Common use of Action by Company Clause in Contracts

Action by Company. Except following a Change of Control, the requirements for advancement of Expenses will not apply to a Claim brought by the Company and approved by a majority of its Board of Directors.

Appears in 4 contracts

Sources: Indemnification Agreement, Indemnification Agreement (ChromaDex Corp.), Indemnification Agreement (ChromaDex Corp.)

Action by Company. Except following a Change of Control, the requirements for advancement of Expenses will not apply to a Claim against You brought by the Company and approved by a majority of its Board of Directors.

Appears in 3 contracts

Sources: Employment Agreement (Digital Turbine, Inc.), Employment Agreement (Mandalay Digital Group, Inc.), Employment Agreement (Mandalay Digital Group, Inc.)

Action by Company. Except following a Change of Control, the requirements for advancement of Expenses will not apply to a Claim against you brought by the Company and approved by a majority of its Board of Directors.

Appears in 1 contract

Sources: Indemnification Agreement (Mandalay Digital Group, Inc.)