Common use of Presumption of Entitlement Clause in Contracts

Presumption of Entitlement. In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 22 contracts

Samples: Director Indemnification Agreement (Integer Holdings Corp), Indemnification Agreement (Krystal Biotech, Inc.), Director Indemnification Agreement (Elevate Credit, Inc.)

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Presumption of Entitlement. (a) In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 15 contracts

Samples: Indemnification Agreement (Tabula Rasa HealthCare, Inc.), Director Indemnification Agreement (Nuvectra Corp), Officer Indemnification Agreement (Nuvectra Corp)

Presumption of Entitlement. In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 12 contracts

Samples: Indemnification Agreement (Dell Technologies Inc), Indemnification Agreement (Myr Group Inc.), Indemnification Agreement (Dell Inc)

Presumption of Entitlement. (a) In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 8 contracts

Samples: Director and Officer Indemnification Agreement (Great Elm Group, Inc.), Officer Indemnification Agreement, Director and Officer Indemnification Agreement (GWG Holdings, Inc.)

Presumption of Entitlement. (a) In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company (including by its directors the Directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 5 contracts

Samples: Director and Officer Indemnification Agreement (Optex Systems Holdings Inc), Indemnification Agreement (HF Sinclair Corp), Director and Officer Indemnification Agreement (Holly Energy Partners Lp)

Presumption of Entitlement. In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery courts of the State of DelawareNorth Carolina. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 4 contracts

Samples: Director Indemnification Agreement (Krispy Kreme Doughnuts Inc), Officer Indemnification Agreement (Krispy Kreme Doughnuts Inc), Director Indemnification Agreement (Krispy Kreme Doughnuts Inc)

Presumption of Entitlement. In (a)In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 2 contracts

Samples: Indemnification Agreement (Oncor Electric Delivery Co LLC), Indemnification Agreement (Oncor Electric Delivery Co LLC)

Presumption of Entitlement. In making any Standard standard of Conduct Determinationconduct determination, the person or persons making such determination shall presume that the Indemnitee has satisfied the applicable standard of conduct, and that the Company Corporation may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard standard of Conduct Determination conduct determination that is adverse to the Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company Corporation (including by its directors or any Independent Counselindependent counsel) that the Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim claim by the Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company Corporation hereunder or create a presumption that the Indemnitee has not met any applicable standard of conduct.

Appears in 2 contracts

Samples: Indemnification Agreement (Safety Components International Inc), Indemnification Agreement (Safety Components International Inc)

Presumption of Entitlement. (a) In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court any court of Chancery of the State of Delawarecompetent jurisdiction. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 2 contracts

Samples: Director Indemnification Agreement (KMG Chemicals Inc), Director Indemnification Agreement (Exco Resources Inc)

Presumption of Entitlement. In making any Standard of Conduct Determination, the person or persons making such determination shall will presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall will be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 2 contracts

Samples: Director and Officer Indemnification Agreement (Transpro Inc), Indemnification Agreement (Thinkengine Networks, Inc.)

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Presumption of Entitlement. In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company (including without limitation by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 2 contracts

Samples: Director and Officer Indemnification Agreement (Kaiser Aluminum Corp), Officer Indemnification Agreement (Kaiser Aluminum Corp)

Presumption of Entitlement. In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct, and the Company Corporation may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company Corporation (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company Corporation hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (PMFG, Inc.)

Presumption of Entitlement. In making any Standard standard of Conduct Determinationconduct determination, the person or persons making such determination shall presume that the Indemnitee has satisfied the applicable standard of conduct, and that the Company Corporation may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard standard of Conduct Determination conduct determination that is adverse to the Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company Corporation (including by its directors or any Independent Counselindependent counsel) that Indemnitee xxx Xxxxxxitee has not satisfied any applicable standard of conduct shall be a defense to any Claim claim by the Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company Corporation hereunder or create a presumption that the Indemnitee has not met any applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Safety Components International Inc)

Presumption of Entitlement. In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing presenting clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Thomas Properties Group Inc)

Presumption of Entitlement. In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company (including by its directors managers or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

Appears in 1 contract

Samples: Form of Indemnification Agreement (ECPM Holdings, LLC)

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