Termination of an Action is Nonconclusive. The termination of any action, no matter by whom brought, by judgment, order, settlement, conviction, or upon a plea of no contest or its equivalent, shall not, of itself, create a presumption that the Indemnitee has not met the applicable standard of conduct set forth in Section A of Article V of this Trust.
Appears in 5 contracts
Samples: Shareholders’ Trust (Cap Rock Energy Corp), Shareholders’ Trust (Cap Rock Energy Corp), Shareholders’ Trust (Cap Rock Energy Corp)