Common use of Executive Cooperation Clause in Contracts

Executive Cooperation. Individual shall reasonably cooperate with the Company in connection with: (a) any internal or governmental investigation or administrative, regulatory, arbitral or judicial proceeding involving the Company with respect to matters relating to Individual’s employment with the Company (collectively, “Litigation”); (b) any audit of the financial statements of the Company with respect to the period of time when Individual was employed by or provided services to the Company (“Audit”); and (c) providing such other occasional advice, assistance and consultation as the Company may reasonably request from time to time on matters with which Individual was familiar and/or about which Individual acquired knowledge, expertise and/or experience during the time that Individual was employed by the Company to help ensure a smooth transition of his position; provided that such cooperation does not unreasonably interfere with Individual’s then-current professional or personal commitments. Individual acknowledges that such cooperation may include, but shall not be limited to, Individual making himself available to the Company (or their respective attorneys or auditors) upon reasonable notice for: (i) interviews, factual investigations, and providing declarations or affidavits that provide truthful information in connection with any Litigation or Audit; (ii) appearing at the request of the Company to give truthful testimony without requiring service of a subpoena or other legal process; (iii) volunteering to the Company pertinent information related to any Litigation or Audit; and (iv) turning over to the Company any documents relevant to any Litigation or Audit that are or may come into Individual’s possession. Notwithstanding anything herein to the contrary, Individual will have no obligation to act against his own legal or financial interests or to forgo any constitutional rights (including, but not limited to, in connection with any regulatory investigation), and this paragraph 10 will not affect his indemnification rights. The Company also agrees to reimburse Individual for his time at a rate consistent with his prior pay per hour and actual and reasonable expenses in performing any services pursuant to this paragraph 10 (other than during the Transition Period) that are requested by the Company, provided that Individual promptly submits such expenses for reimbursement along with reasonable and customary supporting documentation for the same. Any such reimbursement shall be paid promptly after receipt by the Company of such materials from Individual, and in all events not later than the end of the calendar year following the calendar year in which Individual incurred the related expenses.

Appears in 1 contract

Sources: Release and Restrictive Covenants Agreement (Ocwen Financial Corp)

Executive Cooperation. Individual shall reasonably cooperate with the Company Ocwen in connection with: (a) any internal or governmental investigation or administrative, regulatory, arbitral or judicial proceeding involving the Company Ocwen with respect to matters relating to Individual’s employment with the Company Ocwen (collectively, “Litigation”); (b) any audit of the financial statements of the Company Ocwen with respect to the period of time when Individual was employed by or provided services to the Company Ocwen (“Audit”); and (c) providing such other occasional advice, assistance and consultation as the Company Ocwen may reasonably request from time to time on matters with which Individual was familiar and/or about which Individual acquired knowledge, expertise and/or experience during the time that Individual was employed by the Company Ocwen to help ensure a smooth transition of his position; provided that such cooperation does not unreasonably interfere with Individual’s then-current professional or personal commitments. Individual acknowledges that such cooperation may include, but shall not be limited to, Individual making himself available to the Company Ocwen (or their respective attorneys or auditors) upon reasonable notice for: (i) interviews, factual investigations, and providing declarations or affidavits that provide truthful information in connection with any Litigation or Audit; (ii) appearing at the request of the Company Ocwen to give truthful testimony without requiring service of a subpoena or other legal process; (iii) volunteering to the Company Ocwen pertinent information related to any Litigation or Audit; and (iv) turning over to the Company Ocwen any documents relevant to any Litigation or Audit that are or may come into Individual’s possession. Notwithstanding anything herein to the contrary, Individual will have no obligation to act against his own legal or financial interests or to forgo any constitutional rights (including, but not limited to, in connection with any regulatory investigation), and this paragraph 10 Section 8 will not affect his indemnification rightsIndemnification Rights. The Company also Ocwen and agrees to reimburse Individual for his time at a rate consistent with his prior pay per hour and actual and reasonable expenses in performing any services pursuant to this paragraph 10 (other than during the Transition Period) Section 8 that are requested by the CompanyOcwen, provided that Individual promptly submits such expenses for reimbursement along with reasonable and customary supporting documentation for the same. Any such reimbursement shall be paid promptly after receipt by the Company Ocwen of such materials from Individual, and in all events not later than the end of the calendar year following the calendar year in which Individual incurred the related expenses.

Appears in 1 contract

Sources: Separation Agreement (Ocwen Financial Corp)

Executive Cooperation. Individual shall reasonably cooperate with the Company Ocwen in connection with: (a) any internal or governmental investigation or administrative, regulatory, arbitral or judicial proceeding involving the Company Ocwen with respect to matters relating to Individual’s employment with the Company Ocwen (collectively, “Litigation”); (b) any audit of the financial statements of the Company Ocwen with respect to the period of time when Individual was employed by or provided services to the Company Ocwen (“Audit”); and (c) providing such other occasional advice, assistance and consultation as the Company Ocwen may reasonably request from time to time on matters with which Individual was familiar and/or about which Individual acquired knowledge, expertise and/or experience during the time that Individual was employed by the Company Ocwen to help ensure a smooth transition of his position; provided that such cooperation does not unreasonably interfere with Individual’s then-current professional or personal commitments. Individual acknowledges that such cooperation may include, but shall not be limited to, Individual making himself available to the Company Ocwen (or their respective attorneys or auditors) upon reasonable notice for: (i) interviews, factual investigations, and providing declarations or affidavits that provide truthful information in connection with any Litigation or Audit; (ii) appearing at the request of the Company Ocwen to give truthful testimony without requiring service of a subpoena or other legal process; (iii) volunteering to the Company Ocwen pertinent information related to any Litigation or Audit; and (iv) turning over to the Company Ocwen any documents relevant to any Litigation or Audit that are or may come into Individual’s possession. Notwithstanding anything herein to the contrary, Individual will have no obligation to act against his own legal or financial interests or to forgo any constitutional rights (including, but not limited to, in connection with any regulatory investigation), and this paragraph 10 Section 8 will not affect his indemnification rightsIndemnification Rights. The Company also Ocwen and agrees to reimburse Individual for his time at a rate consistent with his prior pay per hour and actual and reasonable expenses in performing any services pursuant to this paragraph 10 (other than during the Transition Period) Section 8 that are requested by the CompanyOcwen, provided that Individual promptly submits such expenses for reimbursement along with reasonable and customary supporting documentation for the same. Any such reimbursement shall be paid promptly after receipt by the Company Ocwen of such materials from Individual, and in all events not later than the end of the calendar year following the calendar year in which Individual incurred the related expenses.

