Common use of Elimination of Certain Liability of Directors Clause in Contracts

Elimination of Certain Liability of Directors. The personal liability of the directors of the Corporation shall be eliminated to the fullest extent permitted by applicable law. No amendment, modification or repeal of this Article, adoption of any provision in this Certificate of Incorporation, or change in the law or interpretation of the law shall adversely affect any right or protection of a director or officer of the Corporation under this Article 8 with respect to any act or omission that occurred prior to the time of such amendment, modification, repeal, adoption or change.

Appears in 2 contracts

Samples: Merger Agreement (Jetblue Airways Corp), Merger Agreement (Jetblue Airways Corp)

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Elimination of Certain Liability of Directors. The personal liability of the directors of the Corporation shall be eliminated to the fullest extent permitted by applicable law. No amendment, modification or repeal of this Article, adoption of any provision in this Certificate of Incorporation, or change in the law or interpretation of the law shall adversely affect any right or protection of a director or officer of the Corporation under this Article 8 VIII with respect to any act or omission that occurred prior to the time of such amendment, modification, repeal, adoption or change.

Appears in 2 contracts

Samples: Stock Purchase Agreement (CAI International, Inc.), Stock Purchase Agreement (CAI International, Inc.)

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