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

Indemnification and Directors’ and Officers’ Insurance. In Executive’s capacity as a director, officer, or employee of the Company or serving or having served any other entity as a director, officer, or employee at the Company’s request, Executive shall be indemnified and held harmless by the Company to the fullest extent allowed by law, the Company’s Certificate of Incorporation and Bylaws, from and against any and all losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which Executive may be involved, or threatened to be involved, as a party or otherwise by reason of Executive’s status, which relate to or arise out of the Company and such other entities, their assets, business or affairs, if in each of the foregoing cases, (i) Executive acted in good faith and in a manner Executive believed to be in the best interests of the Company, and, with respect to any criminal proceeding, had no reasonable cause to believe Executive’s conduct was unlawful, and (ii) Executive’s conduct did not constitute gross negligence or willful or wanton misconduct. The Company shall advance all reasonable expenses incurred by Executive in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in this Section, including but not necessarily limited to, reasonable fees of legal counsel, expert witnesses or other litigation-related expenses; however, any such advance of reasonable expenses shall be recoverable by the Company if a court of competent jurisdiction determines that the Executive was not subject to the indemnification addressed in this Section 27. Executive and the Company have executed this Agreement to be effective for all purposes as of the Effective Date. EXECUTIVE: WESTWATER RESOURCES, INC.: /s/ Sxxxxx X. Xxxxx /s/ Txxxxxx X. Xxxxx Sxxxxx X. Xxxxx Txxxxxx X. Xxxxx Executive Chairman of the Board Westwater Resources, Inc.

Appears in 1 contract

Samples: Employment Agreement (Westwater Resources, Inc.)

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Indemnification and Directors’ and Officers’ Insurance. In Executive’s capacity as a director, officer, or employee of the Company or serving or having served any other entity as a director, officer, or employee at the Company’s request, Executive shall be indemnified and held harmless by the Company to the fullest extent allowed by law, the Company’s Certificate of Incorporation and Bylaws, from and against any and all losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which Executive may be involved, or threatened to be involved, as a party or otherwise by reason of Executive’s status, which relate to or arise out of the Company and such other entities, their assets, business or affairs, if in each of the foregoing cases, (i) Executive acted in good faith and in a manner Executive believed to be in the best interests of the Company, and, with respect to any criminal proceeding, had no reasonable cause to believe Executive’s conduct was unlawful, and (ii) Executive’s conduct did not constitute gross negligence or willful or wanton misconduct. The Company shall advance all reasonable expenses incurred by Executive in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in this Section, including but not necessarily limited to, reasonable fees of legal counsel, expert witnesses or other litigation-related expenses; however, any such advance of reasonable expenses shall be recoverable by the Company if a court of competent jurisdiction determines that the Executive was not subject to the indemnification addressed in this Section 27. Executive and the Company have executed this Agreement to be effective for all purposes as of the Effective Date. EXECUTIVE: WESTWATER RESOURCESOCEAN POWER TECHNOLOGIES, INC.: /s/ Sxxxxx Rxxxxx X. Xxxxx Xxxxxx /s/ Txxxxxx X. Xxxxx Sxxxxx X. Xxxxx Txxxxxx X. Xxxxx Executive Chairman of the Board Westwater ResourcesJ. Xxxxxxx Sxxxxxxxx Xxxxxx P. Xxxxxx J. Pxxxxxx Xxxxxxxxx President & CEO Ocean Power Technologies, Inc.

Appears in 1 contract

Samples: Employment Agreement (Ocean Power Technologies, Inc.)

