Common use of Determination of Right to Indemnification Clause in Contracts

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement, the Corporation shall determine by any of the methods set forth in Section 145(d) of the DGCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement is not paid in full by the Corporation within ninety days after such written claim has been received by the Corporation, Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 3 contracts

Samples: Indemnification Agreement (Paula Financial), Indemnification Agreement (Astor Holdings Ii Inc), Indemnification Agreement (Broadcast Com Inc)

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Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement3, the Corporation Company shall determine indemnify the Indemnitee with respect to such written claim to the full extent permitted by any law and in the manner specified by Section 317 of the methods set forth in Section 145(d) of the DGCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify IndemniteeCalifornia Corporation Code. If a claim under Section 2 of this Agreement 3 is not paid in full by the Corporation Company within ninety thirty (30) days after such written claim has been received by the CorporationCompany, the Indemnitee may at any time thereafter bring suit against the Corporation Company to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, the Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation Company (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of the Indemnitee is proper in the circumstances because the Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation Company (including its Board of Directors, independent legal counsel or its stockholders) that the Indemnitee has not met such applicable standard of conduct, shall create a presumption that the Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation Company shall have the burden of proof concerning whether the Indemnitee has or has not met the applicable standard of conduct.

Appears in 3 contracts

Samples: Indemnification Agreement (Keystone Automotive Industries Inc), Indemnification Agreement (Keystone Automotive Industries Inc), Indemnification Agreement (Keystone Automotive Industries Inc)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement, the Corporation shall determine by any of the methods set forth in Section 145(d) of the DGCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement is not paid in full by the Corporation within ninety days after such written claim has been received by the Corporation, Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, counsel or its stockholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 3 contracts

Samples: Indemnification Agreement (Med E America Corp), Indemnification Agreement (Global Knowledge Inc), Indemnification Agreement (Lexent Inc)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement2, the Corporation Bank shall determine by any of the methods set forth in Section 145(d317(e) of the DGCL Code whether Indemnitee has met the applicable standards of conduct that make which makes it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement is not paid in full by the Corporation Bank within ninety (90) days after such written claim has been received by the CorporationBank, Indemnitee may at any time thereafter bring suit against the Corporation Bank to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation Bank (including its Board of DirectorsBoard, independent legal counsel, counsel or its stockholdersshareholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation Bank (including its Board of DirectorsBoard, independent legal counsel or its stockholdersshareholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation Bank shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 3 contracts

