Common use of Reimbursement of Executive’s Expenses to Enforce this Agreement Clause in Contracts

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company take some action specified by this Agreement: (i) as a result of court order; or (ii) otherwise by the Company following an initial failure of the Company to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 11 contracts

Samples: Employment Agreement (Newport Bancorp Inc), Employment Agreement (Newport Bancorp Inc), Employment Agreement (Chicopee Bancorp, Inc.)

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Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company and the Bank shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company and the Bank to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company and the Bank take some action specified by this Agreement: (i) as a result of court order; or (ii) otherwise by the Company and the Bank following an initial failure of the Company and the Bank to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 10 contracts

Samples: Employment Agreement (Ocean Shore Holding Co.), Employment Agreement (Ocean Shore Holding Co), Employment Agreement (Ottawa Savings Bancorp, Inc.)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company Bank shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s attorneys’ fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company Bank to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company Bank take some action specified by this Agreement: (i) as a result of a court order; or (ii) otherwise by the Company Bank following an initial failure of the Company Bank to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 8 contracts

Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company Bank shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company Bank to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company Bank take some action specified by this Agreement: (i) as a result of court order; or (ii) otherwise by the Company Bank following an initial failure of the Company Bank to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 7 contracts

Samples: Agreement (Chicopee Bancorp, Inc.), Employment Agreement (Chicopee Bancorp, Inc.), Employment Agreement (Equitable Financial Corp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company Bank shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s attorneys' fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company Bank to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company Bank take some action specified by this Agreement: (i) as a result of a court order; or (ii) otherwise by the Company Bank following an initial failure of the Company Bank to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 5 contracts

Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company Association shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company Association to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company Association take some action specified by this Agreement: (i) as a result of court order; or (ii) otherwise by the Company Association following an initial failure of the Company Association to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 4 contracts

Samples: Employment Agreement (NEBS Bancshares, Inc.), Enfield Federal (NEBS Bancshares, Inc.), Employment Agreement (New England Bancshares, Inc.)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s attorneys’ fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company and the Bank take some action specified by this Agreement: (i) as a result of a court order; or (ii) otherwise by the Company following an initial failure of the Company to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 4 contracts

Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company Bank shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company Bank to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company Bank take some action specified by this Agreement: (i) as a result of court order; or (ii) otherwise by the Company Bank following an initial failure of the Company Bank to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 3 contracts

Samples: Employment Agreement (Newport Bancorp Inc), Employment Agreement (Newport Bancorp Inc), Employment Agreement (Newport Bancorp Inc)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s attorneys' fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company and the Bank take some action specified by this Agreement: (i) as a result of a court order; or (ii) otherwise by the Company following an initial failure of the Company to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 2 contracts

Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company Bank shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s attorneys’ fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company Bank to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company Bank take some action specified by this Agreement: (i) as a result of court order; or (ii) otherwise by the Company Bank following an initial failure of the Company Bank to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 2 contracts

Samples: Employment Agreement (Naugatuck Valley Financial Corp), Employment Agreement (Naugatuck Valley Financial Corp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company take some action specified by this Agreement: (i) as a result of a court order; or (ii) otherwise by the Company following an initial failure of the Company to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 1 contract

Samples: Employment Agreement (Kentucky First Federal Bancorp)

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Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company Bank shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company Bank to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company Bank take some action specified by this Agreement: (i) as a result of court order; or (ii) otherwise by the Company Bank following an initial failure of the Company Bank to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 1 contract

Samples: Employment Agreement (Equitable Financial Corp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company Bank shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s attorneys' fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company Bank to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company Bank take some action specified by this Agreement: Agreement (i) as a result of court order; or (ii) otherwise by the Company Bank following an initial failure of and the Company Bank to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 1 contract

Samples: Employment Agreement (Jefferson Bancshares Inc)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s 's fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company take some action specified by this Agreement: (i) as a result of a court order; or (ii) otherwise by the Company following an initial failure of the Company to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 1 contract

Samples: Employment Agreement (Kentucky First Federal Bancorp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company shall Bank will reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company Bank to the Executive under this Agreement. Successful enforcement shall will mean the grant of an award of money or the requirement that the Company Bank take some action specified by this Agreement: (i) as a result of court order; or (ii) otherwise by the Company Bank following an initial failure of the Company Bank to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 1 contract

Samples: Chicopee Savings Bank (Chicopee Bancorp, Inc.)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company Bank shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s 's fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company Bank to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company Bank take some action specified by this Agreement: (i) as a result of a court order; or (ii) otherwise by the Company following an initial failure of the Company Bank to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 1 contract

Samples: Employment Agreement (Kentucky First Federal Bancorp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company Bank shall reimburse the Executive for all reasonable out-of-pocket expenses, including, without limitation, reasonable attorney’s attorneys' fees, incurred by the Executive in connection with successful enforcement by the Executive of the obligations of the Company Bank to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company Bank take some action specified by this Agreement: (i) as a result of a court order; or (ii) otherwise by the Company following an initial failure of the Company Bank to pay such money or take such action promptly after written demand therefor from the Executive stating the reason that such money or action was due under this Agreement at or prior to the time of such demand.

Appears in 1 contract

Samples: Employment Agreement (Kentucky First Federal Bancorp)

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