Indemnification and Directors’ and Officers’ Insurance. In Executive’s Xxxxx’x capacity as a director, officer, or employee an officer of the Company WUC or serving or having served any other entity as a director, officer, or employee an officer at the CompanyWUC’s request, Executive Xxxxx shall be indemnified and held harmless by the Company WUC to the fullest extent allowed by law, the CompanyWUC’s Certificate of Incorporation and Bylaws, from and against any and all losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which Executive Xxxxx may be involved, or threatened to be involved, as a party or otherwise by reason of Executive’s Xxxxx’x status, which relate to or arise out of the Company WUC and such other entities, their assets, business or affairs, if in each of the foregoing cases, (ia) Executive Xxxxx acted in good faith and in a manner Executive Xxxxx believed to be in the best interests of the CompanyWUC, and, with respect to any criminal proceeding, had no reasonable cause to believe Executive’s Xxxxx’x conduct was unlawful, and (iib) Executive’s Xxxxx’x conduct did not constitute gross negligence or willful or wanton misconduct. The Company WUC shall advance all reasonable expenses incurred by Executive Xxxxx in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in this Section, including but not necessarily limited to, reasonable fees of legal counsel, expert witnesses or other litigation-litigation related expenses; however, any such advance of reasonable expenses shall be recoverable by the Company if a court of competent jurisdiction determines that the Executive was not subject . WUC agrees to the indemnification addressed in this Section 27maintain adequate directors and officers insurance coverage. Executive and the Company The parties hereto have executed this Engagement Agreement to be effective for all purposes as of the Effective Datefirst day and year written above. EXECUTIVE: WESTWATER RESOURCES, INC.WESTERN URANIUM CORPORATION By: /s/ Sxxxxx Xxxxxx X. Xxxxxxx Its: President and CEO Date: May 12, 2017 Xxxxxx x. Xxxxx By: /s/ Xxxxxx X. Xxxxx /s/ Txxxxxx Xxxxxx X. Xxxxx Sxxxxx Date: May 12, 2017 EXHIBIT A to that certain Engagement Agreement between Western Uranium Corporation and Xxxxxx X. Xxxxx Txxxxxx X. effective as of 1st May 2017 Xxxxx Executive Chairman will provide the following Services to WUC: Function and Accountabilities: as Chief Financial Officer of WUC, Xxxxx will, under the Board Westwater Resourcesbroad operating guidelines set by the Board, Inc.assume full responsibility for the management of WUC including:

Appears in 1 contract

Samples: Engagement Agreement (Western Uranium Corp)

Indemnification and Directors’ and Officers’ Insurance. In Executive’s capacity as a director, officer, or employee of the Company or serving or having served any other entity as a director, officer, or employee at the Company’s request, Executive shall be indemnified and held harmless by the Company to the fullest extent allowed by law, the Company’s Certificate of Incorporation and Bylaws, from and against any and all losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which Executive may be involved, or threatened to be involved, as a party or otherwise by reason of Executive’s status, which relate to or arise out of the Company and such other entities, their assets, business or affairs, if in each of the foregoing cases, (ia) Executive acted in good faith and in a manner Executive believed to be in the best interests of the Company, and, with respect to any criminal proceeding, had no reasonable cause to believe Executive’s conduct was unlawful, and (iib) Executive’s conduct did not constitute gross negligence or willful or wanton misconduct. The Company shall advance all reasonable expenses incurred by Executive in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in this Section, including but not necessarily limited to, reasonable fees of legal counsel, expert witnesses or other litigation-litigation related expenses; however, any such advance of reasonable expenses shall be recoverable by the . Company if a court of competent jurisdiction determines that the Executive was not subject agrees to the indemnification addressed in this Section 27maintain adequate directors and officers insurance coverage. Executive and the Company The parties hereto have executed this Employment Agreement to be effective for all purposes as of the Effective first day and year written above. BLACK RANGE MINERALS, LLC By /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President/Chief Executive Officer Date: November 12, 2020 WESTERN URANIUM & VANADIUM CORP. EXECUTIVEBy /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President/Chief Executive Officer Date: WESTWATER RESOURCESNovember 12, INC.: 2020 By /s/ Sxxxxx Xxxxxx X. Xxxxx /s/ Txxxxxx Xxxxxx X. Xxxxx, Executive Employee Date: November 12, 2020 EXHIBIT A to that certain Employment Agreement between Black Range Minerals LLC, Western Uranium & Vanadium Corp. and Xxxxxx X. Xxxxx Sxxxxx X. effective as of 1st day October 2020 Xxxxx Txxxxxx X. will provide the following Services to the Company: Function and Accountabilities: as Chief Financial Officer of each of WUVC and Black Range, Xxxxx Executive Chairman will, under the broad operating guidelines set by the Board, assume full responsibility for the management of the Board Westwater Resources, Inc.each of WUVC and Black Range including:

