Short Swing Profits Clause Samples
The Short Swing Profits clause is designed to prevent company insiders, such as officers, directors, or significant shareholders, from profiting from the purchase and sale of company securities within a short period, typically six months. Under this clause, any profits realized from such short-term trades must be returned to the company, regardless of the insider's intent or knowledge. This mechanism discourages insider trading and speculative behavior by those with access to non-public information, thereby promoting fairness and integrity in the securities market.
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Short Swing Profits. (a) Neither Parent nor any subsidiary of Parent shall institute suit or otherwise seek to recover short-swing profits pursuant to Section 16(b) of the Securities Exchange Act of 1934 (the "1934 Act") that Stockholder or its subsidiaries may realize in connection with the Merger.
(b) In addition, Parent agrees to indemnify Denver and its subsidiaries for any short-swing profits that Denver or any such subsidiary is required to pay pursuant to Section 16(b) of the 34 Act as a result of the completion of the Merger. Notwithstanding any provision to the contrary herein, the obligations of Parent in this Section 4.07(b) shall be governed by the laws of the Republic of France.
Short Swing Profits. To indemnify Indemnitee for expenses or liabilities incurred by Indemnitee under Section 16 of the Securities and Exchange Act of 1934.
Short Swing Profits. An indemnification of Indemnitee for expenses or the payment of profits arising from the purchase and sale by the Indemnitee of securities in violation of Section 16(b) of the Securities and Exchange Act of 1934, as amended, or any similar successor statute; provided, however, that notwithstanding any limitation set forth in this Section 8(e) regarding the Company's obligation to provide indemnification, Indemnitee shall be entitled under Section 3 hereof to receive Expense Advances hereunder with respect to any such claim unless and until a court having jurisdiction over the claim shall have made a final judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee has violated said statute.
Short Swing Profits. On account of any suit in which a final, unappealable judgment is rendered against Indemnitee for an accounting of profits made from the purchase or sale by Indemnitee of securities of the Company in violation of the provisions of Section 16(b) of the Exchange Act;