Common use of Exception to Right of Indemnification Clause in Contracts

Exception to Right of Indemnification. Notwithstanding any other provision of this Agreement, a Director shall not be entitled to indemnification under this Agreement with respect to any Proceeding brought by him, or any claim therein, unless (a) the bringing of such Proceeding or making of such claim shall have been approved by the Board of Directors or (b) such Proceeding is being brought by such Director to assert his rights under this Agreement.

Exception to Right of Indemnification. Notwithstanding any other provision of this Agreement, a Director shall not be entitled to indemnification under this Agreement with respect to any Proceeding brought by himhim against the Company, either in his own right or in the right of the Company, or any claim thereinin such Proceeding, unless (a) the bringing of such Proceeding or making of such claim shall have been approved unanimously by the Board of Directors or (b) such Proceeding is being brought by such Director to assert his rights under this Agreement.

Exception to Right of Indemnification. Notwithstanding any other provision of this Agreement, a the Director shall not be entitled to indemnification under this Agreement with respect to any Proceeding brought by him, or any claim therein, unless (a) the bringing of such Proceeding or making of such claim shall have been approved by the Board of Directors or (b) such Proceeding is being brought by such the Director to assert his rights under this Agreement.