Common use of REIMBURSEMENT OF EXPENSES FOLLOWING ADJUDICATION OF NEGLIGENCE Clause in Contracts

REIMBURSEMENT OF EXPENSES FOLLOWING ADJUDICATION OF NEGLIGENCE. The Company shall reimburse the Indemnitee for any expenses (including attorneys' fees) and amounts actually and reasonably incurred or paid by him in connection with the investigation, defense, settlement or appeal of any action or suit described in Section 2 hereof that results in an adjudication that the Indemnitee was liable for negligence, gross negligence or recklessness (but not willful misconduct) in the performance of his duty to the Company; provided, however, that the Indemnitee acted in good faith and in a manner he believed to be in the best interests of the Company.

Appears in 5 contracts

Samples: Indemnification Agreement (Compass Plastics & Technologies Inc), Indemnification Agreement (Rexx Environmental Corp), Indemnification Agreement (Metalogics Inc)

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REIMBURSEMENT OF EXPENSES FOLLOWING ADJUDICATION OF NEGLIGENCE. The Company shall reimburse the Indemnitee for any expenses (including attorneys' feesand other professionals' fees and costs) and amounts paid in settlement actually and reasonably incurred or paid by him in connection with the investigation, defense, settlement or appeal of any action or suit described in Section 2 hereof that results in an adjudication that the Indemnitee was liable for negligence, gross negligence or recklessness (but not willful misconduct) in the performance of his her duty to the Company; provided, however, that the Indemnitee acted in good faith and in a manner he believed to be in the best interests of the Company.

Appears in 4 contracts

Samples: Indemnification Agreement (Health & Nutrition Systems International Inc), Indemnification Agreement (Health & Nutrition Systems International Inc), Indemnification Agreement (Health & Nutrition Systems International Inc)

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REIMBURSEMENT OF EXPENSES FOLLOWING ADJUDICATION OF NEGLIGENCE. The To the fullest extent permitted by applicable law, the Company shall reimburse the Indemnitee for any expenses Expenses (including attorneys' fees) and amounts actually and reasonably incurred or paid by him in connection with the investigation, defense, settlement or appeal of any action or suit described in Section 2 1(a) hereof that results in an adjudication that the Indemnitee was liable for negligence, gross negligence or recklessness (but not willful misconduct) in the performance of his duty to the Company; provided, however, that the Indemnitee acted in good faith and in a manner he believed to be in the best interests of the Company.

Appears in 2 contracts

Samples: Indemnification Agreement (Epoch Holding Corp), Indemnification Agreement (J Net Enterprises Inc)

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