Contractual Obligation. The obligations of the Company to indemnify a director or officer under this Article IV, including the duty to advance expenses, shall be considered a contract between the Company and such director or officer, and no modification or repeal of any provision of this Article IV shall affect, to the detriment of the director or officer, such obligations of the Company in connection with a claim based on any act or failure to act occurring before such modification or repeal.
Appears in 7 contracts
Samples: Agreement and Plan of Merger (Fintech Acquisition Corp. II), Agreement and Plan of Merger (FinTech Acquisition Corp), Agreement and Plan of Merger (Intersil Corp/De)
Contractual Obligation. The obligations of the Company to indemnify a director Member, Director or officer Officer under this Article IVVIII, including the duty to advance expenses, shall be considered a contract between the Company and such director Director or officerOfficer, and no modification or repeal of any provision of this Article IV VIII shall affect, to the detriment of the director Director or officerOfficer, such obligations of the Company in connection with a claim based on any act or failure to act occurring before such modification or repeal.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (MacDermid Group Inc.), Limited Liability Company Operating Agreement (MagnaChip Semiconductor LTD (United Kingdom))
