Change in Control of Company. The Company undertakes that in the ---------------------------- event of a Change in Control of the Company, the Company's obligations under this Agreement shall continue to be in effect following such Change in Control, and the Company shall take all necessary action to ensure that the party acquiring control of the Company shall independently undertake to continue in effect such Agreement, to maintain the provisions of the Articles of Association allowing indemnification and to indemnify Indemnitee in the event that the Company shall not have sufficient funds or otherwise shall not be able to fulfill its obligations hereunder.
Appears in 2 contracts
Samples: Director and Officer Indemnity Agreement (Viryanet LTD), Director and Officer Indemnity Agreement (Viryanet LTD)
Change in Control of Company. The Company undertakes that in the ---------------------------- event of a Change in Control of the Company, the Company's ’s obligations under this Agreement shall continue to be in effect following such Change in Control, and the Company shall take all necessary action to ensure that the party acquiring control of the Company shall independently undertake to continue in effect such Agreement, to maintain the provisions of the Articles of Association allowing indemnification and to indemnify Indemnitee in the event that the Company shall not have sufficient funds or otherwise shall not be able to fulfill its obligations hereunder.
Appears in 2 contracts
Samples: And Exculpation Agreement (RRSat Global Communications Network Ltd.), Indemnification and Exculpation Agreement (Check Point Software Technologies LTD)
Change in Control of Company. The Company undertakes that in the ---------------------------- event of a Change in Control of the Company, the Company's obligations under this Agreement shall continue to be in effect following such Change in Control, and the Company shall take all necessary action to ensure that the party acquiring control of the Company shall independently undertake to continue in effect such Agreement, to maintain the provisions of the Articles of Association allowing indemnification and to indemnify Indemnitee in the event that the Company shall not have sufficient funds or otherwise shall not be able to fulfill its obligations hereunder.
Appears in 1 contract
Samples: Form of Director Indemnification and Exculpation Agreement (Check Point Software Technologies LTD)
