Common use of Claims Against Officers Clause in Contracts

Claims Against Officers. The Purchaser hereby irrevocably agrees that it will not and will cause the Company not to commence any legal action or pursue any claim (other than claims for damages caused wilfully) against members of the board of directors and supervisory board of the Company in office at any time between 7 October 2002 and the Closing Date with respect to their activities performed for the Company prior to the Closing as members of the board of directors or as supervisory board members. This will not have an impact on the liability in accordance with the rules and limitations contained in the Labour Code of the employees of the Company including those who have been also members of the board of directors for any damages caused for the Company, which liability will remain unaffected.

Appears in 2 contracts

Samples: Sale and Purchase Agreement (Fleminghouse Investments LTD), Sale and Purchase Agreement (Euroweb International Corp)

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Claims Against Officers. The Purchaser Purchasers hereby irrevocably agrees agree that it they will not and will cause the Company not to commence any legal action or pursue any claim (other than claims for damages caused wilfullywilfully or with gross negligence) against members of the board of directors and supervisory board of the Company in office at any time between 7 October 2002 the date of execution of this Agreement and the Closing Date with respect to their activities performed for the Company prior to the Closing as members of the board of directors or as supervisory board members. This will not have an impact on the liability in accordance with the rules and limitations contained in the Labour Code of the employees of the Company including those who have been also members of the board of directors for any damages caused for the Company, which liability will remain unaffected.

Appears in 2 contracts

Samples: Sale and Purchase Agreement (Fleminghouse Investments LTD), Sale and Purchase Agreement (Emvelco Corp.)

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Claims Against Officers. The Purchaser Purchasers hereby irrevocably agrees agree that it they will not and will cause the Company not to commence any legal action or pursue any claim (other than claims for damages caused wilfully) against members of the board of directors and supervisory board of the Company in office at any time between 7 October 2002 1 September 2004 and the Closing Date with respect to their activities performed for the Company prior to the Closing as members of the board of directors or as supervisory board members. This will not have an impact on the liability in accordance with the rules and limitations contained in the Labour Code of the employees of the Company including those who have been also members of the board of directors for any damages caused for the Company, which liability will remain unaffected.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Euroweb International Corp)

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