Continued Indemnification. The Executive shall continue to be indemnified to the fullest extent permitted under applicable laws, rules and regulations and the corporate governance documents of the Company and any other member of the Company Group in accordance with their terms. The Company agrees that for purposes of this Section 2(g) it (or any member of the Company Group, as the case may be) shall interpret and/or apply any provision of applicable law or any corporate governance document relating to indemnification (including advancement of expenses) with respect to the Executive in a manner consistent with how such provisions are interpreted and applied by the Company (or the relevant member of the Company Group) to then active senior officers of the Company or of the relevant member of the Company Group. The Executive shall continue to be covered under the Company's directors' and officers' liability insurance policies in effect from time to time to the same extent he would have been covered if he were employed when a claim is made. The Executive agrees to promptly notify the Company of any claims made against the Executive in his capacity as a former officer/employee of the Company or any other member of the Company Group.
Appears in 1 contract
Continued Indemnification. The Executive shall continue to be indemnified (including entitlement to a defense by attorneys retained and paid by the Company) to the fullest extent permitted under applicable laws, rules law and regulations and pursuant to the corporate governance documents of the Company and any other (or of the relevant member of the Company Group Group) in accordance with their termsterms as in effect from time to time for actions and omissions by the Executive occurring during his tenure as an officer of any member of the Company Group. The Company agrees that for purposes of this Section 2(g) 2(h), it (or any member of the Company Group, as the case may be) shall interpret and/or apply any provision of applicable law or any corporate governance document relating to indemnification (including advancement of expenses) with respect to the Executive in a manner consistent with how the way in which such provisions are interpreted and applied by the Company (or the relevant member of the Company Group) to then active senior officers executives of the Company (or of the relevant member of the Company Group). The To the extent permitted under the applicable policies, the Executive shall continue to be covered under the Company's directors' ’s directors and officers' officers liability insurance policies in effect from time to time to the same extent he would have been covered if he were had been employed when a the claim is was made. The Executive agrees to promptly notify the Company of any claims made against the Executive in his capacity as a former officer/officer or employee of the Company or of any other member of the Company Group.
Appears in 1 contract