Common use of Service on the Board Clause in Contracts

Service on the Board. Indemnitee hereby agrees to continue to serve as a member of the Board of Directors. Indemnitee may, however, resign from such position at any time and for any reason or no reason. The Company’s obligation to indemnify Indemnitee as set forth in this Agreement shall continue in full force and effect notwithstanding any such termination of appointment or resignation.

Appears in 5 contracts

Samples: Indemnity Agreement (Interpool Inc), Indemnity Agreement (Interpool Inc), Indemnity Agreement (Interpool Inc)

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