Examples of Indemnified Position in a sentence
All obligations of the Corporation contained in this Agreement shall continue during the period the Indemnified Party is in an Indemnified Position and thereafter so long as the Indemnified Party shall be subject to any possible claim or threatened, pending or completed Proceeding, by reason of the fact that the Indemnified Party was in an Indemnified Position for the Corporation or any Other Entity.
For the avoidance of doubt, this Agreement shall apply to the entire period of the Indemnified Party’s service in an Indemnified Position, including, without limitation, the Indemnified Party’s service as a director of the Company prior to the Effective Date.
The rights conferred on Indemnitee by this Agreement shall continue after he or she has ceased to serve in an Indemnified Position and shall inure to the benefit of Indemnitee's heirs, executors and administrators.
All agreements and obligations of the Corporation contained herein shall continue during the period Indemnitee is serving and shall continue thereafter so long as Indemnitee shall be subject to any possible claim or threatened, pending or completed Proceeding, whether civil, criminal or investigative, by reason of the fact that Indemnitee was serving in an Indemnified Position.
The Corporation expressly confirms and agrees that it has entered into this Agreement and assumed the obligation imposed on the Corporation hereby in order to induce Indemnitee to continue to serve in an Indemnified Position, and acknowledges that Indemnitee is relying upon this Agreement in continuing in such capacity.
For the avoidance of doubt, this Agreement shall apply to the entire period of the Indemnified Party’s service in an Indemnified Position.