Common use of Non-Exclusiveness of Indemnification Clause in Contracts

Non-Exclusiveness of Indemnification. The indemnification and advancement of expenses provided for or authorized by this Article does not exclude any other rights to indemnification or advancement of expenses that a person may have under: (a) the corporation’s articles of incorporation or bylaws; (b) any resolution of the board of directors or the shareholders of the corporation; (c) any other authorization adopted by the shareholders; or (d) otherwise as provided by law, both as to such person’s actions in his capacity as a director, officer, or employee of the corporation and as to actions in another capacity while holding such office. Such indemnification shall continue as to a person who has ceased to be a director, officer, or employee, and shall inure to the benefit of the heirs and personal representatives of such person.

Non-Exclusiveness of Indemnification. The indemnification and advancement of expenses provided for or authorized by this Article does not exclude any other rights to indemnification or advancement of expenses that a person may have under: (aA) the corporation’s articles of incorporation or bylaws; (bB) any resolution of the board of directors or the shareholders of the corporation; (cC) any other authorization adopted by the shareholders; or (dD) otherwise as provided by law, both as to such person’s actions in his capacity as a director, officer, or employee of the corporation and as to actions in another capacity while holding such office. Such indemnification shall continue as to a person who has ceased to be a director, officer, or employee, and shall inure to the benefit of the heirs and personal representatives of such person. (Last amended November 6, 1986).