Companies Law definition
Examples of Companies Law in a sentence
If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of Expenses, but not, however, for the total amount thereof, the Company will, subject to the Companies Law, indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.
In the event that any Non Executing Shareholder of the Company is forced to sell its Company Shares in accordance with Section 341 of the Companies Law and such Company Charter Documents, the 30-day period to file an action under Section 341 of the Companies Law by any such Non Executing Shareholder shall have expired.
Indemnitee does not regard the protection available under the Articles, Companies Law and insurance as adequate in the present circumstances, and may not be willing to serve or continue to serve as a director or an officer without adequate additional protection, and the Company desires Indemnitee to serve or continue to serve in such capacities.
Except as permitted by Article 77 of the Companies Law, the Company will not indemnify Indemnitee for Expenses under this Section 4 related to any claim, issue or matter in a Proceeding for which Indemnitee has been finally adjudged by a court to be liable to the Company.