Common use of WHEREAS Clause in Contracts

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;

Appears in 1728 contracts

Samples: Indemnity Agreement (Range Capital Acquisition Corp.), Indemnification Agreement (Mountain Lake Acquisition Corp.), Indemnification Agreement (Channel Therapeutics Corp)

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WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 308 contracts

Samples: Indemnification Agreement (FG Holdings LTD), Indemnification Agreement (Kandal M Venture LTD), Indemnification Agreement (Camp4 Therapeutics Corp)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 239 contracts

Samples: Indemnification Agreement (ProFrac Holding Corp.), Indemnification Agreement (Ranger Energy Services, Inc.), Indemnification Agreement (Ranger Energy Services, Inc.)

WHEREAS. highly Highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;

Appears in 227 contracts

Samples: Indemnification Agreement (ASPAC III Acquisition Corp.), Indemnification Agreement (Flag Fish Acquisition Corp), Indemnification Agreement (SPAC III Acquisition Corp.)

WHEREAS. highly Highly competent persons have become more reluctant to serve publicly-held corporations companies as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationscompanies;

Appears in 186 contracts

Samples: Indemnification & Liability (Jackson Acquisition Co II), Indemnification Agreement (GP-Act III Acquisition Corp.), Indemnification Agreement (GP-Act III Acquisition Corp.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 151 contracts

Samples: Indemnification Agreement (Akoustis Technologies, Inc.), Indemnification Agreement (Inhibrx Biosciences, Inc.), Indemnification Agreement (Talos Energy Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 137 contracts

Samples: Indemnification Agreement (Synergy CHC Corp.), Indemnification Agreement (Fractyl Health, Inc.), Indemnification Agreement (CorMedix Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 127 contracts

Samples: Indemnification Agreement (Infinity Natural Resources, Inc.), Indemnification Agreement (Hornbeck Offshore Services Inc /La), Indemnification Agreement (Solera Corp.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations companies as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationscompanies;

Appears in 119 contracts

Samples: Indemnification Agreement (Artius II Acquisition Inc.), Indemnification Agreement (Bleichroeder Acquisition Corp. I), Indemnification Agreement (K&f Growth Acquisition Corp. Ii)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held companies and corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such companies and corporations;

Appears in 114 contracts

Samples: Indemnification Agreement (AEI CapForce II Investment Corp), Indemnification & Liability (Future Vision II Acquisition Corp.), Indemnification & Liability (EQV Ventures Acquisition Corp.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation.

Appears in 81 contracts

Samples: Indemnity Agreement (Six Flags Entertainment Corporation/New), Indemnity Agreement (GEE Group Inc.), Indemnification Agreement (Pzena Investment Management, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held companies and corporations as directors, officers officers, advisors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to to, and activities on behalf of of, such companies and corporations;

Appears in 68 contracts

Samples: Indemnity Agreement (Andretti Acquisition Corp.), Indemnification Agreement (Andretti Acquisition Corp.), Indemnification Agreement (Andretti Acquisition Corp.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 63 contracts

Samples: Indemnification Agreement (Sitio Royalties Corp.), Indemnification Agreement (MN8 Energy, Inc.), Indemnification Agreement (MN8 Energy, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-publicly held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;.

Appears in 61 contracts

Samples: Indemnity Agreement (Quetta Acquisition Corp), Indemnification Agreement (Quetta Acquisition Corp), Indemnification Agreement (Oak Woods Acquisition Corp)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;.

Appears in 60 contracts

Samples: Indemnification Agreement (Nubia Brand International Corp.), Indemnification Agreement (Ault Disruptive Technologies Corp), Indemnification Agreement (Arisz Acquisition Corp.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held companies and corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe company;

Appears in 55 contracts

Samples: Indemnification Agreement (Global Technology Acquisition Corp. I), Indemnification Agreement (Prospect Energy Holdings Corp.), Indemnity Agreement (Zura Bio LTD)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors and officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 49 contracts

Samples: Indemnification Agreement (ContextLogic Inc.), Indemnification Agreement (Silvaco Group, Inc.), Indemnification Agreement (Embark Technology, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 48 contracts

Samples: Indemnification Agreement (Ev Transportation Services, Inc.), Indemnification Agreement (Verve Therapeutics, Inc.), Indemnification Agreement (Werewolf Therapeutics, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;.

