Common use of Indemnification by Executive Clause in Contracts

Indemnification by Executive. Executive agrees to indemnify and hold harmless the Company, each director of the Company, each officer of the Company who shall have signed any registration statement covering Registrable Securities held by Executive, to the same extent as the foregoing indemnity from the Company to Executive in SECTION 4.10, but only with respect to statements or omissions, if any, made in any registration statement, preliminary prospectus, or final prospectus (as from time to time amended and supplemented), or any amendment or supplement thereto, or in any application, in reliance upon and in conformity with written information furnished to the Company with respect to Executive by or on behalf of Executive, for inclusion in any such registration statement, preliminary prospectus, or final prospectus, or any amendment or supplement thereto, or in any application, as the case may be. If any action shall be brought against the Company or any other person so indemnified based on any such registration statement, preliminary prospectus, or final prospectus or any amendment or supplement thereto, or in any application, and in respect of which indemnity may be sought against Executive pursuant to this SECTION 4.11, Executive shall have the rights and duties given to the Company, and the Company and each other person so indemnified shall have the rights and duties given to Executive, by the provisions of SECTION 4.10.