Common use of ENFORCEMENT AND BINDING EFFECT Clause in Contracts

ENFORCEMENT AND BINDING EFFECT. (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director, manager or officer of the Company or an Enterprise, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director, manager or officer of the Company or an Enterprise. (b) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. (c) The indemnification and advancement of expenses provided by or granted pursuant to this Agreement shall apply to Indemnitee’s service as an officer, director, manager or key employee of the Company or an Enterprise prior to the date of this Agreement. (d) The indemnification and advancement of expenses provided by or granted pursuant to this Agreement shall continue as to a person who has ceased to be a director, manager, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person. (e) This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs, and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation, or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 4 contracts

Samples: Executive Employment Agreement (Topper Alexa), Indemnification Agreement (Prospect Medical Holdings Inc), Executive Employment Agreement (Lee Samuel Sang-Bum)

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ENFORCEMENT AND BINDING EFFECT. (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director, manager director or officer of the Company or an EnterpriseCompany, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director, manager director or officer of the Company or an EnterpriseCompany. (b) This Without limiting any of the rights of Indemnitee under any Other Indemnity Provisions as they may be amended from time to time, this Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. (c) The indemnification and advancement of expenses provided by or granted pursuant to this Agreement shall apply to Indemnitee’s service as an officer, director, manager or key employee of the Company or an Enterprise prior to the date of this Agreement. (d) The indemnification and advancement of expenses provided by or granted pursuant to this Agreement shall continue as to a person who has ceased to be a director, manager, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person. (e) This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation, consolidation or otherwise to all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs, heirs and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation, consolidation or otherwise) to all, substantially all, all or a substantial part, part of the business and/or assets of the Company, by written agreement in form and substance substances satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 3 contracts

Samples: Indemnification Agreement (First Foundation Inc.), Indemnification Agreement (Appfolio Inc), Indemnification Agreement (Tandem Diabetes Care Inc)

ENFORCEMENT AND BINDING EFFECT. (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director, manager officer or officer key employee of the Company or an Enterprise, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director, manager officer or officer key employee of the Company. The Company or an Enterpriserepresents that this Agreement has been approved by the Company’s Board. (b) This Without limiting any of the rights of Indemnitee under the Charter or Bylaws as they may be amended from time to time, this Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. (c) The indemnification and advancement of expenses provided by by, or granted pursuant to this Agreement shall apply to Indemnitee’s service as an officer, director, manager or key employee of the Company or an Enterprise prior to the date of this Agreement. (d) The indemnification and advancement of expenses provided by or granted pursuant to this Agreement shall continue as to a person who has ceased to be a director, manager, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person. (e) This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns (including any direct or indirect successor by purchase, merger, consolidation, Change of Control or otherwise to all or substantially all of the business and/or or assets of the Company), shall continue as to an Indemnitee who has ceased to be a director, officer, employee or agent of the Company or of any other Enterprise at the Company’s request, and shall inure to the benefit of Xxxxxxxxxx and his or her spouse, assigns, spouses, heirs, devisees, executors and personal administrators and other legal representatives. . (d) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation, Change of Control or otherwise) to all, substantially all, all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory Company to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. (e) The Company and Indemnitee agree herein that a monetary remedy for breach of this Agreement, at some later date, may be inadequate, impracticable and difficult of proof, and further agree that such breach may cause Indemnitee irreparable harm. Accordingly, the parties hereto agree that Indemnitee may enforce this Agreement by seeking injunctive relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive relief and/or specific performance, Indemnitee shall not be precluded from seeking or obtaining any other relief to which he may be entitled. The Company and Indemnitee further agree that Indemnitee shall be entitled to such specific performance and injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of posting bonds or other undertaking in connection therewith. The Company acknowledges that in the absence of a waiver, a bond or undertaking may be required of Indemnitee by the Court, and the Company hereby waives any such requirement of such a bond or undertaking.

