Official Status definition

Official Status describes the status of a person who is or was a director or officer of the Corporation, or a member of any committee of the Board of Directors, and the status of a person who, while a director or officer of the Corporation, is or was serving at the request of the Corporation as a director, officer, partner, member, trustee, employee or agent of another foreign or domestic corporation, partnership, limited liability company or partnership, joint venture, trust, employee benefit plan or other entity.

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Official Status describes the status of a person who is or was a --------------- director or officer of the Corporation, or a member of any committee of the Board of Directors, and the status of a person who, while a director or officer of the Corporation, is or was serving at the request of the Corporation as a director, officer, partner, member, trustee, employee or agent of another foreign or domestic corporation, partnership, limited liability company or partnership, joint venture, trust, employee benefit plan or other entity.

Official Status. The “Official Financial Information Sponsor” of the Professional Bull Riders” or the “Official Financial information Company of the PBR (PBR shall be free to designate another company as the exclusive Stock Brokerage company of the PBR and such designation will not be considered to conflict with Financial Services Company).”

Examples of Official Status in a sentence

• No amendment, alteration, rescission or replacement of this Agreement or any provision hereof shall (i) be effective as to Indemnitee or the Corporation unless executed in writing by Indemnitee affected thereby and the Corporation if affected thereby or (ii) be effective as to Indemnitee with respect to any action or inaction by such Indemnitee in Indemnitee's Official Status prior to such amendment, alteration, rescission or replacement.

• Notwithstanding any other provision of this Agreement, to the extent that Indemnitee, by reason of such Indemnitee's Official Status, has prepared to serve or has served as a witness in any Proceeding, such Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by or for him in connection therewith and that are not otherwise reimbursed.

• An Indemnitee shall be entitled to the rights of indemnification provided in this Section IV.B if, by reason of his Official Status, he is, or is threatened to be made, a party to any Proceeding.

• Notwithstanding any other provision of this Agreement, to the extent that an Indemnitee, by reason of such Indemnitee's Official Status, has prepared to serve or has served as a witness in any Proceeding, such Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by or for him in connection therewith and that are not otherwise reimbursed.

• No amendment, alteration, rescission or replacement of this Agreement or any provision hereof shall (i) be effective as to any Indemnitee or the Company unless executed in writing by the Indemnitee(s) affected thereby and the Company if affected thereby, or (ii) be effective as to any Indemnitee with respect to any action or inaction by such Indemnitee in the Indemnitee's Official Status prior to such amendment, alteration, rescission or replacement.

• Indemnitee shall be entitled to the rights of indemnification provided in this Section 1(b) if, by reason of such person’s Official Status, the Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding brought by or in the right of the Company.

• Indemnitee shall be entitled to the rights of indemnification provided in this Section l(a) if, by reason of such person’s Official Status (as hereinafter defined), the Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding (as hereinafter defined) other than a Proceeding by or in the right of the Company.

• Indemnitee shall be entitled to the rights of indemnification provided in this Section IV.B if, by reason of his Official Status, he is, or is threatened to be made, a party to any Proceeding.

• Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his or her Official Status, a party to (or participant in) and is successful, on the merits or otherwise, in any Proceeding, he or she shall be indemnified to the maximum extent permitted by law, as such may be amended from time to time, against all Expenses actually and reasonably incurred by him or her, or on his or her behalf, in connection therewith.

• Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his or her Official Status, a witness, or is made (or asked) to respond to discovery requests, in any Proceeding to which Indemnitee is not a party, he or she shall be indemnified against all Expenses actually and reasonably incurred by him or her, or on his or her behalf, in connection therewith.

More Definitions of Official Status

Official Status means the position given to all languages mentioned in the Eighth Schedule to the Constitution which can be used for official purposes; 35

Official Status means the postition given to all languages mentioned in the 35