Common use of Duration and Scope of Agreement; Binding Effect Clause in Contracts

Duration and Scope of Agreement; Binding Effect. This Agreement shall continue so long as Officer shall be subject to any possible Proceeding by reason of the fact that he is or was an Agent and shall be applicable to Proceedings commenced or continued after execution of this Agreement, whether arising from acts or omissions occurring before or after such execution. This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Officer and his spouse, assigns, heirs, devisees, executors, administrators and other legal representatives.

Duration and Scope of Agreement; Binding Effect. This Agreement shall continue so long as Officer Director shall be subject to any possible Proceeding by reason of the fact that he is or was an Agent and shall be applicable to Proceedings commenced or continued after execution of this Agreement, whether arising from acts or omissions occurring before or after such execution. This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Officer Director and his spouse, assigns, heirs, devisees, executors, administrators and other legal representatives.