Common use of Expenses Indemnification Procedure Clause in Contracts

Expenses Indemnification Procedure. (a) Advancement of Expenses. The Company shall advance all expenses ----------------------- incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in Section 1(a) or (b) hereof (but not amounts actually paid in settlement of any such action or proceeding, which shall be governed by Section 1(a)). Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to Indemnitee within twenty (20) days following delivery of a written request therefor by Indemnitee to the Company.

Appears in 2 contracts

Samples: Indemnification Agreement (Lantronix), Indemnification Agreement (Gen Vec Inc)

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Expenses Indemnification Procedure. (a) Advancement of Expenses. The Company shall advance all expenses ----------------------- incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in Section 1(a) or (b) hereof (but not amounts actually paid in settlement of any such action or proceeding, which shall be governed by Section 1(a)). Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that the expenses incurred by Indemnitee were not reasonable or that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to Indemnitee within twenty (20) days following delivery of a written request therefor by Indemnitee to the Company.

Appears in 1 contract

Samples: Indemnification Agreement (Trylon Corp)

Expenses Indemnification Procedure. (a) Advancement of Expenses. The Company shall may advance all expenses ----------------------- reasonably incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or criminal action action, suit or proceeding referenced in Section 1(a) or (b) hereof (but not amounts actually paid in settlement of any such action action, suit or proceeding, which shall be governed by Section 1(a)). Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to Indemnitee within twenty (20) days following delivery of a written request therefor by Indemnitee to the Company.

Appears in 1 contract

Samples: Indemnification Agreement (Echelon Corp)

Expenses Indemnification Procedure. (a) Advancement of Expenses. The Company shall advance all expenses ----------------------- (including attorneys’ fees) actually and reasonably incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or criminal action action, suit or proceeding referenced in Section 1(a1 (a) or (b) hereof (but not amounts actually paid in settlement of any such action action, suit or proceeding, which shall be governed by Section 1(a)). Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to Indemnitee within twenty thirty (2030) days following delivery of a written request therefor by Indemnitee to the Company.

Appears in 1 contract

Samples: Indemnification Agreement (Bimini Capital Management, Inc.)

Expenses Indemnification Procedure. (a) Advancement of ExpensesADVANCEMENT OF EXPENSES. The Company shall advance all reasonable expenses ----------------------- incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in Section subsection 1(a) or (b1(b) hereof of this Agreement (but not amounts actually paid in settlement of any such action or proceeding, which shall be governed by Section 1(a)). Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to Indemnitee within twenty (20) days following delivery of a written request therefor by Indemnitee to the Company.

Appears in 1 contract

Samples: Indemnification Agreement (AeroGrow International, Inc.)

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Expenses Indemnification Procedure. (a) Advancement of Expenses. The Company shall advance all expenses ----------------------- incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or criminal action or proceeding referenced in Section 1(a) or (b) hereof (but not amounts actually paid in settlement of any such action or proceeding, which shall be governed by Section 1(a)). Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to Indemnitee within twenty (20) days following delivery of a written request therefor by Indemnitee to the Company.

Appears in 1 contract

Samples: Indemnification Agreement (Amkor Technology Inc)

Expenses Indemnification Procedure. (a) Advancement of Expenses. The Company shall advance all expenses ----------------------- incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or criminal action action, suit or proceeding referenced referred to in Section 1(a) or Section 1 (b) hereof (but not amounts actually paid in settlement of any such action action, suit or proceeding, which shall be governed by Section 1(a)). Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to Indemnitee within twenty (20) days following delivery of a written request therefor by Indemnitee to the Company.

Appears in 1 contract

Samples: Indemnification Agreement (Salix Holdings LTD)

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