Common use of Indemnification and Insurance-Employees Clause in Contracts

Indemnification and Insurance-Employees. (a) The Certificate of Incorporation and Bylaws of Newco shall contain the provisions with respect to indemnification and limitation of liability for monetary damages set forth in the Certificate of Incorporation and Bylaws of VERITAS on the date of this Agreement, which provisions shall not be amended, repealed or otherwise modified for a period of ten years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who at the Effective Time were directors, officers, employees or agents of (i) the Contributed Companies or (ii) of SSI (A) to the extent involved in the Group Business and (B) provided they become Employees, officers or directors ("GROUP PERSONS"), unless such modification is required by law.

Indemnification and Insurance-Employees. (a) The Certificate of Incorporation and Bylaws of Newco shall contain the provisions with respect to indemnification and limitation of liability for monetary damages set forth in the Certificate of Incorporation and Bylaws of VERITAS on the date as of this AgreementOctober 5, 1998, which provisions shall not be amended, repealed or otherwise modified for a period of ten years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who at the Effective Time were directors, officers, employees or agents of (i) the Contributed Companies or (ii) of SSI (A) to the extent involved in the Group Business and (B) provided they become Employees, officers or directors of Newco ("GROUP PERSONS"), unless such modification is required by law.