Common use of Subsequent Legislation Clause in Contracts

Subsequent Legislation. If the Act is amended after adoption of this Agreement (i) to expand further the indemnification permitted to directors or officers, then the Corporation shall indemnify Indemnitee to the fullest extent permitted by the Act, as so amended or (ii) to limit the indemnification permitted to directors or officers, then the Corporation shall indemnify Indemnitee to the fullest extent permitted under this Agreement and applicable law as if such limitation shall not have been enacted.

Appears in 4 contracts

Samples: Indemnification Agreement (Gas Natural Inc.), Indemnification Agreement (Gaiam, Inc), Indemnification Agreement (Gaiam, Inc)

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