Statutory Indemnification. The Corporation hereby agrees to indemnify and hold harmless Director to the fullest extent permitted or required by the provisions of Chapter 607 of the Florida Statutes, as amended, or the laws of the state of incorporation of any successor to the Corporation, and to cause any Subsidiary to indemnify and hold harmless Director to the fullest extent permitted or required by the provisions of the laws of its jurisdiction of incorporation against any Liability or Expense incurred by Director by reason of the fact that Director is or was Serving in an Official Capacity. The Corporation agrees that such obligation shall be to the fullest extent required or permitted by any subsequent amendment to any of such provisions of the Florida Statutes or by any other applicable statutory provisions permitting or requiring such indemnification which are adopted after the date of this Agreement (but in the case of any amendment or subsequent statutory provisions, only to the extent that such amendment or provisions permit or require broader or more extensive indemnification rights than prior thereto).
Statutory Indemnification. Company shall indemnify and hold harmless Executive as follows:
Statutory Indemnification. Notwithstanding anything to the contrary contained in Sections 3.4 or 3.5 of this Agreement, Exxxxxx shall be entitled to indemnification in accordance with laws of the state of Nevada, and the Articles of Incorporation and Bylaws of the Company, to the fullest extent provided by law.
Statutory Indemnification. The Corporation hereby agrees to indemnify and hold harmless Director to the fullest extent permitted or required by the provisions of Chapter 607 of the Florida Statutes, as amended, or the laws of the state of incorporation of any successor to the Corporation against any Liability or Expense incurred by Director by reason of the fact that Director is or was Serving in an Official Capacity. The Corporation agrees that such obligation shall be to the fullest extent required or permitted by any subsequent amendment to any of such provisions of the Florida Statutes or by any other applicable statutory provisions permitting or requiring such indemnification which are in effect or adopted after the date of this Agreement (but in the case of any amendment or subsequent statutory provisions, only to the extent that such amendment or provisions permit or require broader or more extensive indemnification rights than prior thereto).
Statutory Indemnification. Buyer shall indemnify each of the Sellers with respect to any claims arising out of any actions taken by such Seller in good faith in his or her official capacity as an officer, director or employee of ASI whether arising before or after Closing, to the full extent permitted by Minnesota Statutes § 302A.521.
Statutory Indemnification. If Indemnitee was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he is or was a director of the Corporation, or, while a director of the Corporation, is or was serving as an officer of the Corporation or at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, the Corporation shall indemnify and hold harmless Indemnitee against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with such action, suit or proceeding to the fullest extent authorized or permitted by the provisions of Section 145 of the General Corporation Law of the State of Delaware, or by any amendment thereof or other statutory provisions authorizing or permitting such indemnification adopted after the date hereof.
Statutory Indemnification. Parent shall not terminate any indemnification obligation owed by Company or the Surviving Corporation to any employee, officer or director thereof in effect under Oklahoma law as of the Effective Date. In addition, Parent (a) hereby assumes and agrees to perform and be liable for such indemnification of each such employee, officer or director of the Company to the same extent if the Parent were the Company or the Surviving Corporation, and (b) shall maintain in effect the Company's director's and officer's liability insurance policy or a policy substantially similar to such policy.
Statutory Indemnification. To the extent that a Manager, Officer, employee or agent of the Company has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in Article XVI, Section 1, or in defense of any claim, issue or matter arising in such action, suit or proceeding, then such individual shall be indemnified against expenses (including but not limited to attorneys fees) actually and reasonably incurred by such individual in connection therewith.
Statutory Indemnification. Government employees in some cases are indemnified by statute for performing their duties.
Statutory Indemnification. The Corporation hereby agrees to indemnify and hold harmless Director to the fullest extent permitted or required by the provisions of Section 145 of the Delaware Act or the laws of the state of incorporation of any successor to the Company and to cause any Subsidiary to indemnify and hold harmless Director to the fullest extent permitted or required by the provisions of the laws of its jurisdiction of incorporation against any Liability or Expense incurred by Director by reason of the fact that Director is or was Serving in an Official Capacity. The Corporation agrees that such obligation shall be to the fullest extent required or permitted by any subsequent amendment to any of such provisions of the Delaware Act or by any other applicable statutory provisions permitting or requiring such indemnification which are adopted after the date of this Agreement (but in the case of any amendment or subsequent statutory provisions, only to the extent that such amendment or provisions permit or require broader or more extensive indemnification rights than prior thereto).
