Common use of Legal Fees and Other Expenses Clause in Contracts

Legal Fees and Other Expenses. a. If the Executive incurs legal fees or other expenses in a good faith effort to obtain benefits under this Agreement, the Company shall reimburse the Executive on a current basis for such fees and expenses to the extent not reimbursed under the Company’s officers and directors liability insurance policy, if any. The existence of any controlling case or regulatory law which is directly inconsistent with the position taken by the Executive shall be evidence that the Executive did not act in good faith.

Appears in 7 contracts

Samples: Change of Control Severance Agreement (Metris Companies Inc), Change of Control Severance Agreement (Metris Companies Inc), Change of Control Severance Agreement (Metris Companies Inc)

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Legal Fees and Other Expenses. a. If the Executive incurs legal fees or other expenses in a good faith effort to obtain benefits under this Agreement, the Company shall reimburse the Executive on a current basis for such fees and expenses to the extent not reimbursed under the Company’s 's officers and directors liability insurance policy, if any. The existence of any controlling case or regulatory law which is directly inconsistent with the position taken by the Executive shall be evidence that the Executive did not act in good faith.

Appears in 1 contract

Samples: Control Severance Agreement (Metris Companies Inc)

Legal Fees and Other Expenses. a. (a) If the Executive incurs legal legal, accounting and other fees or other expenses in a good faith effort to obtain benefits under this Agreement, regardless of whether the Executive ultimately prevails, the Company shall reimburse the Executive on a current monthly basis upon the written request for such fees and expenses to the extent not reimbursed under the Company’s 's officers and directors liability insurance policy, if any. The existence of any controlling case or regulatory law which is directly inconsistent with the position taken by the Executive shall be evidence that the Executive did not act in good faith.

Appears in 1 contract

Samples: Control Benefits Agreement (Juno Lighting Inc)

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Legal Fees and Other Expenses. a. If the Executive incurs legal fees or other expenses in a good faith effort to obtain benefits under this Agreement, regardless of whether the Executive ultimately prevails, the Company shall reimburse the Executive on a current basis for such fees and expenses to the extent not reimbursed under the Company’s 's officers and directors liability insurance policy, if any. The existence of any controlling case or regulatory law which is directly inconsistent with the position taken by the Executive shall be evidence that the Executive did not act in good faith.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Fingerhut Companies Inc)

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