Director or Officer Sample Clauses

Director or Officer any natural person who was, is or becomes a duly elected or appointed director or officer of a Company (or equivalent position).

Director or Officer. Any natural person who is: i. A Director or Officer of the Company, duly elected, appointed or designated pursuant to the applicable law or the articles of association of the Company, or any equivalent supervisory or management position under the laws of any jurisdiction, including any member of the Board of Directors or comparable management or supervisory board of the Company, or ii. a “de facto” or “shadow” Director or Officer of the Company pursuant to applicable law.

Director or Officer. The Subscriber is a director or executive officer or general partner of the Company, or general partner of its general partner.

Director or Officer. The Corporation shall indemnify, to the full extent then permitted by law, a Director or officer to the extent he or she was successful, on the merits or otherwise, in the defense of any threatened, pending, or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation) (individually and collectively “Proceeding”) by reason of the fact that such person (“Indemnitee”) is or was a Director or officer of the Corporation (unless the Director of officer was adjudged liable on the basis of receipt of a financial benefit to which he or she was not entitled, whether or not involving action in an official capacity), or is or was serving at the request of the Corporation as a Director, trustee, officer, employee or agent of another corporation or legal entity against expenses (including attorneys’ fees), judgments, fines, and excise taxes assessed on the Indemnitee with respect to any employee benefit plan and amounts paid in settlement actually and reasonably incurred by such Indemnitee in connection with such Proceeding (collectively “Losses”) if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Corporation and if none of the exceptions in Section 2 of this Article apply. i. The termination of any Proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the Indemnitee did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the Corporation.

Director or Officer. As the case may be, the Executive agrees that he will be deemed to have resigned from all positions that the Executive holds as an officer or member of the board (or a committee thereof) of the Company or any of its affiliates and as a fiduciary or trustee of any benefit plans sponsored or maintained by the Company or any of its affiliates. Upon request by the Company, the Executive will execute all required documentation to effect such resignations on a timely basis, if any. The Executive acknowledges and confirms that all signing authorities held by him in connection with and furtherance of his duties with the Company shall immediately cease and terminate on the Termination Date.