Common use of Officer and Director Indemnification Clause in Contracts

Officer and Director Indemnification. Parent and Purchaser agree to include and maintain provisions in the Certificate of Incorporation and Bylaws of the Surviving Corporation which provide indemnification for the directors and officers of the Company immediately prior to the Effective Time to the maximum extent provided by such documents and applicable corporate law and to indemnify such directors and officers to the maximum extent provided by applicable corporate law. In addition, Parent and Purchaser shall include such persons as additional insureds under Parent's Director and Officer Insurance Policy if they can do so without substantial additional cost.

Officer and Director Indemnification. Parent and Purchaser agree to include and maintain provisions in the Certificate of Incorporation and Bylaws of the Surviving Corporation which provide indemnification for the directors and officers of the Company and Subsidiaries immediately prior to the Effective Time to the maximum extent provided by such documents and applicable corporate law and to indemnify such directors and officers to the maximum extent provided by applicable corporate law. In addition, Parent and Purchaser shall include such persons as additional insureds under Parent's Director and Officer Insurance Policy if they can do so without substantial additional cost.