Common use of Permitted Indemnification Clause in Contracts

Permitted Indemnification. The Company has authority, to the fullest extent permitted by applicable law as it presently exists or may hereafter be amended, upon an affirmative authorization by the board of Directors, to indemnify and hold harmless any person who was or is made or is threatened to be made a party or is otherwise involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative, including any action by or in right of organization, by reason of the fact that he is or was a Director of the Company or is or was serving at the request of the Company as a Director, officer, employee or agent of another company, partnership or other enterprise against expenses, including attorneys’ fees, without regard to whether the Director has been successful on the merits or otherwise in defense of the action, suit or proceeding, or in defense of any claim, issue or matter therein.

Permitted Indemnification. The Company has authority, to the fullest extent permitted by applicable law as it presently exists or may hereafter be amended, upon an affirmative authorization by the board of Directorsdirectors, to indemnify and hold harmless any person who was or is made or is threatened to be made a party or is otherwise involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative, including any action by or in right of organization, by reason of the fact that he is or was a Director director of the Company or is or was serving at the request of the Company as a Directordirector, officer, employee or agent of another companyCompany, partnership or other enterprise against expenses, including attorneys’ fees, without regard to whether the Director director has been successful on the merits or otherwise in defense of the action, suit or proceeding, or in defense of any claim, issue or matter therein.