PROCEEDINGS AGAINST COMPANY. Except as otherwise provided in this Agreement, the Executive Officer shall not be entitled to payment of Indemnifiable Amounts or advancement of Indemnifiable Expenses with respect to any Proceeding brought by the Executive Officer against the Company, any entity which it controls, any director or officer thereof, or any third party, unless the Company has consented to the initiation of such Proceeding. This clause shall not apply to counterclaims or affirmative defenses asserted by the Executive Officer in an action brought against the Executive Officer.
Appears in 13 contracts
Samples: Employment Agreement (Pyro AI Inc.), Employment Agreement (J-Star Holding Co., Ltd.), Employment Agreement (E I L Holdings LTD)
PROCEEDINGS AGAINST COMPANY. Except as otherwise provided in this Agreement, the Executive Officer shall not be entitled to payment of Indemnifiable Amounts or advancement of Indemnifiable Expenses with respect to any Proceeding brought by the Executive Officer against the Company, any entity which it controls, any director or officer thereof, or any third party, unless the Company has consented to the initiation of such Proceeding. This clause shall not apply to counterclaims or affirmative defenses defences asserted by the Executive Officer in an action brought against the Executive Officer.
Appears in 2 contracts
Samples: Employment Agreement (GrowHub LTD), Employment Agreement (Orangekloud Technology Inc.)
