Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all rights and remedies, including with respect to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 8 contracts
Samples: Director Indemnification Agreement (Terra Tech Corp.), Director Indemnification Agreement (Terra Tech Corp.), Director Indemnification Agreement (Terra Tech Corp.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 5 contracts
Samples: Indemnification Agreement (Precision Biosciences Inc), Indemnification Agreement (Alzheon, Inc.), Indemnification Agreement (Homology Medicines, Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all rights and remedies, including with respect to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 5 contracts
Samples: Indemnification Agreement (Invea Therapeutics, Inc), Indemnification Agreement (Talaris Therapeutics, Inc.), Indemnification Agreement (Coursera, Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment funds stockholders that has have invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or terminationsuspension, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or terminationsuspension. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 4 contracts
Samples: Indemnification Agreement (Provectus Biopharmaceuticals, Inc.), Indemnification Agreement (Provectus Biopharmaceuticals, Inc.), Indemnification Agreement (Provectus Biopharmaceuticals, Inc.)
Indemnification of Appointing Stockholder. [If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s 's involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all of the indemnification rights and remedies, including with respect remedies under this Agreement pursuant to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. ] [If (i) Indemnitee is or was affiliated with one or more venture capital funds that has invested in the Company (an “Appointing Stockholder”), (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding results from any claim based on the Indemnitee’s service to the Company as a director or other fiduciary of the Company, the Appointing Stockholder will be entitled to indemnification hereunder for Expenses to the same extent as Indemnitee, and the terms of this Agreement as they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder.] [If (i) Indemnitee is or was affiliated with one or more venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding relating to or arising by reason of Appointing Stockholder's position as a stockholder of, or lender to, the Company, or Appointing Stockholder's appointment of or affiliation with Indemnitee or any other director, including, without limitation, any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company or its Board members, officers, equity holders or debt holders, then the Appointing Stockholder will be entitled to indemnification hereunder for Expenses to the same extent as Indemnitee, and the terms of this Agreement as they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder.] [The rights provided to the Appointing Stockholder under this Section 1(d) 2 shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).] [The above language presents three alternatives, with the third providing the broadest indemnification of the venture capital fund.]
Appears in 3 contracts
Samples: Indemnification Agreement, Indemnification Agreement, Indemnification Agreement
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more venture capital funds or investment funds management entities that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including, without limitation, any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) 1 shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 2 contracts
Samples: Indemnification Agreement (Entasis Therapeutics Holdings Inc.), Indemnification Agreement (Entasis Therapeutics LTD)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all rights and remedies, including with respect to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stockcommon stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts f acts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 2 contracts
Samples: Indemnification Agreement (Atlantic Coastal Acquisition Corp. II), Indemnification Agreement (Atlantic Coastal Acquisition Corp.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, results from any action taken by claim based on the Indemnitee’s service to the Company that was approved by as a director or other fiduciary of the Company’s Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 2 contracts
Samples: Indemnification Agreement (Applied Genetic Technologies Corp), Indemnification Agreement (Applied Genetic Technologies Corp)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) 2 shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 2 contracts
Samples: Indemnification Agreement (Novan, Inc.), Indemnification Agreement (Seres Therapeutics, Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all rights and remedies, including with respect to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).]
Appears in 2 contracts
Samples: Adoption Agreement (Gi Dynamics, Inc.), Indemnification Agreement
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds or other person (including, but not limited to, any corporation, limited liability company or other entity) that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 2 contracts
Samples: Indemnification Agreement (Inspire Medical Systems, Inc.), Indemnification Agreement (Camping World Holdings, Inc.)
Indemnification of Appointing Stockholder. If (i) The parties acknowledge that Indemnitee is or was affiliated with one Tacora Capital, LP (1) or more investment funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the . If Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including, without limitation, any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate at such time that Appointing Stockholder no longer has the right to appoint any person to serve on an initial public offering of the Company’s Common StockBoard; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 2 contracts
Samples: Indemnification Agreement (GlassBridge Enterprises, Inc.), Indemnification Agreement (GlassBridge Enterprises, Inc.)
