Common use of Director Indemnification Clause in Contracts

Director Indemnification. HDS shall have obtained directors and ------------------------ officers liability insurance from a reputable insurance company in type and amount as is customary for companies similarly situated, and HDS shall have entered into an indemnification agreement with each STOCKHOLDER, if any, who will become a director of HDS, such indemnification agreement to be substantially in the form attached as Annex VII.