Appears in 1 contract

Samples: Employment Agreement (Western Uranium & Vanadium Corp.)

Indemnification and Directors’ and Officers’ Insurance. In Executive’s capacity as a director, officer, or employee of the Company or serving or having served any other entity as a director, officer, or employee at the Company’s request, Executive shall be indemnified and held harmless by the Company to the fullest extent allowed by law, the Company’s Certificate of Incorporation and Bylaws, from and against any and all losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which Executive may be involved, or threatened to be involved, as a party or otherwise by reason of Executive’s status, which relate to or arise out of the Company and such other entities, their assets, business or affairs, if in each of the foregoing cases, (i) Executive acted in good faith and in a manner Executive believed to be in the best interests of the Company, and, with respect to any criminal proceeding, had no reasonable cause to believe Executive’s conduct was unlawful, and (ii) Executive’s conduct did not constitute gross negligence or willful or wanton misconduct. The Company shall advance all reasonable expenses incurred by Executive in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in this Section, including but not necessarily limited to, reasonable fees of legal counsel, expert witnesses or other litigation-related expenses; however, any such advance of reasonable expenses shall be recoverable by the Company if a court of competent jurisdiction determines that the Executive was not subject to the indemnification addressed in this Section 27. Executive and the Company have executed this Agreement to be effective for all purposes as of the Effective Signature Date. EXECUTIVE: WESTWATER URANIUM RESOURCES, INC.: /s/ Sxxxxx Xxxxxxxxxxx X. Xxxxx /s/ Txxxxxx Xxxxxxx X. Xxxxx Sxxxxx Xxxxxxxxxxx X. Xxxxx Txxxxxx Xxxxxxx X. Xxxxx Executive Chairman Interim President and CEO and Member of the Board Westwater Resources, Inc.of Directors

Appears in 1 contract

Samples: Employment Agreement (Uranium Resources Inc /De/)

Indemnification and Directors’ and Officers’ Insurance. In Executive’s capacity as a director, officer, or employee of the Company or serving or having served any other entity as a director, officer, or employee at the Company’s request, Executive shall be indemnified and held harmless by the Company to the fullest extent allowed by law, the Company’s Certificate of Incorporation and Bylaws, from and against any and all losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which Executive may be involved, or threatened to be involved, as a party or otherwise by reason of Executive’s status, which relate to or arise out of the Company and such other entities, their assets, business or affairs, if in each of the foregoing cases, (i) Executive acted in good faith and in a manner Executive believed to be in the best interests of the Company, and, with respect to any criminal proceeding, had no reasonable cause to believe Executive’s conduct was unlawful, and (ii) Executive’s conduct did not constitute gross negligence or willful or wanton misconduct. The Company shall advance all reasonable expenses incurred by Executive in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in this Section, including but not necessarily limited to, reasonable fees of legal counsel, expert witnesses or other litigation-related expenses; however, any such advance of reasonable expenses shall be recoverable by the Company if a court of competent jurisdiction determines that the Executive was not subject to the indemnification addressed in this Section 27. Executive and the Company have executed this Agreement to be effective for all purposes as of the Effective Signature Date. EXECUTIVE: WESTWATER URANIUM RESOURCES, INC.: /s/ Sxxxxx Xxxxxxx Xxxxx /s/ Xxxxxxxxxxx Xxxxx Xxxxxxx X. Xxxxx /s/ Txxxxxx Xxxxxxxxxxx X. Xxxxx Sxxxxx X. Xxxxx Txxxxxx X. Xxxxx Executive Chairman of the Board Westwater Resources, Inc.President and CEO

