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Common use of MANDATORY INDEMNIFICATION IN ACTIONS Clause in Contracts

MANDATORY INDEMNIFICATION IN ACTIONS. SUITS OR PROCEEDINGS OTHER THAN THOSE BY OR IN THE RIGHT OF THE COMPANY. Subject to Section 4 hereof, the Company shall indemnify and hold harmless the Director from and against any claims, damages, expenses (including attorneys' fees), judgments, fines (including excise taxes assessed with respect to employee benefit plans) and amounts paid in settlement actually and reasonably incurred by him in connection with the investigation, defense, settlement or appeal of any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Company) and to which the Director was or is a party, or is threatened to be made a party by reason of the fact that the Director is or was a director, officer, stockholder, employee or agent of the Company, or is or was serving at the request of the Company as a director, officer, partner, trustee, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, or by reason of anything done or not done by the Director in any such capacity or capacities, provided that the Director acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interest of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.

Appears in 4 contracts

Samples: Indemnification Agreement (Video Jukebox Network Inc), Indemnification Agreement (Video Jukebox Network Inc), Indemnification Agreement (Video Jukebox Network Inc)

MANDATORY INDEMNIFICATION IN ACTIONS. SUITS OR PROCEEDINGS OTHER THAN THOSE BY OR IN THE RIGHT OF THE COMPANY. Subject to Section 4 hereof, the Company shall indemnify and hold harmless the Director Indemnitee from and against any and all claims, damages, expenses (including attorneys' fees), judgments, fines (including excise taxes assessed with respect to an employee benefit plans) and plan), amounts paid in settlement and all other liabilities actually and reasonably incurred by him in connection with the investigation, defense, prosecution, settlement or appeal of any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Company) and to which the Director Indemnitee was or is a party, party or is threatened to be made a party by reason of the fact that the Director Indemnitee is or was a an officer, director, officer, stockholdershareholder, employee or agent of the Company, or is or was serving at the request of the Company as a an officer, director, officer, partner, trustee, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan plan, or other enterprise, or by reason of anything done or not done by the Director Indemnitee in any such capacity or capacities, provided that the Director Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interest interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.

Appears in 3 contracts

Samples: Indemnification Agreement (Hops Grill & Bar Inc), Indemnification Agreement (Lets Talk Cellular & Wireless Inc), Indemnification Agreement (Newtech Corp)

MANDATORY INDEMNIFICATION IN ACTIONS. SUITS OR PROCEEDINGS OTHER THAN THOSE BY OR IN THE RIGHT OF THE COMPANY. Subject to Section 4 hereof, the Company shall indemnify and hold harmless the Director Indemnitee from and against any and all claims, damages, expenses (including attorneys' fees), judgments, fines (including excise taxes assessed with respect to an employee benefit plans) and plan), amounts paid in settlement and all other liabilities actually and reasonably incurred by him in connection with the investigation, defense, prosecution, settlement or appeal of any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Company) and to which the Director Indemnitee was or is a party, party or is threatened to be made a party by reason of the fact that the Director Indemnitee is or was a an officer, director, officer, stockholder, employee or agent of the Company, or is or was serving at the request of the Company as a an officer, director, officer, partner, trustee, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan plan, or other enterprise, or by reason of anything done or not done by the Director Indemnitee in any such capacity or capacities, provided that the Director Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interest interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.

Appears in 1 contract

Samples: Indemnification Agreement (Magicworks Entertainment Inc)

MANDATORY INDEMNIFICATION IN ACTIONS. SUITS OR PROCEEDINGS OTHER THAN THOSE BY OR IN THE RIGHT OF THE COMPANY. Subject to Section 4 hereof, the Company shall indemnify and hold harmless the Director Indemnitee from and against any and all claims, damages, expenses (including attorneys' fees), judgments, . fines (including excise taxes assessed with respect to an employee benefit plans) and plan), amounts paid in settlement and all other liabilities actually and reasonably incurred by him in connection with the investigation, defense, prosecution, settlement or appeal of any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Company) and to which the Director Indemnitee was or is a party, party or is threatened to be made a party by reason of the fact that the Director Indemnitee is or was a an officer, director, officer, stockholdershareholder, employee or agent of the Company, or is or was serving at the request of the Company as a an officer, director, officer, partner, trustee, employee or agent of another corporation, . partnership, joint venture, trust, employee benefit plan plan, or other enterprise, or by reason of anything done or not done by the Director Indemnitee in any such capacity or capacities, provided that the Director Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interest interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.

Appears in 1 contract

Samples: Settlement Agreement (Lets Talk Cellular & Wireless Inc)