Samples: Indemnification Agreement (Gateway Pacific Bancorp), Indemnification Agreement (Gateway Pacific Bancorp), Indemnification Agreement (1st Pacific Bancorp)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement3, the Corporation Company shall determine indemnify Indemnitee with respect to such written claim to the fullest extent permitted by any of the methods set forth in Section 145(d) of the DGCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemniteelaw. If a claim under Section 2 of this Agreement 3 is not paid in full by the Corporation Company within ninety 30 days after such written claim has been received by the CorporationCompany, the Indemnitee may at any time thereafter bring suit against the Corporation Company to recover the unpaid amount of the claim claim, and, unless such action is dismissed by if successful in whole or in part, the court as frivolous or brought in bad faith, Indemnitee shall also be entitled to be paid also the expense expenses of prosecuting such claim. Neither the failure of the Corporation Company (including its Board of Directors, independent legal counsel, or its stockholdersshareholders) to make a determination prior to the commencement of such action that indemnification of the Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation Company (including its Board of Directors, independent legal counsel or its stockholdersshareholders) that the Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought It shall determine whether at all times be presumed that Indemnitee has met the applicable standard of conduct to be entitled to indemnification, and the Company or the Corporation anyone else seeking to overcome this presumption shall have the burden of proof concerning whether to establish that Indemnitee has or has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Indemnification Agreement (Lindsay Corp), Indemnification Agreement (Lindsay Manufacturing Co)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement2, the Corporation Company shall determine by any of the methods set forth in Section 145(d317(e) of the DGCL Code whether Indemnitee has met the applicable standards of conduct that make which makes it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement is not paid in full by the Corporation Company within ninety (90) days after such written claim has been received by the CorporationCompany, Indemnitee may at any time thereafter bring suit against the Corporation Company to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation Company (including its Board of DirectorsBoard, independent legal counsel, counsel or its stockholdersshareholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation Company (including its Board of DirectorsBoard, independent legal counsel or its stockholdersshareholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation Company shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Indemnification Agreement (Gateway Pacific Bancorp), Indemnification Agreement (Gateway Pacific Bancorp)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement3, the Corporation shall determine by any of the methods set forth in Section 145(d) 317 of the DGCL California Corporations Code whether Indemnitee has met the applicable standards of conduct that which make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement 3 is not paid in full by the Corporation within ninety thirty (30) days after such written claim has been received by the CorporationCorporation or if applicable, whatever time is reasonably necessary for the Corporation to complete the investigation contemplated in Section 3 of this Agreement, the Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim andclaim. The Indemnitee’s Expenses incurred in connection with successfully establishing his or her right to indemnification or advances, unless in whole or in part, in any such action is dismissed Proceeding shall also be indemnified by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claimCorporation. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of the Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that the Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether the Indemnitee has or has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Indemnification Agreement (Hemacare Corp /Ca/), Indemnification Agreement (Hemacare Corp /Ca/)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement3, the Corporation Company shall determine indemnify the Indemnitee with respect to such written claim to the full extent permitted by any law and in the manner specified by Section 317 of the methods set forth in Section 145(d) of the DGCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify IndemniteeCalifornia Corporation Code. If a claim under Section 2 of this Agreement 3 is not paid in full by the Corporation Company within ninety thirty (30) days after such written claim has been received by the CorporationCompany, the Indemnitee may at any time thereafter bring suit against the Corporation Company to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, the Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation Company (including its Board of Directors, independent legal counsel, or its stockholdersshareholders) to make a determination prior to the commencement of such action that indemnification of the Indemnitee is proper in the circumstances because the Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation Company (including its Board of Directors, independent legal counsel or its stockholdersshareholders) that the Indemnitee has not met such applicable standard of conduct, shall create a presumption that the Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation Company shall have the burden of proof concerning whether the Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (On Village Communications Inc)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement3, the Corporation shall determine by any of the methods set forth in Section 145(d) 317 of the DGCL California Corporations Code whether Indemnitee has met the applicable standards of conduct that which make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement 3 is not paid in full by the Corporation within ninety thirty (30) days after such written claim has been received by the CorporationCorporation or if applicable, whatever time is reasonably necessary for the Corporation to complete the investigation contemplated in Section 3 of this Agreement, the Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim andclaim. The Indemnitee's Expenses incurred in connection with successfully establishing his or her right to indemnification or advances, unless in whole or in part, in any such action is dismissed Proceeding shall also be indemnified by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claimCorporation. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of the Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that the Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether the Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Hemacare Corp /Ca/)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement3, the Corporation Company shall determine indemnify the Indemnitee with respect to such written claim to the full extent permitted by any of the methods set forth in Section 145(d) of the DGCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemniteelaw. If a claim under Section 2 of this Agreement is 3is not paid in full by the Corporation Company within ninety thirty (30) days after such written claim has been received by the CorporationCompany, the Indemnitee may at any time thereafter bring suit against the Corporation Company to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, the Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation Company (including its Board of Directors, independent legal counsel, or its stockholdersshareholders) to make a determination prior to the commencement of such action that indemnification of the Indemnitee is proper in the circumstances because the Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation Company (including its Board of Directors, independent legal counsel or its stockholdersshareholders) that the Indemnitee has not met such applicable standard of conduct, shall create a presumption that the Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation Company shall have the burden of proof concerning whether the Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Pods Inc)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement3, the Corporation shall determine by any of the methods set forth in Section 145(d317(e) of the DGCL California Corporations Code whether Indemnitee has met the applicable standards standard of conduct that make which makes it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement 3 is not paid in full by the Corporation within ninety (90) days after such written claim has been received by the Corporation, the Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, the Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action, other than an action brought to enforce a claim for Expenses incurred in defending any Proceeding (other than a Proceeding brought by the Corporation directly in its own right as distinguished from an action brought derivatively or by any receiver or trustee) in advance of its final disposition where the required undertaking, if any, has been tendered to the Corporation that the Indemnitee has not met the standards of conduct which make it permissible under applicable law to indemnify the Indemnitee for the amount claimed, but the burden of proving such defense, by clear and convincing evidence, shall be on the Corporation. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholdersshareholders) to make a determination prior to the commencement of such action that indemnification of the Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholdersshareholders) that the Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Bank of Marin Bancorp)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement, the Corporation shall determine by any of the methods set forth in Section 145(d) of the DGCL Delaware General Corporation Law whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement is not paid in full by the Corporation within ninety days after such written claim has been received by the Corporation, Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Eplus Inc)