Appears in 40 contracts

Samples: Indemnification Agreement (Kimbell Tiger Acquisition Corp), Indemnification Agreement (Kimbell Tiger Acquisition Corp), Indemnification Agreement (Beard Energy Transition Acquisition Corp.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-publicly held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;

Appears in 38 contracts

Samples: Indemnity Agreement (Black Hawk Acquisition Corp), Investment Agreement (KORE Group Holdings, Inc.), Indemnity Agreement (Alpha Healthcare Acquisition Corp Iii)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation; and

Appears in 34 contracts

Samples: Indemnification Agreement, Indemnification Agreement (Lydall Inc /De/), Indemnification Agreement (Colgate Palmolive Co)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held publicly‑held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;

Appears in 33 contracts

Samples: Indemnification Agreement (East Resources Acquisition Co), Indemnification Agreement (East Resources Acquisition Co), Indemnification & Liability (East Resources Acquisition Co)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held companies or company or corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such companies or corporations;

Appears in 31 contracts

Samples: Indemnification Agreement (Catcha Investment Corp), Indemnification Agreement (Ledger Acquisition Co), Indemnification Agreement (AP Acquisition Corp)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;

Appears in 30 contracts

Samples: Indemnification Agreement (Newbury Street II Acquisition Corp), Indemnification Agreement (Newbury Street II Acquisition Corp), Indemnification Agreement (Churchill Capital Corp IX/Cayman)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers and/or directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;; and

Appears in 29 contracts

Samples: Indemnification Agreement (Eucrates Biomedical Acquisition Corp.), Indemnification Agreement (Eucrates Biomedical Acquisition Corp.), Indemnification Agreement (Eucrates Biomedical Acquisition Corp.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors or executive officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation.

Appears in 27 contracts

Samples: Indemnification Agreement (YXT.COM GROUP HOLDING LTD), Indemnification Agreement (XCHG LTD), Indemnification Agreement (ZEEKR Intelligent Technology Holding LTD)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as [directors, officers ] [officers] or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 26 contracts

Samples: Indemnification Agreement (Coursera, Inc.), Indemnification Agreement (Novan, Inc.), Series a Preferred Stock Purchase Agreement (Gi Dynamics, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held companies or corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such companies or corporations;

Appears in 24 contracts

Samples: Indemnification & Liability (LDH Growth Corp I), Indemnification Agreement (LDH Growth Corp I), Indemnification Agreement (LDH Growth Corp I)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as [directors, officers ] [officers] or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 22 contracts

Samples: Indemnification Agreement (Idera Pharmaceuticals, Inc.), Indemnification Agreement (Spring Bank Pharmaceuticals, Inc.), Indemnification Agreement (Iberdrola USA, Inc.)

WHEREAS. highly Highly competent persons have become more reluctant to serve publicly-held companies or corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such companies or corporations;

Appears in 22 contracts

Samples: Indemnification & Liability (Cantor Equity Partners I, Inc.), Indemnification Agreement (Cohen Circle Acquisition Corp. I), Indemnification Agreement (Cohen Circle Acquisition Corp. I)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers officers, or in other capacities unless they are provided with adequate protection through insurance or and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 22 contracts

Samples: Indemnification Agreement (Dougherty's Pharmacy, Inc.), Indemnification Agreement (Rice Energy Inc.), Indemnification Agreement (Teladoc, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors and/or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 21 contracts

Samples: Indemnification Agreement (GCT Semiconductor Holding, Inc.), Indemnification Agreement (Gain Therapeutics, Inc.), Indemnification Agreement (Gain Therapeutics, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-publicly held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 20 contracts

Samples: Indemnification Agreement (JFB Construction Holdings), Financial Advisory Services Agreement (Vocodia Holdings Corp), Indemnification Agreement (Syra Health Corp)

WHEREAS. highly competent and experienced persons have become more are becoming increasingly reluctant to serve publicly-held corporations as directors, officers officers, or in other capacities unless they are provided with adequate protection through liability insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 20 contracts

Samples: Indemnification Agreement (Healthy Choice Wellness Corp.), Indemnification Agreement (Vado Corp.), Indemnification Agreement (Vado Corp.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;corporations;

Appears in 19 contracts

Samples: Indemnification Agreement (Black Spade Acquisition II Co), Indemnity Agreement (Black Spade Acquisition II Co), Indemnity Agreement (Black Spade Acquisition II Co)

WHEREAS. highly competent persons have become more reluctant to serve publicly-publicly held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation.

