INDEMNIFICATION, LITIGATION. (a) PSID will indemnify Executive to the fullest extent permitted by the laws of the State of Florida in effect at that time, or the certificate of incorporation and by-laws of PSID, whichever affords the greater protection to Executive. Executive will be entitled to any insurance policies PSID may elect to maintain generally for the benefit of 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 an officer of PSID.
Appears in 5 contracts
Samples: Positiveid Corporation (POSITIVEID Corp), Positiveid Corporation (POSITIVEID Corp), Employment and Non Compete Agreement (POSITIVEID Corp)
