Common use of Excluded Acts and Omissions Clause in Contracts

Excluded Acts and Omissions. To indemnify, insure or exculpate Indemnitee from or against any liability arising out of (i) Indemnitee's breach of fiduciary duty to the Company, unless Indemnitee has acted or omitted to act in good faith and had reasonable ground to believe such action will not harm the Company's interests, (ii) intentional or reckless breach by Indemnitee of his or her duty of care to the Company, or (iii) an action taken with the intention to unduly profit therefrom and (iv) any fine or penalty payment to propitiate an offense.

Appears in 2 contracts

Samples: Indemnification Agreement (Given Imaging LTD), Indemnification Agreement (Given Imaging LTD)

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Excluded Acts and Omissions. To indemnify, insure or exculpate exempt Indemnitee from or against any liability arising out of (i) Indemnitee's breach of fiduciary duty to the Company, unless Indemnitee has acted or omitted to act in good faith and had reasonable ground to believe such action will not harm the Company's interests, (ii) intentional or reckless breach by Indemnitee of his or her duty of care to the Company, or (iii) an action taken with the intention to unduly profit therefrom there from and (iv) any fine or penalty payment to propitiate an offense.

Appears in 2 contracts

Samples: Indemnification Agreement (Inrob LTD), Indemnification Agreement (Inrob LTD)

Excluded Acts and Omissions. To indemnify, insure indemnify or exculpate exempt Indemnitee from or against any liability arising out of (i) Indemnitee's breach of fiduciary duty to the Company, unless Indemnitee has acted or omitted to act in good faith and had reasonable ground grounds to believe such action will would not harm the Company's interests, (ii) intentional or reckless breach by Indemnitee of his or her duty of care to the Company, or ; (iii) an action taken with the intention to unduly profit therefrom and therefrom; or (iv) any fine or penalty payment to propitiate an offense.. or

Appears in 2 contracts

Samples: Indemnification Agreement (Alvarion LTD), Indemnification Agreement (Alvarion LTD)

Excluded Acts and Omissions. To indemnify, insure or exculpate exempt Indemnitee from or against any liability arising out of (i) Indemnitee's breach of fiduciary duty to the Company, unless Indemnitee has acted or omitted to act in good faith and had reasonable ground to believe such action will not harm the Company's interests, (ii) intentional or reckless breach by Indemnitee of his or her duty of care to the Company, or (iii) an action taken with the intention to unduly profit therefrom and (iv) any fine or penalty payment to propitiate an offense.

Appears in 1 contract

Samples: Indemnification Agreement (Lumenis LTD)

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Excluded Acts and Omissions. To indemnify, insure indemnify or exculpate exempt Indemnitee from or against any liability arising out of (i) Indemnitee's breach of fiduciary duty to the Company, unless Indemnitee has acted or omitted to act in good faith and had reasonable ground to believe such action will not harm the Company's interests, (ii) intentional or reckless breach by Indemnitee of his or her duty of care to the Company, or (iii) an action taken with the intention to unduly profit therefrom and (iv) any fine or penalty payment to propitiate an offense.. or

Appears in 1 contract

Samples: Indemnification Agreement (Radview Software LTD)

Excluded Acts and Omissions. To indemnify, insure indemnify or exculpate exempt Indemnitee from or against any liability arising out of (i) Indemnitee's breach of fiduciary duty to the Company, unless Indemnitee has acted or omitted to act in good faith and had reasonable ground to believe such action will would not harm the Company's interests, (ii) intentional or reckless breach by Indemnitee of his or her duty of care to the Company, or ; (iii) an action taken with the intention to unduly profit therefrom and therefrom; or (iv) any fine or penalty payment to propitiate an offense.; or

Appears in 1 contract

Samples: Indemnification Agreement (Radview Software LTD)

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