Common use of Reimbursement of Legal Expenses Clause in Contracts

Reimbursement of Legal Expenses. First Financial shall, on a quarterly basis, upon presentment of appropriate documentation (which submission shall be made within forty-five (45) days after the end of such quarter), reimburse the Executive for all legal fees and expenses, if any, incurred by the Executive in connection with any contest or dispute arising under this Agreement (a “Dispute”) on or after a Change in Control (or otherwise related to a Change in Control), except that the Executive shall reimburse First Financial (to the extent permitted under applicable law) for the fees and expenses advanced (a) in the event the Executive’s claims are determined to have been advanced by the Executive in bad faith or were frivolous, or (b) to the extent that such legal fees and expenses are determined to be unreasonable.

Appears in 7 contracts

Samples: Change in Control (First Financial Holdings Inc /De/), Change in Control (First Financial Holdings Inc /De/), Change in Control (First Financial Holdings Inc /De/)

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