Common use of Additional Indemnification Rights Nonexclusivity Clause in Contracts

Additional Indemnification Rights Nonexclusivity. Scope. The Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, the Company’s Amended and Restated Certificate of Incorporation, the Company’s Amended and Restated By-laws or by statute so long as this Agreement does not conflict with the Company’s Amended and Restated Certificate of Incorporation, the Company’s Amended and Restated By-laws or applicable law. In the event of any change after the date of this Agreement in any applicable law, statute or rule which expands the right of a New Jersey corporation to indemnify a member of its board of directors or an officer, employee, agent or fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by such change to the extent that it does not conflict with the Company’s Amended and Restated Certificate of Incorporation, the Company’s Amended and Restated By-laws. In the event of any change in any applicable law, statute or rule which narrows the right of a New Jersey corporation to indemnify a member of its board of directors or an officer, employee, agent or fiduciary, such change, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (Intelligroup Inc)

AutoNDA by SimpleDocs

Additional Indemnification Rights Nonexclusivity. Scope. The Company Splinex hereby agrees to indemnify the Indemnitee to the fullest extent permitted by law, notwithstanding that even if such indemnification is not specifically authorized by the other provisions of this Agreement, the Company’s Amended and Restated Certificate Splinex's constituent documents or any other agreement, Splinex's certificate of Incorporationincorporation, the Company’s Amended and Restated By-laws bylaws or by statute so long as this Agreement does not conflict with the Company’s Amended and Restated Certificate of Incorporation, the Company’s Amended and Restated By-laws or applicable lawstatute. In the event of any change after the date of this Agreement in any applicable law, statute or rule which expands the right of a New Jersey Delaware corporation to indemnify a member of its board of directors director or an officer, stockholder, employee, controlling person, agent or fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by such change to the extent that it does not conflict with the Company’s Amended and Restated Certificate of Incorporation, the Company’s Amended and Restated By-lawschange. In the event of any change in any applicable law, statute or rule which narrows the right of a New Jersey Delaware corporation to indemnify a member of its board of directors director or an officer, employee, agent or fiduciary, such change, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties' rights and obligations hereunderhereunder except as set forth in Section 8 hereof. The indemnification provided by this Agreement shall be in addition to any rights to which Indemnitee may be entitled under Splinex's constituent documents, Splinex's certificate of incorporation, bylaws, any agreement, any vote of stockholders or disinterested directors, the laws of the State of Delaware, or otherwise. The indemnification provided under this Agreement shall continue as to Indemnitee for any action Indemnitee took or did not take while serving in an indemnified capacity even though Indemnitee may have ceased to serve in such capacity and such indemnification shall inure to the benefit of Indemnitee from and after Indemnitee's first day of service as a director and/or officer with Splinex or affiliation with a director and/or officer from and after the date such Indemnitee commences services as a director and/or officer with Splinex.

Appears in 1 contract

Samples: Indemnification Agreement (Splinex Technology Inc.)

Additional Indemnification Rights Nonexclusivity. Scope. The Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, the Company’s Amended and Restated Certificate of Incorporation, Incorporation or the Company’s Amended and Restated By-laws Bylaws, as amended, or by statute so long as this Agreement does not conflict with the Company’s Amended and Restated Certificate of Incorporation, the Company’s Amended and Restated By-laws or applicable lawstatute. In the event of any change change, after the date of this Agreement Agreement, in any applicable law, statute statute, or rule which expands the right of a New Jersey Delaware corporation to indemnify a member of its board of directors or an officer, employee, agent or fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by shall, without the necessity of amending this Agreement, be entitled to the full benefit of such expanded indemnification rights. Indemnitee’s rights under this Agreement the greater benefits afforded are contractual rights which may not be diminished, modified or restricted by such any subsequent change to the extent that it does not conflict with in the Company’s Amended and Restated Certificate of Incorporation, the Company’s Amended and Restated By-lawsBylaws or corporate policies, as amended. In the event of any change in any applicable law, statute or rule which narrows the right of a New Jersey Delaware corporation to indemnify a member of its board of directors or an officer, employee, agent or fiduciary, such changechanges, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, Agreement shall have no effect on this Agreement or the parties’ rights and obligations hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (Sumtotal Systems Inc)

AutoNDA by SimpleDocs

Additional Indemnification Rights Nonexclusivity. Scope. The (a) Company hereby agrees to indemnify the Indemnitee Executive to the fullest extent permitted by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, the Company’s Amended and Restated 's Certificate of Incorporation, the Company’s Amended and Restated By-laws 's Bylaws or by statute so long as this Agreement does not conflict with the Company’s Amended and Restated Certificate of Incorporation, the Company’s Amended and Restated By-laws or applicable lawstatute. In the event of any change after the date of this Agreement in any applicable law, statute or rule which expands the right of a New Jersey Delaware corporation to indemnify a member of its board Board of directors Directors or an officer, employee, agent or fiduciary, it is the intent and agreement of the parties hereto that Indemnitee Executive shall enjoy by this Agreement the greater benefits afforded by such change to the extent that it does not conflict with the Company’s Amended and Restated Certificate of Incorporation, the Company’s Amended and Restated By-lawschange. In the event of any change in any applicable law, statute or rule which narrows the right of a New Jersey Delaware corporation to indemnify a member of its board Board of directors Directors or an officer, employee, agent or fiduciary, such change, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties' rights and obligations hereunder. (b) The indemnification provided by this Agreement shall be in addition to any rights to which Executive may be entitled under Company's Certificate of Incorporation, its Bylaws, any agreement, any vote of stockholders or disinterested directors, the Delaware General Corporation Law, or otherwise. The indemnification provided under this Agreement shall continue as to Executive for any action Executive took or did not take while serving in an indemnified capacity even though Executive may have ceased to serve in such capacity.

Appears in 1 contract

Samples: Employment Agreement (Return Assured Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.