Common use of Basic Indemnification Clause in Contracts

Basic Indemnification. The Corporation hereby indemnifies Indemnitee and agrees to hold Indemnitee harmless to the full extent permitted under the Statute or any other applicable law or any successor to or redesignation or amendment of the Statute and as further provided herein. Indemnification under this Agreement in respect of expenses shall include, without limitation, expenses relating to travel from the Indemnitee's then current residence to attend meetings, depositions, court hearings and other similar events.

Basic Indemnification. The Corporation hereby indemnifies Indemnitee --------------------- and agrees to hold Indemnitee harmless to the full extent permitted under the Statute or any other applicable law or any successor to or redesignation or amendment of the Statute and as further provided herein. Indemnification under this Agreement in respect of expenses shall include, without limitation, expenses relating to travel from the Indemnitee's then current residence to attend meetings, depositions, court hearings and other similar events.