Right of Indemnity Not Exclusive. The provisions for indemnification contained in the bylaws of the Corporation shall not be deemed exclusive of any other rights to which those seeking indemnification may be entitled under any by-law, agreement, vote of shareholders or disinterested directors or otherwise, both as to action in his 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 director, officer, employee or agent and shall ensure to the benefit of the heirs, executors and administrators of such a person.
Appears in 2 contracts
Samples: Investment Agreement (DiaMedica Therapeutics Inc.), Investment Agreement (DiaMedica Therapeutics Inc.)
Right of Indemnity Not Exclusive. The provisions for indemnification contained in the bylaws 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 by-law, agreement, vote of shareholders or disinterested directors or otherwise, both as to action in his 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 ensure inure to the benefit of the heirs, executors heirs and administrators legal representatives of such a person.
Appears in 2 contracts
Samples: Merger Agreement (Flexible Solutions International Inc), Option to Purchase and Governance Agreement (Allis Chalmers Energy Inc.)
Right of Indemnity Not Exclusive. The provisions for indemnification contained in the bylaws by-laws of the Corporation shall will not be deemed exclusive of any other rights to which those any person seeking indemnification may be entitled under any by-law, agreement, vote of 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 will continue as to a person who has ceased to be a director, officer, employee or agent and shall ensure will inure to the benefit of the heirs, executors that person's heirs and administrators of such a personlegal representatives.
Appears in 1 contract