Appears in 2 contracts

Samples: Indemnification Agreement (Proficient Auto Logistics, Inc), Indemnification Agreement (Fortegra Group, Inc)

ENFORCEMENT AND BINDING EFFECT. (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve and/or continue to serve as a director, manager officer, employee or officer agent of the Company or an EnterpriseCompany, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving and/or continuing to serve as a director, manager officer, employee or officer agent of the Company or an EnterpriseCompany. (b) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to and in furtherance of the [Articles][Certificate] of Incorporation, the Bylaws, any resolution of the Board providing for indemnification, any directors and officers insurance policy maintained by the Company and applicable law, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder. (c) The indemnification rights to be indemnified and to receive contribution and advancement of expenses Expenses provided by or granted Indemnitee pursuant to this Agreement shall apply to Proceedings arising from Indemnitee’s service as an officer, director, manager employee or key employee agent of the Company or an as a director, officer, trustee, general partner, managing member, fiduciary, employee or agent of another Enterprise prior to the date of this Agreementhereof. (d) The indemnification and Company shall not seek from a court, or agree to, a “bar order” which would have the effect of prohibiting or limiting the Indemnitee's rights to receive advancement of expenses provided by or granted pursuant to under this Agreement shall continue as to a person who has ceased to be a director, manager, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a personAgreement. (e) This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs, and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation, or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 2 contracts

Samples: Indemnification Agreement (Lbi Media Holdings Inc), Indemnification Agreement (Lbi Media Holdings Inc)

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ENFORCEMENT AND BINDING EFFECT. (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve (or to continue to serve) as a director, manager director or officer of the Company or an EnterpriseCompany, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director, manager director or officer of the Company or an EnterpriseCompany. (b) This Without limiting any of the rights of Indemnitee under any Other Indemnity Provisions as they may be amended from time to time, this Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that if Indemnitee was party to an Indemnity Agreement with the Company’s California predecessor, then both this Agreement and such Indemnity Agreement shall continue to apply, with any direct inconsistency between the two resolved by giving Indemnitee “the better of both worlds” to the extent consistent with applicable law. (c) The indemnification and advancement of expenses provided by or granted pursuant to this Agreement shall apply to Indemnitee’s service as an officer, director, manager or key employee of the Company or an Enterprise prior to the date of this Agreement. (d) The indemnification and advancement of expenses provided by or granted pursuant to this Agreement shall continue as to a person who has ceased to be a director, manager, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person. (e) This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation, consolidation or otherwise to all or substantially all of the business and/or assets of the Company), assigns, spouses, heirsadministrators, executors, legatees, heirs and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation, consolidation or otherwise) to all, substantially all or (if deemed to be less than substantially all, or ) a substantial part, majority of the business and/or assets of the Company, by written agreement in form and substance substances satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 1 contract

Samples: Indemnification Agreement (Biocept Inc)

ENFORCEMENT AND BINDING EFFECT. (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director, manager officer or officer key employee of the Company or an Enterpriseone or more other Enterprises, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director, manager officer or key employee of the Company or any other such Enterprise. (b) This Agreement shall apply with respect to Indemnitee’s service as a director or officer of the Company or an any other Enterprise, and any predecessor entity to the Company or any other Enterprise, prior to the date of this Agreement. (bc) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. (c) The indemnification and advancement of expenses provided by or granted pursuant to ; provided, however, that this Agreement shall apply is a supplement to Indemnitee’s service as an officer, director, manager or key employee and in furtherance of the Charter and Bylaws of the Company, any D&O Insurance policy maintained by the Company and applicable law, and shall not be deemed a substitute therefor, nor to diminish or an Enterprise prior to the date abrogate any rights of this AgreementIndemnitee thereunder. (d) The indemnification and advancement of expenses provided by or granted pursuant to this Agreement shall continue as to a person who has ceased to be a director, manager, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person. (e) This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns (including any direct or indirect successor by purchase, merger, consolidation, consolidation or otherwise to all or substantially all of the business and/or or assets of the Company), shall continue as to an Indemnitee who has ceased to be a director, officer, employee or agent of the Company or of any other Enterprise at the Company’s request, and shall inure to the benefit of Indemnitee and his or her spouse, assigns, spouses, heirs, devisees, executors and personal administrators and other legal representatives. . (e) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation, consolidation or otherwise) to all, substantially all, all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. (f) The Company and Indemnitee agree herein that a monetary remedy for breach of this Agreement, at some later date, may be inadequate, impracticable and difficult to prove, and further agree that such breach may cause Indemnitee irreparable harm. Accordingly, the parties hereto agree that Indemnitee may enforce this Agreement by seeking injunctive relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive relief and/or specific performance, Indemnitee shall not be precluded from seeking or obtaining any other relief to which he may be entitled. The Company and Indemnitee further agree that Indemnitee shall be entitled to such specific performance and injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of posting bonds or other undertaking in connection therewith. The Company acknowledges that in the absence of a waiver, a bond or undertaking may be required of Indemnitee by the Court, and the Company hereby waives any such requirement of such a bond or undertaking.

Appears in 1 contract

Samples: Indemnity Agreement (Volcom Inc)

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