Common use of Directors’ and Officers’ Indemnification and Insurance Clause in Contracts

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles of association of the Surviving Company shall contain provisions no less favorable with respect to exculpation and indemnification than are set forth in the memorandum and articles of association of the Company as in effect on the date hereof, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Law.

Appears in 6 contracts

Samples: Agreement and Plan of Merger (Sogou Inc.), Agreement and Plan of Merger (Homeinns Hotel Group), Agreement and Plan of Merger (Kongzhong Corp)

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Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles of association of the Surviving Company shall contain provisions no less favorable with respect to exculpation and indemnification than are set forth in the memorandum and articles of association of the Company as in effect on as of the date hereof, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries directors or agents officers of the Company, unless such modification shall be required by Law.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Alibaba Group Holding LTD), Agreement and Plan of Merger (Youku Tudou Inc.), Agreement and Plan of Merger (Chuanwei Zhang)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum Certificate of Incorporation and articles of association By-laws of the Surviving Company Corporation shall contain provisions no less favorable with respect to exculpation and indemnification than are set forth in the memorandum and articles of association Article Eight of the Company as in effect on Certificate of Incorporation or Article V of the date hereofBy-laws of the Company, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Lawlaw.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Temasek Holdings LTD), Agreement and Plan of Merger And (Chippac Inc), Agreement and Plan of Merger And (Chippac Inc)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles of association of the Surviving Company shall contain provisions no less favorable with respect to exculpation exculpation, advancement of expenses and indemnification than are set forth in the memorandum and articles of association of the Company as in effect on the date hereof, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Law.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Country Style Cooking Restaurant Chain Co., Ltd.), Agreement and Plan of Merger (Country Style Cooking Restaurant Chain Co., Ltd.)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum Articles of Incorporation and articles of association Bylaws of the Surviving Company Corporation shall contain provisions no less favorable with respect to exculpation and indemnification than are those set forth in the memorandum Company's Articles of Incorporation and articles of association of the Company as in effect on the date hereofBylaws, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Law.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Quest Diagnostics Inc), Agreement and Plan of Merger (Labone Inc/)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles Articles of association Incorporation of the Surviving Company Corporation shall contain provisions no less favorable with respect to exculpation and indemnification than are set forth in the memorandum and articles of association Article 10 of the Company as in effect on Amended and Restated Articles of Incorporation of the date hereofCompany, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Law.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Starcraft Corp /In/), Agreement and Plan of Merger (Starcraft Corp /In/)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles of association of the Surviving Company shall contain provisions no less favorable with respect to exculpation exculpation, advancement of expenses and indemnification than are set forth in the memorandum and articles of association of the Company as in effect on as of the date hereof, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries directors or agents officers of the Company, unless such modification shall be required by Law.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Alibaba Group Holding LTD), Agreement and Plan of Merger (AutoNavi Holdings LTD)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles of association of the Surviving Company shall contain provisions no less favorable with respect to exculpation exculpation, advancement of expenses and indemnification than are set forth in the memorandum and articles of association of the Company as in effect on the date hereof, which and Parent and the Surviving Company shall cause such provisions shall not to be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Qunar Cayman Islands Ltd.)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles of association of the Surviving Company shall contain provisions no less favorable with respect to exculpation and indemnification than are set forth in the memorandum and articles of association of the Company as in effect on the date hereof, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time Date in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective TimeDate, were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Stealth BioTherapeutics Corp)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles of association of the Surviving Company Corporation shall contain provisions no less favorable with respect to exculpation and indemnification than are set forth in the memorandum and articles of association of the Company as in effect on the date hereofCompany, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lj International Inc)

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Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles of association of the Surviving Company shall contain provisions no less favorable with respect to exculpation and indemnification than are set forth in the memorandum and articles of association of the Company as in effect on the date hereof, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Zhaopin LTD)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles of association bylaws (or comparable organizational documents) of the Surviving Company Corporation shall contain provisions no less favorable with respect to exculpation and indemnification than are set forth in the memorandum and articles of association bylaws (or comparable organizational documents) of the Company as in effect on the date hereof, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sino Gas International Holdings, Inc.)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles of association of the Surviving Company Corporation shall contain provisions no less favorable with respect to exculpation exculpation, advancement of expenses and indemnification than are set forth in the memorandum and articles of association of the Company as in effect on the date hereofCompany, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Focus Media Holding LTD)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles of association of the Surviving Company shall contain provisions no less favorable with respect to exculpation exculpation, advancement of expenses and indemnification than are set forth in the memorandum and articles of association of the Company as in effect on the date hereof, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officersofficers , employees, fiduciaries or agents of the Company, unless such modification shall be required by Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Airmedia Group Inc.)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum Articles of Incorporation and articles of association By-laws of the Surviving Company Corporation shall contain provisions no less favorable with respect to exculpation and indemnification than are set forth in the memorandum and articles of association Article VIII of the Company as in effect on Articles of Incorporation and Article VII of the date hereofBy-laws of the Company, which provisions shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, who at or prior to the Effective Time, Time were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Lawlaw.

Appears in 1 contract

Samples: Agreement and Plan of Merger (American Airlines Inc)

Directors’ and Officers’ Indemnification and Insurance. (a) The memorandum and articles of association incorporation and regulations of the Surviving Company Corporation shall contain provisions no less favorable with respect to exculpation and indemnification than are those set forth in the memorandum Company’s Articles and articles of association of the Company as Regulations in effect on the date hereof, which provisions provisions, to the fullest extent permitted by Law, shall not be amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees, fiduciaries or agents of the Company, unless such modification shall be required by Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Quidel Corp /De/)

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