ADVANCES AND INTERIM EXPENSES. The Company may pay to the Executive Officer all Indemnifiable Expenses incurred by the Executive Officer in connection with any Proceeding, including a Proceeding by or in the right of the Company, in advance of the final disposition of such Proceeding, if the Executive Officer furnishes the Company with a written undertaking, to the satisfaction of the Company, to repay the amount of such Indemnifiable Expenses advanced to the Executive Officer in the event it is finally determined by a court or arbitral body of competent jurisdiction that the Executive Officer is not entitled under this Agreement to indemnification with respect to such Indemnifiable Expenses.
Appears in 13 contracts
Samples: Employment Agreement (J-Star Holding Co., Ltd.), Employment Agreement (Orangekloud Technology Inc.), Employment Agreement (E I L Holdings LTD)
ADVANCES AND INTERIM EXPENSES. The Company may pay to the Executive Officer Director all Indemnifiable Expenses incurred by the Executive Officer Director in connection with any Proceeding, including a Proceeding by or in the right of the Company, in advance of the final disposition of such Proceeding, if the Executive Officer Director furnishes the Company with a written undertaking, to the satisfaction of the Company, to repay the amount of such Indemnifiable Expenses advanced to the Executive Officer Director in the event it is finally determined by a court or arbitral body of competent jurisdiction that the Executive Officer Director is not entitled under this Agreement to indemnification with respect to such Indemnifiable Expenses.
Appears in 5 contracts
Samples: Employment Agreement (Agape ATP Corp), Employment Agreement (Phoenix Plus Corp.), Employment Agreement (J-Star Holding Co., Ltd.)
