Common use of Board Expenses Clause in Contracts

Board Expenses. The Company shall pay the reasonable out-of-pocket expenses incurred by each director in connection with attending the meetings of the Board and any committee thereof, and each Board member shall otherwise be compensated as determined from time to time by the Board. The Company shall use its best efforts to obtain and to maintain directors and officers indemnity insurance coverage at a commercially reasonable price, and the Company's articles of incorporation and bylaws shall provide for indemnification and exculpation of directors to the fullest extent permitted under applicable law.