Determination of Right to Indemnification. Upon receipt of a ----------------------------------------- written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement3, the Corporation shall determine by any of the methods set forth in Section 145(d) of the DGCL General Corporation Law of the State of Delaware and the Regulations whether Indemnitee has met the applicable standards of conduct that which make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement 3 is not paid in full by the Corporation within ninety thirty (30) days after such written claim has been received by the CorporationCorporation or if applicable, whatever time is reasonably necessary for the Corporation to complete the investigation contemplated in Section 3 of this Agreement, the Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim andclaim. The Indemnitee's Expenses incurred in connection with successfully establishing his or her right to indemnification or advances, unless in whole or in part, in any such action is dismissed Proceeding shall also be indemnified by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claimCorporation. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of the Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that the Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether the Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (United Panam Financial Corp)

Determination of Right to Indemnification. Upon receipt of a written ----------------------------------------- claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement, the Corporation shall determine by any of the methods set forth in Section 145(d) of the DGCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement is not paid in full by the Corporation within ninety days after such written claim has been received by the Corporation, Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Nexell Therapeutics Inc)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement, the Corporation shall determine by any of the methods set forth in Section 145(d) 723 of the DGCL BCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement is not paid in full by the Corporation within ninety days after such written claim has been received by the Corporation, Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Netcreations Inc)

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Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement, the Corporation shall determine by any of the methods set forth in Section 145(d) of the DGCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement is not paid in full by the Corporation within ninety 90 days after such written claim has been received by the Corporation, Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Aftermarket Technology Corp)

Determination of Right to Indemnification. Upon receipt of a written claim ----------------------------------------- addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement, the Corporation shall determine by any of the methods set forth in Section 145(d) of the DGCL Delaware GCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement is not paid in full by the Corporation within ninety days after such written claim has been received by the Corporation, Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also any expenses associated with the expense prosecution of prosecuting such claim. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Icon Holdings Corp)

Determination of Right to Indemnification. Upon receipt of a ----------------------------------------- written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement, the Corporation shall determine by any of the methods set forth in Section 145(d) of the DGCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement is not paid in full by the Corporation within ninety thirty days after such written claim has been received by the Corporation, Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Leslies Poolmart)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement3, the Corporation shall determine by any of the methods set forth in Section 145(d) 145 of the DGCL whether each Indemnitee has met the applicable standards of conduct that which make it permissible under applicable law to indemnify such Indemnitee. If a claim under Section 2 of this Agreement 3 is not paid in full by the Corporation within ninety thirty (30) days after such written claim has been received by the CorporationCorporation or if applicable, whatever time is reasonably necessary for the Corporation to complete the investigation contemplated in Section 3 of this Agreement, the Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim andclaim. The Indemnitee’s Expenses incurred in connection with successfully establishing his, unless her or its right to indemnification or advances, in whole or in part, in any such action is dismissed Proceeding shall also be indemnified by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claimCorporation. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of the Indemnitee is proper in the circumstances because such Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that the Indemnitee has not met such applicable standard of conduct, shall create a presumption that such Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether the Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Sport Chalet Inc)

