Examples of Sysorex in a sentence
These provisions may also have the effect of reducing the likelihood of derivative litigation against Sysorex’s directors and officers, even though such an action, if successful, might otherwise benefit Sysorex and its stockholders.
In addition, your investment may be adversely affected to the extent that, in a class action or direct suit, Sysorex pays the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions.
In connection with the Quarterly Report of Sysorex Global Holdings Corp.
The addresses, facsimile numbers and e-mail addresses for such communications shall be: If to the Company: Sysorex, Inc.
There is currently no pending material litigation or proceeding against any Sysorex directors, officers or employees for which indemnification is sought.
Sysorex shall indemnify and hold harmless the Employee for any liability incurred by him by reason of his execution of any personal guarantee for the benefit of Sysorex or SGS (including but not limited to personal guarantees in connection with office or equipment leases, commercial loans or promissory notes).
Sysorex and SGS, as applicable, shall pay or reimburse the Employee for all reasonable business expenses incurred by Employee in the performance of his duties hereunder including, but not limited to, lodging and travel expenses relating to Sysorex or SGS business, mobile phone and data usage, customer entertainment and certain pre-approved home office expenses not paid directly by Sysorex or SGS.
In connection with his engagement hereunder, Employee shall accurately maintain and preserve all notes and records generated by Sysorex or SGS which relate to Sysorex or SGS and its businesses and shall make all such reports, written if required, as Sysorex or SGS may reasonably require.
Employee hereby accepts employment by Sysorex and SGS, upon the terms and conditions contained herein, and agrees that during the term of this Agreement the Employee shall devote substantially all of his business time, attention, and energies to the business of Sysorex and SGS.
Subject at all times to the direction of the respective Board of Directors of Sysorex or SGS, as applicable, Employee shall perform those duties and hold those responsibilities that are usual and customary for holders of such roles to perform and hold.