Indemnification of Appointing Stockholder. If Without diminishing or impairing the obligations of the Company set forth in the Bylaws and the Certificate of Incorporation, if (i) Indemnitee is or was affiliated with one (1) or more venture capital funds or other investment funds entities that has invested in the Company (an “Appointing Stockholder”), ) and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out ofappointment of or affiliation with Indemnitee or any other director, or relates toincluding, without limitation, any action taken alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 2 contracts
Samples: Indemnification Agreement (Key Mining Corp.), Indemnification Agreement (Cognition Therapeutics Inc)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment funds entities that has invested in the Company (each, an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) 1 shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 2 contracts
Samples: Indemnification Agreement, Indemnification Agreement (Diamondback Energy, Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment private equity funds or other person (including, but not limited to, any corporation, limited liability company or other entity) that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 2 contracts
Samples: Indemnification Agreement, Indemnification Agreement (Funko, Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment private equity funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out ofappointment of or affiliation with Indemnitee, or relates toincluding, without limitation, any action taken claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board of Directors, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board of Directors and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 2 contracts
Samples: Indemnification Agreement, Indemnification Agreement (Five Below, Inc)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Boardboard of directors, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all rights and remedies, including with respect to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. The rights provided to the Appointing Stockholder under this Section 1(d) 6 shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering board of the Company’s Common Stockdirectors; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d)6.
Appears in 1 contract
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more venture capital funds, private equity funds or other investment funds that has invested in the Company (each, as applicable, an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Boardboard of directors, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all rights and remedies, including with respect to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. The rights provided to the Appointing Stockholder under this Section 1(d) 4A shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering board of the Company’s Common Stockdirectors; provided, however, that in the event of any such suspension or terminationsuspension, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or terminationsuspension. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).4A.
Appears in 1 contract
Samples: Indemnification Agreement (Olo Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) 5 shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d)Seciton 5.
Appears in 1 contract
Samples: Form of Indemnification Agreement (ZS Pharma, Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment funds that has invested in the Company (an “"Appointing Stockholder”"), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s 's involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s 's Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all rights and remedies, including with respect to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s 's Board, and (ii) terminate on an initial public offering of the Company’s 's Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s 's rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 1 contract
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding either (x) results from any claim based on Indemnitee’s service to the Company as a director or other fiduciary of the Company or (y) (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Board, Board and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all of the indemnification rights and remedies, including with respect remedies under this Agreement pursuant to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. The rights provided to the Appointing Stockholder under this Section 1(d2(b) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board and (ii) terminate on an initial public offering of the Company’s Common Stockcommon stock; provided, however, provided that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d2(b).
Appears in 1 contract
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment funds entities that has invested in the Company (each, an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 1 contract
Samples: Indemnification Agreement (Construction Partners, Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceedingproceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, proceeding results from any action taken by claim based on the Indemnitee’s service to the Company that was approved by as a director or other fiduciary of the Company’s Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 1 contract
Samples: Indemnification Agreement (Edge Therapeutics, Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out 's position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder's appointment of or affiliation with Indemnitee or any action taken other director, including, without limitation, any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 1 contract
Samples: Indemnification Agreement
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds or private equity funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all rights and remedies, including with respect to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stockcommon stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 1 contract
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all rights and remedies, including with respect to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering at the time that the Appointing Stockholder is the beneficial owner of less than five percent (5%) of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 1 contract
Indemnification of Appointing Stockholder. [If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all of the indemnification rights and remedies, including with respect remedies under this Agreement pursuant to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. .] [If (i) Indemnitee is or was affiliated with one or more venture capital funds that has invested in the Company (an “Appointing Stockholder”), (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding results from any claim based on the Indemnitee’s service to the Company as a director or other fiduciary of the Company, the Appointing Stockholder will be entitled to indemnification hereunder for Expenses to the same extent as Indemnitee, and the terms of this Agreement as they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder.] [If (i) Indemnitee is or was affiliated with one or more venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding relating to or arising by reason of Appointing Stockholder’s position as a stockholder of, or lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any other director, including, without limitation, any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company or its Board members, officers, equity holders or debt holders, then the Appointing Stockholder will be entitled to indemnification hereunder for Expenses to the same extent as Indemnitee, and the terms of this Agreement as they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder.] [The rights provided to the Appointing Stockholder under this Section 1(d) 2 shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party third‑party beneficiary of the terms of this Section 1(d).] [The above language presents three alternatives, with the third providing the broadest indemnification of the venture capital fund.]
Appears in 1 contract
Samples: Indemnification Agreement
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) 1 shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).]
Appears in 1 contract
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all rights and remedies, including with respect to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board[, and (ii) terminate on the closing of an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. .] The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 1 contract
Samples: Indemnification Agreement
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment funds stockholders that has have invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or terminationsuspension, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or terminationsuspension. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third third-party beneficiary of the terms of this Section 1(d).
Appears in 1 contract
Samples: Indemnification Agreement (Provectus Biopharmaceuticals, Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more venture capital funds or investment funds management entities that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including, without limitation, any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) 1 shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).]
