Common use of Obligation of the Company Clause in Contracts

Obligation of the Company. To the maximum extent permitted by law, the Company hereby indemnifies and agrees to hold harmless the Executive from any and all costs or expenses incurred by him on account of the fact that he becomes a party, or is threatened to be made a party, to any pending, threatened or contemplated action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he is, was or becomes a director, officer, employee or agent of the Company or of any parent or subsidiary of the Company. Such costs and expenses shall include, without limitation, expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with any such action, suit or proceeding. To the maximum extent permitted by and subject to any requirements of law, costs and expenses incurred by the Executive in defending a civil or criminal action, suit or proceeding shall be paid by the Company as bills for such services are presented by the Executive to the Company. In any such matter, the Executive shall be entitled to select his own legal counsel.

Obligation of the Company. To the maximum extent permitted by law, the Company hereby indemnifies and agrees to hold harmless the Executive from any and all costs or expenses incurred by him her on account of the fact that he she becomes a party, or is threatened to be made a party, to any pending, threatened or contemplated action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he she is, was or becomes a director, officer, employee or agent of the Company or of any parent or subsidiary of the Company. Such costs and expenses shall include, without limitation, expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him her in connection with any such action, suit or proceeding. To the maximum extent permitted by and subject to any requirements of law, costs and expenses incurred by the Executive in defending a civil or criminal action, suit or proceeding shall be paid by the Company as bills for such services are presented by the Executive to the Company. In any such matter, the Executive shall be entitled to select his her own legal counsel.