Indemnification of Losses of Employee. COMPANY shall, to the maximum extent permitted by law, indemnify EMPLOYEE against expenses (including reasonable attorney's fees), judgments, fines, settlements, and other amounts actually and reasonably incurred in connection with any proceedings arising by reason of the fact that EMPLOYEE is, or was, an employee, officer or agent of COMPANY. COMPANY shall advance to EMPLOYEE expenses incurred in defending any such proceedings to the maximum extent permitted by law. COMPANY's obligations under this Section shall not cease upon termination of this Agreement. EMPLOYEE may select legal counsel, at his sole discretion, to represent him in any such proceedings.
Appears in 10 contracts
Samples: Employment Agreement (Netstairs Com Inc), Employment Agreement (Worldcast Interactive Inc), Employment Agreement (Interchange Medical Inc)
Indemnification of Losses of Employee. THE COMPANY shall, to the maximum extent permitted by law, indemnify EMPLOYEE against expenses (including reasonable attorney's fees), judgments, fines, settlements, and other amounts amount actually and reasonably incurred in connection with any proceedings arising by reason reasons of the fact that EMPLOYEE is, or was, an employee, officer or agent of THE COMPANY. THE COMPANY shall advance to EMPLOYEE expenses incurred in defending any such proceedings to the maximum extent permitted by law. THE COMPANY's 'S obligations under this Section shall not cease upon termination of this Agreement. EMPLOYEE may select legal counsel, at his sole discretion, to represent him in any such proceedings.
Appears in 2 contracts
Samples: Employment Agreement (InZon CORP), Employment Agreement (InZon CORP)
Indemnification of Losses of Employee. COMPANY shall, to the maximum extent permitted by law, indemnify EMPLOYEE against expenses (including reasonable attorney's fees), judgments, fines, settlements, and other amounts actually and reasonably incurred in connection with any proceedings arising by reason of the fact that EMPLOYEE is, or was, an employeeEMPLOYEE, officer officer, agent, or agent Board Member of COMPANY. COMPANY shall advance to EMPLOYEE expenses incurred in defending any such proceedings to the maximum extent permitted by law. COMPANY's obligations under this Section shall not cease upon termination of this Agreement. EMPLOYEE may select legal counsel, at his sole discretion, to represent him in any such proceedings.
Appears in 1 contract
Samples: Employment Agreement (Biomed Research Technologies Inc)