Common use of Action Taken in Good Faith Clause in Contracts

Action Taken in Good Faith. No member of the Board of Directors, nor any officer or employee of the Company acting on behalf of the Board, shall be personally liable for any action, determination or interpretation taken or made in good faith with respect to this Agreement.

Appears in 8 contracts

Samples: Stock Option Agreement (Reconditioned Systems Inc), Stock Option Agreement (Reconditioned Systems Inc), Stock Option Agreement (Reconditioned Systems Inc)

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Action Taken in Good Faith. No member of the Board of DirectorsBoard, nor any officer or employee of the Company acting on behalf of the Board, shall be personally liable for any action, determination or interpretation taken or made in good faith with respect to this Agreement.

Appears in 4 contracts

Samples: Independent Contractor Agreement (Vital Living Inc), Independent Contractor Agreement (Vital Living Inc), Independent Contractor Agreement (Vital Living Inc)

Action Taken in Good Faith. No member of the Board of Directors, nor any officer or employee of the Company VL acting on behalf of the Board, shall be personally liable for any action, determination or interpretation taken or made in good faith with respect to this Agreement.

Appears in 2 contracts

Samples: Stock Option Agreement (Vital Living Inc), Agreement (Vital Living Inc)

Action Taken in Good Faith. No member of the Board of Directors, Directors nor any officer or employee of the Company Corporation acting on behalf of the BoardBoard of Directors, shall be personally liable for any action, determination or interpretation taken or made in good faith with respect to this Agreement.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Adflex Solutions Inc)

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Action Taken in Good Faith. No member of the Board of DirectorsBoard, nor any officer or employee of the Company acting on behalf of the Board, shall Board will be personally liable for any action, determination or interpretation taken or made in good faith with respect to this Agreement.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (VCS Technologies Inc)

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