Common use of Indemnification of Employees and Agents of the Corporation Clause in Contracts

Indemnification of Employees and Agents of the Corporation. The corporation may, by action of its board of directors from time to time, provide indemnification and pay expenses in advance of the final disposition of a proceeding to employees and agents of the corporation with the same scope and effect as the provisions of this Article with respect to the indemnification and advancement of expenses of directors and officers of the corporation or pursuant to rights granted pursuant to, or provided by, the Act or otherwise.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Zymogenetics Inc), Plan and Agreement (Drummond Financial Corp)

Indemnification of Employees and Agents of the Corporation. The ------------------------------------------------------------- corporation may, by action of its board of directors from time to time, provide indemnification and pay expenses in advance of the final disposition of a proceeding to employees and agents of the corporation with the same scope and effect as the provisions of this Article with respect to the indemnification and advancement of expenses of directors and officers of the corporation or pursuant to rights granted pursuant to, or provided by, the Act or otherwise.

Appears in 1 contract

Samples: Plan and Agreement (Drummond Financial Corp)

Indemnification of Employees and Agents of the Corporation. The corporation may, by action of its board of directors from time the Board, grant rights to time, provide indemnification and pay advancement of expenses in advance of the final disposition of a proceeding to employees and or agents or groups of employees or agents of the corporation with the same scope and effect as the provisions of this Article Section 10 with respect to the indemnification and advancement of expenses of directors Directors and officers of the corporation corporation; provided, however, that an undertaking shall be made by an employee or pursuant to rights granted pursuant to, or provided by, agent only if required by the Act or otherwiseBoard.

Appears in 1 contract

Samples: Shareholders Agreement (Intracel Corp)

Indemnification of Employees and Agents of the Corporation. The corporation may, by action of its board of directors from time to time, provide indemnification and pay expenses in advance of the final disposition of a proceeding to employees and agents of the corporation with the same scope and effect as the provisions of this Article IX with respect to the indemnification and advancement of expenses of directors and officers of the corporation or pursuant to rights granted pursuant to, or provided by, the Act or otherwise.

Appears in 1 contract

Samples: Merger Agreement (Desert Canadians Ltd.)

Indemnification of Employees and Agents of the Corporation. The corporation may, by action of its board Board of directors Directors from time to time, provide indemnification and pay expenses in advance of the final disposition of a proceeding to employees and agents of the corporation with the same scope and effect as the provisions of this Article with respect to the indemnification and advancement of expenses of directors and officers of the corporation or pursuant to rights granted pursuant to, or provided by, the Washington Business Corporation Act or otherwise.

Appears in 1 contract

Samples: Interpoint Corp /New/