Appears in 19 contracts

Samples: Annual Report, Indemnification Agreement (Carpenter Technology Corp), Indemnity Agreement (Carriage Services Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation.

Appears in 19 contracts

Samples: Indemnification Agreement (Blue Bird Corp), Indemnity Agreement (Blue Bird Corp), Purchase Agreement (Hennessy Capital Acquisition Corp.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-publicly held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;

Appears in 19 contracts

Samples: Indemnification Agreement (Enviva Inc.), Indemnification Agreement (RF Acquisition Corp.), Indemnification Agreement (REV Renewables, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as managers, directors, officers or in other capacities unless they are provided with adequate protection through insurance or and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe business enterprise;

Appears in 18 contracts

Samples: Indemnification Agreement (Nesco Holdings, Inc.), Indemnification Agreement (Sunnova Energy International Inc.), Indemnification Agreement (Sunnova Energy International Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 17 contracts

Samples: Indemnification Agreement (Oramed Pharmaceuticals Inc.), Indemnification Agreement (Oramed Pharmaceuticals Inc.), Indemnification Agreement (Oramed Pharmaceuticals Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 17 contracts

Samples: Indemnification Agreement, Indemnification Agreement (CrowdStrike Holdings, Inc.), Indemnification Agreement (CrowdStrike Holdings, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-publicly held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 17 contracts

Samples: Indemnification Agreement (Synacor, Inc.), Indemnification Agreement (FusionStorm Global, Inc.), Indemnification Agreement (Kior Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the corporation and due to the fact that such corporationsexposure frequently bears no relationship to compensation paid to such officers and directors;

Appears in 17 contracts

Samples: Indemnification Agreement (Virpax Pharmaceuticals, Inc.), Indemnification Agreement (Repro Med Systems Inc), Indemnification Agreement (Dermata Therapeutics, Inc.)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-publicly held corporations as directors, officers or in other capacities directors unless they are provided with adequate protection through insurance or adequate and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation; and

Appears in 16 contracts

Samples: Indemnification Agreement (C&d Technologies Inc), Indemnification Agreement (C&d Technologies Inc), Indemnification Agreement (C&d Technologies Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, executive officers or in other capacities unless they are provided provided, with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to to, and activities on behalf of such corporationsof, the corporation;

Appears in 16 contracts

Samples: Indemnification Agreement (Petroquest Energy Inc), Indemnification Agreement (Petroquest Energy Inc), Indemnification Agreement (Petroquest Energy Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors and officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 16 contracts

Samples: Indemnification Agreement (Linkhome Holdings Inc.), Indemnification Agreement (Inno Holdings Inc.), Indemnification Agreement (CBTX, Inc.)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation; and,

Appears in 16 contracts

Samples: Indemnification Agreement (BNS Co), Indemnification Agreement (Brown & Sharpe Manufacturing Co /De/), Indemnification Agreement (Brown & Sharpe Manufacturing Co /De/)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations companies as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationscompanies;

Appears in 15 contracts

Samples: Indemnification Agreement (Social Capital Suvretta Holdings Corp. I), Indemnification Agreement (Social Capital Suvretta Holdings Corp. IV), Indemnification Agreement (Social Capital Suvretta Holdings Corp. II)

WHEREAS. highly skilled and competent persons have become are becoming more reluctant to serve publicly-held corporations public companies as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationscompanies;

Appears in 15 contracts

Samples: Indemnification Agreement (TCP International Holdings Ltd.), Indemnification Agreement (TCP International Holdings Ltd.), Non Executive Director Service Agreement (Greenwich Kahala Aviation Ltd.)

WHEREAS. highly Highly competent persons have become more reluctant to serve publicly-held companies and corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such companies and corporations;

Appears in 15 contracts

Samples: Indemnification Agreement (UK Wisdom LTD), Indemnity Agreement (RMG Acquisition Corp. V), Indemnity Agreement (RMG Acquisition Corp. VI)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities directors unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 14 contracts

Samples: Indemnification Agreement, Indemnification Agreement (Hhgregg, Inc.), Indemnification Agreement (Stocosil Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;.

