Serving at the Request of the Corporation Sample Clauses
The "Serving at the Request of the Corporation" clause defines when an individual is considered to be acting on behalf of the corporation, typically for the purposes of indemnification or liability coverage. It clarifies that directors, officers, employees, or agents are covered not only when serving the corporation directly, but also when serving other entities—such as subsidiaries, affiliates, or joint ventures—at the corporation's explicit request. This ensures that individuals are protected from personal liability when carrying out duties in various capacities, addressing the practical need to extend corporate protections beyond direct service to the corporation itself.
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Serving at the Request of the Corporation. For purposes of this Agreement, if Indemnitee should serve as an officer and/or director, as the case may be, of another corporation, partnership, joint venture, trust or other enterprise (including without limitation employee benefit plans and administrative committees thereof) it will be conclusively presumed in the case of any of the foregoing that are “affiliates” of the Corporation as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) that Indemnitee was serving at the request of the Corporation.
Serving at the Request of the Corporation. Without limitation of any indemnification provided by paragraph 1, any person referred to in paragraph 1 serving (a) another corporation, partnership, joint venture or trust of which the majority of the voting power or residual economic interest is held, directly or indirectly, by the Corporation, or (b) any employee benefit plan of the Corporation, in any capacity, shall be deemed to be doing so at the request of the Corporation.