Common use of Form of Indemnification Clause in Contracts

Form of Indemnification. Indemnification by Seller to Buyer shall, at Seller's option, be effected in ICN Shares, valued at the Guaranteed Price as of the Guaranty Date next preceding such indemnification plus pro rata 6% p.a., and/or cash. To effect any such payment, Seller shall surrender to ICN one or more certificates representing such number of shares of Common Stock and/or, at Seller's option, Preferred Stock as shall represent the aggregate value of the amount of any such indemnification payment and ICN shall promptly thereupon issue to Seller new certificates representing such number of shares of Common Stock and/or Preferred Stock retained by Seller.

Form of Indemnification. Indemnification by Seller to Buyer shall, at Seller's option, be effected in ICN Shares, valued at the Guaranteed Price as of the Guaranty Date next preceding such indemnification plus pro rata 6% p.a., and/or cash. To effect any such paymentpayment in ICN Shares, Seller shall surrender to ICN one or more certificates representing such number of shares of Original Common Stock and/or, at Seller's option, Preferred Stock as shall represent the aggregate value of the amount of any such indemnification payment and ICN shall promptly thereupon issue to Seller new certificates representing such number of shares of Common Stock and/or Preferred Stock retained by Seller.