Indemnity of Director or Officer. Subject only to the limitations set forth in Section 3, Corporation will pay on behalf of the Indemnitee all Expenses actually and reasonably incurred by Indemnitee because of any claim or claims made against him in a Proceeding by reason of the fact that he is or was a Director and/or Officer.
Appears in 20 contracts
Samples: Employment Agreement (Coda Octopus Group, Inc.), Employment Agreement (Coda Octopus Group, Inc.), Employment Agreement (Coda Octopus Group, Inc.)
Indemnity of Director or Officer. Subject only to the limitations set forth in Section 3, Corporation will pay on behalf of the Indemnitee all Expenses actually and reasonably incurred by Indemnitee because of any claim or claims made against him Indemnitee in a Proceeding by reason of the fact that he Indemnitee is or was a Director and/or or Officer. The Corporation shall have the right to settle any claim or claims made against Indemnitee without the consent of the Indemnitee, provided that the Corporation agrees that such claim or claims will be indemnified under this Agreement.
Appears in 1 contract
Samples: Indemnity Agreement (SCP Pool Corp)
