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' attorneys’ fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment by a court of competent jurisdiction substantially in his favor. Such reimbursement reimbursement shall be paid within ten (10) days of the Employee's ’s furnishing to the Bank written evidence, which may be in the form, among other things, of a canceled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 1 contract
Reimbursement of Employee for Enforcement Proceedings. In the event that any dispute arises between the Employee and the Bank as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a canceled cancelled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 1 contract
Samples: Employment Agreement (First South Bancorp Inc /Va/)
Reimbursement of Employee for Enforcement Proceedings. In the ----------------------------------------------------- event that any dispute arises between the Employee and the Bank Company as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank Company or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank Company written evidence, which may be in the form, among other things, of a canceled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 1 contract
Samples: Agreement (Firstfed Bancorp Inc)
Reimbursement of Employee for Enforcement Proceedings. In the event that any dispute arises between the Employee and the Bank Company as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank Company written evidence, which may be in the form, among other things, of a canceled cancelled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 1 contract
Reimbursement of Employee for Enforcement Proceedings. In the event that any dispute arises between the Employee and the Bank as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of the Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a canceled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 1 contract
Reimbursement of Employee for Enforcement Proceedings. In the event that any dispute arises between the Employee and the Bank Association as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank Association or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank Association written evidence, which may be in the form, among other things, of a canceled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 1 contract
Samples: United Tennessee Bankshares Inc
Reimbursement of Employee for Enforcement Proceedings. In the event that any dispute arises between the Employee and the Bank Association as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Employee takes to defend against any action taken by the Bank Association or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgment judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten days of the Employee's furnishing to the Bank Association written evidence, which may be in the form, among other things, of a canceled cancelled check or receipt, of any costs or expenses incurred by the Employee.
Appears in 1 contract
Samples: United Tennessee Bankshares Inc