Common use of DAMAGES FOR BREACH OF CONTRACT Clause in Contracts

DAMAGES FOR BREACH OF CONTRACT. In the event of a breach of this Agreement by either the Corporation, Bank or the Executive resulting in damages to another party to this Agreement, that party may recover from the party breaching the Agreement only those damages as set forth herein. In no event shall any party be entitled to the recovery of attorney's fees or costs, except as provided in the last sentence of this paragraph 14. Notwithstanding the above, the attorneys fees and costs incurred by Executive in connection with the enforcement of his rights under this Agreement after a Change in Control shall be paid by the Corporation or the Bank, unless Executive is judicially determined to have acted in bad faith.

Appears in 1 contract

Samples: Executive Employment Agreement (CCFNB Bancorp Inc)

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DAMAGES FOR BREACH OF CONTRACT. In the event of a breach of this Agreement by either the Corporation, Bank or the Executive resulting in damages to another party to this Agreement, that party may recover from the party breaching the Agreement only those damages as set forth herein. In no event shall any party be entitled to the recovery of attorney's fees or costs, except as provided in the last sentence of this paragraph 14Paragraph 13. Notwithstanding the above, the attorneys attorney's fees and costs incurred by Executive in connection with the enforcement of his rights under this Agreement after a Change in Control shall be paid by the Corporation Bank, or its successor, as the Bankcase may be, unless Executive is judicially determined to have acted in bad faith.

Appears in 1 contract

Samples: Executive Employment Agreement (CCFNB Bancorp Inc)

DAMAGES FOR BREACH OF CONTRACT. In the event of a breach of this Agreement by either the Corporation, Bank Employers or the Executive resulting in damages to another party to this Agreement, that party may recover from the party breaching the Agreement only those damages as set forth herein. In no event shall any party be entitled to the recovery of attorney's fees or costs, except as provided in the last sentence of this paragraph 14Paragraph 13. Notwithstanding the above, the attorneys attorney's fees and costs incurred by Executive in connection with the enforcement of his rights under this Agreement after a Change in Control shall be paid by the Corporation Employers, or their successors, as the Bankcase may be, unless Executive is judicially determined to have acted in bad faith.

Appears in 1 contract

Samples: Executive Employment Agreement (CCFNB Bancorp Inc)

DAMAGES FOR BREACH OF CONTRACT. In the event of a breach of this Agreement by either the Corporation, Bank Employers or the Executive resulting in damages to another party to this Agreement, that party may recover from the party breaching the Agreement only those damages as set forth herein. In no event shall any party be entitled to the recovery of attorney's fees or costs, except as provided in the last sentence of this paragraph Paragraph 14. Notwithstanding the above, the attorneys attorney's fees and costs incurred by Executive in connection with the enforcement of his rights under this Agreement after a Change in Control shall be paid by the Corporation Employers, or their successors, as the Bankcase may be, unless Executive is judicially determined to have acted in bad faith.

Appears in 1 contract

Samples: Executive Employment Agreement (CCFNB Bancorp Inc)

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DAMAGES FOR BREACH OF CONTRACT. In the event of a breach of this Agreement by either the Corporation, Bank Employers or the Executive resulting in damages to another party to this Agreement, that party may recover from the party breaching the Agreement only those damages as set forth herein. In no event shall any party be entitled to the recovery of attorney's fees or costs, except as provided in the last sentence of this paragraph 14Paragraph 13. Notwithstanding the above, the attorneys attorney's fees and costs incurred by Executive in connection with the enforcement of his her rights under this Agreement after a Change in Control shall be paid by the Corporation Employers, or their successors, as the Bankcase may be, unless Executive is judicially determined to have acted in bad faith.

Appears in 1 contract

Samples: Executive Employment Agreement (CCFNB Bancorp Inc)

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