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 or the Bank shall reimburse the Executive for all 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 or 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 or the Bank take some action specified by this Agreement (i) as a result of court order; or (ii) otherwise by the Company or the Bank following an initial failure of the Company or 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 is or was due under this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (Yardville National Bancorp), Employment Agreement (Yardville National Bancorp), Employment Agreement (Yardville National Bancorp)

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Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company or and the Bank shall reimburse the Executive for all 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 or 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 or and the Bank take some action specified by this Agreement Agreement: (i) as a result of court order; or (ii) otherwise by the Company or and the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement at or prior to the time of such demand.

Appears in 5 contracts

Samples: Employment Agreement (Equitable Financial Corp), Employment Agreement (SI Financial Group, Inc.), Employment Agreement (SI Financial Group, Inc.)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company or and the Bank shall reimburse the Executive for all 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 or 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 or and the Bank take some action specified by this Agreement (i) Agreement: i. as a result of court order; or (ii) . otherwise by the Company or and the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement at or prior to the time of such demand.

Appears in 5 contracts

Samples: Employment Agreement (SI Financial Group, Inc.), Employment Agreement (SI Financial Group, Inc.), Employment Agreement (SI Financial Group, Inc.)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company or and the Bank shall reimburse the Executive for all 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 or 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 or and the Bank take some action specified by this Agreement Agreement: (i) as a result of a court order; or (ii) otherwise by the Company or and the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement at or prior to the time of such demand.

Appears in 4 contracts

Samples: Merger Agreement (Frankfort First Bancorp Inc), Merger Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company or and the Bank shall reimburse the Executive for all 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 or 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 or and the Bank take some action specified by this Agreement Agreement: (i) as a result of a court order; or (ii) otherwise by the Company or and the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement at or prior to the time of such demand.

Appears in 4 contracts

Samples: Merger Agreement (Frankfort First Bancorp Inc), Agreement of Merger (Kentucky First Federal Bancorp), Merger Agreement (Kentucky First Federal Bancorp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company or the Bank shall reimburse the Executive for all 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 or 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 or the Bank take some action specified by this Agreement (i) as a result of court order; or (ii) otherwise by the Company or the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement at or prior to the time of such demand.

Appears in 4 contracts

Samples: Employment Agreement (Union Financial Bancshares Inc), Employment Agreement (Union Financial Bancshares Inc), Employment Agreement (Union Financial Bancshares Inc)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company or 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 or the Bank to the Executive under this Agreement. The Company shall make such payments promptly and, in any event, not later than March 15 of the year immediately following the year in which such expense was incurred by Executive. Successful enforcement shall mean the grant of an award of money or the requirement that the Company or the Bank take some action specified by this Agreement Agreement: (i) as a result of court order; or (ii) otherwise by the Company or the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement at or prior to the time of such demand.

Appears in 3 contracts

Samples: Employment Agreement (New England Bancshares, Inc.), Employment Agreement (Newport Bancorp Inc), Employment Agreement (New England Bancshares, Inc.)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company Bank or the Bank Company (as applicable) 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 or the Bank Company to the Executive under this Agreement. Successful enforcement shall mean the grant of an award of money or the requirement that the Company Bank or the Bank Company take some action specified by this Agreement Agreement: (i) as a result of court order; or (ii) otherwise by the Company Bank or the Bank Company following an initial failure of the Company Bank or the Bank 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 is or was due under this AgreementAgreement at or prior to the time of such demand.

Appears in 2 contracts

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

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company or the Bank shall reimburse the Executive for all 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 or 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 or the Bank take some action specified by this Agreement (i) as a result of court order; or (ii) otherwise by the Company or the Bank following an initial failure of the Company or the Bank to pay such money or take such action promptly after written demand therefor therefore from the Executive stating the reason that such money or action is or was due under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Yardville National Bancorp), Employment Agreement (Yardville National Bancorp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company or and the Bank shall reimburse the Executive for all 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 or 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 or and the Bank take some action specified by this Agreement Agreement: (i) as a result of a court order; or (ii) otherwise by the Company or and the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement 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 or and the Bank shall reimburse the Executive for all out-of-pocket 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 or 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 or and the Bank take some action specified by this Agreement Agreement: (i) as a result of court order; or (ii) otherwise by the Company or and the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement at or prior to the time of such demand.

Appears in 1 contract

Samples: Employment Agreement (Beneficial Mutual Bancorp Inc)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company or and the 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 or 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 or and the Bank take some action specified by this Agreement Agreement: (i) as a result of court order; or (ii) otherwise by the Company or and the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement at or prior to the time of such demand.

Appears in 1 contract

Samples: Employment Agreement (Liberty Bancorp Inc)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company or and the Bank shall reimburse the Executive for all 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 or 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 or and the Bank take some action specified by this Agreement Agreement: (i) as a result of court order; or (ii) otherwise by the Company or and the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement at or prior to the time of such demand.

Appears in 1 contract

Samples: Employment Agreement (Naugatuck Valley Financial Corp)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company or the Bank shall reimburse the Executive for all 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 or the Bank to the Executive under this Agreement. The Bank shall make such payments promptly and, in any event, not later than March 15 of the year immediately following the year in which such expense was incurred by Executive. Successful enforcement shall mean the grant of an award of money or the requirement that the Company or the Bank take some action specified by this Agreement Agreement: (i) as a result of court order; or (ii) otherwise by the Company or the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement at or prior to the time of such demand.

Appears in 1 contract

Samples: Employment Agreement (Newport Bancorp Inc)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company or and the Bank shall reimburse the Executive for all 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 or 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 or and the Bank take some action specified by this Agreement (i) as a result of court order; or (ii) otherwise by the Company or and the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement 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 or 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 or the Bank to the Executive under this Agreement. The Bank shall make such payments promptly and, in any event, not later than March 15 of the year immediately following the year in which such expense was incurred by Executive. Successful enforcement shall mean the grant of an award of money or the requirement that the Company or the Bank take some action specified by this Agreement Agreement: (i) as a result of court order; or (ii) otherwise by the Company or the Bank following an initial failure of the Company or 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 is or was due under this AgreementAgreement at or prior to the time of such demand.

Appears in 1 contract

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

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