Employee Litigation definition
Examples of Employee Litigation in a sentence
In the case of a Claim under Section 10.01(b), each Indemnifying Party hereby agrees, at its sole cost and expense, to vigorously defend either the Indemnified Party or the Company (as the case may be) against any Claim and any current, pending or threatened Proceeding, Employee Litigation or dispute (or in the case where no third party is involved, the Indemnifying Party will, at its sole cost and expense, make the Indemnified Party whole).
Parent acknowledges and agrees that (A) funds in the Keys Additional Employee Litigation Escrow Fund are for the sole and exclusive benefit of the Company Holders (in their respective capacities as such) and, to the extent not released to the Company Holders pursuant to the Escrow Agreement, ▇▇▇▇▇▇▇ ▇.
In the case of a Claim under Section 10.01(b), each Indemnifying Party hereby agrees, at its sole cost and expense, to vigorously defend either the Indemnified Party or the Company (as the case may be) against any Claim and any current, pending or Threatened Proceeding, Employee Litigation or dispute (or in the case where no third party is involved, the Indemnifying Party will, at its sole cost and expense, make the Indemnified Party whole).
Such account shall constitute an escrow fund (the “Keys Additional Employee Litigation Escrow Fund”) which shall be governed by the terms set forth herein and in the Escrow Agreement.
All interest or other income earned with respect to the Stockholder Representative Escrow Fund and the Keys Additional Employee Litigation Escrow Fund shall be allocated to the Company Holders and ▇▇▇▇▇▇▇ ▇.
For the avoidance of doubt, the foregoing release shall not prohibit Parent or the Surviving Corporation from making a claim (i) for a proper distribution from the Purchase Price Escrow Account with respect to the Actual Adjustment or (ii) for a proper distribution from the Employee Litigation Escrow Account in accordance with Section 5.14.