Scope of ARTICLE EIGHT Clause Samples
The "Scope of ARTICLE EIGHT" clause defines the specific subject matter and boundaries covered by Article Eight of the agreement. It clarifies which rights, obligations, or processes are governed by this article, such as outlining the types of transactions, parties, or activities included within its purview. By clearly delineating what is and is not addressed in Article Eight, this clause ensures that all parties understand the extent of its application, thereby preventing misunderstandings and disputes regarding its reach.
Scope of ARTICLE EIGHT. The rights conferred in this ARTICLE EIGHT shall not be exclusive of any other right that any person may have or hereafter acquire under any statute, provision of this Certificate of Incorporation, any certificate of designations, the Bylaws, any agreement, vote of stockholders or Disinterested Directors, or otherwise, both as to action in an official capacity and as to action in another capacity while holding such office or while employed by or acting as agent for the Corporation. The rights provided by or granted pursuant to this ARTICLE EIGHT shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director or officer and shall inure to the benefit of the heirs, executors and administrators of such person.