Indemnification Request definition

Indemnification Request means a written request delivered to the Company in which the Employee states, under oath, that the Employee (i) acted in good faith and in a manner the Employee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe that the Employee's conduct was unlawful, or (ii) in any Covered Event other than an action by or in the right of the Company, the Employee was wholly successful, on the merits or otherwise, in defense of the Covered Event.
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Indemnification Request shall have the meaning set forth in Section 7.1.
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Indemnification Request means a statement submitted to this corporation by an Indemnified Person that:
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Examples of Indemnification Request in a sentence

  • Determination of Indemnitee's entitlement to indemnification shall be made no later than forty-five days after receipt of the Indemnification Request.

  • Determination of Indemnitee's entitlement to indemnification shall be made no later than 60 days after receipt of the Indemnification Request.

  • Such Indemnification Request shall contain a summary of the action, suit or proceeding and an itemized list of all payments made or to be made with respect to which indemnification is requested.

  • Upon making an Indemnification Request, Indemnitee shall be presumed to be entitled to indemnification under this Agreement and the Company shall have the burden of proof by clear and convincing evidence to overcome that presumption in reaching any contrary determination.

  • Determination of Indemnitee’s entitlement to indemnification shall be made no later than 60 days after receipt of the Indemnification Request.

  • The Chief Executive Officer or the Secretary shall, promptly upon receipt of Indemnitee’s Indemnification Request, advise the Board in writing that Indemnitee has made such request for indemnification.

  • Determination of Indemnitee’s entitlement to indemnification shall be made no later than sixty (60) days after receipt of the Indemnification Request.

  • Determination of Indemnitee’s entitlement to indemnification shall be made no later than 60 days after receipt of the Indemnification Request, provided that any request for indemnification for Liabilities, other than amounts paid in settlement, shall have been made after a determination thereof in a Proceeding.

  • The Indemnifying Party will be entitled to participate in the defense of a Third Party Indemnification Request made against an Indemnified Party and, if it so chooses, to assume the control of the defense thereof with counsel of its choosing.

  • In the event the Indemnifying Party will assume the control of the defense of any Third Party Indemnification Request as provided above, the Indemnified Party will be entitled to participate in (but not control) such defense with its own counsel at its own expense.


More Definitions of Indemnification Request

Indemnification Request has the meaning set forth in Section 1(d)(i) of this Agreement.
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