Appears in 1 contract

Samples: Employment Agreement (Uranium Resources Inc /De/)

Indemnification and Directors’ and Officers’ Insurance. In Executive’s capacity as a director, officer, or employee of the Company or serving or having served any other entity as a director, officer, or employee at the Company’s request, Executive shall be indemnified and held harmless by the Company to the fullest extent allowed by law, the Company’s Certificate of Incorporation and Bylaws, from and against any and all losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which Executive may be involved, or threatened to be involved, as a party or otherwise by reason of Executive’s status, which relate to or arise out of the Company and such other entities, their assets, business or affairs, if in each of the foregoing cases, (i) Executive acted in good faith and in a manner Executive believed to be in the best interests of the Company, and, with respect to any criminal proceeding, had no reasonable cause to believe Executive’s conduct was unlawful, and (ii) Executive’s conduct did not constitute gross negligence or willful or wanton misconduct. The Company shall advance all reasonable expenses incurred by Executive in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in this Section, including but not necessarily limited to, reasonable fees of legal counsel, expert witnesses or other litigation-related expenses; however, any such advance of reasonable expenses shall be recoverable by the Company if a court of competent jurisdiction determines that the Executive was not subject to the indemnification addressed in this Section 27. Executive and the Company have executed this Agreement to be effective for all purposes as of the Effective Date. EXECUTIVE: WESTWATER RESOURCESOCEAN POWER TECHNOLOGIES, INC.: /s/ Sxxxxx Gxxxxx X. Xxxxx III /s/ Txxxxxx X. Xxxxx Sxxxxx Gxxxxx X. Xxxxx III Txxxxxx X. Xxxxx Executive Chairman of the Board Westwater ResourcesOcean Power Technologies, Inc.

Appears in 1 contract

Samples: Employment Agreement (Ocean Power Technologies, Inc.)

Indemnification and Directors’ and Officers’ Insurance. In Executive’s capacity as a director, officer, or employee of the Company or serving or having served any other entity as a director, officer, or employee at the Company’s request, Executive shall be indemnified and held harmless by the Company to the fullest extent allowed by law, the Company’s Certificate of Incorporation and Bylaws, from and against any and all losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which Executive may be involved, or threatened to be involved, as a party or otherwise by reason of Executive’s status, which relate to or arise out of the Company and such other entities, their assets, business or affairs, if in each of the foregoing cases, (i) Executive acted in good faith and in a manner Executive believed to be in the best interests of the Company, and, with respect to any criminal proceeding, had no reasonable cause to believe Executive’s conduct was unlawful, and (ii) Executive’s conduct did not constitute gross negligence or willful or wanton misconduct. The Company shall advance all reasonable expenses incurred by Executive in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in this Section, including but not necessarily limited to, reasonable fees of legal counsel, expert witnesses or other litigation-related expenses; however, any such advance of reasonable expenses shall be recoverable by the Company if a court of competent jurisdiction determines that the Executive was not subject to the indemnification addressed in this Section 27. Executive and the Company have executed this Agreement to be effective for all purposes as of the Effective Date. EXECUTIVE: WESTWATER RESOURCES, INC.: /s/ Sxxxxx X. Xxxxx /s/ Txxxxxx X. Xxxxx Sxxxxx X. Xxxxx Txxxxxx X. Xxxxx Executive Chairman of the Board Westwater Resources, Inc.

Appears in 1 contract

Samples: Employment Agreement (Westwater Resources, Inc.)

