Common use of Directors’ and Officers’ Indemnification Clause in Contracts

Directors’ and Officers’ Indemnification. (a) The ---------------------------------------- indemnification provisions of the articles of incorporation and bylaws of the Company as in effect at the Effective Time shall not be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who at the Effective Time were directors, officers, employees or agents of the Company.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Raceland Truck Plaza & Casino LLC), Agreement and Plan of Merger (Black Hawk Gaming & Development Co Inc), Agreement and Plan of Merger (MGM Grand Inc)

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Directors’ and Officers’ Indemnification. (a) The ---------------------------------------- indemnification provisions of the articles of incorporation and bylaws of the Company as in effect at the Effective Time shall not be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who at the Effective Time were directors, officers, employees or agents of the Company.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Diversified Opportunities Group LTD), Agreement and Plan of Merger (Cd Entertainment LTD), Agreement and Plan of Merger (Mirage Resorts Inc)

Directors’ and Officers’ Indemnification. (a) The ---------------------------------------- indemnification provisions of the articles of incorporation and bylaws of the Company as in effect at the Effective Time shall not be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who at the Effective Time were are present or former directors, officers, employees or agents of the Company.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Circus & Eldorado Joint Venture), Agreement and Plan of Merger (MGM Mirage)

Directors’ and Officers’ Indemnification. (a) The ---------------------------------------- -------------------------------------------- indemnification provisions of the articles of incorporation and bylaws of the Company as in effect at the Effective Time shall not be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who at or immediately prior to, the Effective Time were directors, officers, employees or agents of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Colonial Downs Holdings Inc)

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Directors’ and Officers’ Indemnification. (a) The ---------------------------------------- indemnification provisions of the articles of incorporation and bylaws of the Company as in effect at the Effective Time shall not be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who at or immediately prior to, the Effective Time were directors, officers, employees or agents of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Raceland Truck Plaza & Casino LLC)

Directors’ and Officers’ Indemnification. (a) The ---------------------------------------- indemnification provisions of the articles of incorporation and bylaws of the Company as in effect at the Effective Time shall not be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who at or immediately prior to, the Effective Time were directors, officers, employees or agents of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Colonial Downs Holdings Inc)

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