Common use of Derivative Proceeding Clause in Contracts

Derivative Proceeding. KCD shall indemnify Director against expenses actually and reasonably incurred by Director in connection with the defense or settlement of any Derivative Proceeding if Director acted in good faith, in a manner that Director believed to be in the best interest of KCD's shareholders.

Appears in 5 contracts

Samples: Indemnification Agreement (Sequester Holdings Inc/Nv), Indemnification Agreement (Sequester Holdings Inc/Nv), Indemnification Agreement (Sequester Holdings Inc/Nv)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!