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Indemnification and Directors’ and Officers’ Insurance. In Executive’s capacity as a director, officer, or employee of the Company or serving or having served any other entity as a director, officer, or employee at the Company’s request, Executive shall be indemnified and held harmless by the Company to the fullest extent allowed by law, the Company’s Certificate of Incorporation and Bylaws, from and against any and all losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which Executive may be involved, or threatened to be involved, as a party or otherwise by reason of Executive’s status, which relate to or arise out of the Company and such other entities, their assets, business or affairs, if in each of the foregoing cases, (i) Executive acted in good faith and in a manner Executive believed to be in the best interests of the Company, and, with respect to any criminal proceeding, had no reasonable cause to believe Executive’s conduct was unlawful, and (ii) Executive’s conduct did not constitute gross negligence or willful or wanton misconduct. The Company shall advance all reasonable expenses incurred by Executive in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in this Section, including but not necessarily limited to, reasonable fees of legal counsel, expert witnesses or other litigation-related expenses; however, any such advance of reasonable expenses shall be recoverable by the Company if a court of competent jurisdiction determines that the Executive was not subject to the indemnification addressed in this Section 27. Executive and the Company have executed this Agreement to be effective for all purposes as of the Effective Date. EXECUTIVE: WESTWATER RESOURCES, INC.: /s/ Sxxxxx X. Xxxxx Fxxxx Xxxxxx /s/ Txxxxxx X. Xxxxx Sxxxxx X. Xxxxx Fxxxx Xxxxxx Txxxxxx X. Xxxxx Executive Chairman of the Board Westwater Resources, Inc.

Appears in 1 contract

Samples: Employment Agreement (Westwater Resources, Inc.)

Indemnification and Directors’ and Officers’ Insurance. In Executive’s capacity as a director, officer, or employee of the Company or serving or having served any other entity as a director, officer, or employee at the Company’s request, Executive shall be indemnified and held harmless by the Company to the fullest extent allowed by law, the Company’s Certificate of Incorporation and Bylaws, from and against any and all losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which Executive may be involved, or threatened to be involved, as a party or otherwise by reason of Executive’s status, which relate to or arise out of the Company and such other entities, their assets, business or affairs, if in each of the foregoing cases, (i) Executive acted in good faith and in a manner Executive believed to be in the best interests of the Company, and, with respect to any criminal proceeding, had no reasonable cause to believe Executive’s conduct was unlawful, and (ii) Executive’s conduct did not constitute gross negligence or willful or wanton misconduct. The Company shall advance all reasonable expenses incurred by Executive in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in this Section, including but not necessarily limited to, reasonable fees of legal counsel, expert witnesses or other litigation-related expenses; however, any such advance of reasonable expenses shall be recoverable by the Company if a court of competent jurisdiction determines that the Executive was not subject to the indemnification addressed in this Section 27. Executive and the Company have executed this Agreement to be effective for all purposes as of the Effective Date. EXECUTIVE: WESTWATER RESOURCESOCEAN POWER TECHNOLOGIES, INC.: /s/ Sxxxxx X. Xxxxx J. Pxxxxxx Xxxxxxxxx /s/ Txxxxxx X. Xxxxx Sxxxxx X. Xxxxx Txxxxxx X. Xxxxx Executive Chairman of the Board Westwater Resources, Inc.Xxxxx

Appears in 1 contract

Samples: Employment Agreement (Ocean Power Technologies, Inc.)

