Common use of Assumption of Defense Clause in Contracts

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 101 contracts

Samples: Indemnity Agreement (NovaBay Pharmaceuticals, Inc.), Indemnification Agreement (GenesisAI Corp), Indemnification & Liability (Snow Lake Resources Ltd.)

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Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses Expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses Expenses provisions of this Agreement.

Appears in 54 contracts

Samples: Indemnity Agreement (Intrinsic Medicine, Inc.), Indemnification Agreement (Maxcyte, Inc.), Indemnification Agreement (Vividion Therapeutics, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if IndemniteeXxxxxxxxxx’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses Expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses Expenses provisions of this Agreement.

Appears in 13 contracts

Samples: Indemnification Agreement (Kintara Therapeutics, Inc.), Indemnity Agreement (Tesseract Collective, Inc.), Indemnification Agreement (Talis Biomedical Corp)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a is an actual or potential conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 10 contracts

Samples: Director Indemnification Agreement (Everyday Health, Inc.), Indemnity Agreement (BioSig Technologies, Inc.), Indemnification Agreement (Medicinova Inc)

Assumption of Defense. In the event If the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceedingProceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceedingProceeding, or to participate to the extent permissible in such proceedingProceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceedingProceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding Proceeding at Indemnitee’s sole cost and expenseExpense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding Proceeding within a reasonable time, then in any such event the fees and expenses Expenses of Indemnitee’s counsel to defend such proceeding Proceeding shall be subject to the indemnification and advancement of expenses Expenses provisions of this Agreement.

Appears in 9 contracts

Samples: Indemnity Agreement (EKIMAS Corp), Indemnification Agreement (Rocketfuel Blockchain, Inc.), Indemnity Agreement (Rocketfuel Blockchain, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s 's sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s 's counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a is an actual or potential conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s 's counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 8 contracts

Samples: Indemnity Agreement (Entropic Communications Inc), Indemnity Agreement (Cardionet Inc), Indemnity Agreement (Cardionet Inc)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceedingProceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 7 contracts

Samples: Indemnity Agreement (C3.ai, Inc.), Indemnification Agreement (DigitalOcean Holdings, Inc.), Indemnity Agreement (Alarm.com Holdings, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement. The Company shall not be entitled to assume the defense of any action, suit or proceeding brought by or on behalf of the Company or as to which Indemnitee shall have initiated in accordance with Section 10(b).

Appears in 5 contracts

Samples: Indemnification Agreement (Gemphire Therapeutics Inc.), Indemnification Agreement (Gemphire Therapeutics Inc.), Indemnification Agreement (Xencor Inc)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if IndemniteeXxxxxxxxxx’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 4 contracts

Samples: Indemnification Agreement (Lomond Therapeutics Holdings, Inc.), Indemnity Agreement (Contineum Therapeutics, Inc.), Indemnification Agreement (Turbo Energy, S.A.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceedingProceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceedingProceeding, or to participate to the extent permissible in such proceedingProceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceedingProceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding Proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding Proceeding within a reasonable time, then in any such event the fees and expenses Expenses of Indemnitee’s counsel to defend such proceeding Proceeding shall be subject to the indemnification and advancement of expenses Expenses provisions of this Agreement.

Appears in 3 contracts

Samples: Indemnification Agreement (Univar Solutions Inc.), Indemnification Agreement (ConversionPoint Holdings, Inc.), Indemnification Agreement (Polar Power, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee obligated under Section 2(a) hereof to pay the expenses of any proceedingaction, suit or proceeding involving the Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of such proceedingaction, suit or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense approved by the Company Indemnitee (such approval not to be unreasonably withheld), upon the delivery to the Indemnitee of written notice of its election so to do. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company shall will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same proceeding, ; provided that (i) the Indemnitee shall have the right to employ separate his or her counsel in any such action, suit or proceeding at the Indemnitee’s sole cost expense; and expense. Notwithstanding (ii) if (A) the foregoingemployment of counsel by the Indemnitee has been previously authorized by the Company, if Indemnitee’s counsel delivers a written notice to (B) the Company stating that such counsel has Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct of any such defense defense, or (C) the Company shall not, in fact, have employed counsel or otherwise actively pursued to assume the defense of such proceeding within a reasonable timeaction, suit or proceeding, then in any such event the fees and expenses of the Indemnitee’s counsel to defend such proceeding shall be subject to at the indemnification and advancement expense of expenses provisions of this Agreementthe Company.

