Common use of Indemnification in Third Party Actions Clause in Contracts

Indemnification in Third Party Actions. To the extent not covered by D&O Insurance (defined below), including by reason of the fact that the Proceeding due to which a claim is made under this Agreement involves facts that occurred prior to the Policy Period, the Company shall indemnify the Indemnitee if the Indemnitee is a party to or threatened to be made a party to or is otherwise involved in any Proceeding (other than a Proceeding by or in the name of the Company to procure a judgment in its favor), by reason of the fact that the Indemnitee is or was a director and/or officer of the Company, or is or was serving at the request of the Company as a director, officer, employee or agent of another enterprise, against all Expenses, judgments, fines, penalties and ERISA excise taxes actually and reasonably incurred by the Indemnitee in connection with the defense or settlement of such a Proceeding, to the fullest extent permitted by applicable corporate law and the Company's Articles of Incorporation; provided that any settlement of a Proceeding be approved in writing by the Company.

Appears in 4 contracts

Samples: Indemnification Agreement (Ipex, Inc), Indemnification Agreement (Ipex, Inc), Indemnification Agreement (Ipex, Inc)

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Indemnification in Third Party Actions. To the extent not covered by D&O Insurance (defined below), including by reason of the fact that the Proceeding due to which a claim is made under this Agreement involves facts that occurred prior to the Policy Period, the Company shall indemnify the Indemnitee if the Indemnitee is a party to or threatened to be made a party to or is otherwise involved in any Proceeding (other than a Proceeding by or in the name of the Company to procure a judgment in its favor), by reason of the fact that the Indemnitee is or was a director and/or officer of the Company, or is or was serving at the request of the Company as a director, officer, employee or agent of another enterprise, against all Expenses, judgments, fines, penalties and ERISA excise taxes actually and reasonably incurred by the Indemnitee in connection with the defense or settlement of such a Proceeding, to the fullest extent permitted by applicable corporate law and the Company's Articles of Incorporation; provided that any settlement of a Proceeding be approved in writing by the Company.

Appears in 1 contract

Samples: Indemnification Agreement (Ipex, Inc)

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Indemnification in Third Party Actions. To the extent not covered by D&O Insurance (defined below), including by reason of the fact that the Proceeding due to which a claim is made under this Agreement involves facts that occurred prior to the Policy Period, the Company shall indemnify the Indemnitee if the Indemnitee is a party to or threatened to be made a party to or is otherwise involved in any Proceeding (other than a Proceeding by or in the name of the Company to procure a judgment in its favor), by reason of the fact that the Indemnitee is or was a director and/or officer of the Company, or is or was serving at the request of the Company as a director, officer, employee or agent of another enterprise, against all Expenses, judgments, fines, penalties and ERISA excise taxes actually and reasonably incurred by the Indemnitee in connection with the defense or settlement of such a Proceeding, to the fullest extent permitted by applicable corporate law and the Company's Articles of Incorporation; provided that any settlement of a Proceeding be approved in writing by the Company.. EXHIBIT A

Appears in 1 contract

Samples: Indemnification Agreement (Ipex, Inc)

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