Common use of Exceptions to Right of Indemnification Clause in Contracts

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to this Agreement, except as set forth in Section 9, (a) the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (i) the initiation thereof was approved by the Board of Directors of the Corporation or (ii) the Proceeding was commenced following a Change in Control; and (b) the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 8 contracts

Samples: Merger Agreement (Endurance International Group Holdings, Inc.), Merger Agreement (Constant Contact, Inc.), Indemnification Agreement (Starent Networks, Corp.)

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Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to in this Agreement, except as set forth in Section 9, (a) Paragraph 10, the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (i) the initiation thereof was approved by the Board of Directors of the Corporation Corporation; or (ii) the Proceeding was commenced following is instituted after a Change in Control; and (b) . Notwithstanding anything to the contrary in this Agreement, the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 5 contracts

Samples: Indemnification Agreement (Artemis Therapeutics, Inc.), Indemnification Agreement (Artemis Therapeutics, Inc.), Indemnification & Liability (Pluristem Therapeutics Inc)

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to in this Agreement, except as set forth in Section 9, (a) 10, the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (ia) the initiation thereof was approved by the Board of Directors of the Corporation or (iib) the Proceeding was commenced following a Change in Control; and (b) . Notwithstanding anything to the contrary in this Agreement, the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 5 contracts

Samples: Employment Agreement (Vonage Holdings Corp), Indemnification Agreement (Vonage Holdings Corp), Indemnification Agreement (Vonage Holdings Corp)

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to in this Agreement, except as set forth in Section 9, (a) 10, the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (ia) the initiation thereof was approved by the Board of Directors of the Corporation or (iib) the Proceeding was commenced following a Change in Control; and (b) . Notwithstanding anything to the contrary in this Agreement, the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 5 contracts

Samples: Indemnification Agreement (Ameresco, Inc.), Indemnification Agreement (Ameresco, Inc.), Indemnification Agreement (Ameresco, Inc.)

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to this Agreement, except as set forth in Section 9, (a) 10, the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (ia) the initiation thereof was approved by the Board of Directors of the Corporation or (iib) the Proceeding was commenced following a Change in Control; and (b) . Notwithstanding anything to the contrary in this Agreement, the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 3 contracts

Samples: Indemnification Agreement (Tetraphase Pharmaceuticals Inc), Indemnification Agreement (Tetraphase Pharmaceuticals Inc), Indemnification Agreement (Soundbite Communications Inc)

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to in this Agreement, : (a) except as set forth in Section 9, (a) 10, the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (i) the initiation thereof was approved by the Board of Directors of the Corporation or (ii) the Proceeding was commenced following a Change in ControlCorporation; and (b) the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed for such indemnification payments from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement; and (c) the Corporation shall not indemnify the Indemnitee hereunder to the extent that such indemnification is prohibited in the Corporation's certificate of incorporation.

Appears in 3 contracts

Samples: Indemnification Agreement (Safety Components International Inc), Indemnification Agreement (Safety Components International Inc), Indemnification Agreement (Safety Components International Inc)

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to this Agreement, except as set forth in Section 9, (a) 10, the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless unless (ia) the initiation thereof was approved by the Board of Directors of the Corporation or (iib) the Proceeding was commenced following a Change in Control; and (b) . Notwithstanding anything to the contrary in this Agreement, the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 2 contracts

Samples: Indemnification Agreement (Demandware Inc), Indemnification Agreement (Demandware Inc)

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to this Agreement, except as set forth in Section 9, (a) 10, the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (ia) the initiation thereof was approved by the Board of Directors of the Corporation or (iib) the Proceeding was commenced following a Change in Control; and (b) . Notwithstanding anything to the contrary in this Agreement, the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 2 contracts

Samples: Indemnification Agreement (Red Hat Inc), Indemnification Agreement (Red Hat Inc)

Exceptions to Right of Indemnification. Notwithstanding anything to -------------------------------------- the contrary to in this Agreement, except as set forth in Section 9, (a) Paragraph 10, the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (i) the initiation thereof was approved by the Board of Directors of the Corporation or (ii) Corporation. Notwithstanding anything to the Proceeding was commenced following a Change contrary in Control; and (b) this Agreement, the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 2 contracts

Samples: Director Indemnification Agreement (Engage Technologies Inc), Indemnification Agreement (Sycamore Networks Inc)

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to in this Agreement, except as set forth in Section 9, (a) Paragraph 10, the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (i) the initiation thereof was approved by the Board of Directors of the Corporation or (ii) Corporation. Notwithstanding anything to the Proceeding was commenced following a Change contrary in Control; and (b) this Agreement, the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insuranceinsurance or otherwise receives payment of any amounts indemnifiable hereunder under any contract, agreement or otherwise, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insuranceinsurance or otherwise receives payment of any amounts indemnifiable hereunder under any contract, agreement or otherwise, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursementreimbursement or other payments.