Determination of Right to Indemnification. ​ ​ Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement3, the Corporation shall determine by any of the methods set forth in Section 145(d317(e) of the DGCL California Corporations Code whether Indemnitee has met the applicable standards standard of conduct that make which makes it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement 3 is not paid in full by the Corporation within ninety (90) days after such written claim has been received by the Corporation, the Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, the Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action, other than an action brought to enforce a claim for Expenses incurred in defending any Proceeding (other than a Proceeding brought by the Corporation directly in its own right as distinguished from an action brought derivatively or by any receiver or trustee) in advance of its final disposition where the required undertaking, if any, has been tendered to the Corporation that the Indemnitee has not met the standards of conduct which make it permissible under applicable law to indemnify the Indemnitee for the amount claimed, but the burden of proving such defense, by clear and convincing evidence, shall be on the Corporation. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholdersshareholders) to make a determination prior to the commencement of such action that indemnification of the ​ Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholdersshareholders) that the Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Sierra Bancorp)

Determination of Right to Indemnification. Upon receipt of a written ----------------------------------------- claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement3, the Corporation Company shall determine indemnify the Indemnitee with respect to such written claim to the full extent permitted by any of the methods set forth in Section 145(d) of the DGCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemniteelaw. If a claim under Section 2 of this Agreement 3 is not paid in full by the Corporation Company within ninety thirty (30) days after such written claim has been received by the CorporationCompany, the Indemnitee may at any time thereafter bring suit against the Corporation Company to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, the Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation Company (including its Board of Directors, independent legal counsel, or its stockholdersshareholders) to make a determination prior to the commencement of such action that indemnification of the Indemnitee is proper in the circumstances because the Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation Company (including its Board of Directors, independent legal counsel or its stockholdersshareholders) that the Indemnitee has not met such applicable standard of conduct, shall create a presumption that the Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation Company shall have the burden of proof concerning whether the Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Creative Master International Inc)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement, the Corporation shall determine by any of the methods set forth in Section 145(d) of the DGCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement is not paid in full by the Corporation within ninety thirty days after such written claim has been received by the Corporation, Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that Indemnitee has not met such the applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Leslies Poolmart Inc)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement3, the Corporation shall determine by any of the methods set forth in Section 145(d) 145 of the DGCL whether Indemnitee has met the applicable standards of conduct that which make it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement 3 is not paid in full by the Corporation within ninety thirty (30) days after such written claim has been received by the CorporationCorporation or if applicable, whatever time is reasonably necessary for the Corporation to complete the investigation contemplated in Section 3 of this Agreement, the Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim andclaim. The Indemnitee’s Expenses incurred in connection with successfully establishing his or her right to indemnification or advances, unless in whole or in part, in any such action is dismissed Proceeding shall also be indemnified by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claimCorporation. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of the Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that the Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether the Indemnitee has or has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Indemnification Agreement (Sport Chalet Inc)

Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for indemnification pursuant to Section 2 of this Agreement, the Corporation shall determine by any of the methods set forth in Section 145(d) 14A:3-5 of the DGCL NJCL whether Indemnitee has met the applicable standards of conduct that make it permissible under applicable law to indemnify Indemnitee. The Corporation's Board will use its best efforts to designate Xxxxxxx Xxxxxxxx, Esq., now of Fulbright & Xxxxxxxx, LLP, as independent legal counsel to assist the Board in making this determination. If a claim under Section 2 of this Agreement is not paid in full by the Corporation within ninety days after such written claim has been received by the Corporation, Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense all expenses of prosecuting such claim. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct. With respect to all litigation now pending, the Corporation acknowledges that Indemnitee and his Affiliates have met the applicable standard of conduct.

Appears in 1 contract

Samples: Stock Repurchase Agreement (Osicom Technologies Inc)

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