Appears in 3 contracts

Samples: Indemnification Agreement (SMART Modular Technologies (WWH), Inc.), Indemnification Agreement (SMART Modular Technologies (DE), Inc.), Indemnification Agreement (SMART Modular Technologies (WWH), Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s 's sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s 's counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s 's counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 3 contracts

Samples: Indemnity Agreement (Affymax Inc), Indemnification Agreement (Favrille Inc), Indemnity Agreement (CyDex Pharmaceuticals, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee obligated to pay the expenses of the Indemnitee with respect to any proceeding, the Company, if appropriate, Company shall be entitled to assume the defense of such proceeding, or to participate with counsel of its choosing, upon the delivery to the extent permissible in such proceeding, with counsel reasonably acceptable Indemnitee of written notice of its election so to Indemniteedo. Upon assumption of the defense by the Company and the retention After delivery of such counsel by the Companynotice, the Company shall will not be liable to the Indemnitee under this Agreement for any fees and expenses of counsel which are subsequently incurred by the Indemnitee with respect to the same proceeding; provided, provided however, that the Indemnitee shall have the right to employ separate his counsel in any such proceeding at the Indemnitee’s sole cost 's expense; and expense. Notwithstanding provided further, that if (i) the foregoingemployment of counsel by the Indemnitee has been previously authorized by the Company, if Indemnitee’s counsel delivers a written notice to or (ii) the Company stating that such counsel has Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct of any such defense defense, or (iii) the Company shall not, in fact, have employed counsel or otherwise actively pursued to assume the defense of such proceeding within a reasonable timeproceeding, then then, in any such event case, the fees and expenses of Indemnitee’s 's counsel to defend such proceeding shall be subject to at the indemnification and advancement expense of expenses provisions of this Agreementthe Company.

Appears in 3 contracts

Samples: Indemnity Agreement (Sierracities Com Inc), Indemnity Agreement (Young Innovations Inc), Indemnity Agreement (Apropos Technology Inc)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, at Indemnitee’s request following a Change of Control, or if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 2 contracts

Samples: Indemnification Agreement (Caleminder Inc), Indemnification Agreement (Medical Transcription Billing, Corp)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee as evidenced by Indemnitee’s prior written consent. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 2 contracts

Samples: Indemnification Agreement (Violin Memory Inc), Indemnification Agreement (Violin Memory Inc)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the CompanyCompany or its affiliates, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company or its affiliates and the retention of such counsel by the CompanyCompany or its affiliates, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 2 contracts

Samples: Indemnification & Liability (Iterum Therapeutics LTD), Indemnification Agreement (Iterum Therapeutics LTD)

Assumption of Defense. In the event the Company shall be requested by Indemnitee obligated to pay the any expenses or costs of any proceedingProceedings against Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable approved by Indemnitee, upon the delivery to IndemniteeIndemnitee of written notice of its election to assume the defense. Upon assumption of the defense by the Company and the retention After delivery of such counsel by the Companynotice, the Company shall will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceedingProceeding, provided provided, however, that (a) Indemnitee shall have the right to employ separate counsel in any such proceeding Proceeding at Indemnitee’s sole cost and 's expense. Notwithstanding , or (b) if (i) the foregoingemployment of counsel by Indemnitee has been previously authorized by the Company, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has (ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense defense, or (iii) the Company shall not, in fact, have employed counsel or otherwise actively pursued to assume the defense of such proceeding within a reasonable timeProceeding, then in any such event the fees and expenses of Indemnitee’s 's counsel to defend such proceeding shall be subject at the expense of the Company. The Company shall not be entitled to assume the indemnification and advancement defense of expenses provisions any Proceeding brought by or in the right of this Agreementthe Company or as to which Indemnitee shall have made the conclusion provided for in (b)(ii) above.

Appears in 2 contracts

Samples: Indemnification Agreement (Payless Cashways Inc), Indemnification Agreement (Payless Cashways Inc)

Assumption of Defense. In the event If the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s 's sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s 's counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s 's counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 2 contracts

Samples: Indemnification Agreement (S&W Seed Co), Indemnification Agreement (S&W Seed Co)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement. T. Love Indemnity Agreement 02.04.10 [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

Appears in 2 contracts

Samples: Transition and Retirement Agreement, Transition and Retirement Agreement (Onyx Pharmaceuticals Inc)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, or thereafter reasonably maintained the defense of such proceeding, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 2 contracts

