Common use of Withholding; Indemnification Clause in Contracts

Withholding; Indemnification. As a condition to accepting an Award under the Plan, in the event that the amount of the Company’s and/or its Affiliate’s withholding obligation in connection with such Award was greater than the amount actually withheld by the Company and/or its Affiliates, each Participant agrees to indemnify and hold the Company and/or its Affiliates harmless from any failure by the Company and/or its Affiliates to withhold the proper amount.

Appears in 15 contracts

Samples: Merger Agreement (Talaris Therapeutics, Inc.), Merger Agreement (Viveon Health Acquisition Corp.), Merger Agreement (Clearday, Inc.)

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