Common use of Expenses of Adjudication Clause in Contracts

Expenses of Adjudication. In the event that Indemnitee, pursuant to this Article VIII, seeks a judicial adjudication to enforce Indemnitee’s rights under, or to recover damages for breach of this Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company against, any and all Expenses actually and reasonably incurred by Indemnitee in such adjudication, but only if Indemnitee prevails therein. If it shall be determined in such adjudication that Indemnitee is entitled to receive part but not all of the indemnification or advancement of Expenses sought, the Expenses incurred by Indemnitee in connection with such adjudication shall be appropriately prorated.

Appears in 7 contracts

Samples: Indemnification Agreement (Eightco Holdings Inc.), Indemnification Agreement (Global Technologies LTD), Indemnification Agreement (Cryptyde, Inc.)

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Expenses of Adjudication. In the event that Indemnitee, pursuant to this Article VIII, seeks a judicial adjudication to enforce Indemnitee’s rights under, or to recover damages for breach of of, this Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company against, any and all Expenses actually and reasonably incurred by Indemnitee in such adjudication, but only if Indemnitee prevails therein. If it shall be determined in such adjudication that Indemnitee is entitled to receive part but not all of the indemnification or advancement of Expenses sought, the Expenses incurred by Indemnitee in connection with such adjudication shall be appropriately prorated.

Appears in 1 contract

Samples: Indemnification Agreement (WatchGuard, Inc.)

Expenses of Adjudication. In the event that Indemnitee, pursuant to this Article VIII, Indemnitee seeks a judicial adjudication or an award in arbitration to enforce Indemnitee’s 's rights under, or to recover damages for breach of of, this Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company against, any and all Expenses actually and reasonably incurred by Indemnitee in such adjudicationadjudication or arbitration, but only if Indemnitee prevails therein. If it shall be determined in such adjudication or arbitration that Indemnitee is entitled to receive part but not all of the indemnification or advancement of Expenses sought, the Expenses incurred by Indemnitee in connection with such adjudication or arbitration shall be appropriately prorated.

Appears in 1 contract

Samples: Employment Agreement (Flowserve Corp)

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Expenses of Adjudication. In the event that Indemnitee, pursuant to this Article VIII, Indemnitee seeks a judicial adjudication or an award in arbitration to enforce Indemnitee’s rights under, or to recover damages for breach of of, this Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company against, any and all Expenses actually and reasonably incurred by Indemnitee in such adjudicationadjudication or arbitration, but only if Indemnitee prevails therein. If it shall be determined in such adjudication or arbitration that Indemnitee is entitled to receive part but not all of the indemnification or advancement of Expenses sought, the Expenses incurred by Indemnitee in connection with such adjudication or arbitration shall be appropriately prorated.

Appears in 1 contract

Samples: Indemnification Agreement (Flowserve Corp)

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