Indemnification and Advancement. Executive has a right to indemnification and advancement from and by the Company, to the extent in existence as of the date hereof pursuant to the Company’s bylaws, and such right to indemnification and advancement shall survive the termination of Executive’s employment in accordance with such bylaws and applicable law. By way of clarification, if a matter is eligible for indemnification pursuant to the bylaws, “advancement” includes the advancement to Executive of such sums as may be necessary to defend the matter, including reasonable retainer and attorneys’ fees, costs, and expenses, as they become due.
Appears in 5 contracts
Samples: Executive Employment Agreement (Bankrate, Inc.), Executive Employment Agreement (Bankrate, Inc.), Executive Employment Agreement (Bankrate, Inc.)
