Common use of Reimbursement of Employee for Enforcement Proceedings Clause in Contracts

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, 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 judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a cancelled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Employment Agreement (HCB Bancshares Inc)

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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, 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 judgement by a court of competent jurisdiction substantially in his her favor. Such reimbursement shall be paid within ten (10) days of Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a cancelled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Employment Agreement (HCB Bancshares 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 BankCompany, 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 judgement judgment by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of Employee's furnishing to the Bank Company written evidence, which may be in the form, among other things, of a cancelled canceled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Employment Agreement (HCB 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, 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 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 cancelled 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 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 BankBank 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 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 cancelled canceled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Agreement (Frankfort First 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 BankBank 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 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 cancelled canceled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Agreement (Tri County Financial Corp /Md/)

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 BankAssociation 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 judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of Employee's furnishing to the Bank Association written evidence, which may be in the form, among other things, of a cancelled canceled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Agreement (High Country 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 BankBank 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 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 cancelled canceled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Employment Agreement (Tri County Financial Corp /Md/)

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 BankBank or the Company, the Employee shall be reimbursed for all costs and expenses, including reasonable attorneysattor neys' fees, arising from such dispute, proceedings or actions, provided that the Employee obtains either a written settlement or a final judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a cancelled canceled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Employment Agreement (Community National Corp /Tn)

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, 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 judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a cancelled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Employment Agreement (HCB Bancshares 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 BankCompany, 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 judgement by a court of competent jurisdiction substantially in his her favor. Such reimbursement shall be paid within ten (10) days of Employee's furnishing to the Bank Company written evidence, which may be in the form, among other things, of a cancelled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Employment Agreement (HCB Bancshares Inc)

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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 BankBank 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 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 cancelled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Agreement (1st State 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 BankAssociation 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 judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of Employee's furnishing to the Bank Association written evidence, which may be in the form, among other things, of a cancelled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: High Country 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 BankCompany, 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 judgement by a court of competent jurisdiction substantially in his her favor. Such reimbursement shall be paid within ten (10) days of Employee's furnishing to the Bank Company written evidence, which may be in the form, among other things, of a cancelled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Employment Agreement (HCB Bancshares 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 BankAssociation, 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 judgement by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of Employee's furnishing to the Bank Association written evidence, which may be in the form, among other things, of a cancelled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: 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 BankBank 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 judgement judgment by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of Employee's furnishing to the Bank written evidence, which may be in the form, among other things, of a cancelled canceled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Employment Agreement (Norwood Financial Corp)

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 BankCompany, 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 judgement judgment by a court of competent jurisdiction substantially in his favor. Such reimbursement shall be paid within ten (10) days of Employee's furnishing to the Bank Company written evidence, which may be in the form, among other things, of a cancelled canceled check or receipt, of any costs or expenses incurred by the Employee.

Appears in 1 contract

Samples: Employment Agreement (HCB Bancshares Inc)

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