Standard of Conduct Determination definition

Standard of Conduct Determination shall have the meaning ascribed to it in Section 9(b) below.
Standard of Conduct Determination means a determination of whether Indemnitee has satisfied any applicable standard of conduct under Ohio law that is a legally required condition precedent to indemnification of Indemnitee under this Agreement against Indemnifiable Losses relating to, arising out of or resulting from an Indemnifiable Claim.
Standard of Conduct Determination has the meaning ascribed to it in Section 9(b) below.

Examples of Standard of Conduct Determination in a sentence

  • If a Standard of Conduct Determination is to be made by Independent Counsel pursuant to Section 9(b)(ii)(B), the Independent Counsel shall be selected by the Indemnitee, and the Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected.

  • If a Standard of Conduct Determination is to be made by Independent Counsel pursuant to Section 9(b)(i)(C), the Independent Counsel shall be selected by the Board of Directors, and the Company shall give written notice to the Indemnitee advising Indemnitee of the identity of the Independent Counsel so selected.

  • In connection with any such action or any related Standard of Conduct Determination, the burden of proving such a defense or that the Indemnitee did not satisfy the applicable standard of conduct shall be on the Company.

  • In making any Standard of Conduct Determination, the person or persons making such determination shall presume that the Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification, and the Company shall have the burden of proof to overcome that presumption and establish that the Indemnitee is not so entitled.

  • The Company shall use its reasonable best efforts to cause any Standard of Conduct Determination required under Section 9(b) to be made as promptly as practicable.


More Definitions of Standard of Conduct Determination

Standard of Conduct Determination has the meaning set forth in Section 9(c).
Standard of Conduct Determination has the meaning set forth in Section 9(b) below.
Standard of Conduct Determination has the meaning ascribed to such term in Section 8(b) hereof.
Standard of Conduct Determination shall have the meaning ascribed to it in Section 0 below.
Standard of Conduct Determination shall have the meaning set forth in Section 9.
Standard of Conduct Determination shall have the meaning ascribed to it in Section 9 (b) below.
Standard of Conduct Determination is defined in Section 9(b).