Common use of Scope of Indemnity Clause in Contracts

Scope of Indemnity. The actions, suits and proceedings described in SECTIONS 1, 2 and 3 hereof shall include, for purposes of this Agreement, any actions that involve, directly or indirectly, activities of the Director both in his official capacities as a Company director and actions taken in another capacity while a director, including, but not limited to, actions or proceedings involving (i) compensation paid to the Director by the Company, (ii) activities by the Director on behalf of the Company, including actions in which the Director is plaintiff, (iii) actions alleging a misappropriation of a "corporate opportunity," (iv) responses to a takeover attempt or threatened takeover attempt of the Company, (v) transactions by the Director in Company securities, (vi) the Director's preparation for and appearance (or potential appearance) as a witness in any proceeding relating, directly or indirectly, to the Company and (vii) any actions against the Director related to the employees of the Company.

Appears in 9 contracts

Samples: Preferred Stock Purchase Agreement (Texoil Inc /Nv/), Indemnification Agreement (Texoil Inc /Nv/), Indemnification Agreement (Texoil Inc /Nv/)

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Scope of Indemnity. The actions, suits and proceedings described in SECTIONS 1, Sections 1 and 2 and 3 hereof shall include, for purposes of this Agreement, any actions that involve, directly or indirectly, activities of the Director Executive both in his official capacities as a Company director or officer and actions taken in another capacity while a directorserving as director or officer, including, but not limited to, actions or proceedings involving (i) compensation paid to the Director Executive by the Company, (ii) activities by the Director Executive on behalf of the Company, including actions in which the Director Executive is plaintiff, (iii) actions alleging a misappropriation of a "corporate opportunity," (iv) responses to a takeover attempt or threatened takeover attempt of the Company, (v) transactions by the Director Executive in Company securities, and (vi) the DirectorExecutive's preparation for and appearance (or potential appearance) as a witness in any proceeding relating, directly or indirectly, to the Company. In addition, the Company and (vii) any actions against the Director related to the employees agrees that, for purposes of the Company.this

Appears in 1 contract

Samples: Indemnification Agreement (Onlinetradinginc Com Corp)

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