Common use of Scope of Indemnity Clause in Contracts

Scope of Indemnity. The Company shall hold harmless and indemnify ------------------ the Director from any action described in Sections 3 and 4 of this Agreement to the fullest extent permitted by Nevada law, now in effect or as may hereafter be in effect, including any changes after the date of the Agreement in any applicable law, statute, or rule which expands the right of a Nevada corporation to indemnify a member of its board of directors. All such changes shall be, ipso ---- facto, within the purview of the Director's rights and the Company's obligations ----- under this Agreement. In the event of any change in any applicable law, statute, or rule which narrows the right of a Nevada corporation to indemnify a member of its board of directors, such changes, to the extent not otherwise required by such law, statute or rule to be applied to the Agreement shall have no effect on this Agreement or the parties' rights and obligations hereunder or to any matter that arose from circumstances that occurred before the effective date of such change.

Appears in 4 contracts

Samples: Indemnification Agreement (Covalent Group Inc), Indemnification Agreement (Covalent Group Inc), Indemnification Agreement (Covalent Group Inc)

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Scope of Indemnity. The Company shall hold harmless and indemnify ------------------ the Director Officer from any action described in Sections 3 and 4 of this Agreement to the fullest extent permitted by Nevada law, now in effect or as may hereafter be in effect, including any changes after the date of the Agreement in any applicable law, statute, or rule which expands the right of a Nevada corporation to indemnify a member of its board of directors. All such changes shall be, ipso ---- facto, within the purview of the DirectorOfficer's rights and the Company's obligations ----- under this Agreement. In the event of any change in any applicable law, statute, or rule which narrows the right of a Nevada corporation to indemnify a member one of its board of directorsofficers, such changes, to the extent not otherwise required by such law, statute or rule to be applied to the Agreement shall have no effect on this Agreement or the parties' rights and obligations hereunder or to any matter that arose from circumstances that occurred before the effective date of such change.

Appears in 3 contracts

Samples: Indemnification Agreement (Covalent Group Inc), Indemnification Agreement (Covalent Group Inc), Indemnification Agreement (Covalent Group Inc)

Scope of Indemnity. The Company shall hold harmless and indemnify ------------------ the Director from any action described in Sections 3 and 4 of this Agreement to the fullest extent permitted by Nevada law, now in effect or as may hereafter be in effect, including any changes after the date of the Agreement in any applicable law, statute, or rule which expands the right of a Nevada corporation to indemnify a member of its board of directors. All such changes shall be, ipso ---- facto, within the purview of the Director's rights and the Company's ---- ----- obligations ----- under this Agreement. In the event of any change in any applicable law, statute, or rule which narrows the right of a Nevada corporation to indemnify a member of its board of directors, such changes, to the extent not otherwise required by such law, statute or rule to be applied to the Agreement shall have no effect on this Agreement or the parties' rights and obligations hereunder or to any matter that arose from circumstances that occurred before the effective date of such change.

Appears in 1 contract

Samples: Indemnification Agreement (Covalent Group Inc)

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Scope of Indemnity. The Company shall hold harmless and indemnify ------------------ the Director from any action described in Sections 3 and 4 of this Agreement to the fullest extent permitted by Nevada law, now in effect or as may hereafter be in effect, including any changes after the date of the Agreement in any applicable law, statute, or rule which expands the right of a Nevada corporation to indemnify a member of its board of directors. All such changes shall be, ipso ---- facto, within the purview of the Director's rights and the Company's ---------- obligations ----- under this Agreement. In the event of any change in any applicable law, statute, or rule which narrows the right of a Nevada corporation to indemnify a member of its board of directors, such changes, to the extent not otherwise required by such law, statute or rule to be applied to the Agreement shall have no effect on this Agreement or the parties' rights and obligations hereunder or to any matter that arose from circumstances that occurred before the effective date of such change.

Appears in 1 contract

Samples: Indemnification Agreement (Covalent Group Inc)

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