Common use of Selection of Independent Counsel Clause in Contracts

Selection of Independent Counsel. If the determination of entitlement to indemnification is to be made by independent counsel pursuant to Subsection (d) of this Section 1, the independent counsel shall be selected jointly by the Indemnitee and the Company. In the event the Indemnitee and the Company cannot agree on the selection of the independent counsel, either party may petition the Delaware Court of Chancery or other court of competent jurisdiction to resolve the issue or to make its own provisions for the selection of independent counsel. The Company shall pay any and all reasonable fees and expenses of the independent counsel incurred in connection with acting pursuant to Section 1(d) hereof, and the Company shall pay all reasonable fees and expenses incident to the procedures of this Subsection (e), regardless of the manner in which such independent counsel was selected or appointed.

Appears in 4 contracts

Samples: Indemnification Agreement (SMART Modular Technologies (DE), Inc.), Indemnification Agreement (SMART Modular Technologies (WWH), Inc.), Indemnification Agreement (SMART Modular Technologies (WWH), Inc.)

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Selection of Independent Counsel. If the determination that the indemnification of entitlement to indemnification Indemnitee is proper is to be made by independent counsel Independent Counsel pursuant to Subsection (d) of this Section 1, the independent counsel Independent Counsel shall be selected jointly by the Indemnitee and the Company. In the event the Indemnitee and the Company cannot agree on the selection of the independent counselIndependent Counsel, either party may petition the Delaware Court of Chancery or other court of competent jurisdiction to resolve the issue or to make its own provisions for the selection of independent counselIndependent Counsel. The Company shall pay any and all reasonable fees and expenses of the independent counsel Independent Counsel incurred in connection with acting pursuant to Section 1(d) hereof, and the Company shall pay all reasonable fees and expenses incident to the procedures of this Subsection (e), regardless of the manner in which such independent counsel Independent Counsel was selected or appointed.

Appears in 3 contracts

Samples: Indemnification Agreement (Kraton Performance Polymers, Inc.), Indemnification Agreement (Kraton Performance Polymers, Inc.), Indemnification Agreement (Kraton Polymers LLC)

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Selection of Independent Counsel. If the determination of entitlement to indemnification is to be made by independent counsel pursuant to Subsection (d) of this Section 1, the independent counsel shall be selected jointly by the Indemnitee and the Company. In the event the Indemnitee and the Company cannot agree on the selection of the independent counsel, either party may petition the Delaware Court of Chancery or other a court of competent jurisdiction to resolve the issue or to make its own provisions for the selection of independent counsel. The Company shall pay any and all reasonable fees and expenses of the independent counsel incurred in connection with acting pursuant to Section 1(d) hereof, and the Company shall pay all reasonable fees and expenses incident to the procedures of this Subsection (e), regardless of the manner in which such independent counsel was selected or appointed.

Appears in 1 contract

Samples: Indemnification Agreement (China Time Share Media Co. LTD)

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