Additional Indemnification Rights Nonexclusively Sample Clauses
The "Additional Indemnification Rights; Nonexclusively" clause establishes that the indemnification rights provided in the agreement are not the sole remedies available to the parties. In practice, this means that a party entitled to indemnification under the contract may also seek other forms of protection or compensation, such as those available under law or through other contractual provisions. This clause ensures that the indemnification rights granted are supplemental, thereby preventing the agreement from limiting or waiving other legal remedies and offering broader protection against potential losses or liabilities.
Additional Indemnification Rights Nonexclusively a. Scope The Company hereby agrees to indemnify Indemnitee to the greatest extent permitted by Nevada law and the Articles of Incorporation and Bylaws in effect on the date hereof or as Nevada law or the Articles of Incorporation and Bylaws may from time to time be amended (but, in the case of any such amendment, only to the extent such amendment permits the Company to provide before such amendment), even if such indemnification is not specifically authorized by the other provisions of this Agreement or any other agreement, the Articles of Incorporation, the Bylaws or by statue. In the event of any change in any applicable law, statue or rule which narrows the right of a Nevada corporation to the indemnify a member of its Board of Directors or an officer, employee, manager, or agent, such change, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations hereunder.
b. Nonexclusively The indemnification provided by the Agreement shall be in addition to any rights to which Indemnitee may be entitled under the Articles of Incorporation, Bylaws, any agreement, any vote of stockholders or disinterested directors, the laws of the State of Nevada or otherwise.
Additional Indemnification Rights Nonexclusively