Common use of Executive Cooperation Clause in Contracts

Executive Cooperation. As long as there is no conflict between Executive's legal interests and those of the Company, Executive agrees that he shall, to the extent reasonably requested in writing, cooperate with and serve in any capacity requested by the Company in any investigation and/or threatened or pending litigation (now or in the future) in which the Company is a party, and regarding which Executive, by virtue of his employment with the Company, has knowledge or information relevant to said investigation or litigation including, but not limited to (i) meeting with representatives of the Company to prepare for testimony and to provide truthful information regarding his knowledge, (ii) acting as the Company's representative, and (iii) providing, in any jurisdiction in which the Company requests, truthful information or testimony relevant to the investigation or litigation. Company agrees to reimburse Executive's reasonable expenses incurred for his cooperation under this Section 7. In the event Executive’s cooperation is required after the expiration of Executive’s consulting agreement and the Company requires that Executive spend more than ten (10) hours in any activity contemplated by this Section 6, Executive and the Company will mutually agree upon a reasonable reimbursement of Executive’s hours and expenses. Executive also agrees to cooperate with the Company and its counsel in connection with any matters relating to the Company in which Executive has been compelled, by subpoena or other compulsory, to testify or produce documents. Executive shall provide notice to the Company within 48 hours of receiving such notice and agrees to (i) meet with the Company's representatives and attorneys (ii) provide the attorneys with any documents requested, and (iii) prepare for any appearance with the Company's attorneys. Executive, at his own expense, may retain his own counsel, in lieu of or in addition to, the Company's counsel or counsel that the Company may appoint at its expense to represent Executive. Executive's appointment of his own counsel shall in no way interfere with his obligation to cooperate with the Company as described herein.

Appears in 2 contracts

Sources: Separation Agreement (Galena Biopharma, Inc.), Separation Agreement (Galena Biopharma, Inc.)

Executive Cooperation. As long as there is no conflict between Executive's ’s legal interests and those of the CompanyReleased Party at issue, Executive agrees that he shall, to the extent reasonably requested in writing, cooperate with and serve in any capacity requested by the Company Released Party in any investigation and/or threatened or pending litigation (now or in the future) in which the Company Released Party is a party, and regarding which Executive, by virtue of his employment with the CompanySPI, has knowledge or information relevant to said investigation or litigation including, but not limited to to (i) meeting with representatives of the Company Released Party to prepare for testimony and to provide truthful information regarding his knowledge, (ii) acting as the Company's Released Party’s representative, and (iii) providing, in any jurisdiction in which the Company Released Party requests, truthful information or testimony relevant to the investigation or litigation. Company agrees to reimburse Executive's ’s reasonable expenses incurred for his cooperation under this Section 7. In the event Executive’s cooperation is required after the expiration of Executive’s consulting agreement and the Company requires that Executive spend more than ten (10) hours in any activity contemplated by this Section 6, Executive and the Company will mutually agree upon a reasonable reimbursement of Executive’s hours and expenses. Executive also agrees to cooperate with the Company Released Party and its counsel in connection with any matters relating to the Company Released Party in which Executive has been compelled, by subpoena or other compulsory, to testify or produce documents. Executive shall provide notice to SPI and the Company Released Party at issue (if not SPI) within 48 hours of receiving such notice and agrees to (i) meet with the Company's Released Party’s representatives and attorneys (ii) provide the attorneys with any documents requested, and (iii) prepare for any appearance with the Company's Released Party’s attorneys. Executive, at his own expense, may retain his own counsel, in lieu of or in addition to, the Company's counsel or counsel that the Company may appoint at its expense to represent ExecutiveReleased Party’s counsel. Executive's ’s appointment of his own counsel shall in no way interfere with his obligation to cooperate with the Company Released Party as described herein.

Appears in 1 contract

Sources: Separation Agreement (Sucampo Pharmaceuticals, Inc.)

Executive Cooperation. As long as there is no conflict between Executive's ’s legal interests and those of the Company, Executive agrees that he shall, to the extent reasonably requested in writing, cooperate with and serve in any capacity requested by the Company in any investigation and/or threatened or pending litigation (now or in the future) in which the Company is a party, and regarding which Executive, by virtue of his employment with the Company, has knowledge or information relevant to said investigation or litigation including, but not limited to to (i) meeting with representatives of the Company to prepare for testimony and to provide truthful information regarding his knowledge, (ii) acting as the Company's ’s representative, and (iii) providing, in any jurisdiction in which the Company requests, truthful information or testimony relevant to the investigation or litigation. Company agrees to reimburse Executive's ’s reasonable expenses incurred for his cooperation under this Section 7. In the event Executive’s cooperation is required after the expiration of Executive’s consulting agreement and the Company requires that Executive spend more than ten (10) hours in any activity contemplated by this Section Paragraph 6, Executive and the Company will mutually agree upon a reasonable reimbursement of Executive’s hours and expenses. Executive also agrees to cooperate with the Company and its counsel in connection with any matters relating to the Company in which Executive has been compelled, by subpoena or other compulsory, to testify or produce documents. Executive shall provide notice to the Company within 48 hours of receiving such notice and agrees to (i) meet with the Company's ’s representatives and attorneys (ii) provide the attorneys with any documents requested, and (iii) prepare for any appearance with the Company's ’s attorneys. Executive, at his own expense, may retain his own counsel, in lieu of or in addition to, the Company's counsel or counsel that the Company may appoint at its expense to represent Executive’s counsel. Executive's ’s appointment of his own counsel shall in no way interfere with his obligation to cooperate with the Company as described herein.

Appears in 1 contract

Sources: Employment Agreement (Sucampo Pharmaceuticals, Inc.)