Samples: Indemnification Agreement (Divx Inc), Indemnification Agreement (Monogram Biosciences, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceedingProceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceedingProceeding, or to participate to the extent permissible in such proceedingProceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceedingProceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding Proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if IndemniteeIxxxxxxxxx’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding Proceeding within a reasonable time, then in any such event the fees and expenses Expenses of Indemnitee’s counsel to defend such proceeding Proceeding shall be subject to the indemnification and advancement of expenses Expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (SONDORS Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if IndemniteeIxxxxxxxxx’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses Expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses Expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnity Agreement (Iris Parent Holding Corp.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee --------------------- obligated to pay the expenses of the Indemnitee with respect to any proceeding, the Company, if appropriate, Company shall be entitled to assume the defense of such proceeding, or to participate with counsel of its choosing, upon the delivery to the extent permissible in such proceeding, with counsel reasonably acceptable Indemnitee of written notice of its election so to Indemniteedo. Upon assumption of the defense by the Company and the retention After delivery of such counsel by the Companynotice, the Company shall will not be liable to the Indemnitee under this Agreement for any fees and expenses of counsel which are subsequently incurred by the Indemnitee with respect to the same proceeding; provided, provided however, that the Indemnitee shall have the right to employ separate his counsel in any such proceeding at the Indemnitee’s sole cost 's expense; and expense. Notwithstanding provided further, that if (i) the foregoingemployment of counsel by the Indemnitee has been previously authorized by the Company, if Indemnitee’s counsel delivers a written notice to or (ii) the Company stating that such counsel has Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct of any such defense defense, or (iii) the Company shall not, in fact, have employed counsel or otherwise actively pursued to assume the defense of such proceeding within a reasonable timeproceeding, then then, in any such event case, the fees and expenses of Indemnitee’s 's counsel to defend such proceeding shall be subject to at the indemnification and advancement expense of expenses provisions of this Agreementthe Company.

Appears in 1 contract

Samples: Indemnity Agreement (Apropos Technology Inc)

Assumption of Defense. In the event If the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceedingProceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, Proceeding or to participate to the extent permissible in such proceedingProceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceedingProceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding Proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there is or may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding Proceeding within a reasonable time, then in any such event the fees and expenses Expenses of Indemnitee’s counsel to defend such proceeding Proceeding shall be subject to the indemnification and advancement of expenses Expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Dialogic Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceedingProceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.such

Appears in 1 contract

Samples: Indemnity Agreement (Coupang, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to (0 Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement. The Company shall not be entitled to assume the defense of any action, suit or proceeding brought by or on behalf of the Company or as to which Indemnitee shall have initiated in accordance with Section 10(b).

Appears in 1 contract

Samples: Indemnification Agreement (Rexahn Pharmaceuticals, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such Indemnitee’s counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Astea International Inc)

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Assumption of Defense. In the event the Company shall be requested by Indemnitee obligated to pay the expenses of the Indemnitee with respect to any proceeding, the Company, if appropriate, Company shall be entitled to assume the defense of such proceeding, or to participate with counsel of its choosing, upon the delivery to the extent permissible in such proceeding, with counsel reasonably acceptable Indemnitee of written notice of its election so to Indemniteedo. Upon assumption of the defense by the Company and the retention After delivery of such counsel by the Companynotice, the Company shall will not be liable to the Indemnitee under this Agreement for any fees and expenses of counsel which are subsequently incurred by the Indemnitee with respect to the same proceeding; provided, provided however, that the Indemnitee shall have the right to employ separate his counsel in any such proceeding at the Indemnitee’s sole cost expense; and expense. Notwithstanding provided further, that if (i) the foregoingemployment of counsel by the Indemnitee has been previously authorized by the Company, if Indemnitee’s counsel delivers a written notice to or (ii) the Company stating that such counsel has Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct of any such defense defense, or (iii) the Company shall not, in fact, have employed counsel or otherwise actively pursued to assume the defense of such proceeding within a reasonable timeproceeding, then then, in any such event case, the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to at the indemnification and advancement expense of expenses provisions of this Agreementthe Company.

Appears in 1 contract

Samples: Indemnity Agreement (Young Innovations Inc)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceedingProceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceedingProceeding, or to participate to the extent permissible in such proceedingProceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceedingProceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding Proceeding at Indemnitee’s sole cost and expenseExpense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding Proceeding within a reasonable time, then in any such event the fees and expenses Expenses of Indemnitee’s counsel to defend such proceeding Proceeding shall be subject to the indemnification and advancement of expenses Expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Mobileye N.V.)

