Board of Directors; Indemnification. The Company shall use its best efforts to hold meetings of the Board at least once every four to six weeks unless otherwise agreed to by the Board. The Charter or By-laws of the Company shall at all times provide for the indemnification of the Board to the fullest extent provided by the law of the jurisdiction in which the Company is organized. The Company shall promptly reimburse in full each director of the Company who is not an employee of the Company for all reasonable out-of-pocket expenses incurred in attending each meeting of the Board of Directors of the Company or any committee thereof.
Appears in 3 contracts
Samples: Convertible Preferred Stock Purchase Agreement (Sitara Networks Inc), Convertible Preferred Stock Purchase Agreement (Sitara Networks Inc), Sitara Networks Inc
Board of Directors; Indemnification. The Company shall use its best efforts to hold at least four (4) meetings of the Board each year and at least once every four to six weeks unless ninety (90) days, except as otherwise agreed to by the Board. The Charter or Byby-laws of the Company shall at all times provide for the indemnification of the Board to the fullest full extent provided by the law of the jurisdiction in which the Company is organized. The Company shall promptly reimburse in full each director of the Company who is not an employee of the Company for all his reasonable out-out- of-pocket expenses incurred in attending each meeting of the Board of Directors of the Company or any committee thereof.
Appears in 1 contract
Samples: Convertible Preferred Stock Purchase Agreement (Net Genesis Corp)
Board of Directors; Indemnification. The Company shall use its best efforts to hold at least four (4) meetings of the Board each year and at least once every four to six weeks unless ninety (90) days, except as otherwise agreed to by the Board. The Charter or Byby-laws of the Company shall at all times provide for the indemnification of the Board to the fullest full extent provided by the law of the jurisdiction in which the Company is organized. The Company shall promptly reimburse in full each director of the Company who is not an employee of the Company for all his reasonable out-of-pocket expenses incurred in attending each meeting of the Board of Directors of the Company or any committee thereof.
Appears in 1 contract
Samples: Convertible Preferred Stock Purchase Agreement (Net Genesis Corp)
