Common use of Shareholder Vote on Determination Clause in Contracts

Shareholder Vote on Determination. Notwithstanding the provisions of the Florida statutes, if the Indemnitee is a shareholder of the Company, the Indemnitee and any other shareholder who is a party to the proceeding for which indemnification or reimbursement is sought shall be entitled to vote on any Determination to be made by the Company’s shareholders, including a Determination made pursuant to Section 6.3 hereof. Ind addition, in connection with each meeting at which a shareholder Determination will be made, the Company shall solicit proxies that expressly include a proposal to indemnify or reimburse the Indemnitee. The Company proxy statement relating to the proposal to indemnify or reimburse the Indemnitee shall not include a recommendation against indemnification or reimbursement.

Appears in 2 contracts

Samples: Indemnification Agreement (21st Century Holding Co), Indemnification Agreement (21st Century Holding Co)

AutoNDA by SimpleDocs

Shareholder Vote on Determination. Notwithstanding the provisions of the Florida statutes, if the Indemnitee is a shareholder of the Company, the Indemnitee and any other shareholder who is a party to the proceeding for which indemnification or reimbursement is sought shall be entitled to vote on any Determination to be made by the Company’s 's shareholders, including a Determination made pursuant to Section 6.3 hereof. Ind addition, in connection with each meeting at which a shareholder Determination will be made, the Company shall solicit proxies that expressly include a proposal to indemnify or reimburse the Indemnitee. The Company proxy statement relating to the proposal to indemnify or reimburse the Indemnitee shall not include a recommendation against indemnification or reimbursement.

Appears in 1 contract

Samples: Indemnification Agreement (21st Century Holding Co)

Shareholder Vote on Determination. Notwithstanding the provisions of the Florida statutes, if the Indemnitee is a shareholder of the CompanyCorporation, the Indemnitee and any other shareholder who is a party to the proceeding for which indemnification or reimbursement is sought shall be entitled to vote on any Determination to be made by the Company’s Corporation's shareholders, including a Determination made pursuant to Section 6.3 hereof. Ind In addition, in connection with each meeting at which a shareholder Determination will be made, the Company Corporation shall solicit proxies that expressly include a proposal to indemnify or reimburse the Indemnitee. The Company Corporation proxy statement relating to the proposal to indemnify or reimburse the Indemnitee shall not include a recommendation against indemnification or reimbursement.

Appears in 1 contract

Samples: Indemnification Agreement (Netspeak Corp)

AutoNDA by SimpleDocs

Shareholder Vote on Determination. Notwithstanding the provisions of the Florida statutes, if the Indemnitee is a shareholder of the Company, the Indemnitee and any other shareholder who is a party to the proceeding for which indemnification or reimbursement is sought shall be entitled to vote on any Determination to be made by the Company’s 's shareholders, including a Determination made pursuant to Section 6.3 hereof. Ind In addition, in connection with each meeting at which a shareholder Determination will be made, the Company shall solicit proxies that expressly include a proposal to indemnify or reimburse the Indemnitee. The Company proxy statement relating to the proposal to indemnify or reimburse the Indemnitee shall not include a recommendation against indemnification or reimbursement.

Appears in 1 contract

Samples: Indemnification Agreement (21st Century Holding Co)

Time is Money Join Law Insider Premium to draft better contracts faster.