Release from Directors’ Liability Sample Clauses

Release from Directors’ Liability. (a) Immediately following Closing on the Closing Date, the Acquiror shall attend a general shareholders’ meeting of the Company and the Transferred Subsidiary (or pass unanimous written shareholders’ resolutions of the Company and the Transferred Subsidiary) to acknowledge the resignation of the Resigning Directors from their mandate as director (zaakvoerder / gérant) and, as the case may be, director (bestuurder / administrateur) and to vote in favor of a resolution releasing the Resigning Directors from liability (kwijting / décharge) for the performance of their duties with respect to the exercise of such mandate within the Company and/or the Transferred Subsidiary during the current and previous fiscal years (to the extent such release (kwijting / décharge) has not yet been granted for such years) up to and including the Closing Date. (b) The Acquiror will cause and ensure that neither it nor any of its Affiliates will initiate any legal action against any of the Resigning Directors on any grounds related to the exercise of their respective mandates within the Company prior to their resignation or otherwise.
Sample 1
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Release from Directors’ Liability. The Purchaser and UBS AG hereby undertake in their capacity as shareholders of the Company to release the Seller's representatives on the board of directors of the Company from their directors' liability ("Erteilen der Decharge") at the next ordinary shareholders' meeting of the Company.
Sample 1

Related to Release from Directors’ Liability

  • Release from Liability Contractor generally releases from liability and waives all claims against any party providing information about the Contractor at the request of System Agency.

  • Compensation and Employers Liability Insurance a. Statutory California Workers' Compensation coverage including broad form all-states coverage. b. Employer's Liability coverage for not less than one million dollars ($1,000,000) per occurrence.

  • ’ Compensation and Employer’s Liability Workers’ Compensation limits as required by the Labor Code of the State of California. Employer’s Liability limits of $1,000,000 per accident for bodily injury or disease.

  • ’ Compensation and Employer’s Liability Coverage The Grantee shall provide workers’ compensation, in accordance with Chapter 440, F.S. and employer liability coverage with minimum limits of $100,000 per accident, $100,000 per person, and $500,000 policy aggregate. Such policies shall cover all employees engaged in any work under the Grant.

  • LIMITATION OF CONTRACTOR’S LIABILITY Except as specified in any separate writing between the Contractor and an END USER, Contractor’s total liability under this Agreement, whether for breach of contract, warranty, negligence, strict liability, in tort or otherwise, but excluding its obligation to indemnify H-GAC, is limited to the price of the particular products/services sold hereunder, and Contractor agrees either to refund the purchase price or to repair or replace product(s) that are not as warranted. In no event will Contractor be liable for any loss of use, loss of time, inconvenience, commercial loss, loss of profits or savings or other incidental, special or consequential damages to the full extent such use may be disclaimed by law. Contractor understands and agrees that it shall be liable to repay and shall repay upon demand to END USER any amounts determined by H-GAC, its independent auditors, or any agency of State or Federal government to have been paid in violation of the terms of this Agreement.

  • Release from Contract An employee under contract shall be released from the obligations of the contract upon request under the following conditions:

  • Contractor’s Liability By requiring insurance, the State and DCYF do not represent that the coverage and limits specified will be adequate to protect Contractor. Such coverage and limits shall not limit Contractor’s liability under the terms and conditions of this Contract.

  • ' Compensation & Employer's Liability The Service Provider shall maintain during the life of this Agreement for all of the Service Provider's employees engaged in work performed under this agreement:

  • Workers’ Compensation and Employer’s Liability (i) Workers’ Compensation insurance indicating compliance with any applicable labor codes, acts, Laws or statutes, state or federal, where Seller performs Work. (ii) Employers’ Liability insurance shall not be less than one million dollars ($1,000,000.00) for injury or death occurring as a result of each accident.

  • Advisor’s Liability The Advisor shall have responsibility for the accuracy and completeness (and liability for the lack thereof) of the statements in each Fund’s offering materials (including the prospectus, the statement of additional information, and advertising and sales materials), except for information supplied by the co-administrators or the Trust or another third party for inclusion therein. The Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by Advisor or by the Trust in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or a loss resulting from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its duties under this Agreement.

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