Common use of Indemnification and Insurance; Legal Expenses Clause in Contracts

Indemnification and Insurance; Legal Expenses. The Company shall indemnify the Executive to the fullest extent permitted by the laws of the State of Delaware, as in effect at the time of the subject act or omission, and shall advance to the Executive reasonable attorney’s fees and expenses as such fees and expenses are incurred (subject to an undertaking from the Executive to repay such advances if it shall be finally determined by a judicial decision which is not subject to further appeal that the Executive was not entitled to the reimbursement of such fees and expenses). The Company shall maintain a minimum of $2,000,000 in directors’ and officers’ liability insurance coverage which shall cover him against all costs, charges and expenses incurred or sustained by him in connection with any action, suit or proceeding to which he may be made a party by reason of his being or having been a director, officer or employee of the Company or any of its subsidiaries or his serving or having served any other enterprise as a director, officer or employee at the request of the Company (other than any dispute, claim or controversy arising under or relating to this Agreement).

Appears in 2 contracts

Samples: Employment Agreement (Senetek PLC /Eng/), Employment Agreement (Senetek PLC /Eng/)

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Indemnification and Insurance; Legal Expenses. The Company and Denny's shall indemnify the Executive to the fullest extent permitted by the laws of the State of DelawareDelaware and the State of California, respectively, as in effect at the time of the subject act or omission, and shall advance to the Executive reasonable attorney’s 's fees and expenses as such fees and expenses are incurred (subject to an undertaking from the Executive to repay such advances if it shall be finally determined that by a judicial decision which is not subject to further appeal that the Executive was not entitled to the reimbursement of such fees and expenses). The ) and he will be entitled to the protection of any insurance policies the Company shall may elect to maintain a minimum generally for the benefit of $2,000,000 in directors’ its directors and officers’ liability insurance coverage which shall cover him officers against all costs, charges and expenses incurred or sustained by him in connection with any action, suit or proceeding to which he may be made a party by reason of his being or having been a director, officer or employee of the Company Company, Denny's or any of its the Company's other subsidiaries or his serving or having served any other enterprise as a director, officer or employee at the request of the Company (other than any dispute, claim or controversy arising under or relating to this Agreement).

Appears in 2 contracts

Samples: Employment Agreement (Dennys Corp), Employment Agreement (Dennys Corp)

Indemnification and Insurance; Legal Expenses. The Company shall indemnify the Executive to the fullest extent permitted by the laws of the State of Delaware, as in effect at the time of the subject act or omission, and shall advance to the Executive reasonable attorney’s attorneys' fees and expenses as such fees and expenses are incurred (subject to an undertaking from the Executive to repay such advances if it shall be finally determined by a judicial decision which is not subject to further appeal that the Executive was not entitled to the reimbursement of such fees and expenses). The , and the Executive will be entitled to the protection of any insurance policies that the Company shall may elect to maintain a minimum generally for the benefit of $2,000,000 in directors’ its directors and officers’ liability insurance coverage which shall cover him officers ("Directors and Officers Insurance") against all costs, charges and expenses incurred or sustained by him in connection with any action, suit or proceeding to which he may be made a party by reason of his being or having been a director, officer or employee of the Company or any of its subsidiaries subsidiaries, or his serving or having served any other enterprise as a director, officer or employee at the request of the Company (other than any dispute, claim or controversy arising under or relating to this Agreement).. The

Appears in 2 contracts

Samples: Employment Agreement (Chancellor Media Corp/), Employment Agreement (Chancellor Media Corp/)

