Common use of Offset for Other Payments Clause in Contracts

Offset for Other Payments. State Auto’s obligation to indemnify or advance Expenses under this Agreement to the Executive Officer who is or was serving at the request of State Auto as a Corporate Fiduciary of another Enterprise shall be reduced by any amount the Executive Officer has actually received as indemnification or advancement of Expenses from such other Enterprise.

Appears in 5 contracts

Samples: Officer Indemnification Agreement (State Auto Financial CORP), Officer Indemnification Agreement (State Auto Financial CORP), Officer Indemnification Agreement (State Auto Financial CORP)

AutoNDA by SimpleDocs

Offset for Other Payments. State Auto’s obligation to indemnify or advance Expenses under this Agreement to the Executive Officer Director who is or was serving at the request of State Auto as a Corporate Fiduciary of another Enterprise shall be reduced by any amount the Executive Officer Director has actually received as indemnification or advancement of Expenses from such other Enterprise.

Appears in 4 contracts

Samples: Indemnification Agreement (State Auto Financial CORP), Indemnification Agreement (State Auto Financial CORP), Indemnification Agreement (State Auto Financial CORP)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!