Common use of Service on the Special Committee Clause in Contracts

Service on the Special Committee. Each Director hereby agrees to serve as a member of the Special Committee on the terms provided for herein so long as such appointment by the Board shall remain in effect. Each Director may, however, resign from such position at any time and for any reason. The Corporation’s obligation to indemnify each such Director as set forth in this Agreement shall continue in full force and effect notwithstanding any such termination of appointment or resignation.

Appears in 2 contracts

Samples: Compensation and Indemnification Agreement (Bruker Biosciences Corp), Compensation and Indemnification Agreement (Bruker Biosciences Corp)

AutoNDA by SimpleDocs

Service on the Special Committee. Each Director hereby agrees to serve as a member of the Special Committee on the terms provided for herein so long as such appointment by the Board of Directors shall remain in effect. Each Director may, however, resign from such position at any time and for any reason. The Corporation’s obligation to indemnify each such Director as set forth in contemplated by this Agreement shall continue in full force and effect notwithstanding any such termination of appointment or resignation.

Appears in 1 contract

Samples: Compensation and Indemnification Agreement (Ampal-American Israel Corp)

Service on the Special Committee. Each Director hereby agrees to serve as a member of the Special Committee on the terms provided for herein so long as such appointment by the Board shall remain in effect. Each Director may, however, resign from such position at any time and for any reason. The Corporation’s obligation reason and the Special Committee may dissolve by recommending such dissolution to indemnify each such Director as set forth in this Agreement shall continue in full force and effect notwithstanding any such termination of appointment or resignationthe Board.

Appears in 1 contract

Samples: Compensation Agreement (Usi Holdings Corp)

Service on the Special Committee. Each Director hereby agrees to serve as a member of the Special Committee on the terms provided for herein so long as such appointment by the Board shall remain in effect. Each Director may, however, resign from such position at any time and for any reasonreason and the Special Committee may dissolve by recommending such dissolution to the Board. The Corporation’s Company's obligation to indemnify each such Director as set forth in this Agreement shall continue in full force and effect notwithstanding any such termination of appointment appointment, resignation or resignationdissolution.

Appears in 1 contract

Samples: Compensation and Indemnification Agreement (Ocwen Asset Investment Corp)

AutoNDA by SimpleDocs

Service on the Special Committee. Each Director hereby agrees to serve as a member of the Special Committee on the terms provided for herein so long as such appointment by the Board of Directors shall remain in effect. Each Director may, however, resign from such position at any time and for any reasonreason and the Special Committee may dissolve by recommending such dissolution to the Board of Directors. The Corporation’s Company's obligation to indemnify each such Director as set forth in this Agreement shall continue in full force and effect notwithstanding any such termination of appointment appointment, resignation or resignationdissolution.

Appears in 1 contract

Samples: Compensation and Indemnification Agreement (800 Jr Cigar Inc)

Service on the Special Committee. Each Director hereby agrees to serve as a member of the Special Committee on the terms provided for herein so long as such appointment by the Board shall remain in effect. Each Director may, however, resign from such position at any time and for any reasonreason and the Special Committee may dissolve by recommending such dissolution to the Board. The Corporation’s Company's obligation to indemnify each such Director as set forth in this Agreement shall continue in full force and effect notwithstanding any such termination of appointment appointment, resignation or resignation.dissolution. NYFS01...:\01\47201\0035\0297\AGR5268R.030

Appears in 1 contract

Samples: Compensation and Indemnification Agreement (Isp Holdings Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!