Appears in 14 contracts

Samples: Indemnification Agreement (SC Health Corp), Indemnification Agreement (SC Health Corp), Indemnification Agreement (SC Health Corp)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 14 contracts

Samples: Indemnification Agreement (Hydrofarm Holdings Group, Inc.), Director Indemnification Agreement (KLDiscovery Inc.), Indemnification Agreement (CoreSite Realty Corp)

WHEREAS. highly competent persons have become more are reluctant to serve publicly-held corporations a corporation as directors, officers a director or in other capacities another capacity unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;

Appears in 13 contracts

Samples: Indemnification Agreement (Sucampo Pharmaceuticals, Inc.), Indemnification Agreement (Sucampo Pharmaceuticals, Inc.), Indemnification Agreement (Sucampo Pharmaceuticals, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;; and

Appears in 13 contracts

Samples: Indemnification Agreement (Neurotrope, Inc.), Indemnity Agreement (COMMITTED CAPITAL ACQUISITION Corp II), Indemnity Agreement (COMMITTED CAPITAL ACQUISITION Corp II)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe entity at which they serve;

Appears in 13 contracts

Samples: Indemnification Agreement (Cactus, Inc.), Indemnification Agreement (Cactus, Inc.), Indemnification Agreement (Cactus, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 12 contracts

Samples: Indemnification Agreement (BioHorizons, Inc.), Indemnification Agreement (Orexigen Therapeutics, Inc.), Indemnification Agreement (Viasat Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation.

Appears in 11 contracts

Samples: Indemnification Agreement (Amer Sports, Inc.), Indemnification Agreement, Indemnification Agreement (Citizens Financial Group Inc/Ri)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-held corporations as directors, directors or executive officers or in other capacities unless they are provided with adequate reasonable protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such the corporations;.

Appears in 11 contracts

Samples: Executive Employment Agreement (Essendant Inc), Executive Employment Agreement (Essendant Inc), Executive Employment Agreement (Essendant Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 11 contracts

Samples: Indemnification Agreement (MainStreet Bancshares, Inc.), Indemnification Agreement (FGI Industries Ltd.), Indemnification Agreement (Eco Science Solutions, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the Company; and

Appears in 11 contracts

Samples: Indemnification Agreement (Scient Inc), Indemnity Agreement (Ixl Enterprises Inc), Indemnity Agreement (Scient Inc)

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WHEREAS. highly competent persons recently have become more reluctant to serve publicly-held corporations as directors, officers officers, or in other capacities of publicly held corporations and other corporations that have non-employee investors among their stockholders or conduct operations in regulated industries unless they are provided with adequate better protection through insurance or adequate indemnification against inordinate risks from the risk of claims and actions against them arising out of their service services to and activities on behalf of such corporations;corporation; and

Appears in 11 contracts

Samples: Indemnification Agreement (Chicken Soup for the Soul Entertainment, Inc.), Indemnification Agreement (PAVmed Inc.), Indemnification Agreement (Long Island Iced Tea Corp.)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-held corporations as directors, officers executive officers, or in other capacities unless they are provided with adequate protection through insurance or adequate and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation; and

Appears in 10 contracts

Samples: Indemnification Agreement (Jordan Industries Inc), Indemnification Agreement (Gfsi Inc), Indemnification Agreement (Motors & Gears Inc)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-held corporations as directors, officers or in other capacities and directors unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;

Appears in 10 contracts

Samples: Indemnification Agreement (Syntellect Inc), Indemnification Agreement (Syntellect Inc), Indemnification Agreement (Syntellect Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations and companies as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationscorporations and companies;

Appears in 10 contracts

Samples: Indemnification Agreement (Fortress Capital Acquisition Corp), Indemnification Agreement (Genesis Growth Tech Acquisition Corp.), Indemnification Agreement (COVA Acquisition Corp.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held service corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 10 contracts

Samples: Deed of Indemnity (Edwards Group LTD), Deed of Indemnity (Edwards Group LTD), Deed of Indemnity (Edwards Group LTD)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or and/or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation.

Appears in 10 contracts

Samples: Indemnification Agreement (Marketaxess Holdings Inc), Indemnification Agreement (Maidenform Brands, Inc.), Indemnification Agreement (Ann Inc.)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to to, and activities on behalf of such corporationsof, the corporation;

Appears in 10 contracts

Samples: Indemnification Agreement (Closure Medical Corp), Employment Agreement (Thermo Fisher Scientific Inc.), Indemnification Agreement (Onix Systems Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 10 contracts

Samples: Indemnification Agreement (Sterling Check Corp.), Indemnification Agreement (International Money Express, Inc.), Indemnification Agreement (International Money Express, Inc.)

