Common use of DIRECTOR LIABILITY Clause in Contracts

DIRECTOR LIABILITY. To the fullest extent permitted by law, no director of the Corporation shall be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director. Without limiting the effect of the preceding sentence, if the General Corporation Law is hereafter amended to authorize the further elimination or limitation of the liability of a director, then the liability of a director of the Corporation shall be eliminated or limited to the fullest extent permitted by the General Corporation Law, as so amended.

Appears in 2 contracts

Samples: The Agreement and Plan of Merger (Aurora Acquisition Corp.), The Agreement and Plan of Merger (Aurora Acquisition Corp.)

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DIRECTOR LIABILITY. To the fullest extent permitted by lawthe General Corporation Law as it now exists and as it may hereafter be amended, no director of the Corporation shall be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director. Without limiting the effect of the preceding sentence, if the General Corporation Law is hereafter amended to authorize the further elimination or limitation of the liability of a director, then the liability of a director of the Corporation shall be eliminated or limited to the fullest extent permitted by the General Corporation Law, as so amended.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Gogo Inc.)

DIRECTOR LIABILITY. To the fullest extent permitted by law, no A director of the Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director. Without limiting the effect director of the preceding sentenceCorporation, if except to the General Corporation Law is hereafter amended to authorize the further elimination extent that such exemption from liability or limitation thereof is not permitted under the DGCL as currently in effect or as the same may hereafter be amended. No amendment, modification or repeal of the liability of a director, then the liability this Article IX shall adversely affect any right or protection of a director of the Corporation shall be eliminated that exists at the time of such amendment, modification or limited to the fullest extent permitted by the General Corporation Law, as so amendedrepeal.

Appears in 1 contract

Samples: Combination Agreement (NYSE Group, Inc.)

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DIRECTOR LIABILITY. To the fullest extent permitted by law, no No director of the Corporation shall be personally liable to the Corporation or to its stockholders for monetary damages for breach of fiduciary duty as a director. Without limiting the effect of the preceding sentence, if the General Corporation Law is hereafter amended to authorize the further elimination provided that this Article VIII shall not eliminate or limitation of limit the liability of a director, then the liability of a director of the Corporation shall be eliminated or limited to the fullest extent permitted by the General Corporation Law, as so amended.:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Robbins & Myers Inc)

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