Common use of Securities Litigation Clause in Contracts

Securities Litigation. If the Executive is contacted as a potential witness to any claim or in any litigation involving the Company, the Executive will notify the Company of any such contact or request within two (2) days after learning of it and will permit the Company to take all steps it deems to be appropriate, if any, to prevent the Executive’s involvement, or to be present during any such discussions. This section does not prohibit the Executive’s participation as a witness to the extent otherwise legally required, but does require that the Executive provide the Company with notice and the opportunity to object and/or participate. Before the Executive discloses any Company information or engages in any other activity that could possibly violate this Agreement, Executive shall discuss Executive’s proposed actions with the Company’s legal counsel, Xxxxxxx X. Xxxxxxx of Xxxxxx Xxxxxxx Xxxxx & Xxxxxxx, P.A., who will advise the Executive in writing whether the proposed actions would violate this Agreement.

Securities Litigation. If the Executive is contacted as a potential witness to any claim or in any litigation involving the Company, the Executive will notify the Company of any such contact or request within two (2) days after learning of it and will permit the Company to take all steps it deems to be appropriate, if any, to prevent the Executive’s involvement, or to be present during any such discussions. This section does not prohibit the Executive’s participation as a witness to the extent otherwise legally required, but does require that the Executive provide the Company with notice and the opportunity to object and/or participate. Before the Executive discloses any Company information or engages in any other activity that could possibly violate this Agreement, Executive shall discuss Executive’s proposed actions with the Company’s legal counsel, Xxxxxxx X. Xxxxxxx of Xxxxxx Xxxxxxx Xxxxx & Xxxxxxx, P.A., Secretary and Chief Financial Officer who will advise the Executive in writing whether the proposed actions would violate this Agreement.