Appears in 1 contract
Samples: Form of Indemnification Agreement (Millendo Therapeutics, Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment funds entities that has invested in the Company (each, an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d1(c) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d1(c).
Appears in 1 contract
Samples: Indemnification Agreement (Mammoth Energy Services, Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out 's position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder's appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) 1 shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 1 contract
Indemnification of Appointing Stockholder. [If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s 's involvement in the Proceeding (A) arises primarily out of, or relates to, any action taken by the Company that was approved by the Company’s Board, Board and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall be entitled to all of the indemnification rights and remedies, including with respect remedies under this Agreement pursuant to indemnification and advancement, provided to the Indemnitee under this Agreement as if the Appointing Stockholder were the Indemnitee. The rights provided to ] [If (i) Indemnitee is or was affiliated with one or more venture capital funds that has invested in the Company (an “Appointing Stockholder”), (ii) the Appointing Stockholder under is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding results from any claim based on the Indemnitee’s service to the Company as a director or other fiduciary of the Company, the Appointing Stockholder will be entitled to indemnification hereunder for Expenses to the same extent as Indemnitee, and the terms of this Section 1(d) Agreement as they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder.] [If (i) be suspended during any period during which Indemnitee is or was affiliated with one or more venture capital funds that has invested in the Company (an “Appointing Stockholder does not have a representative on the Company’s BoardStockholder”), and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is, or is an express third threatened to be made, a party beneficiary to or a participant in any Proceeding relating to or arising by reason of Appointing Stockholder's position as a stockholder of, or lender to, the Company, or Appointing Stockholder's appointment of or affiliation with Indemnitee or any other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company or its Board members, officers, equity holders or debt holders, then the Appointing Stockholder will be entitled to indemnification hereunder for Expenses to the same extent as Indemnitee, and the terms of this Section 1(d)Agreement as they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder.]
Appears in 1 contract
Samples: Indemnification Agreement
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment venture capital funds that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Proceeding relating to or arising by reason of Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out position as a stockholder of, or relates lender to, the Company, or Appointing Stockholder’s appointment of or affiliation with Indemnitee or any action taken other director, including without limitation any alleged misappropriation of a Company asset or corporate opportunity, any claim of misappropriation or infringement of intellectual property relating to the Company, any alleged false or misleading statement or omission made by the Company that was approved by (or on its behalf) or its employees or agents, or any allegation of inappropriate control or influence over the Company’s BoardCompany or its Board members, and (B) arises out of facts officers, equity holders or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similardebt holders, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, Board and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).]
Appears in 1 contract
Samples: Indemnification Agreement (Senseonics Holdings, Inc.)
Indemnification of Appointing Stockholder. If (i) Indemnitee is or was affiliated with one (1) or more investment funds companies that has invested in the Company (an “Appointing Stockholder”), and (ii) the Appointing Stockholder is, or is threatened to be made, a party to or a participant in any Proceeding, and (iii) the Appointing Stockholder’s involvement in the Proceeding (A) arises primarily out of, or relates to, results from any action taken by claim based on the Indemnitee’s service to the Company that was approved by as a director or other fiduciary of the Company’s Board, and (B) arises out of facts or circumstances that are the same or substantially similar to the facts and circumstances that form the basis of claims that have been, could have been or could be brought against the Indemnitee in a Proceeding, regardless of whether the legal basis of the claims against the Indemnitee and the Appointing Stockholder are the same or similar, then the Appointing Stockholder shall will be entitled to all rights and remedies, including with respect to indemnification and advancement, provided hereunder for Expenses to the Indemnitee under same extent as Indemnitee, and the terms of this Agreement as if the they relate to procedures for indemnification of Indemnitee and advancement of Expenses shall apply to any such indemnification of Appointing Stockholder were the IndemniteeStockholder. The rights provided to the Appointing Stockholder under this Section 1(d) shall (i) be suspended during any period during which the Appointing Stockholder does not have a representative on the Company’s Board, and (ii) terminate on an initial public offering of the Company’s Common Stock; provided, however, that in the event of any such suspension or termination, the Appointing Stockholder’s rights to indemnification and advancement of expenses will not be suspended or terminated with respect to any Proceeding based in whole or in part on facts and circumstances occurring at any time prior to such suspension or termination regardless of whether the Proceeding arises before or after such suspension or termination. The Company and Indemnitee intend and agree that the Appointing Stockholder is an express third party beneficiary of the terms of this Section 1(d).
Appears in 1 contract
Samples: Indemnification Agreement (Blue Water Vaccines Inc.)