Indemnification and Directors’ and Officers’ Insurance. In Executive’s capacity as a director, officer, or employee of the Company or serving or having served any other entity as a director, officer, or employee at the Company’s request, Executive shall be indemnified and held harmless by the Company to the fullest extent allowed by law, the Company’s Certificate of Incorporation and Bylaws, from and against any and all losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgmentsjudgments , fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which Executive may be involved, or threatened to be involved, as a party or otherwise by reason of Executive’s status, which relate to or arise out of the Company and such other entities, their assets, business or affairs, if in each of the foregoing cases, (ia) Executive acted in good faith and in a manner Executive believed to be in the best interests of the Company, and, with respect to any criminal proceeding, had no reasonable cause to believe Executive’s conduct was unlawful, and (iib) Executive’s conduct did not constitute gross negligence or willful or wanton misconduct. The Company shall advance all reasonable expenses incurred by Executive in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in this Section, including but not necessarily limited to, reasonable fees of legal counsel, expert witnesses or other litigation-litigation related expenses; however, any such advance of reasonable expenses shall be recoverable by the . Company if a court of competent jurisdiction determines that the Executive was not subject agrees to the indemnification addressed in this Section 27maintain adequate directors and officers insurance coverage. Executive and the Company The parties hereto have executed this Employment Agreement to be effective for all purposes as of the Effective Date. EXECUTIVE: WESTWATER RESOURCES, INC.1st day of January 2017 BLACK RANGE MINERALS LLC By: /s/ Sxxxxx Xxxxxxx Skutezky Its: Director Date: February 8th, 2017 WESTERN URANIUM CORPORATION By: /s/ Xxxxxxx Skutezky Its: Chairman Date: February 8th, 2017 XXXXXX X. Xxxxx XXXXXXX By: /s/ Txxxxxx Xxxxxx X. Xxxxx Sxxxxx Xxxxxxx Date: February 8th, 2017 EXHIBIT A to that certain Employment Agreement between Black Range Minerals LLC, Western Uranium Corporation and Xxxxxx X. Xxxxx Txxxxxx X. Xxxxx Xxxxxxx effective as of 1st January 2017 Xxxxxxx will provide the following Services to the Company: Function and Accountabilities: as President and Chief Executive Chairman Officer of each of WUC and Black Range, Xxxxxxx will, under the Board Westwater Resourcesbroad operating guidelines set by the Board, Inc.assume full responsibility for the management of each of WUC and Black Range including:

Appears in 1 contract

Samples: Employment Agreement (Western Uranium Corp)

Indemnification and Directors’ and Officers’ Insurance. In Executive’s capacity as a director, officer, or employee of the Company or serving or having served any other entity as a director, officer, or employee at the Company’s request, Executive shall be indemnified and held harmless by the Company to the fullest extent allowed by law, the Company’s Certificate of Incorporation and Bylaws, from and against any and all losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which Executive may be involved, or threatened to be involved, as a party or otherwise by reason of Executive’s status, which relate to or arise out of the Company and such other entities, their assets, business or affairs, if in each of the foregoing cases, (i) Executive acted in good faith and in a manner Executive believed to be in the best interests of the Company, and, with respect to any criminal proceeding, had no reasonable cause to believe Executive’s conduct was unlawful, and (ii) Executive’s conduct did not constitute gross negligence or willful or wanton misconduct. The Company shall advance all reasonable expenses incurred by Executive in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in this Section, including but not necessarily limited to, reasonable fees of legal counsel, expert witnesses or other litigation-related expenses; however, any such advance of reasonable expenses shall be recoverable by the Company if a court of competent jurisdiction determines that the Executive was not subject to the indemnification addressed in this Section 27. Executive and the Company have executed this Agreement to be effective for all purposes as of the Effective Date. EXECUTIVE: WESTWATER RESOURCESOCEAN POWER TECHNOLOGIES, INC.: /s/ Sxxxxx X. Xxxxx Mxxxxxx Xxxxxxx /s/ Txxxxxx X. Xxxxx Sxxxxx X. Xxxxx Txxxxxx X. Xxxxx Executive Chairman of the Board Westwater ResourcesJ. Xxxxxxx Xxxxxxxxx Mxxxxxx Xxxxxxx J. Xxxxxxx Xxxxxxxxx President & CEO Ocean Power Technologies, Inc.

Appears in 1 contract

Samples: Employment Agreement (Ocean Power Technologies, Inc.)

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