Common use of Directors’ Independence Clause in Contracts

Directors’ Independence. (a) The Directors shall not, during their service, hold a financial interest in, act as attorney or agent for, or serve as any other professional for Walmart or a defendant in MDL No. 2804, their affiliated persons, or any Released Entities. No Director shall act as an attorney for any Tribe in a matter that (i) directly or indirectly relates to claims arising from the use of opioids by any person, or (ii) is directly adverse to the claims of another Tribe. For the avoidance of doubt, this provision shall not apply to the Delaware Trustee.

Directors’ Independence. (a) The Directors shall not, during their service, hold a financial interest in, act as attorney or agent for, or serve as any other professional for Walmart Walgreens or a defendant in MDL No. 2804, their affiliated persons, or any Released Entities. No Director shall act as an attorney for any Tribe in a matter that (i) directly or indirectly relates to claims arising from the use of opioids by any person, or (ii) is directly adverse to the claims of another Tribe. For the avoidance of doubt, this provision shall not apply to the Delaware Trustee.

Directors’ Independence. (a) The Directors shall not, during their service, hold a financial interest in, act as attorney or agent for, or serve as any other professional for Walmart Xxxxxxx or a defendant in MDL No. 2804, their affiliated persons, or any Released Entities. No Director shall act as an attorney for any Tribe in a matter that (i) directly or indirectly relates to claims arising from the use of opioids by any person, or (ii) is directly adverse to the claims of another Tribe. For the avoidance of doubt, this provision shall not apply to the Delaware Trustee.

Directors’ Independence. (a) The Directors shall not, during their service, hold a financial interest in, act as attorney or agent for, or serve as any other professional for Walmart Teva or a defendant in MDL No. 2804, their affiliated persons, or any Released Entities. No Director shall act as an attorney for any Tribe in a matter that (i) directly or indirectly relates to claims arising from the use of opioids by any person, or (ii) is directly adverse to the claims of another Tribe. For the avoidance of doubt, this provision shall not apply to the Delaware Trustee.

Directors’ Independence. (a) The Directors shall not, during their service, hold a financial interest in, act as attorney or agent for, or serve as any other professional for Walmart Allergan or a defendant in MDL No. 2804, their affiliated persons, or any Released Entities. No Director shall act as an attorney for any Tribe in a matter that (i) directly or indirectly relates to claims arising from the use of opioids by any person, or (ii) is directly adverse to the claims of another Tribe. For the avoidance of doubt, this provision shall not apply to the Delaware Trustee.