Common use of Indemnity of Employee Clause in Contracts

Indemnity of Employee. Should Employee serve Corporation as a director or officer during the Term, Corporation shall hold harmless and indemnify Employee as a director or officer to the full extent authorized or permitted by the provisions of the Pennsylvania Business Corporation Law (the “State Statute”), or by any amendment thereof or other statutory provisions authorizing or permitting such indemnification which is adopted after the date hereof.

Appears in 2 contracts

Samples: Employment Agreement (C Cor Net Corp), Employment Agreement (C-Cor Inc)

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Indemnity of Employee. Should Employee serve Corporation as a director or officer during the Term, Corporation shall hold harmless and indemnify Employee as a director or officer to the full extent authorized or permitted by the provisions of the Pennsylvania Business Corporation Law (the "State Statute"), or by any amendment thereof or other statutory provisions authorizing or permitting such indemnification which is adopted after the date hereof.

Appears in 2 contracts

Samples: Employment Agreement (C Cor Electronics Inc), Employment Agreement (C Cor Net Corp)

Indemnity of Employee. Should Employee serve Corporation as a --------------------- director or officer during the Term, Corporation shall hold harmless and indemnify Employee as a director or officer to the full extent authorized or permitted by the provisions of the Pennsylvania Business Corporation Law (the "State Statute"), or by any amendment thereof or other statutory provisions authorizing or permitting such indemnification which is adopted after the date hereof.

Appears in 1 contract

Samples: Employment Agreement (C Cor Net Corp)

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Indemnity of Employee. Should Employee serve In consideration of Employee's service to Corporation as a director or officer during the Termof Corporation since October 23, 1986, Corporation shall hereby agrees to hold harmless and indemnify Employee as a director or officer to the full extent authorized or permitted by the provisions of the Pennsylvania Business Corporation Law (the "State Statute"), or by any amendment thereof or other statutory provisions authorizing or permitting such indemnification which is adopted after the date hereof.

Appears in 1 contract

Samples: Employment Agreement (C Cor Electronics Inc)

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