Common use of Indemnification; D&O Insurance Clause in Contracts

Indemnification; D&O Insurance. The Company will indemnify Executive for and hold Executive harmless from and against any and all losses, costs, damages or expenses (including attorneys’ fees) arising out of any claim or legal proceeding brought against Executive, relating in any way to services performed by Executive for the Company. This indemnification provision is intended to be broadly interpreted and to provide for indemnification to the full extent permitted by law. The Company will maintain directors’ and officers’ liability insurance in amounts and on terms reasonable and customary for similarly situated companies.

Appears in 6 contracts

Samples: Employment Agreement (Natures Sunshine Products Inc), Employment Agreement (Natures Sunshine Products Inc), Employment Agreement (Natures Sunshine Products Inc)

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Indemnification; D&O Insurance. The Company will indemnify Executive for and hold Executive harmless from for all acts and against any and all lossesomissions to act, costsin the performance of his duties, damages or expenses (including attorneys’ fees) arising out of any claim or legal proceeding brought against Executive, relating in any way to services performed by Executive for the Company. This indemnification provision is intended to be broadly interpreted and to provide for indemnification to the full maximum extent permitted by under the Company charter and by-laws and under applicable law. The Company will maintain directors’ cover Executive as an insured under any contract of directors and officers’ officers liability insurance in amounts and on terms reasonable and customary for similarly situated companiesthat covers other members of the Board.

Appears in 5 contracts

Samples: Employment Agreement, Employment Agreement, Employment Agreement (Melinta Therapeutics, Inc. /New/)

Indemnification; D&O Insurance. The Company will shall indemnify Executive for and hold Executive harmless from and against any and all losses, costs, damages or expenses (including attorneys’ fees) arising out of any claim or legal proceeding brought against Executive, relating in any way to services performed by Executive for the Company. This indemnification provision is intended to be broadly interpreted and to provide for indemnification to the full maximum extent permitted by lawlaw and its articles of incorporation and by-laws. The Company will shall at all times maintain directors’ and officers’ liability insurance under which Executive shall be covered on a basis that is no less favorable in amounts and on terms reasonable and customary for similarly situated companiesany respect than the coverage provided to any then-current director or officer of the Company.

Appears in 3 contracts

Samples: Executive Employment Agreement (Zeta Global Holdings Corp.), Executive Employment Agreement (Zeta Global Holdings Corp.), Executive Employment Agreement (Zeta Global Holdings Corp.)

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Indemnification; D&O Insurance. The Company will indemnify Executive for and hold Executive harmless from and against any and all losses, costs, damages or expenses (including attorneys' fees) arising out of any claim or legal proceeding brought against Executive, relating in any way to services performed by Executive for the Company. This indemnification provision is intended to be broadly interpreted and to provide for indemnification to the full extent permitted by law. The Company will maintain directors' and officers' liability insurance in amounts and on terms reasonable and customary for similarly situated companies.

Appears in 1 contract

Samples: Employment Agreement (Natures Sunshine Products Inc)

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