Common use of Right of Indemnitee to Appeal an Adverse Determination by Board Clause in Contracts

Right of Indemnitee to Appeal an Adverse Determination by Board. If a Determination is made by the Board or a committee thereof that the Indemnitee did not meet the applicable standard of conduct set forth in Section 1, 2 or 3 hereof, upon the written request of the Indemnitee and the Indemnitee's delivery of $500 to the Company, the Company shall cause a new Determination to be made by the Company's shareholders at the next regular or special meeting of shareholders. Subject to Section 8 hereof, such Determination by the Company's shareholders shall be binding and conclusive for all purposes of this Agreement.

Right of Indemnitee to Appeal an Adverse Determination by Board. If a Determination is made by the Board or a committee thereof that the Indemnitee did not meet the applicable standard of conduct set forth in Section 1, 2 or 3 hereof, upon the written request of the Indemnitee and the Indemnitee's delivery of $500 to the Company, the Company shall cause a new Determination to be made by the Company's shareholders stockholders at the next regular or special meeting of shareholdersstockholders. Subject to Section 8 hereof, such Determination by the Company's shareholders stockholders shall be binding and conclusive for all purposes of this Agreement.

Right of Indemnitee to Appeal an Adverse Determination by Board. If a Determination is made by the Board or a committee thereof that the Indemnitee did not meet the applicable standard of conduct requirements set forth in Section Sections 1, 2 2, 3 or 3 hereof, 4 hereof upon the written request of the Indemnitee and the Indemnitee's ’s delivery of $500 to the Company, the Company shall cause a new Determination to be made by the Company's ’s shareholders at the next regular or special meeting of shareholders. Subject to Section 8 9 hereof, such Determination by the Company's ’s shareholders shall be binding and conclusive for all purposes of this Agreement.

Right of Indemnitee to Appeal an Adverse Determination by Board. If a Determination is made by the Board or a committee thereof that the Indemnitee did not meet the applicable standard of conduct requirements set forth in Section Sections 1, 2 2, 3 or 3 hereof, 4 hereof upon the written request of the Indemnitee and the Indemnitee's delivery of $500 to the Company, the Company shall cause a new Determination to be made by the Company's shareholders at the next regular or special meeting of shareholders. Subject to Section 8 9 hereof, such Determination by the Company's shareholders shall be binding and conclusive for all purposes of this Agreement.

Right of Indemnitee to Appeal an Adverse Determination by Board. If a Determination is made by the Board or a committee thereof that the Indemnitee did not meet the applicable standard of conduct requirements set forth in Section 1, 2 2, 3 or 3 hereof, 4 hereof upon the written request of the Indemnitee and the Indemnitee's delivery of $500 to the CompanyCorporation, the Company Corporation shall cause a new Determination to be made by the CompanyCorporation's shareholders at the next regular or special meeting of shareholders. Subject to Section 8 9 hereof, such Determination by the CompanyCorporation's shareholders shall be binding and conclusive for all purposes of this Agreement.

Right of Indemnitee to Appeal an Adverse Determination by Board. If a Determination is made by the Board or a committee thereof that the Indemnitee did not meet the applicable standard of conduct set forth in Section 1, 2 or 3 1 hereof, upon the written request of the Indemnitee and the Indemnitee's delivery of $500 to the Company, the Company shall cause a new Determination to be made by the Company's shareholders at the next regular or special meeting of shareholders. Subject to Section 8 6 hereof, such Determination by the Company's shareholders shall be binding and conclusive for all purposes of this Agreement.