Common use of Indemnitee’s Right to Counsel Clause in Contracts

Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 12(b) above, in any Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, at the Indemnittee’s option Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter and the Expenses incurred by Indemnitee in any such matter shall constitute Indemnifiable Expenses.

Appears in 16 contracts

Samples: Employment Agreement (Adial Pharmaceuticals, Inc.), Indemnification Agreement (CervoMed Inc.), Indemnification Agreement (CervoMed Inc.)

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Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 12(b) above, in any Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, at the Indemnittee’s 's option Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter and the Expenses incurred by Indemnitee in any such matter shall constitute Indemnifiable Expenses.

Appears in 1 contract

Samples: Indemnification Agreement (Westway Group, Inc.)

Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 12(b11(b) above, in any Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, at the IndemnitteeIndemnitee’s option Indemnitee shall have the right to retain counsel of Indemnitee’s reasonable choice, at the expense of the Company, to represent Indemnitee in connection with any such matter and the Expenses incurred by Indemnitee in any such matter shall constitute Indemnifiable Expensesmatter.

Appears in 1 contract

Samples: Indemnification Agreement (Forward Pharma a/S)

Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 12(b) above, in any Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, at the IndemnitteeIndemnitee’s option Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter and the Expenses incurred by Indemnitee in any such matter shall constitute Indemnifiable Expenses.

Appears in 1 contract

Samples: Employment Agreement (Adial Pharmaceuticals, Inc.)

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Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 12(b11(b) above, in any Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate StatusStatus and/or Covered Conduct, at the IndemnitteeIndemnitee’s option Indemnitee shall have the right to retain counsel of Indemnitee’s reasonable choice, at the expense of the Company, to represent Indemnitee in connection with any such matter and the Expenses incurred by Indemnitee in any such matter shall constitute Indemnifiable Expensesmatter.

Appears in 1 contract

Samples: Indemnification Agreement (Forward Pharma a/S)

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