Appears in 2 contracts

Samples: Indemnification Agreement (Tier Technologies Inc), Indemnification Agreement (Tier Technologies Inc)

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to in this Agreement, except as set forth in Section 9,Paragraphs 9 and 10: (a) the Corporation shall not indemnify the indemnify, or advance Expenses to, Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (i) the initiation thereof was approved by the Board of Directors of the Corporation (the “Board of Directors”) or (ii) the Proceeding was commenced following is instituted after a Change in Control; and (b) the Corporation shall not indemnify the be required to make an indemnification payment to Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurancehas otherwise actually received such payment under any insurance policy, agreement or otherwise, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 1 contract

Samples: Indemnification Agreement (LTX-Credence Corp)

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Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to in this Agreement, except as set forth in Section Paragraphs 9,, 10 and 15(b): (a) the Corporation shall not indemnify the indemnify, or advance Expenses to, Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (i) the initiation thereof was approved by the Board of Directors of the Corporation or (ii) the Proceeding was commenced following is instituted after a Change in Control; and (b) the Corporation shall not indemnify the be required to make an indemnification payment to Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurancehas otherwise actually received such payment under any insurance policy, agreement or otherwise, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 1 contract

Samples: Indemnification Agreement (LTX-Credence Corp)

Exceptions to Right of Indemnification. (a) Notwithstanding anything to the contrary to in this Agreement, except as set forth in Section 9, (a) Paragraph 10, the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (i) the initiation thereof was approved by the Board of Directors of the Corporation or (ii) the Proceeding was commenced following a Change in Control; andCorporation. (b) Notwithstanding anything to the contrary in this Agreement, the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 1 contract

Samples: Indemnification Agreement (Bookham, Inc.)

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to this Agreement, except as set forth in Section 9,: (a) the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (i) the initiation thereof was approved by the Board of Directors of the Corporation or (ii) the Proceeding was commenced following a Change in Control; and (b) the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 1 contract

Samples: Indemnification Agreement (TransMedics, Inc.)

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to this Agreement, except as set forth in Section 9, (a) 10, the Corporation shall not indemnify indemnity the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (ia) the initiation thereof was approved by the Board of Directors of the Corporation or (iib) the Proceeding was commenced following a Change in Control; and (b) . Notwithstanding anything to the contrary in this Agreement, the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 1 contract

Samples: Indemnification Agreement (Tetraphase Pharmaceuticals Inc)

Exceptions to Right of Indemnification. Notwithstanding anything -------------------------------------- to the contrary to in this Agreement, except as set forth in Section 9, (a) Paragraph 10, the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (i) the initiation thereof was approved by the Board of Directors of the Corporation or (ii) Corporation. Notwithstanding anything to the Proceeding was commenced following a Change contrary in Control; and (b) this Agreement, the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement.

Appears in 1 contract

Samples: Indemnification Agreement (Proton Energy Systems Inc)

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to this Agreement, and except as set forth in Section 9, (a) the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (i) the initiation thereof was approved by the Board of Directors of the Corporation or (ii) the Proceeding was commenced following a Change in Control; and (b) the Corporation shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently actually reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement. Nothing herein shall obligate the Indemnitee to procure any insurance as a condition to indemnification and/or advancement of Expenses under this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (NitroSecurity, Inc.)

Exceptions to Right of Indemnification. Notwithstanding anything to the contrary to this Agreement, except as set forth in Section 9, (a) 10, the Corporation Company shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (ia) the initiation thereof was approved by the Board of Directors of the Corporation Company or (iib) the Proceeding was commenced following a Change in Control; and (b) . Notwithstanding anything to the Corporation contrary in this Agreement, the Company shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation Company makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Corporation Company to the extent of such insurance reimbursement.

Appears in 1 contract

Samples: Indemnification Agreement (Gomez Inc)

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