Reimbursement of Legal Costs. The Company (or any successor thereto) shall pay to the Executive all reasonable legal fees and expenses incurred by the Executive after a Change in Control as a result of or in connection with a bona fide dispute regarding the application of any provision of this Agreement that arises after a Change in Control, including, without limitation, all such fees and expenses, if any, incurred (i) in disputing any termination under Section 6, or (ii) in seeking to enforce or obtain any right or benefit provided by this Agreement; PROVIDED, HOWEVER, that the Company (or any successor thereto) shall only be obligated to make payments under this Section 11(l) for legal fees and expenses incurred by the Executive in connection with or as a result of any such bona fide dispute regarding which the Executive has obtained a final, nonappealable decision or determination in his favor (a "Final Determination"). Any payments pursuant to this Section 11(l) shall be made only if a Final Determination has been rendered and shall be made within five (5) business days after delivery of the Executive's respective written requests for payment accompanied by such evidence of fees and expenses incurred as the Company (or any successor thereto) reasonably may require.
Appears in 5 contracts
Samples: Employment Agreement (Premier National Bancorp Inc), Employment Agreement (Premier National Bancorp Inc), Employment Agreement (Premier National Bancorp Inc)
Reimbursement of Legal Costs. The Company (or any successor ---------------------------- thereto) shall pay to the Executive all reasonable legal fees and expenses incurred by the Executive after a Change in Control as a result of or in connection with a bona fide dispute regarding the application of any provision of this Agreement that arises after a Change in Control, including, without limitation, all such fees and expenses, if any, incurred (i) in disputing any termination under Section 6, or (ii) in seeking to enforce or obtain any right or benefit provided by this Agreement; PROVIDEDprovided, HOWEVERhowever, that the Company (or -------- ------- any successor thereto) shall only be obligated to make payments under this Section 11(l) for legal fees and expenses incurred by the Executive in connection with or as a result of any such bona fide dispute regarding which the Executive has obtained a final, nonappealable decision or determination in his favor (a "Final Determination"). Any payments pursuant to this Section 11(l) shall be made only if a Final Determination has been rendered and shall be made within five (5) business days after delivery of the Executive's respective written requests for payment accompanied by such evidence of fees and expenses incurred as the Company (or any successor thereto) reasonably may require.
Appears in 2 contracts
Samples: Employment Agreement (Premier National Bancorp Inc), Employment Agreement (Premier National Bancorp Inc)
Reimbursement of Legal Costs. The Company (or any successor thereto) ---------------------------- shall pay to the Executive all reasonable legal fees and expenses incurred by the Executive after a Change in Control as a result of or in connection with a bona fide dispute regarding the application of any provision of this Agreement that arises after a Change in Control, including, without limitation, all such fees and expenses, if any, incurred (i) in disputing any termination under Section 6, or (ii) in seeking to enforce or obtain any right or benefit provided by this Agreement; PROVIDEDprovided, HOWEVERhowever, that the Company (or any successor -------- ------- thereto) shall only be obligated to make payments under this Section 11(l) for legal fees and expenses incurred by the Executive in connection with or as a result of any such bona fide dispute regarding which the Executive has obtained a final, nonappealable decision or determination in his favor (a "Final Determination"). Any payments pursuant to this Section 11(l) shall be made only if a Final Determination has been rendered and shall be made within five (5) business days after delivery of the Executive's respective written requests for payment accompanied by such evidence of fees and expenses incurred as the Company (or any successor thereto) reasonably may require.
Appears in 1 contract
Samples: Employment Agreement (Premier National Bancorp Inc)
Reimbursement of Legal Costs. The Company (or any successor thereto) ---------------------------- shall pay to the Executive all reasonable legal fees and expenses incurred by the Executive after a Change in Control as a result of or in connection with a bona fide dispute regarding the application of any provision of this Agreement that arises after a Change in Control, including, without limitation, all such fees and expenses, if any, incurred (i) in disputing any termination under Section 6, or (ii) in seeking to enforce or obtain any right or benefit provided by this Agreement; PROVIDEDprovided, HOWEVERhowever, that the Company (or any successor thereto) shall only be obligated to make payments under this Section 11(l) for legal fees and expenses incurred by the Executive in connection with or as a result of any such bona fide dispute regarding which the Executive has obtained a final, nonappealable decision or determination in his favor (a "Final Determination"). Any payments pursuant to this Section 11(l) shall be made only if a Final Determination has been rendered and shall be made within five (5) business days after delivery of the Executive's respective written requests for payment accompanied by such evidence of fees and expenses incurred as the Company (or any successor thereto) reasonably may require.
Appears in 1 contract
Samples: Employment Agreement (Premier National Bancorp Inc)