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 will reimburse Executive for all out-of-pocket expenses, including, without limitation, reasonable attorney fees, incurred by Executive in connection with his successful enforcement of the Company’s obligations under this Agreement. Successful enforcement means the grant of an award of money or the requirement that the Company take some specified action: (i) as a result of court order; or (ii) otherwise following an initial failure of the Company to pay money or take action promptly following receipt of a written demand from Executive stating the reason that the Company make payment or take action under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Northeast Community Bancorp Inc), Employment Agreement (Northeast Community Bancorp Inc), Employment Agreement (Northeast Community Bancorp Inc)

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

Appears in 3 contracts

Samples: Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

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

Appears in 2 contracts

Samples: Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Reimbursement of Executive’s Expenses to Enforce this Agreement. The Company will reimburse Executive for all out-of-pocket expenses, including, without limitation, reasonable attorney attorneys’ fees, incurred by Executive in connection with his her successful enforcement of the Company’s obligations under this Agreement. Successful enforcement means the grant of an award of money or the requirement that the Company take some specified action: (i) as a result of court order; or (ii) otherwise following an initial failure of the Company to pay money or take action promptly following receipt of a written demand from Executive stating the reason that the Company must make payment or take action under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.)

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

Appears in 1 contract

Samples: Company Employment Agreement (Northeast Community Bancorp Inc)

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