Indemnification of Committee Members. The Company shall defend, indemnify and hold harmless each member of the Committee against any and all claims, loss, damages, expense and liability arising from any actual or alleged action or failure to act in connection with the administration of the Option granted pursuant hereto, except when the same is judicially determined to be due to the gross negligence or willful misconduct of such Committee member.
Appears in 3 contracts
Samples: Stock Option Agreement (American Pacific Corp), Stock Option Agreement (American Pacific Corp), Stock Option Agreement (American Pacific Corp)
Indemnification of Committee Members. The Company shall defend, ------------------------------------ indemnify and hold harmless each member of the Committee against any and all claims, loss, damages, expense and liability arising from any actual or alleged action or failure to act in connection with the administration of the Option granted pursuant hereto, except when the same is judicially determined to be due to the gross negligence or willful misconduct of such Committee member.
Appears in 3 contracts
Samples: Stock Option Agreement (American Pacific Corp), Stock Option Agreement (American Pacific Corp), Stock Option Agreement (American Pacific Corp)
Indemnification of Committee Members. The Company shall defend, indemnify and hold harmless each member of the Committee against any and all claims, loss, damages, expense and liability arising from any actual or alleged action or failure to act in connection with the administration of the Option granted pursuant hereto, 2 except when the same is judicially determined to be due to the gross negligence or willful misconduct of such Committee member.
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