Common use of Indemnification of Employees and Agents Clause in Contracts

Indemnification of Employees and Agents. The LLC, by adoption of a resolution of the Board, may indemnify and advance expenses to an employee or agent of the LLC to the same extent and subject to the same conditions under which it may indemnify and advance expenses to Persons who are not or were not Managers or Officers but who are or were serving at the request of the LLC as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against him and incurred by him in such a capacity or arising out of his status as such a Person to the same extent that it may indemnify and advance expenses to Managers and Officers under this Article VII.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Emmis Communications Corp), Limited Liability Company Agreement (Emmis Communications Corp), Limited Liability Company Agreement (Solera Holdings LLC)

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Indemnification of Employees and Agents. The LLCCompany, by adoption of a resolution of the Board, may indemnify and advance expenses to an employee or agent of the LLC Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to Persons who are not or were not Managers or Officers but who are or were serving at the request of the LLC Company as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against him and incurred by him in such a capacity or arising out of his status as such a Person to the same extent that it may indemnify and advance expenses to Managers and Officers under this Article VIIVI.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Project Angel Parent, LLC), Limited Liability Company Agreement (Cable One, Inc.), Limited Liability Company Agreement (NorthStar Asset Management Group Inc.)

Indemnification of Employees and Agents. The LLC, by adoption of a resolution of the Board, may indemnify and advance expenses to an employee or agent of the LLC to the same extent and subject to the same conditions under which it may indemnify and advance expenses to Persons who are not or were not Managers or Officers but who are or were serving at the request of the LLC as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against him and incurred by him in such a capacity or arising out of his status as such a Person to the same extent that it may indemnify and advance expenses to Managers and Officers under this Article ARTICLE VII.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Prestige Brands International, Inc.), Limited Liability Company Agreement (Tsi Finance Inc), Limited Liability Company Agreement (Prestige Brands Holdings, Inc.)

Indemnification of Employees and Agents. The LLC, by adoption of a resolution of the Board, may indemnify and advance expenses to an employee or agent of the LLC to the same extent and subject to the same conditions under which it may indemnify and advance expenses to Persons who are not or were not Managers Managers, Officers or Officers employees of the LLC but who are or were serving at the request of the LLC as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against him and incurred by him in such a capacity or arising out of his status as such a Person to the same extent that it may indemnify and advance expenses to Managers Managers, Officers and Officers employees of the LLC under this Article VII.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Triad Financial Corp), Limited Liability Company Agreement (Triad Financial Sm LLC), Limited Liability Company Agreement (Triad Financial Corp)

Indemnification of Employees and Agents. The LLCCompany, by adoption of a resolution of the Board, may indemnify and advance expenses to an employee or agent of the LLC Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to Persons who are not or were not Managers or Officers but who are or were serving at the request of the LLC Company as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against him and incurred by him in such a capacity or arising out of his status as such a Person to the same extent that it may indemnify and advance expenses to Managers and Officers under this Article VII.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (VWR, Inc.), Limited Liability Company Agreement (VWR Funding, Inc.)

Indemnification of Employees and Agents. The LLCCompany, by adoption of a resolution of the BoardManager, may indemnify and advance expenses to an employee any employees or agent agents of the LLC to the same extent and subject to the same conditions under which it may indemnify and advance expenses to Persons Company who are not or were not Managers or Officers Covered Persons but who are or were serving at the request of the LLC Company as a manager, director, officer, partner, venturer, proprietor, trustee, KL2-#2545914-v2-Boise_Paper_Holdings_L_L_C_ employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability liabilities and expenses asserted against him such Person and incurred by him such Person in such a capacity or arising out of his their status as such a Person Person, to the same extent that it may indemnify and advance expenses to Managers and Officers Covered Persons under this Article VII.

Appears in 1 contract

Samples: Operating Agreement (Boise White Paper Sales Corp.)

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Indemnification of Employees and Agents. The LLCCompany, by adoption of a resolution of the BoardMembers, may indemnify and advance expenses to an employee or agent of the LLC Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to Persons who are not or were not Managers managers or Officers officers of the Company but who are or were serving at the request of the LLC Company as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against him and incurred by him in such a capacity or arising out of his status as such a Person to the same extent that it may indemnify and advance expenses to Managers managers and Officers officers under this Article VIISection 14.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Erie Shores Emergency Physicians, Inc.)

Indemnification of Employees and Agents. The LLCCompany, by adoption of a resolution of the Board, may indemnify and advance expenses to an employee or agent of the LLC Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to Persons who are not or were not the Managers or Officers but who are or were serving at the request of the LLC Company as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against him such Person and incurred by him such Person in such a capacity or arising out of his such Person’s status as such a Person to the same extent that it may indemnify and advance expenses to the Managers and Officers under this Article VIISection.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CERES Coin LLC)

Indemnification of Employees and Agents. The LLC, by adoption of a resolution of the Board, may indemnify and advance expenses to an employee or agent of the LLC to the same extent and subject to the same conditions under which it may indemnify and advance expenses to Persons who are not or were not Managers Directors or Officers but who are or were serving at the request of the LLC as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against him and incurred by him in such a capacity or arising out of his status as such a Person to the same extent that it may indemnify and advance expenses to Managers Directors and Officers under this Article VII.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lecg Corp)

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