Common use of Breach of Duty Clause in Contracts

Breach of Duty. To indemnify Indemnitee on account of Indemnitee’s conduct which is the subject of any Proceeding brought by the Corporation and approved by a majority of the Board of Directors which alleges willful misappropriation of corporate assets by Indemnitee, disclosure of confidential information in violation of Indemnitee’s fiduciary or contractual obligations to the Corporation, or any other willful and deliberate breach in bad faith of Indemnitee’s duty to the Corporation or its stockholders; or

Appears in 19 contracts

Samples: Indemnification Agreement (Concho Resources Inc), Indemnification Agreement (Sandridge Energy Inc), Indemnification Agreement (Concho Resources Inc)

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Breach of Duty. To indemnify Indemnitee on account of Indemnitee’s 's conduct which is the subject of any Proceeding brought by the Corporation and approved by a majority of the Board of Directors which alleges willful misappropriation of corporate assets by Indemnitee, disclosure of confidential information in violation of Indemnitee’s 's fiduciary or contractual obligations to the Corporation, or any other willful and deliberate breach in bad faith of Indemnitee’s 's duty to the Corporation or its stockholders; or

Appears in 11 contracts

Samples: Indemnification Agreement (Huntsman CORP), Indemnification Agreement (Superior Well Services, INC), Indemnification Agreement (Superior Well Services, INC)

Breach of Duty. To indemnify Indemnitee on account of Indemnitee’s conduct which is the subject of any Proceeding brought by the Corporation Company and approved by a majority of the Board of Directors which alleges willful misappropriation of corporate assets by Indemnitee, disclosure of confidential information in violation of Indemnitee’s fiduciary or contractual obligations to the CorporationCompany, or any other willful and deliberate breach in bad faith of Indemnitee’s duty to the Corporation Company or its stockholders; orshareholders;

Appears in 2 contracts

Samples: For Officers and Directors (Venator Materials PLC), Officers and Directors (Venator Materials PLC)

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Breach of Duty. To indemnify Indemnitee on account of Indemnitee’s conduct which is the subject of any Proceeding brought by the Corporation and approved by a majority of the Board of Directors which alleges willful misappropriation of corporate assets by Indemnitee, disclosure of confidential information in violation of Indemnitee’s fiduciary or contractual obligations to the Corporation, or any other willful and deliberate breach in bad faith of Indemnitee’s duty to the Corporation or its stockholders, unless such action is finally resolved in favor of Indemnitee; or

Appears in 2 contracts

Samples: Indemnification Agreement (Western Refining, Inc.), Indemnification Agreement (Western Refining, Inc.)

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