Common use of Indemnification for Other Expenses Clause in Contracts

Indemnification for Other Expenses. In addition to the Indemnity provided in Section 2, above, the Company will indemnify Indemnitee against all Expenses (as hereinafter defined) actually and reasonably incurred or suffered by Indemnitee or on Indemnitee’s behalf if Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness or otherwise involved in any manner in any Proceeding to which Indemnitee is not a party; provided that Indemnitee shall not be entitled to be compensated or reimbursed for the value of Indemnitee's time spent as such unless (i) Indemnitee no longer serves as an officer, director, employee or agent of the Company and (ii) Indemnitee has spent more than ten business days as a witness or other non-party participant in such Proceeding by reason of Indemnitee’s prior Corporate Status. If Indemnitee is made a party to such Proceeding, then the provisions of Section 2, above, will apply in accordance with the terms thereof.

Appears in 5 contracts

Samples: Agreement (Argentex Mining Corp), Indemnification Agreement (Argentex Mining Corp), Agreement (Argentex Mining Corp)

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Indemnification for Other Expenses. In addition to the Indemnity provided in Section 2, aboveNotwithstanding any other provision of this Agreement, the Company will indemnify Indemnitee against all Expenses (as hereinafter defined) actually and reasonably incurred or suffered by Indemnitee or on Indemnitee’s behalf if Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness or otherwise involved in any manner in any threatened, pending or completed Proceeding to which Indemnitee neither is, nor is not threatened to be made, a party; provided that Indemnitee shall may not be entitled to otherwise be compensated or reimbursed for the value of Indemnitee's time spent as such unless (i) Indemnitee no longer serves as an officer, director, employee or agent of the Company and (ii) Indemnitee has spent more than ten business days as a witness or other non-party participant in such Proceeding by reason of Indemnitee’s prior Corporate Status. If Indemnitee is, or is made threatened to be made, a party to such Proceeding, then the provisions of Section 23, above4 or 5, as appropriate, will apply in accordance with the terms thereof.

Appears in 2 contracts

Samples: Independent Contractor Agreement (Argentex Mining Corp), Consulting Agreement (Argentex Mining Corp)

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Indemnification for Other Expenses. In addition to the Indemnity provided in Section 2PER DIEM WHEN NO LONGER DIRECTOR, aboveOFFICER OR EMPLOYEE. Notwithstanding any other provision of this Agreement, the Company will indemnify Indemnitee shall be indemnified against all Expenses (as hereinafter defined) actually and reasonably incurred or suffered by Indemnitee or on Indemnitee’s 's behalf if Indemnitee is, by reason of Indemnitee’s 's Corporate Status, a witness or otherwise involved in any manner in any threatened, pending or completed Proceeding to which Indemnitee neither is, nor is not threatened to be made, a party; provided that Indemnitee shall not be entitled to otherwise be compensated or reimbursed for the value of Indemnitee's time spent as such unless (i) Indemnitee no longer serves as an officer, director, director or employee or agent of the Company and (ii) Indemnitee has spent more than ten 10 business days as a witness or other non-party participant in such Proceeding by reason of Indemnitee’s 's prior Corporate Status. After such 10th business day, the Indemnitee shall be entitled to receive a per diem rate of $1,500 for each additional business day that Indemnitee is required to spend as a non-party participant in such Proceeding. If Indemnitee is, or is made threatened to be made, a party to such Proceeding, then the provisions of Section 23, above4 or 5, will as appropriate, shall apply in accordance with the terms thereof.

Appears in 1 contract

Samples: Indemnification Agreement (Bombay Company Inc)

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