Common use of Nonexclusivity of Agreement Clause in Contracts

Nonexclusivity of Agreement. The right to indemnification and advancement` expenses provided to an Indemnitee pursuant to Article V of this Trust shall not be deemed exclusive of any other rights to which the Indemnitee may be entitled by law, contract or otherwise, and the terms and provisions of Article V of this Trust shall continue as to the Indemnitee if he ceases to be a Trustee of this Trust, and such terms and provisions shall inure to the benefit of the heirs, executors and administrators of the Indemnitee.

Appears in 5 contracts

Samples: Shareholders’ Trust (Cap Rock Energy Corp), Shareholders’ Trust (Cap Rock Energy Corp), Shareholders’ Trust (Cap Rock Energy Corp)

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