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of the articles of incorporation and bylaws of the Company as in effect at the Effective Time shall not be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who at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: Merger Agreement (Mirage Resorts Inc), Merger Agreement (Cd Entertainment LTD), Merger Agreement (Diversified Opportunities Group LTD)

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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of the articles of incorporation and bylaws of the Company as in effect at the Effective Time shall not be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who at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: Merger Agreement (MGM Grand Inc), Merger Agreement (Black Hawk Gaming & Development Co Inc), Merger Agreement (Raceland Truck Plaza & Casino LLC)

Directors’ and Officers’ Indemnification. (a) The indemnification provisions of the articles Articles of incorporation and bylaws Incorporation of the Company Surviving Corporation as in effect at the Effective Time shall not be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who at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 CompanyAWS, unless such modification is required by law.

Appears in 1 contract

Samples: Merger Agreement (American Waste Services 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of the articles of incorporation and bylaws of the Company as in effect at the Effective Time shall not be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who at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 1 contract

Samples: Merger Agreement (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: Merger Agreement (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: Merger Agreement (Colonial Downs Holdings 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 or immediately prior to, the Effective Time were directors, officers, employees or agents of the Company.

Appears in 1 contract

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

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