Committee director definition
Examples of Committee director in a sentence
No part of the net earnings of the Collaborative shall inure to the benefit of any appointed representative to the Board, member school committee, director, officer of CASE, or any private individual (except that reasonable compensation may be paid for services rendered to or for the Collaborative), and no appointed representative to the Board, member School Committee, director, or officer of CASE shall be entitled to share in the distribution of any of the assets upon the dissolution of CASE.
If successful, in whole or in part, the member of the Committee director, officer, employee, agent or servant seeking indemnification shall also be entitled to be paid the expense of prosecuting such application.
Neither the Company nor any affiliate, Committee, director, member or employee thereof or their respective affiliates shall have any liability with respect to any subsequent deferral election described herein or under Section 409A with respect to the Restricted Stock Units subject to the RSU Award.
The basis of such indemnification by a court shall be a determination by such court that indemnification of the member of the Committee, director, officer, employee, agent or servant is proper in the circumstances because he has met the applicable standards of conduct set fort in Sections 14.06(A) or 14.06(B), as the case may be.
Neither the Company nor any affiliate, Committee, director, member or employee thereof or their respective affiliates shall have any liability with respect to any subsequent deferral election described herein or under Section 409A of the Code with respect to the Restricted Stock Units subject to the RSU Award.
Neither the Company nor any affiliate, Committee, director, member or employee thereof or their respective affiliates shall have any liability with respect to any redeferral election described herein or under Section 409A of the Code with respect to the Restricted Stock Units described in this Agreement.
To the extent, however, that a member of the Partnership Committee, director, partner or officer has been successful on the merits or otherwise in defense of any action, suit or proceeding described above, or in defense of any claim, issue or matter therein, he shall be indemnified against expenses (including attorneys’ fees) actually and reasonably incurred by him in connection therewith, without the necessity of authorization in the specific case.
Neither a contrary determination in the specific case under Section 14.06(C) nor the absence of any determination thereunder shall be a defense to such an application or create a presumption that the member of the Committee, director, officer, employee, agent or servant seeking indemnification has not met any applicable standard of conduct.