Common use of Right of Indemnity Not Exclusive Clause in Contracts

Right of Indemnity Not Exclusive. The indemnification provided by this Article XIII shall not be deemed exclusive of any other rights to which those seeking indemnification may be entitled under any agreement, vote of Stockholders or disinterested directors or otherwise, both as to action in his or her official capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

Appears in 2 contracts

Samples: Operating Agreement (Upc Polska LLC), Operating Agreement (Upc Polska Inc)

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Right of Indemnity Not Exclusive. The provisions for indemnification provided by this Article XIII contained in the by-laws of the Corporation shall not be deemed exclusive of any other rights to which those any person seeking indemnification may be entitled under any agreement, vote of Stockholders shareholders or disinterested directors or otherwise, both as to action in his or her official capacity and as to action in another capacity while holding such officecapacity, and shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors heirs and administrators legal representatives of such a person.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Flexible Solutions International Inc), Brazalta Resources (Allis Chalmers Energy Inc.)

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