Determination of Entitlement to Indemnification. Any indemnification permitted under this Article 7 (unless ordered by a court) shall be made by the Company only as authorized in the specific case upon a determination that (a) indemnification has been approved by the Board of Directors and (b) indemnification of the Covered Person is proper in the circumstances because he or she has met all applicable standards of conduct set forth in this Article 7. Such determination under subsection (b) shall be made, with respect to a person who is a Director or officer of the Company at the time of such determination, (i) by a majority vote of the Directors who are not parties to such Proceeding, even though less than a quorum; (ii) by a committee of such Directors designated by majority vote of such Directors, even though less than a quorum; (iii) if there are no such Directors, or if such Directors so direct, by independent legal counsel in a written opinion; or (iv) by the Members. Such determination under subsection (b) shall be made, with respect to any person who is not a Director or officer of the Company at the time of such determination, in the manner determined by the Board of Directors (including in such manner as may be set forth in any general or specific action of the Board of Directors applicable to indemnification claims by such Person) or in the manner set forth in any agreement to which such Person and the Company are parties.
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Samples: Limited Liability Company Agreement (Jefferies Group LLC), Limited Liability Company Agreement (Jefferies Group LLC)
Determination of Entitlement to Indemnification. Any indemnification required or permitted under this Article 7 VI (unless ordered by a court) shall be made by the Company Corporation only as authorized in the specific case upon a determination that (a) indemnification has been approved by the Board of Directors and (b) indemnification of the Covered Person present or former director, officer, employee or agent is proper in the circumstances because he or she has met all applicable standards of conduct set forth in this Article 7VI and Section 145 of the General Corporation Law of the State of Delaware. Such determination under subsection (b) shall be made, with respect to a person who is a Director director or officer of the Company Corporation at the time of such determination, (i) by a majority vote of the Directors directors who are not parties to such Proceeding, even though less than a quorum; (ii) by a committee of such Directors directors designated by majority vote of such Directorsdirectors, even though less than a quorum; (iii) if there are no such Directorsdirectors, or if such Directors directors so direct, by independent legal counsel in a written opinion; or (iv) by the Membersstockholders. Such determination under subsection (b) shall be made, with respect to any person who is not a Director director or officer of the Company Corporation at the time of such determination, in the manner determined by the Board of Directors (including in such manner as may be set forth in any general or specific action of the Board of Directors applicable to indemnification claims by such Personperson) or in the manner set forth in any agreement to which such Person person and the Company Corporation are parties.
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Samples: Merger Agreement (CF Acquisition Corp. VIII), Merger Agreement (Sprint Nextel Corp)
Determination of Entitlement to Indemnification. Any indemnification required or permitted under this Article 7 (unless ordered by a court) shall be made by the Company only as authorized in the specific case upon a determination that (a) indemnification has been approved by the Board of Directors and (b) indemnification of the Covered Person is proper in the circumstances because he or she has met all applicable standards of conduct set forth in this Article 7. Such determination under subsection (b) shall be made, with respect to a person who is a Director Manager or officer of the Company at the time of such determination, (i) by a majority vote of the Directors Managers who are not parties to such Proceeding, even though less than a quorum; (ii) by a committee of such Directors Managers designated by majority vote of such DirectorsManagers, even though less than a quorum; (iii) if there are no such DirectorsManagers, or if such Directors Managers so direct, by independent legal counsel in a written opinion; or (iv) by the Members. Such determination under subsection (b) shall be made, with respect to any person who is not a Director Manager or officer of the Company at the time of such determination, in the manner determined by the Board of Directors Managers (including in such manner as may be set forth in any general or specific action of the Board of Directors Managers applicable to indemnification claims by such Person) or in the manner set forth in any agreement to which such Person and the Company are parties.