WHEREAS. highly competent and experienced persons have become more are becoming increasingly reluctant to serve publicly-held corporations as directors, directors and/or officers or in other fiduciary capacities at the request of their companies unless they are provided with adequate protection through liability insurance or and adequate company indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation; and

Appears in 10 contracts

Samples: Indemnification Agreement (Titan Machinery Inc.), Indemnification Agreement (Kips Bay Medical, Inc.), Indemnification Agreement (Kips Bay Medical, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-publicly held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 9 contracts

Samples: Indemnification Agreement (Pricesmart Inc), Indemnification Agreement (Tetraphase Pharmaceuticals Inc), Indemnification Agreement (Ryerson Inc.)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-held corporations as directors, directors or as officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to to, and activities on behalf of of, such corporations;; and

Appears in 8 contracts

Samples: Indemnification Agreement (Griffon Corp), Indemnification Agreement (Nu Horizons Electronics Corp), Indemnification Agreement (Nu Horizons Electronics Corp)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to to, and activities on behalf of of, such corporations;; and

Appears in 8 contracts

Samples: Indemnification Agreement (Rohn Industries Inc), Indemnification Agreement (Rohn Industries Inc), Indemnification Agreement (Rohn Industries Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers and/or directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;

Appears in 7 contracts

Samples: Indemnity Agreement (Kismet Acquisition Three Corp.), Indemnification Agreement (Kismet Acquisition Two Corp.), Indemnity Agreement (Kismet Acquisition Two Corp.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to to, and activities on behalf of of, the corporation; this is because such corporations;persons in service to corporations are being increasingly subjected to expensive and time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the corporation or business enterprise itself; and

Appears in 7 contracts

Samples: Indemnification Agreement (Intertan Inc), Indemnification Agreement (Intertan Inc), Indemnification Agreement (Intertan Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 7 contracts

Samples: Indemnification Agreement (NCL CORP Ltd.), Indemnification Agreement (Norwegian Cruise Line Holdings Ltd.), Indemnification Agreement (CAESARS ENTERTAINMENT Corp)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directorsofficers, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 7 contracts

Samples: Indemnification Agreement (Creative Realities, Inc.), Indemnification Agreement (Legend Biotech Corp), Indemnification Agreement (Urovant Sciences Ltd.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation.

Appears in 7 contracts

Samples: Indemnification Agreement (Acutus Medical, Inc.), Indemnification Agreement (AssetMark Financial Holdings, Inc.), Indemnification Agreement (AssetMark Financial Holdings, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation; and

Appears in 7 contracts

Samples: Indemnification Agreement (Camp Nine, Inc.), Indemnification Agreement (Agile Therapeutics Inc), Indemnification Agreement (Celator Pharmaceuticals Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-publicly held corporations as directors, directors or executive officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation.

Appears in 7 contracts

Samples: Indemnification Agreement (Galaxy Digital Holdings Ltd.), Indemnification Agreement (Claire's Holdings LLC), Indemnification Agreement (Weber Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities Directors unless they are provided with adequate protection through insurance or adequate and/or indemnification against inordinate the risks of claims and actions being asserted against them arising out of their service to and activities on behalf of such corporations;; and

Appears in 7 contracts

Samples: Director’s Indemnification Agreement (SLM Corp), Director’s Indemnification Agreement (Craftmade International Inc), Director’s Indemnification Agreement (USA Mobility, Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 7 contracts

Samples: Indemnification Agreement (Environmental Impact Acquisition Corp), Indemnification Agreement (Evoke Pharma Inc), Indemnification Agreement (Puma Biotechnology, Inc.)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the Company; and

Appears in 7 contracts

Samples: Indemnification Agreement (Workflow Management Inc), Indemnification Agreement (Workflow Management Inc), Indemnification Agreement (Workflow Management Inc)

WHEREAS. highly competent persons have become more reluctant to serve as directors of publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation.

Appears in 6 contracts

Samples: Indemnification Agreement (E Trade Financial Corp), Indemnification Agreement (E Trade Financial Corp), Director Indemnification Agreement (First Data Corp)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;

Appears in 6 contracts

Samples: Indemnification Agreement (Glori Energy Inc.), Indemnification Agreement (Glori Energy Inc.), Indemnification Agreement (Glori Energy Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-publicly- held corporations companies as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationscompanies;

Appears in 6 contracts

Samples: Indemnification Agreement (LIV Capital Acquisition Corp. II), Indemnity Agreement (LIV Capital Acquisition Corp. II), Indemnification Agreement (LIV Capital Acquisition Corp. II)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 6 contracts

Samples: Employment Agreement (Nbty Inc), Employment Agreement (Nbty Inc), Employment Agreement (NBTY Florida, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation.

