Common use of Non-Exclusivity of Right of Indemnification Clause in Contracts

Non-Exclusivity of Right of Indemnification. The indemnification rights granted to Indemnitee under this Agreement shall not be deemed exclusive of, or in limitation of, any other rights to which Indemnitee may be entitled under Florida or Federal law, the Corporation's articles of incorporation or by-laws, any other agreement, any vote of Shareholders or Directors or otherwise. To the extent Florida or Federal law, the Corporation's articles of incorporation or by-laws or other applicable law, as in effect on the date hereof or at any time in the future, permit greater indemnification than is provided for in this Agreement, Indemnitee shall enjoy such greater benefits so afforded, and this agreement shall be deemed amended without any further action by the Corporation or Indemnitee to grant such greater benefits. Indemnitee shall be entitled, in the sole discretion of Indemnitee, to elect to have Indemnitee's rights hereunder interpreted on the basis of applicable law in effect at the time of execution of this Agreement, at the time of the occurrence of the indemnifiable event giving rise to a claim or at the time indemnification is sought.

Non-Exclusivity of Right of Indemnification. The indemnification rights granted to Indemnitee under this Agreement shall not be deemed exclusive of, or in limitation of, any other rights to which Indemnitee may be entitled under Florida or Federal lawLaw, the Corporation's articles of incorporation or by-laws, any other agreement, any vote of Shareholders shareholders or Directors or otherwise. To the extent Florida or Federal law, the Corporation's articles of incorporation or by-laws or other applicable law, as in effect on the date hereof or at any time in the future, permit greater indemnification than is provided for in this Agreement, Indemnitee shall enjoy such greater benefits so afforded, and this agreement shall be deemed amended without any further action by the Corporation or Indemnitee to grant such greater benefits. Indemnitee shall be entitled, in the sole discretion of Indemnitee, to elect to have Indemnitee's Indemnitees' rights hereunder interpreted on the basis of applicable law in effect at the time of execution of this Agreement, at the time of the occurrence of the indemnifiable event giving rise to a claim or at the time indemnification is sought.