Common use of Indemnification; Insurance Clause in Contracts

Indemnification; Insurance. The Company and/or Xxx shall indemnify the Executive to the fullest extent permitted by the laws of the Company’s state of incorporation in effect at that time, or certificate of incorporation and by-laws of the Company, whichever affords the greater protection to the Executive. The Executive will be entitled to any insurance policies the Company or Xxx xxx elect to maintain generally for the benefit of their respective officers and directors against all costs, charges and expenses incurred in connection with any action, suit or proceeding to which he may be made a party by reason of being a director or officer of the Company, Xxx or its subsidiaries.

Appears in 7 contracts

Samples: Employment Agreement (Rex Energy Corp), Employment Agreement (Rex Energy Corp), Employment Agreement (Rex Energy Corp)

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Indemnification; Insurance. The Company and/or Xxx shall indemnify the Executive to the fullest extent permitted by the laws of the Company’s state of incorporation in effect at that time, or the time and the certificate of incorporation and by-laws of the Company, whichever affords the greater protection to the Executive. The Executive will be entitled to any insurance policies the Company or Xxx xxx may elect to maintain generally for the benefit of their respective officers and directors of the Company and its subsidiaries against all costs, charges and expenses incurred in connection with any action, suit or proceeding to which he the Executive may be made a party by reason of being a director or officer of the Company, Xxx Company or its subsidiaries.

Appears in 5 contracts

Samples: Employment Agreement (Rex Energy Corp), Employment Agreement (Rex Energy Corp), Employment Agreement (Rex Energy Corp)

Indemnification; Insurance. The Company and/or Xxx shall indemnify the Executive to the fullest extent permitted by the laws of the Company’s state of incorporation in effect at that time, or certificate of incorporation and by-laws of the Company, whichever affords the greater protection to the Executive. The Executive will be entitled to any insurance policies the Company or Xxx xxx may elect to maintain generally for the benefit of their respective its officers and directors against all costs, charges and expenses incurred in connection with any action, suit or proceeding to which he may be made a party by reason of being a director or officer of the Company, Xxx or its subsidiaries.

Appears in 4 contracts

Samples: Employment Agreement (Baker Hughes Inc), Employment Agreement (Rex Energy Corp), Employment Agreement (Rex Energy Corp)

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Indemnification; Insurance. The Company and/or Xxx Rxx shall indemnify the Executive to the fullest extent permitted by the laws of the Company’s state of incorporation in effect at that time, or certificate of incorporation and by-laws of the Company, whichever affords the greater protection to the Executive. The Executive will be entitled to any insurance policies the Company or Xxx Rxx xxx elect to maintain generally for the benefit of their respective officers and directors against all costs, charges and expenses incurred in connection with any action, suit or proceeding to which he may be made a party by reason of being a director or officer of the Company, Xxx Rxx or its their subsidiaries.

Appears in 1 contract

Samples: Employment Agreement (Rex Energy Corp)

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