Common use of Directors’ Liability and Indemnification Clause in Contracts

Directors’ Liability and Indemnification. The Company’s and each of its subsidiaries’ bye-laws and other organizational documents shall provide (a) for elimination of the liability of directors to the maximum extent permitted by law and (b) for indemnification of directors for acts on behalf of the Company and its subsidiaries to the maximum extent permitted by law.

Directors’ Liability and Indemnification. The Company’s and each of its subsidiaries’ bye-laws certificate of incorporation, bylaws, articles of association and other organizational documents shall provide (a) for elimination of the liability of directors to the maximum extent permitted by law and (b) for indemnification of directors for acts on behalf of the Company and its subsidiaries to the maximum extent permitted by law.

Directors’ Liability and Indemnification. The Company’s and each of its subsidiaries’ bye-laws certificate of incorporation, bylaws, articles of association and other organizational documents shall provide (ai) for elimination of the liability of directors to the maximum extent permitted by law and (bii) for indemnification of directors for acts on behalf of the Company and its subsidiaries to the maximum extent permitted by law.