Assumption of Defense. In the event If the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if IndemniteeXxxxxxxxxx’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnity Agreement

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses Expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.counsel

Appears in 1 contract

Samples: Indemnity Agreement (CymaBay Therapeutics, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently directly incurred by Indemnitee with respect to Indemnitee’s defense of the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnity Agreement (True Drinks Holdings, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee obligated to pay the expenses of Indemnitee in respect of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee, upon delivery of written notice of its election to do so. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel or Indemnitee delivers a written notice to the Company stating that such counsel or Indemnitee has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnity Agreement (Tilray, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if IndemniteeXxxxxxxxxx’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense defense, or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event event, the fees and expenses Expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses Expenses provisions of this Agreement.

Appears in 1 contract

Samples: Business Combination Agreement (Phoenix Biotech Acquisition Corp.)

Assumption of Defense. In the event the Company shall may be requested by obligated to make any indemnity to Indemnitee to pay the expenses of contemplated hereunder in connection with any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be is, or is reasonably likely to be, a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, not have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the reasonable fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Backblaze, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company Company, and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if (i) Indemnitee’s counsel delivers a written notice to the Company at any time stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or that the conduct of any such defense would be precluded under the applicable standards of professional conduct then prevailing, (ii) the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, or fails to continue to retain such counsel to assume the defense of such proceeding, or (iii) the employment of counsel by Indemnitee has been authorized by the Company, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be the expense of the Company and subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnity Agreement (Cardlytics, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be is an actual or potential a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Horizon Pharma, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a is an actual or potential conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement. In the event the Company assumes the defense of such proceeding, as contemplated herein, the Company may not enter into a settlement of claims with respect to such proceeding as it relates to claims against Indemnitee without the prior consent of the Indemnitee, which shall not be unreasonably withheld.

Appears in 1 contract

Samples: Indemnification Agreement (Aethlon Medical Inc)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceedingProceeding, the Company, if appropriate, shall be entitled entitled 9. to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement. The Company shall not be entitled to assume the defense of any action, suit or proceeding brought by or on behalf of the Company or as to which Indemnitee shall have initiated in accordance with Section 10(b).

Appears in 1 contract

Samples: Indemnification Agreement (resTORbio, Inc.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s 's sole cost and expense. Notwithstanding the foregoing, at Indemnitee's request following a Change of Control, or if Indemnitee’s 's counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s 's counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Coactive Marketing Group Inc)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement. In the event the Company assumes the defense of such proceeding, as contemplated herein, the Company may not enter into a settlement of claims with respect to such proceeding as it relates to claims against Indemnitee without the prior consent of the Indemnitee, which shall not be unreasonably withheld.

Appears in 1 contract

Samples: Indemnification Agreement (Uranerz Energy Corp.)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if (a) Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or (b) the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable timetime and Indemnitee delivers a written notice to such effect to the Company, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding incurred following the delivery of such notice shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Hot Topic Inc /Ca/)

Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the expenses Expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.counsel

Appears in 1 contract

Samples: Indemnification Agreement (Fibrogen Inc)

Assumption of Defense. In the event the Company shall be requested by Indemnitee obligated under Section 2(a) hereof to pay the expenses of any proceedingaction, suit or proceeding involving the Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of such proceedingaction, suit or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense approved by the Company Indemnitee (such approval not to be unreasonably withheld), upon the delivery to the Indemnitee of written notice of its election so to do. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company shall will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same proceeding, ; provided that (i) the Indemnitee shall have the right to employ separate his or her counsel in any such action, suit or proceeding at the Indemnitee’s sole cost 's expense; and expense. Notwithstanding (ii) if (A) the foregoingemployment of counsel by the Indemnitee has been previously authorized by the Company, if Indemnitee’s counsel delivers a written notice to (B) the Company stating that such counsel has Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct of any such defense defense, or (C) the Company shall not, in fact, have employed counsel or otherwise actively pursued to assume the defense of such proceeding within a reasonable timeaction, suit or proceeding, then in any such event the fees and expenses of the Indemnitee’s 's counsel to defend such proceeding shall be subject to at the indemnification and advancement expense of expenses provisions of this Agreementthe Company.

Appears in 1 contract

Samples: Indemnification Agreement (Ultra Clean Holdings Inc)

Assumption of Defense. In the event If Indemnitee requests that the Company shall be requested by Indemnitee to pay the expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such counsel has reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Alexza Pharmaceuticals Inc.)

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