Common use of Indemnification; Legal Fees Clause in Contracts

Indemnification; Legal Fees. During the term of your service and thereafter, the Company shall indemnify you to the full extent permitted by law and the by-laws of the Company for all expenses, costs, liabilities and legal fees which you may incur in the discharge of your duties hereunder . In addition, the Company shall pay any reasonable legal fees which you may incur related to the negotiation and consummation of this Agreement, such payments to be made directly to your counsel in accordance with the Company's normal accounting practices upon receipt of a detailed copy of the bill for services rendered from yoxx xounsel. Notwithstanding the foregoing, you shall not be entitled to any indemnification with respect to any claim arising directly or indirectly if (i) your acts were committed in bad faith or were the result of active and deliberate dishonesty, (ii) you gained any financial profit or other advantage to which you were not legally entitled; (iii) you made profits from the purchase or sale of securities of the Company within the meaning of Section 16 of the Securities Exchange Act of 1934 or similar provisions of any state; or (iv) payment by the Company under this Agreement is not permitted by applicable law.

Indemnification; Legal Fees. During the term of your service and thereafter, the Company shall indemnify you to the full extent permitted by law and the by-laws of the Company for all expenses, costs, liabilities and legal fees which you may incur in the discharge of your duties hereunder . In addition, the Company shall pay any reasonable legal fees which you may incur related to the negotiation and consummation of this Agreement, such payments to be made directly to your counsel in accordance with the Company's normal accounting practices upon receipt of a detailed copy of the bill for services rendered from yoxx xounsel. Notwithstanding the foregoing, you shall not be entitled to any indemnification with respect to any claim arising directly or indirectly if (i) your acts were committed in bad faith or were the result of active and deliberate dishonesty, (ii) you gained any financial profit or other advantage to which you were not legally entitled; (iiii) you made profits from the purchase or sale of securities of the Company within the meaning of Section 16 of the Securities Exchange Act of 1934 or similar provisions of any state; or (iv) payment by the Company under this Agreement is not permitted by applicable law.

Indemnification; Legal Fees. During the term of your service and thereafter, the Company shall indemnify you to the full extent permitted by law and the by-laws of the Company for all expenses, costs, liabilities and legal fees which you may incur in the discharge of your duties hereunder . In addition, the Company shall pay any reasonable legal fees which you may incur related to the negotiation and consummation of this Agreement, such payments to be made directly to your counsel in accordance with the Company's normal accounting practices upon receipt of a detailed copy of the bill for services rendered from yoxx xounsel. Notwithstanding the foregoing, you shall not be entitled to any indemnification with respect to any claim arising directly or indirectly if (i) your acts were committed in bad faith or were the result of active and deliberate dishonesty, (ii) you gained any financial profit or other advantage to which you were not legally entitled; (iiiiv) you made profits from the purchase or sale of securities of the Company within the meaning of Section 16 of the Securities Exchange Act of 1934 or similar provisions of any state; or (iv) payment by the Company under this Agreement is not permitted by applicable law.

Indemnification; Legal Fees. During the term of your service and thereafter, the Company shall indemnify you to the full extent permitted by law and the by-laws of the Company for all expenses, costs, liabilities and legal fees which you may incur in the discharge of your duties hereunder . In addition, the Company shall pay any reasonable legal fees which you may incur related to the negotiation and consummation of this Agreement, such payments to be made directly to your counsel in accordance with the Company's normal accounting practices upon receipt of a detailed copy of the bill for services rendered from yoxx xounsel. Notwithstanding the foregoing, you shall not be entitled to any indemnification with respect to any claim arising directly or indirectly if (i) your acts were committed in bad faith or were the result of active and deliberate dishonesty, (ii) you gained any financial profit or other advantage to which you were not legally entitled; (iiiii) you made profits from the purchase or sale of securities of the Company within the meaning of Section 16 of the Securities Exchange Act of 1934 or similar provisions of any state; or (iv) payment by the Company under this Agreement is not permitted by applicable law.