Appears in 6 contracts

Samples: Indemnification Agreement (Snail, Inc.), Indemnification Agreement (Mirion Technologies, Inc.), Indemnification Agreement (Churchill Capital Corp IV)

WHEREAS. highly competent persons have become more reluctant to serve publicly-publicly held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or and/or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 6 contracts

Samples: Indemnification Agreement (Motorsport Games Inc.), Indemnification Agreement (Motorsport Games Inc.), Indemnification Agreement (Motorsport Games Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers officers, or in other capacities capacities, unless they are provided with adequate better protection through insurance or adequate indemnification against inordinate risks from the risk of claims and actions against them arising out of their service to and activities on behalf of such corporations;; and

Appears in 6 contracts

Samples: Indemnification Agreement (Ivivi Technologies, Inc.), Indemnification Agreement (Careflow Net Inc), Indemnification Agreement (Healthcore Medical Solutions Inc)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation, and

Appears in 6 contracts

Samples: Indemnification Agreement (Marathon Acquisition Corp.), Indemnification Agreement (Sound Surgical Technologies Inc.), Indemnification Agreement (Union Street Acquisition Corp.)

WHEREAS. highly competent persons recently have become more reluctant to serve publicly-held corporations as directors, officers officers, or in other capacities capacities, unless they are provided with adequate better protection through insurance or adequate indemnification against inordinate risks from the risk of claims and actions against them arising out of their service to and activities on behalf of such corporations;corporation; and

Appears in 6 contracts

Samples: Indemnification Agreement (Individual Investor Group Inc), Indemnification Agreement (Parkervision Inc), Indemnification Agreement (Parkervision Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the corporation; and

Appears in 6 contracts

Samples: Indemnification Agreement (Hormel Foods Corp /De/), Indemnification Agreement (California Jockey Club), Indemnification Agreement (Avatex Corp)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held companies and corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such companies and corporations;

Appears in 6 contracts

Samples: Indemnification Agreement (Sculptor Acquisition Corp I), Indemnity Agreement (Sculptor Acquisition Corp I), Indemnity Agreement (Dragoneer Growth Opportunities Corp. III)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or adequate and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;the Company; and

Appears in 6 contracts

Samples: Indemnification Agreement (Zygo Corp), Indemnification Agreement (Aavid Thermal Technologies Inc), Indemnification & Liability (Aavid Thermal Technologies Inc)

WHEREAS. highly competent persons have become are becoming more reluctant to serve publicly-held corporations as directors, officers or in other capacities and directors unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;; and

Appears in 5 contracts

Samples: Indemnification Agreement (Brownshire Holdings, Inc.), Indemnification Agreement (Medistem Laboratories, Inc.), Indemnification Agreement (Brownshire Holdings, Inc.)

WHEREAS. highly competent persons have become more reluctant to serve publicly-held corporations as directors, directors or officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation and as a result of the added liabilities imposed by the Sarbanes Oxley Act;

Appears in 5 contracts

Samples: Employment Agreement (Standard Microsystems Corp), Employment Agreement (Standard Microsystems Corp), Employment Agreement (Standard Microsystems Corp)

WHEREAS. recently, highly competent persons have become more reluctant to serve both privately and publicly-held corporations as directors, officers officers, or in other capacities capacities, unless they are provided with adequate better protection through insurance or adequate indemnification against inordinate risks from the risk of claims and actions against them arising out of their service to and activities on behalf of such corporations;; and

Appears in 5 contracts

Samples: Indemnification Agreement (Indevus Pharmaceuticals Inc), Indemnification Agreement (Allied Nevada Gold Corp), Indemnification Agreement (Heuristic Development Group Inc)

WHEREAS. highly competent persons have become more reluctant to serve publicly-publicly held corporations as directors, officers officers, or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporationsthe corporation;

Appears in 5 contracts

Samples: Indemnification Agreement (Advanced Energy Industries Inc), Indemnification Agreement (TTM Technologies Inc), Indemnification Agreement (TTM Technologies Inc)

WHEREAS. highly competent persons have become more may be reluctant to serve publicly-held corporations as directors, officers or in officers, employees, fiduciaries and other capacities agents (“Representatives”) of corporations unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations;; and

Appears in 5 contracts

Samples: Indemnification Agreement (Global Technologies LTD), Indemnification Agreement (Eightco Holdings Inc.), Indemnification Agreement (Global Technologies LTD)

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