Indemnification in Proceedings By or In the Name of the Company. The Company shall indemnify the Indemnitee if the Indemnitee is a party to or threatened to be made a party to or is otherwise involved in any Proceeding by or in the name of the Company to procure a judgment in its favor by reason of the fact that the Indemnitee was or is a director and/or officer of the Company, a key executive or employee of the Company, or a consultant to the Company, or is or was serving at the request of the Company as a director, officer, key executive, employee or agent of another enterprise, against all Expenses, judgments, fines, penalties and ERISA excise taxes actually and reasonably incurred by the Indemnitee in connection with the defense or settlement of such a Proceeding, to the fullest extent permitted by applicable corporate law and the Company's Articles of Incorporation.
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Samples: Indemnification Agreement (Skkynet Cloud Systems, Inc.), Indemnity Agreement (Skkynet Cloud Systems, Inc.), Indemnification Agreement (UEG-Green Energy Solutions/Alberta, Inc.)
Indemnification in Proceedings By or In the Name of the Company. The Company shall indemnify the Indemnitee if the Indemnitee is a party to or threatened to be made a party to or is otherwise involved in any Proceeding by or in the name of the Company to procure a judgment in its favor by reason of the fact that the Indemnitee was or is a director and/or officer of the Company, a key executive or employee of the Company, or a consultant to the Company, or is or was serving at the request of the Company as a director, officer, key executive, employee or agent of another enterprise, against all Expenses, judgments, fines, fines penalties and ERISA excise taxes actually and reasonably incurred by the Indemnitee in connection with the defense or settlement of such a Proceeding, to the fullest extent permitted by applicable corporate law and the Company's Articles of Incorporation.
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