Common use of Continuance of Existing Indemnification Rights Clause in Contracts

Continuance of Existing Indemnification Rights. (a) For a period of six years from and after the Effective Time, Parent shall indemnify, and advance expenses in matters that may be subject to indemnification to, persons who served as directors and officers of Company or any Company Subsidiary on or before the Effective Time with respect to liabilities and claims (and related expenses) made against them resulting from their service as such prior to the Effective Time with and subject to the requirements and other provisions of Company's Certificate of Incorporation, By-Laws and indemnification agreements in effect on the date of this Agreement and applicable provisions of Law.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Ornda Healthcorp), Stockholder Voting Agreement (Ornda Healthcorp), Agreement and Plan of Merger (Littlejohn Joseph & Levy Fund L P)

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