INDEMNIFICATION MANDATORY; STANDARD. (a) Subject to the provisions of Section 4, a corporation shall indemnify a person made or threatened to be made a party to a proceeding by reason of the former or present official capacity of the person against judgments, penalties, fines, including without limitation, excise taxes assessed against the person with respect to an employee benefit plan, settlements and reasonable expenses, including attorneys' fees and disbursements, incurred by the person in connection with the proceeding if, with respect to the acts or omissions of the person complained of in the proceeding, the person:
Appears in 3 contracts
Samples: And Shareholder Control Agreement (Spectrascience Inc), Spectrascience Inc, Spectrascience Inc
INDEMNIFICATION MANDATORY; STANDARD. (a) Subject to the provisions of Section 4, a corporation shall indemnify a person made or threatened to be made a party to a proceeding by reason of the former or present official capacity of the person against judgments, penalties, fines, including without limitation, excise taxes assessed against the person with respect to an employee benefit plan, settlements and reasonable expenses, including attorneys' β fees and disbursements, incurred by the person in connection with the proceeding if, with respect to the acts or omissions of the person complained of in the proceeding, the person:
Appears in 1 contract
Samples: And Shareholder Control Agreement (Spectrascience Inc)