Common use of Indemnification of Officers, Employees and Agents Clause in Contracts

Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the Member, may indemnify and advance expenses to an officer, employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to a Manager or a Member under this article VI; and, the company may indemnify and advance expenses to Persons who are not or were not a Manager or Member, officers, employees or agents of the Company but who are or were serving at the request of the 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 a Manager or Member under this article VI.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Grant Prideco Inc), Limited Liability Company Agreement (Grant Prideco Inc), Limited Liability Company Agreement (Grant Prideco Inc)

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Indemnification of Officers, Employees and Agents. The CompanyLLC, by adoption of a resolution of the MemberMembers, may indemnify and advance expenses to an officer, employee or agent of the Company LLC to the same extent and subject to the same conditions under which it may indemnify and advance expenses to a Manager or a Member Members under this article VIArticle VII; and, the company LLC may indemnify and advance expenses to Persons who are not or were not a Manager or MemberMembers, officers, employees or agents of the Company LLC but who are or were serving at the request of the company LLC as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability companyLLC, 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 a Manager or Member Members under this article VIArticle VII.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Grant Prideco Inc), Limited Liability Company Agreement (Grant Prideco Finance LLC)

Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the MemberMembers, may indemnify and advance expenses to an officerofficers, employee employees or agent agents of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to a Manager or a Member under this article VIArticle VIII; and, and the company Company may indemnify and advance expenses to Persons who are not or were not a Manager or Manager, a Member, officers, employees or agents of the Company but who are or were serving at the request of the company Company as a managera, 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 them and incurred by him them in such a capacity or arising out of his their status as such a Person Persons to the same extent that it may indemnify and advance expenses to a Manager or Member Members under this article VIArticle VIII.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Exco Resources Inc)

Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the Member, may indemnify and advance expenses to an officer, employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to a Manager or a the Member under this article Article VI; and, the company Company may indemnify and advance expenses to Persons who are not or were not a Manager or Member, officers, employees or agents of the Company but who are or were serving at the request of the company 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 a Manager or the Member under this article Article VI.

Appears in 1 contract

Samples: Company Agreement (River Medical Inc)

Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the Member, may indemnify and advance expenses to an officer, employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to a Manager or a Member under this article VI; and, the company may indemnify and advance expenses to Persons who are not or were not a Manager or Member, officers, employees or agents of the Company but who are or were serving at the request of the company as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability companyCompany, 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 a Manager or Member under this article VI.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Grant Prideco Inc)

Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the MemberMembers, may indemnify and advance expenses to an officer, employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to a Manager or a Member under this article VIArticle 7; and, the company Company may indemnify and advance expenses to Persons who are not or were not a Manager or MemberManagers, Members, officers, employees or agents of the Company but who are or were serving at the request of the company Company as a managerManager, director, officer, partnerMember, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnershipmembership, 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 a Manager or Member under this article VIArticle 7.

Appears in 1 contract

Samples: Operating Agreement

Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the MemberMembers, may indemnify and advance expenses to an a manager, officer, employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to a Manager or a Member the Members under this article Article VI; and, and the company Company may indemnify and advance expenses to Persons a Person who are is not or were was not a Manager or Member, officersmanager, employees officer, employee or agents agent of the Company but who are is or were was serving at the request of the company 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 a Manager or Member the Members under this article Article VI.

Appears in 1 contract

Samples: Operating Agreement (Connect Invest II LLC)

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Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the Member, may indemnify and advance expenses to an officer, employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to a Manager or a Member under this article VIArticle 7; and, the company Company may indemnify and advance expenses to Persons who are not or were not a Manager or Member, officers, employees or agents of the Company but who are or were serving at the request of the company 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 a Manager or Member under this article VIArticle 7.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Grant Prideco Finance LLC)

Indemnification of Officers, Employees and Agents. The Company, Company by adoption of a resolution of the MemberMembers, may indemnify and advance expenses to an officer, employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to a Manager or a Member Members under this article VI; Article 13 and, the company Company may indemnify and advance expenses to Persons who are not or were not a Manager or MemberMembers, Managers, officers, employees employees, or agents of the Company but who are or were serving at the request of the company Company as a managerMember, director, officer, partner, venturer, proprietor, trustee, employee, agent agent, or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan 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 a Manager or Member Members under this article VIArticle 13.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NationsHealth, Inc.)

Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the MemberMembers, may indemnify and advance expenses to an officer, employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to a Manager or a Member under this article VIArticle VII; and, the company Company may indemnify and advance expenses to Persons who are not or were not a Manager or MemberManagers, Members, officers, employees or agents of the Company but who are or were serving at the request of the company Company as a managerManager, director, officer, partnerMember, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnershipmembership, 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 a Manager or Member under this article VIArticle VII.

Appears in 1 contract

Samples: Operating Agreement

Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the Member, Members,' may indemnify and advance expenses to an officerOfficer, employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses expenses, to a Manager or a Member Members under this article Article VI; and, the company Company may indemnify and advance expenses to Persons who are not or were not a Manager or MemberMembers, officersOfficers, employees or agents of the Company but who are or were serving at the request of the company 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 a Manager or Member Members under this article Article VI.

Appears in 1 contract

Samples: Operating Agreement (TB Wood's INC)

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