Indemnification Period definition

Indemnification Period means the period of time during which Indemnitee shall continue to serve as a director or as an officer of the Corporation, and thereafter so long as Indemnitee shall be subject to any possible Proceeding arising out of acts or omissions of Indemnitee as a director or as an officer of the Corporation.
Indemnification Period shall have the meaning set forth in Section 9.1.
Indemnification Period shall be such period as the Indemnitee shall continue to serve as a director or officer of the General Partner, or shall continue at the request of the General Partner to serve as a director, officer, employee, trustee or agent of another corporation, partnership, joint venture, trust, nonprofit entity or other entity, and thereafter so long as the Indemnitee shall be subject to any possible Proceeding arising out of the Indemnitee’s tenure in the foregoing positions.

Examples of Indemnification Period in a sentence

  • No claim for indemnification for a loss arising under Section 9.2(a) or Section 9.3(a) shall be made after expiration of the Indemnification Period.

  • This Agreement shall continue in effect during the Indemnification Period, regardless of whether Indemnitee continues to serve as a director, officer, employee, fiduciary or agent.


More Definitions of Indemnification Period

Indemnification Period has the meaning set forth in Section 10.1.
Indemnification Period means the period commencing on the Closing Date and ending at the close of business on the first anniversary of the Closing Date.
Indemnification Period has the meaning set forth in Section 6.10(a).
Indemnification Period shall have the meaning set forth in Section 11.06(a).
Indemnification Period has the meaning set forth in Section 9.5.
Indemnification Period means the thirty-six (36) months immediately following the Closing Date, during which time the Collateral Administrator is allowed to provide a Notice of Breach or Indemnification for indemnification from the Seller with respect to a Collateral Deficiency Loss or Existing Lien Loss.
Indemnification Period means the period of time during which Indemnitee shall continue to serve as a director or executive officer of the Corporation, and thereafter so long as Indemnitee shall be subject to any possible Proceeding arising out of acts or omissions of Indemnitee as a director or executive officer, which may include serving as a fiduciary or agent of the Corporation or otherwise acting or omitting at the request of or on behalf of the Corporation. For non-directors, status as an executive officer is required for this Agreement to provide indemnification related to a person’s actions or omissions. Should a non-director Indemnitee cease to be an executive officer, his or her actions and omissions, performed as a non-officer employee, are not entitled to indemnification under this Agreement. Furthermore, only those executive officers who hold a validly executed Indemnification Agreement are entitled to the rights and privileges herein.