Common use of Continuing Indemnification of Directors and Others Clause in Contracts

Continuing Indemnification of Directors and Others. From and until the sixth anniversary of the Closing Date, Founder shall cause each Subject Partner Company to honor both the indemnity agreements to which it is party as listed in Section 10.6 of Partner Company Disclosure Schedule and the provisions in its Charter Documents and Bylaws, in the forms delivered to Founder pursuant to this Agreement at the Closing (the “E&I Provisions”), relating to the exculpation or indemnification of officers, directors, employees or agents who held any such position on or prior to the Closing Date (collectively, the “E&I Indemnitees”), it being the intent of the parties that the E&I Indemnitees who held any such position on or prior to the Closing Date shall continue to be entitled to the benefit of the E&I Provisions with respect to all periods through the Closing Date to the fullest extent permitted by applicable law.