Common use of Persons Serving Other Entities Clause in Contracts

Persons Serving Other Entities. Any person who, while a director or officer of the Corporation, is or was serving (a) as a director, officer, employee or agent of another corporation of which a majority of the shares entitled to vote in the election of its directors is held by the Corporation or (b) as a partner, trustee or otherwise in an executive or management capacity in a partnership, joint venture, trust, employee benefit plan or other enterprise of which the Corporation or a majority owned subsidiary of the Corporation is a general partner or has a majority ownership, shall conclusively be deemed to be so serving at the request of the Corporation and entitled to indemnification and the advancement of expenses under Section 1 or 3 of this Article IX, respectively.

Appears in 2 contracts

Samples: ASTROTECH Corp, ASTROTECH Corp

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Persons Serving Other Entities. Any person who, while a director or officer of the Corporation, is or was serving (a) as a director, officer, employee or agent of another corporation of which a majority of the shares entitled to vote in the election of its directors is held by the Corporation or (b) as a partner, trustee or otherwise in an executive or management capacity in a partnership, joint venture, trust, employee benefit plan or other enterprise of which the Corporation or a majority owned subsidiary of the Corporation is a general partner or has a majority ownership, shall conclusively be deemed to be so serving at the request of the Corporation and entitled to indemnification and the advancement of expenses under Section 1 or 3 2 of this Article IX, respectively.

Appears in 1 contract

Samples: ASTROTECH Corp

Persons Serving Other Entities. Any person who, while a director director, officer or officer employee of the Corporationcorporation, is or was serving (a) as a director, officer, employee director or agent officer of another foreign or domestic corporation of which a majority of the shares entitled to vote in the election of its directors is held by the Corporation corporation or (b) as a partnertrustee, trustee partner or otherwise in an executive or management capacity in a partnership, joint venture, trust, employee benefit plan trust or other enterprise of which the Corporation corporation or a majority wholly owned subsidiary of the Corporation corporation is a general partner or has a majority ownership, ownership shall conclusively be deemed to be so serving at the request of the Corporation corporation and entitled to indemnification and the advancement of expenses under Section 1 or 3 of this Article IX, respectivelyArticle.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Zymogenetics Inc)

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Persons Serving Other Entities. Any person who, while a director Director or officer of the Corporationcorporation, is or was serving (a) as a directorDirector, officer, employee or agent of another corporation of which a majority of the shares entitled to vote in the election of its directors is held by the Corporation corporation or (b) as a partner, trustee or otherwise in an executive or management capacity in a partnership, joint venture, trust, employee benefit plan or other enterprise of which the Corporation corporation or a majority owned subsidiary of the Corporation corporation is a general partner or has a majority ownership, ownership shall conclusively be deemed to be so serving at the request of the Corporation corporation and entitled to indemnification and the advancement of expenses under Section 1 or 3 subsections 10.1 and 10.3 of this Article IX, respectivelySection.

Appears in 1 contract

Samples: Share Exchange Agreement (Anyox Resources Inc)

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