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Samples: Limited Liability Company Agreement (Morgan Stanley Capital Trust Iv)
Determination of Entitlement to Indemnification. Any indemnification required or permitted under this Article 7 SEVEN (unless ordered by a court) shall be made by the Company Corporation only as authorized in the specific case upon a determination that (a) indemnification has been approved by the Board of Directors and (b) indemnification of the Covered Person present or former director, officer, employee or agent is proper in the circumstances because he or she has met all applicable standards of conduct set forth in this Article 7SEVEN and Section 145 of the General Corporation Law of the State of Delaware. Such determination under subsection (b) shall be made, with respect to a person who is a Director director or officer of the Company Corporation at the time of such determination, (i) by a majority vote of the Directors directors who are not parties to such Proceedingaction, suit or proceeding, even though less than a quorum; (ii) by a committee of such Directors directors designated by majority vote of such Directorsdirectors, even though less than a quorum; (iii) if there are no such Directorsdirectors, or if such Directors directors so direct, by independent legal counsel in a written opinion; or (iv) by the Membersstockholders. Such determination under subsection (b) shall be made, with respect to any person who is not a Director director or officer of the Company Corporation at the time of such determination, in the manner determined by the Board of Directors (including in such manner as may be set forth in any general or specific action of the Board of Directors applicable to indemnification claims by such Personperson) or in the manner set forth in any agreement to which such Person person and the Company Corporation are parties.
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Determination of Entitlement to Indemnification. Any indemnification required or permitted under this Article 7 Agreement (unless ordered by a court) shall be made by the Company only as authorized in the specific case upon a determination that (a) indemnification has been approved by the Board of Directors and (b) indemnification of the Covered Person present or former director, officer, employee or agent is proper in the circumstances because he or she has met all applicable standards of conduct set forth in this Article 7Agreement and Section 145 of the General Corporation Law of the State of Delaware. Such determination under subsection (b) shall be made, with respect to a person who is a Director director or officer of the Company at the time of such determination, (i) by a majority vote of the Directors directors who are not parties to such Proceedingaction, suit or proceeding, even though less than a quorum; (ii) by a committee of such Directors directors designated by majority vote of such Directorsdirectors, even though less than a quorum; (iii) if there are no such Directorsdirectors, or if such Directors directors so direct, by independent legal counsel in a written opinion; or (iv) by the Membersstockholders. Such determination under subsection (b) shall be made, with respect to any person who is not a Director director or officer of the Company at the time of such determination, in the manner determined by the Board of Directors (including in such manner as may be set forth in any general or specific action of the Board of Directors applicable to indemnification claims by such Personperson) or in the manner set forth in any agreement to which such Person person and the Company are parties.
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Determination of Entitlement to Indemnification. Any indemnification required or permitted under pursuant to this Article 7 IX (unless ordered by a court) shall be made by the Company Corporation only as authorized in the a specific case upon a determination that (a) indemnification has been approved by the Board of Directors and (b) indemnification of the Covered Person present or former director, officer, employee, agent or other person is proper in the circumstances because he or she has met all applicable standards of conduct set forth in this Article 7IX and Section 145 of the DGCL or in any separate indemnification agreement between the Corporation and any such director, officer, employee, agent or other person. Such determination under subsection (b) shall be made, with respect to a person who is a Director director or officer of the Company at the time of such determination, (ia) by a majority vote of the Directors directors who are not parties to such ProceedingProceeding even though less than a quorum; (b) by a committee of such directors designated by majority vote of such directors, even though less than a quorum; (ii) by a committee of such Directors designated by majority vote of such Directors, even though less than a quorum; (iiic) if there are no such Directorsdirectors, or if such Directors directors so direct, by independent legal counsel in a written opinion; or (ivd) by the Membersstockholders. Such determination under subsection (b) shall be made, with respect to any person who is not a Director director or officer of the Company at the time of such determination, in the manner determined by the Board of Directors (including in such manner as may be set forth in any general or specific action of the Board of Directors applicable to indemnification claims by such Personperson) or in the manner set forth in any agreement to which such Person person and the Company Corporation are parties.
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