Indemnification and Insurance; Legal Expenses. The Company shall indemnify the Executive to the fullest extent permitted by the laws of the State of Delaware, as in effect at the time of the subject act or omission, and shall advance to the Executive reasonable attorney’s 's fees and expenses as such fees and expenses are incurred (subject to an undertaking from the Executive to repay such advances if it shall be finally determined deter mined that by a judicial decision which is not subject to further appeal that the Executive was not entitled to the reimbursement of such fees and expenses). The ) and he will be entitled to the protection of any insurance policies the Company shall may elect to maintain a minimum generally for the benefit of $2,000,000 in directors’ its directors and officers’ liability insurance coverage which shall cover him officers against all costs, charges and expenses incurred or sustained by him in connection connec- tion with any action, suit or proceeding to which he may be made a party by reason of his being or having been a director, officer or employee of the Company or any of its subsidiaries or his serving or having served any other enterprise as a director, officer or employee at the request of the Company (other than any dispute, claim or controversy arising under or relating to this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Advantica Restaurant Group Inc)

Indemnification and Insurance; Legal Expenses. The Company shall indemnify the Executive to the fullest extent permitted by the laws of the State of Delaware, as in effect at the time of the subject act or omission, and shall advance to the Executive reasonable attorney’s 's fees and expenses as such fees and expenses are incurred (subject to an undertaking from the Executive to repay such advances if it shall be finally determined that by a judicial decision which is not subject to further appeal that the Executive was not entitled to the reimbursement of such fees and expenses). The ) and he will be entitled to the protection of any insurance policies the Company shall may elect to maintain a minimum generally for the benefit of $2,000,000 in directors’ its directors and officers’ liability insurance coverage which shall cover him officers against all costs, charges and expenses incurred or sustained by him in connection with any action, suit or proceeding to which he may be made a party by reason of his being or having been a director, officer or employee of the Company or any of its subsidiaries or his serving or having served any other enterprise as a director, officer or employee at the request of the Company (other than any dispute, claim or controversy arising under or relating to this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Advantica Restaurant Group Inc)

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Indemnification and Insurance; Legal Expenses. The Company shall indemnify the Executive to the fullest extent permitted by the laws of the State of Delaware, as in effect at the time of the subject act or omission, and shall advance to the Executive reasonable attorney’s 's fees and expenses as such fees and expenses are incurred (subject to an undertaking from the Executive to repay such advances if it shall be finally determined by a judicial decision which is not subject to further appeal that the Executive was not entitled to the reimbursement of such fees and expenses). The ) and he will be entitled to the protection of any insurance policies the Company shall may elect to maintain a minimum generally for the benefit of $2,000,000 in directors’ its directors and officers’ liability insurance coverage which shall cover him officers ("Directors and Officers Insurance") against all costs, charges and expenses incurred or sustained by him in connection with any action, suit or proceeding to which he may be made a party by reason of his being or having been a director, officer or employee of the Company or any of its subsidiaries or his serving or having served any other enterprise as a director, officer or employee at the request of the Company (other than any dispute, claim or controversy arising under or relating to this Agreement).. The Company covenants to maintain during the Employment Term for the benefit of the Executive (in his capacity as an officer and director of the Company) Directors and Officers Insurance providing benefits to the Executive no less favorable, taken as a whole, than the benefits provided to the Executive by the Directors and

Appears in 1 contract

Samples: Employment Agreement (Klol License LTD Partnership)

Indemnification and Insurance; Legal Expenses. The Company shall indemnify the Executive to the fullest extent permitted by the laws of the State of Delaware, as in effect at the time of the subject act or omission, and shall advance to the Executive reasonable attorney’s 's fees and expenses as such fees and expenses are incurred (subject to an undertaking from the Executive to repay such advances if it shall be finally determined that by a judicial decision which is not subject to further appeal that the Executive was not entitled to the reimbursement of such fees and expenses). The ) and he will be entitled to the protection of any insurance policies the Company shall may elect to maintain a minimum generally for the benefit of $2,000,000 in directors’ its directors and officers’ liability insurance coverage which shall cover him officers against all costs, charges and expenses incurred or sustained by him in connection with any action, suit or proceeding to which he may be made a party by reason of his being or having been a director, officer or employee of the Company or any of its subsidiaries or his serving or having served any other enterprise as a director, officer or employee at the request of the Company (other than any dispute, claim or controversy arising under or relating to this Agreement). 12.

Appears in 1 contract

Samples: Employment Agreement (Advantica Restaurant Group Inc)

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