Common use of Continuation of Rights Clause in Contracts

Continuation of Rights. The indemnification and advancement of expenses provided by, or granted pursuant to, this Article XI shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Bergen Brunswig Corp), Agreement and Plan of Merger (Bergen Brunswig Corp), Getty Images Inc

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Continuation of Rights. The indemnification and advancement of expenses provided by, by or granted pursuant to, this Article XI IX shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of any such a person.

Appears in 3 contracts

Samples: First Amendment (Computer Software Innovations Inc), Preferred Stock Purchase Agreement (Computer Software Innovations Inc), Agreement and Plan of Merger (Computer Software Innovations Inc)

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Continuation of Rights. The indemnification and advancement or reimbursement of expenses provided by, or granted pursuant to, this Article XI shall, unless otherwise provided when authorized or ratified, shall continue as to a person who has ceased to be a directormember, officerdirector or officer of the Corporation, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

Appears in 1 contract

Samples: Agreement and Plan of Merger (A.C. Moore Arts & Crafts, Inc.)

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