Common use of Statutory Indemnification Clause in Contracts

Statutory Indemnification. The Company hereby agrees to indemnify and hold harmless Executive to the fullest extent permitted or required by the provisions of the laws of Florida and the laws of the state of Company's formation, if different from Florida and to cause any Affiliate to indemnify and hold harmless Executive to the fullest extent permitted or required by the laws of the State of Florida or the laws of its state of formation (if different from Florida) against any Liability or Expense incurred by Executive by reason of the fact that he is or was Serving in an Official Capacity. The Company agrees that such obligation shall be to the fullest extent required or permitted by any subsequent amendment to any of such provisions of the Florida Statutes or the laws of its state of formation (if different from Florida) or by the any other statutory provisions permitting or requiring such indemnification which are adopted after the date of this Agreement (but in the case of any amendment or subsequent statutory provisions, only to the extent that such amendment or provisions permit or require broader or more extensive indemnification rights than prior thereto).

Statutory Indemnification. The Company Corporation hereby agrees to indemnify and hold harmless Executive Director to the fullest extent permitted or required by the provisions of Chapter 607 of the Florida Statutes, as amended, or the laws of the state of incorporation of any successor to the Corporation, and to cause any Subsidiary to indemnify and hold harmless Director to the fullest extent permitted or required by the provisions of the laws of Florida and the laws its jurisdiction of the state of Company's formation, if different from Florida and to cause any Affiliate to indemnify and hold harmless Executive to the fullest extent permitted or required by the laws of the State of Florida or the laws of its state of formation (if different from Florida) incorporation against any Liability or Expense incurred by Executive Director by reason of the fact that he Director is or was Serving in an Official Capacity. The Company Corporation agrees that such obligation shall be to the fullest extent required or permitted by any subsequent amendment to any of such provisions of the Florida Statutes or the laws of its state of formation (if different from Florida) or by the any other applicable statutory provisions permitting or requiring such indemnification which are adopted after the date of this Agreement (but in the case of any amendment or subsequent statutory provisions, only to the extent that such amendment or provisions permit or require broader or more extensive indemnification rights than prior thereto).

Statutory Indemnification. The Company Corporation hereby agrees to indemnify and hold harmless Executive Officer to the fullest extent permitted or required by the provisions of Chapter 607 of the Florida Statutes, as amended, or the laws of the state of incorporation of any successor to the Corporation, and to cause any Subsidiary to indemnify and hold harmless Officer to the fullest extent permitted or required by the provisions of the laws of Florida and the laws its jurisdiction of the state of Company's formation, if different from Florida and to cause any Affiliate to indemnify and hold harmless Executive to the fullest extent permitted or required by the laws of the State of Florida or the laws of its state of formation (if different from Florida) incorporation against any Liability or Expense incurred by Executive Officer by reason of the fact that he Officer is or was Serving in an Official Capacity. The Company Corporation agrees that such obligation shall be to the fullest extent required or permitted by any subsequent amendment to any of such provisions of the Florida Statutes or the laws of its state of formation (if different from Florida) or by the any other applicable statutory provisions permitting or requiring such indemnification which are adopted after the date of this Agreement (but in the case of any amendment or subsequent statutory provisions, only to the extent that such amendment or provisions permit or require broader or more extensive indemnification rights than prior thereto).