Non-Exclusive Right. The rights of indemnification as provided by this Agreement shall not be deemed exclusive of any other rights to which the Executive Officer may at any time be entitled under applicable law, the articles of incorporation of State Auto, the Regulations, any agreement, a vote of shareholders, a resolution of directors or otherwise. No amendment, alteration or repeal of this Agreement or of any provision of this Agreement shall limit or restrict any right of the Executive Officer under this Agreement in respect of any action taken or omitted by the Executive Officer prior to such amendment, alteration or repeal. To the extent that a change in the OCL, whether by statute or judicial decision, permits greater indemnification than would be afforded currently under the Regulations and this Agreement, it is the intent of the parties to this Agreement that the Executive Officer shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy conferred in this Agreement is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.
Appears in 5 contracts
Samples: Officer Indemnification Agreement (State Auto Financial CORP), Officer Indemnification Agreement (State Auto Financial CORP), Officer Indemnification Agreement (State Auto Financial CORP)
Non-Exclusive Right. The rights of indemnification as provided by this Agreement shall not be deemed exclusive of any other rights to which the Executive Officer Director may at any time be entitled under applicable law, the articles of incorporation of State Auto, the Regulations, any agreement, a vote of shareholders, a resolution of directors or otherwise. No amendment, alteration or repeal of this Agreement or of any provision of this Agreement shall limit or restrict any right of the Executive Officer Director under this Agreement in respect of any action taken or omitted by the Executive Officer Director prior to such amendment, alteration or repeal. To the extent that a change in the OCL, whether by statute or judicial decision, permits greater indemnification than would be afforded currently under the Regulations and this Agreement, it is the intent of the parties to this Agreement that the Executive Officer Director shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy conferred in this Agreement is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.
Appears in 3 contracts
Samples: Indemnification Agreement (State Auto Financial CORP), Indemnification Agreement (State Auto Financial CORP), Indemnification Agreement (State Auto Financial CORP)
Non-Exclusive Right. The rights of indemnification as provided by this Agreement shall not be deemed exclusive of any other rights to which the Executive Officer Director may at any time be entitled under applicable law, the articles of incorporation of State Auto, the Regulations, any agreement, a vote of shareholdersmembers, a resolution of directors or otherwise. No amendment, alteration or repeal of this Agreement or of any provision of this Agreement shall limit or restrict any right of the Executive Officer Director under this Agreement in respect of any action taken or omitted by the Executive Officer Director prior to such amendment, alteration or repeal. To the extent that a change in the OCL, whether by statute or judicial decision, permits greater indemnification than would be afforded currently under the Regulations and this Agreement, it is the intent of the parties to this Agreement that the Executive Officer Director shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy conferred in this Agreement is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.
Appears in 1 contract
Samples: Indemnification Agreement (State Auto Financial CORP)