Common use of Expenses and Interest Clause in Contracts

Expenses and Interest. If, after a Change in Control of the Corporation, a good faith dispute arises with respect to the enforcement of the Executive's rights under this Agreement, or if any legal or arbitration proceeding shall be brought in good faith to enforce or interpret any provision contained herein, or to recover damages for breach hereof, Executive shall recover from the Corporation any reasonable attorney's fees and necessary costs and disbursements incurred as a result of such dispute, and prejudgment interest on any money judgment or arbitration award obtained by Executive calculated at the legal rate of interest from the date that payments to him should have been made under this Agreement.

Appears in 9 contracts

Samples: Employment Agreement (Synthetic Industries Inc), Employment Agreement (Synthetic Industries Inc), Employment Agreement (Synthetic Industries Inc)

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Expenses and Interest. If, after a Change in Control of the Corporation, a good faith dispute arises with respect to the enforcement of the Executive's rights under this AgreementSubsection 7(e), or if any legal or arbitration proceeding shall be brought in good faith to enforce or interpret any provision contained herein, or to recover damages for breach hereofrights provided under this Subsection 7(e), Executive shall recover from the Corporation any reasonable attorney's fees and necessary costs and disbursements incurred as a result of such dispute, and prejudgment interest on any money judgment or arbitration award obtained by Executive calculated at the legal rate of interest 8.5% per annum from the date that payments to him should have been made under this AgreementSubsection.

Appears in 7 contracts

Samples: Employment Agreement (Synthetic Industries Lp), Employment Agreement (Synthetic Industries Inc), Employment Agreement (Synthetic Industries Lp)

Expenses and Interest. If, after a Change in Control of --------------------- the Corporation, a good faith dispute arises with respect to the enforcement of the Executive's rights under this AgreementSubsection 7(e), or if any legal or arbitration proceeding shall be brought in good faith to enforce or interpret any provision contained herein, or to recover damages for breach hereofrights provided under this Subsection 7(e), Executive shall recover from the Corporation any reasonable attorney's fees and necessary costs and disbursements incurred as a result of such dispute, and prejudgment interest on any money judgment or arbitration award obtained by Executive calculated at the legal rate of interest 8.5% per annum from the date that payments to him should have been made under this AgreementSubsection.

Appears in 2 contracts

Samples: Employment Agreement (Sind Acquisition Inc), Employment Agreement (Sind Acquisition Inc)

Expenses and Interest. If, after a Change in Control of the --------------------- Corporation, a good faith dispute arises with respect to the enforcement of the Executive's rights under this AgreementSubsection 7(e), or if any legal or arbitration proceeding shall be brought in good faith to enforce or interpret any provision contained herein, or to recover damages for breach hereofrights provided under this Subsection 7(e), Executive shall recover from the Corporation any reasonable attorney's fees and necessary costs and disbursements incurred as a result of such dispute, and prejudgment interest on any money judgment or arbitration award obtained by Executive calculated at the legal rate of interest 8.5% per annum from the date that payments to him should have been made under this AgreementSubsection.

Appears in 1 contract

Samples: Employment Agreement (Sind Acquisition Inc)

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Expenses and Interest. If, after a Change in Control of the Corporation, a good faith dispute arises with respect to the enforcement of the Executive's rights under this AgreementSubsection 7(e), or if any legal or arbitration proceeding shall be brought in good faith to enforce or interpret any provision contained herein, or to recover damages for breach hereofrights provided under this Subsection 7(e), Executive shall recover from the Corporation any reasonable attorney's fees and necessary costs and disbursements incurred as a result of such dispute, and prejudgment prejudgement interest on any money judgment judgement or arbitration award obtained by Executive calculated at the legal rate of interest 8.5% per annum from the date that payments to him should have been made under this Agreement.Subsection. (f)

Appears in 1 contract

Samples: Employment Agreement This Agreement (Synthetic Industries Inc)

Expenses and Interest. If, after a Change in Control of the Corporation, a good faith dispute arises with respect to the enforcement of the Executive's rights under this Agreement, or if any legal or arbitration proceeding shall be brought in good faith to enforce or interpret any provision contained herein, or to recover damages for breach hereof, Executive shall recover from the Corporation any reasonable attorney's fees and necessary costs and disbursements incurred as a result of such dispute, and prejudgment interest on any money judgment or arbitration award obtained by Executive calculated at the legal rate of interest from the date that payments to him should have been made under this Agreement.. (f)

Appears in 1 contract

Samples: Employment Agreement (Synthetic Industries Inc)

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