Common use of Relationship to Other Sources Clause in Contracts

Relationship to Other Sources. Employee shall not be required to exercise any rights against any other parties (for example, under any insurance policy purchased by the Company, Employee, or any other person or entity) before Employee, or Agreement. However, to the extent the Company actually indemnifies Employee or advances expenses, the Company shall be entitled to enforce any such rights, which Employee may have against third parties. Employee shall assist the Company in enforcing those rights if the Company pays Employee's reasonable costs and expenses of doing so.

Appears in 6 contracts

Samples: Executive Employment Agreement (Bidville Inc), Executive Employment Agreement (Sk Technologies Corp), Executive Employment Agreement (Sk Technologies Corp)

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Relationship to Other Sources. Employee shall not be required to exercise any rights against any other parties (for example, under any insurance policy purchased by the Company, Employee, or any other person or entity) before Employee, or Agreement. However, to the extent the Company actually indemnifies Employee or advances expenses, the Company shall be entitled to enforce any such rights, rights which Employee may have against third parties. Employee shall assist the Company in enforcing those rights if the Company pays Employee's reasonable costs and expenses of doing so.

Appears in 6 contracts

Samples: Executive Employment Agreement (American Recreational Enterprises Inc), Executive Employment Agreement (American Recreational Enterprises Inc), Executive Employment Agreement (American Recreational Enterprises Inc)

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