Common use of PAYMENT OF COSTS AND LEGAL FEES Clause in Contracts

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the Bank, provided, however, that such reimbursement shall occur no later than two and one-half (2 ½) months after the end of the year in which Executive is successful on the merits pursuant to a legal judgment, arbitration or settlement.

Appears in 3 contracts

Samples: Change in Control Agreement (Georgetown Bancorp, Inc.), Change in Control Agreement (Georgetown Bancorp, Inc.), Change in Control Agreement (Georgetown Bancorp, Inc.)

AutoNDA by SimpleDocs

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the BankEmployer, providedif Executive is successful with respect to such dispute or question of interpretation pursuant to a legal judgment, however, that such reimbursement arbitration or settlement. Such reimbursements shall occur no later than be paid to Executive within two and one-half (2 ½) months after the end of the year dispute is settled or resolved in which Executive is successful on the merits pursuant to a legal judgment, arbitration or settlementExecutive’s favor.

Appears in 3 contracts

Samples: Employment Agreement (Standard Financial Corp.), Employment Agreement (Standard Financial Corp.), Employment Agreement (Standard Financial Corp.)

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the BankCompany, provided, however, that such reimbursement shall occur no later than two and one-half (2 ½) months after the end of the year in which if Executive is successful on the merits with respect to such dispute or question of interpretation pursuant to a legal judgment, arbitration or settlement. Such reimbursements shall be paid to Executive within two and one-half (2 1/2) months after the dispute is settled or resolved in Executive's favor.

Appears in 3 contracts

Samples: Employment Agreement (Territorial Bancorp Inc.), Employment Agreement (Territorial Bancorp Inc.), Employment Agreement (Territorial Bancorp Inc.)

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by the Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the Bank, provided, however, that such reimbursement shall occur no later than two and one-half (2 ½) months after Employer if the end of the year in which Executive is successful on the merits with respect to such dispute or question of interpretation pursuant to a legal judgment, arbitration or settlementsettlement and such reimbursement shall occur as soon as practicable but not later than two and one-half months after the dispute is settled or resolved in the Executive’s favor.

Appears in 3 contracts

Samples: Change in Control Agreement (Berkshire Hills Bancorp Inc), Change in Control Agreement (Berkshire Hills Bancorp Inc), Change in Control Agreement (Berkshire Hills Bancorp Inc)

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the Bank, provided, however, that such reimbursement shall occur no later than two and one-half (2 ½) months after the end of the year in which if Executive is successful on the merits with respect to such dispute or question of interpretation pursuant to a legal judgment, arbitration or settlement. Such reimbursements shall be paid to Executive within two and one-half (2 1/2) months after the dispute is settled or resolved in Executive’s favor.

Appears in 3 contracts

Samples: Territorial Savings Bank (Territorial Bancorp Inc.), Employment Agreement (Fairmount Bancorp, Inc.), Employment Agreement (Fairmount Bancorp, Inc.)

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the BankCompany, provided, however, that such reimbursement shall occur no later than two and one-half (2 ½) months after the end of the year in which if Executive is successful on the merits with respect to such dispute or question of interpretation pursuant to a legal judgment, arbitration or settlement. Such reimbursements shall be paid to Executive within two and one-half (2 1/2) months after the dispute is settled or resolved in Executive’s favor.

Appears in 2 contracts

Samples: Employment Agreement (Territorial Bancorp Inc.), Employment Agreement (Territorial Bancorp Inc.)

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the BankEmployer, provided, however, that such reimbursement shall occur no later than two and one-half (2 ½) months after the end of the year in which if Executive is successful on the merits with respect to such dispute or question of interpretation pursuant to a legal judgment, arbitration or settlement. Such reimbursements shall be paid to Executive within two and one-half (2 1/2) months after the dispute is settled or resolved in Executive’s favor.

Appears in 2 contracts

Samples: Employment Agreement (Standard Financial Corp.), Employment Agreement (Standard Financial Corp.)

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the BankCompany, provided, however, that such reimbursement shall occur no later than two and one-half (2 ½) months after the end of the year in which if Executive is successful on the merits with respect to such dispute or question of interpretation pursuant to a legal judgment, arbitration or settlement. Such reimbursements shall be paid to Executive within two (2) months after the dispute is settled or resolved in Executive’s favor.

Appears in 2 contracts

Samples: Employment Agreement (Fairmount Bancorp, Inc.), Employment Agreement (Fairmount Bancorp, Inc.)

AutoNDA by SimpleDocs

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the Bank, provided, however, that such reimbursement shall occur no later than two and one-half (2 ½) months after the end of the year in which if Executive is successful on the merits with respect to such dispute or question of interpretation pursuant to a legal judgment, arbitration or settlement. Such reimbursements shall be paid to Executive within 2 1/2 months after the dispute is settled or resolved in Executive’s favor.

Appears in 1 contract

Samples: Employment Agreement (Territorial Bancorp Inc.)

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the Bank, provided, however, that such reimbursement shall occur no later than two and one-half (2 ½) months after the end of the year in which if Executive is successful on the merits with respect to such dispute or question of interpretation pursuant to a legal judgment, arbitration or settlement. Such reimbursements shall be paid to Executive within two and one-half (2 1/2 ) months after the dispute is settled or resolved in Executive’s favor.

Appears in 1 contract

Samples: Territorial Savings Bank (Territorial Bancorp Inc.)

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the BankEmployers, provided, however, that such reimbursement shall occur no later than two and one-half (2 ½) months after the end of the year in which if Executive is successful on the merits with respect to such dispute or question of interpretation pursuant to a legal judgment, arbitration or settlement, and such reimbursement shall occur as soon as practicable but not later than March 15 after the calendar year in which the dispute is settled or resolved in the Executive’s favor.

Appears in 1 contract

Samples: Employment Agreement (Berkshire Hills Bancorp Inc)

PAYMENT OF COSTS AND LEGAL FEES. All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the BankCompany, provided, however, that such reimbursement shall occur no later than two and one-half (2 ½) months after the end of the year in which if Executive is successful on the merits with respect to such dispute or question of interpretation pursuant to a legal judgment, arbitration or settlement. Such reimbursements shall be paid to Executive within two and one-half (2 1/2 ) months after the dispute is settled or resolved in Executive’s favor.

Appears in 1 contract

Samples: Employment Agreement (Territorial Bancorp Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.