Vested Rights; Specific Performance. No amendment to the articles of incorporation or bylaws of the Corporation or any other corporate action shall in any way limit the Executive's rights under this Agreement. In any proceeding brought by or on behalf of the Executive to specifically enforce the provisions of this Agreement, the Corporation hereby waives the claim or defense therein that the plaintiff or claimant has an adequate remedy at law, and the Corporation shall not urge in any such proceeding the claim or defense that such remedy at law exists. The provisions of this Section 12, however, shall not prevent the Executive from seeking a remedy at law in connection with any breach of this Agreement.
Appears in 2 contracts
Samples: Indemnification Agreement (Acsys Inc), Indemnification Agreement (Intercept Group Inc)
Vested Rights; Specific Performance. No amendment to the articles of incorporation or bylaws of the Corporation or any other corporate action shall in any way limit the Executive's ’s rights under this Agreement. In any proceeding brought by or on behalf of the Executive to specifically enforce the provisions of this Agreement, the Corporation hereby waives the claim or defense therein that the plaintiff or claimant has an adequate remedy at law, and the Corporation shall not urge in any such proceeding the claim or defense that such remedy at law exists. The provisions of this Section 1211, however, shall not prevent the Executive from seeking a remedy at law in connection with any breach of this Agreement.
Appears in 1 contract
Vested Rights; Specific Performance. No amendment to the articles of incorporation or bylaws of the Corporation or any other corporate action shall in any way limit the Executive's rights under this Agreement. In any proceeding brought by or on behalf of the Executive to specifically enforce the provisions of this Agreement, the Corporation hereby waives the claim or defense therein that the plaintiff or claimant has an adequate remedy at law, and the Corporation shall not urge in any such proceeding the claim or defense that such remedy at law exists. The provisions of this Section 12, however, shall not prevent the Executive from seeking a remedy at law in connection with any breach of this Agreement.The
Appears in 1 contract
Vested Rights; Specific Performance. No amendment to the articles of incorporation or bylaws of the Corporation or any other corporate action shall in any way limit the ExecutiveDirector's rights under this Agreement. In any proceeding brought by or on behalf of the Executive Director to specifically enforce the provisions of this Agreement, the Corporation hereby waives the claim or defense therein that the plaintiff or claimant has an adequate remedy at law, and the Corporation shall not urge in any such proceeding the claim or defense that such remedy at law exists. The provisions of this Section 1211, however, shall not prevent the Executive Director from seeking a remedy at law in connection with any breach of this Agreement.
Appears in 1 contract
Samples: Indemnification Agreement (Professional Transporation Group LTD)