Common use of Employee's Indemnity Clause in Contracts

Employee's Indemnity. Employee shall be entitled to the benefits of the indemnity provided by Company's articles of incorporation, bylaws or otherwise immediately prior to the Change in Control, and any subsequent changes to the articles of incorporation, bylaws, or otherwise reducing the indemnity granted to officers shall not affect the rights granted hereunder. Company may not reduce these indemnity benefits confirmed to Employee hereunder without the written consent of Employee.

Appears in 3 contracts

Samples: Employment Agreement (Integrity Inc), Key Employee Change in Control Agreement (Integrity Inc), Key Employee Change in Control Agreement (Integrity Inc)

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Employee's Indemnity. Employee shall will be entitled to the benefits of the indemnity provided by the Company's articles of incorporationcharter, bylaws or otherwise immediately prior to the Change in Control or Potential Change in Control, and any subsequent changes to the articles of incorporationcharter, bylaws, or otherwise other indemnity provisions reducing the indemnity granted to officers shall will not affect the rights granted hereunder. The Company may not reduce these indemnity benefits confirmed to Employee hereunder without the prior written consent of Employee.

Appears in 1 contract

Samples: Key Employee Change in Control Agreement (First American Corp /Tn/)

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