Common use of Grant of Indemnity Clause in Contracts

Grant of Indemnity. The Corporation shall indemnify and hold harmless the Indemnitee in respect of: 1. any and all Liabilities that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with prosecuting, defending, settling or investigating any Proceeding in which the Indemnitee may be or may have been involved as a party or otherwise, arising out of the fact that the Indemnitee is or was an Associate of the Corporation or any of its Affiliates, or served as an Associate in or for any Person at the request of the Corporation (including without limitation service as a trustee or in any fiduciary or similar capacity for or in connection with any employee benefit plan maintained by the Corporation or for the benefit of any of the employees of the Corporation or any of its Affiliates, or service on any trade association, civic, religious, educational or charitable boards or committees); 2. any and all Liabilities that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with any attempt (regardless of its success) by any Person to charge or cause the Indemnitee to be charged with wrongdoing or with financial responsibility for damages arising out of or incurred in connection with the matters indemnified against in this Agreement; and 1. 3. any and all Expenses that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with any matter referred to in the preceding two paragraphs.

Appears in 3 contracts

Samples: Indemnification Agreement (Echelon International Corp), Indemnification Agreement (Echelon International Corp), Indemnification Agreement (Echelon International Corp)

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Grant of Indemnity. The Corporation shall indemnify and hold harmless the Indemnitee in respect of: 1. any and all Liabilities that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with prosecuting, defending, settling or investigating any Proceeding in which the Indemnitee may be or may have been involved as a party or otherwise, arising out of the fact that the Indemnitee is or was an Associate of the Corporation or any of its Affiliates, or served as an Associate in or for any Person at the request of the Corporation (including without limitation service as a trustee or in any fiduciary or similar capacity for or in connection with any employee benefit plan maintained by the Corporation or for the benefit of any of the employees of the Corporation or any of its Affiliates, or service on any trade association, civic, religious, educational or charitable boards or committees); 2. any and all Liabilities that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with any attempt (regardless of its success) by any Person to charge or cause the Indemnitee to be charged with wrongdoing or with financial responsibility for damages arising out of or incurred in connection with the matters indemnified against in this Agreement; and 1.and 3. any and all Expenses that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with any matter referred to in the preceding two paragraphs.

Appears in 3 contracts

Samples: Indemnification Agreement (JLM Industries Inc), Indemnification Agreement (Echelon International Corp), Indemnification Agreement (Echelon International Corp)

Grant of Indemnity. The Corporation shall indemnify and hold harmless the Indemnitee in respect of: 1. a. any and all Liabilities that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with prosecuting, defending, settling or investigating any Proceeding in which the Indemnitee may be or may have been involved as a party or otherwise, arising out of the fact that the Indemnitee is or was an Associate of the Corporation or any of its Affiliates, or served as an Associate in or for any Person at the request of the Corporation (including without limitation service as a trustee or in any fiduciary or similar capacity for or in connection with any employee benefit plan maintained by the Corporation or for the benefit of any of the employees of the Corporation or any of its Affiliates, or service on any trade association, civic, religious, educational or charitable boards or committees); 2. b. any and all Liabilities that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with any attempt (regardless of its success) by any Person to charge or cause the Indemnitee to be charged with wrongdoing or with financial INDEMNIFICATION AGREEMENT PAGE 4 ------------------------------------------------------------------------------- responsibility for damages arising out of or incurred in connection with the matters indemnified against in this Agreement; and 1.and 3. c. any and all Expenses that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with any matter referred to in the preceding two paragraphs.

Appears in 1 contract

Samples: Indemnification Agreement (Lamalie Associates Inc)

Grant of Indemnity. The Corporation shall indemnify and hold harmless the Indemnitee in respect of: 1. any and all Liabilities that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with prosecuting, defending, settling or investigating any Proceeding in which the Indemnitee may be or may have been involved as a party or otherwise, arising out of the fact that the Indemnitee is or was an Associate of the Corporation or any of its Affiliates, or served as an Associate in or for any Person at the request of the Corporation (including without limitation service as a trustee or in any fiduciary or similar capacity for or in connection with any employee benefit plan maintained by the Corporation or for the benefit of any of the employees of the Corporation or any of its Affiliates, or service on any trade association, civic, religious, educational or charitable boards or committees); 2. any and all Liabilities that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with any attempt (regardless of its success) by any Person to charge or cause the Indemnitee to be charged with wrongdoing or with financial responsibility for damages arising out of or incurred in connection with the matters indemnified against in this Agreement; and 1.INDEMNIFICATION AGREEMENT PAGE 4 -------------------------------------------------------------------------------- 3. any and all Expenses that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with any matter referred to in the preceding two paragraphs.

Appears in 1 contract

Samples: Indemnification Agreement (Echelon International Corp)

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Grant of Indemnity. The Corporation shall indemnify and hold harmless the Indemnitee in respect of: 1. a. any and all Liabilities that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with prosecuting, defending, settling or investigating any Proceeding in which the Indemnitee may be or may have been involved as a party or otherwise, arising out of the fact that the Indemnitee is or was an Associate of the Corporation or any of its Affiliates, or served as an Associate in or for any Person at the request of the Corporation (including without limitation service as a trustee or in any fiduciary or similar capacity for or in connection with any employee benefit plan maintained by the Corporation or for the benefit of any of the employees of the Corporation or any of its Affiliates, or service on any trade association, civic, religious, educational or charitable boards or committees); 2. b. any and all Liabilities that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with any attempt (regardless of its success) by any Person to charge or cause the Indemnitee to be charged with wrongdoing or with financial responsibility for damages arising out of or incurred in connection with the matters indemnified against in this Agreement; and 1.and 3. c. any and all Expenses that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with any matter referred to in the preceding two paragraphs.. INDEMNIFICATION AGREEMENT PAGE 4 --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Indemnification Agreement (JLM Industries Inc)

Grant of Indemnity. The Corporation shall indemnify and hold harmless the Indemnitee in respect of: 1. a. any and all Liabilities that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with prosecuting, defending, settling or investigating any Proceeding in which the Indemnitee may be or may have been involved as a party or otherwise, arising out of the fact that the Indemnitee is or was an Associate of the Corporation or any of its Affiliates, or served as an Associate in or for any Person at the request of the Corporation (including without limitation service as a trustee or in any fiduciary or similar capacity for or in connection with any employee benefit plan maintained by the Corporation or for the benefit of any of the employees of the Corporation or any of its Affiliates, or service on any trade association, civic, religious, educational or charitable boards or committees); 2. b. any and all Liabilities that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with any attempt (regardless of its success) by any Person to charge or cause the Indemnitee to be charged with wrongdoing or with financial responsibility for damages arising out of or incurred in connection with the matters indemnified against in this Agreement; and 1.and 3. c. any and all Expenses that may be incurred or suffered by the Indemnitee as a result of or arising out of or in connection with any matter referred to in the preceding two paragraphs.. 4

Appears in 1 contract

Samples: Indemnification Agreement (Lamalie Associates Inc)

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