Appears in 1 contract

Sources: Separation Agreement (Ocwen Financial Corp)

Executive Cooperation. Individual shall reasonably cooperate with the Company Ocwen in connection with: (a) any internal or governmental investigation or administrative, regulatory, arbitral or judicial proceeding involving the Company Ocwen with respect to matters relating to Individual’s employment with the Company Ocwen (collectively, “Litigation”); (b) any audit of the financial statements of the Company Ocwen with respect to the period of time when Individual was employed by or provided services to the Company Ocwen (“Audit”); and (c) providing such other occasional advice, assistance and consultation as the Company Ocwen may reasonably request from time to time on matters with which Individual was familiar and/or about which Individual acquired knowledge, expertise and/or experience during the time that Individual was employed by the Company Ocwen to help ensure a smooth transition of his position; provided that such cooperation does not unreasonably interfere with Individual’s then-current professional or personal commitments. Individual acknowledges that such cooperation may include, but shall not be limited to, Individual making himself available to the Company Ocwen (or their respective attorneys or auditors) upon reasonable notice for: (i) interviews, factual investigations, and providing declarations or affidavits that provide truthful information in connection with any Litigation or Audit; (ii) appearing at the request of the Company Ocwen to give truthful testimony without requiring service of a subpoena or other legal process; (iii) volunteering to the Company Ocwen pertinent information related to any Litigation or Audit; and (iv) turning over to the Company Ocwen any documents relevant to any Litigation or Audit that are or may come into Individual’s possession. Notwithstanding anything herein to the contrary, Individual will have no obligation to act against his own legal or financial interests or to forgo any constitutional rights (including, but not limited to, in connection with any regulatory investigation), and this paragraph 10 Section 8 will not affect his indemnification rightsIndemnification Rights. The Company also Ocwen and agrees to reimburse Individual for his time at a rate consistent with his prior pay per hour and actual and reasonable expenses in performing any services pursuant to this paragraph 10 (other than during the Transition Period) Section 8 that are requested by the CompanyOcwen, provided that Individual promptly submits such expenses for reimbursement along with reasonable and customary supporting documentation for the same. Any such reimbursement shall be paid promptly after receipt by the Company Ocwen of such materials from Individual, and in all events not later than the end of the calendar year following the calendar year in which six months from when Individual incurred submitted his supporting documentation for the related expensesexpense to Ocwen.

Appears in 1 contract

Sources: Separation Agreement (Ocwen Financial Corp)

Executive Cooperation. Individual shall reasonably cooperate with the Company Ocwen in connection with: (a) any internal or governmental investigation or administrative, regulatory, arbitral or judicial proceeding involving the Company Ocwen with respect to matters relating to Individual’s employment with the Company Ocwen (collectively, “Litigation”); (b) any audit of the financial statements of the Company Ocwen with respect to the period of time when Individual was employed by or provided services to the Company Ocwen (“Audit”); and (c) providing such other occasional advice, assistance and consultation as the Company Ocwen may reasonably request from time to time on matters with which Individual was familiar and/or about which Individual acquired knowledge, expertise and/or experience during the time that Individual was employed by the Company Ocwen to help ensure a smooth transition of his position; provided that such cooperation does not unreasonably interfere with Individual’s then-current professional or personal commitments. Individual acknowledges that such cooperation may include, but shall not be limited to, Individual making himself available to the Company Ocwen (or their respective attorneys or auditors) upon reasonable notice for: (i) interviews, factual investigations, and providing declarations or affidavits that provide truthful information in connection with any Litigation or Audit; (ii) appearing at the request of the Company Ocwen to give truthful testimony without requiring service of a subpoena or other legal process; (iii) volunteering to the Company Ocwen pertinent information related to any Litigation or Audit; and (iv) turning over to the Company Ocwen any documents relevant to any Litigation or Audit that are or may come into Individual’s possession. Notwithstanding anything herein to the contrary, Individual will have no obligation to act against his own legal or financial interests or to forgo any constitutional rights (including, but not limited to, in connection with any regulatory investigation), and this paragraph 10 Section 8 will not affect his indemnification rightsIndemnification Rights. The Company also Ocwen and agrees to reimburse Individual for his time at a rate consistent with his prior pay per hour and actual and reasonable expenses in performing any services pursuant to this paragraph 10 (other than during the Transition Period) Section 8 that are requested by the CompanyOcwen, provided that Individual promptly submits such expenses for reimbursement along with reasonable and customary supporting documentation for the same. Any such reimbursement shall be paid promptly within sixty days after receipt by the Company Ocwen of such materials from Individual, and in all events not later than the end of the calendar year following the calendar year in which Individual incurred the related expenses.

Appears in 1 contract

Sources: Separation Agreement (Ocwen Financial Corp)