DIONEX CORPORATION INDEMNIFICATION AGREEMENT
Exhibit 10.1
DIONEX CORPORATION
This Indemnification Agreement (“Agreement”) is effective as of
_____
, 2008, by and between
Dionex Corporation, a Delaware corporation (the “Company”), and
_____
(“Indemnitee”).
A. The Company desires to attract and retain the services of highly qualified individuals,
such as Indemnitee, to serve the Company and its related entities.
B. In order to induce Indemnitee to continue to provide services to the Company, the Company
wishes to provide for the indemnification of, and the advancement of expenses to, Indemnitee to the
maximum extent permitted by law.
C. The Company and Indemnitee recognize the continued difficulty in obtaining liability
insurance for the Company’s directors, officers, employees, agents and fiduciaries, the significant
increases in the cost of such insurance and the general reductions in the coverage of such
insurance.
D. Indemnitee does not regard the protection available under the Company’s Bylaws and
insurance as adequate in the present circumstances, and may not be willing to serve as an officer
or director without adequate protection, and the Company desires Indemnitee to serve in such
capacity.
E. The Company and Indemnitee further recognize the substantial increase in corporate
litigation in general, subjecting directors, officers, employees, agents and fiduciaries to
expensive litigation risks at the same time as the availability and coverage of liability insurance
has been severely limited.
F. In view of the considerations set forth above, the Company desires that Indemnitee shall be
indemnified and advanced expenses by the Company as set forth in this Agreement.
G. [Indemnitee is a representative of Xxxxxx Xxxx Ventures and has certain rights to
indemnification and/or insurance provided by Xxxxxx Hill Ventures, which Indemnitee and Xxxxxx Xxxx
Ventures intend to be secondary to the primary obligation of the Company to indemnify Indemnitee as
provided herein, with the Company’s acknowledgement and agreement to the foregoing being a material
condition to Indemnitee’s willingness to serve on the Board of Directors of the Company.]
The parties agree as follows:
1. Definitions.
(a) “Change in Control” means, and will be deemed to have occurred if, on or after the date of
this Agreement, (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended), other than a trustee or other
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fiduciary holding securities under an employee benefit plan of the Company acting in such
capacity or a corporation owned directly or indirectly by the stockholders of the Company in
substantially the same proportions as their ownership of stock of the Company, becomes the
“beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities
of the Company representing more than 50% of the total voting power represented by the Company’s
then outstanding Voting Securities (as defined below), (ii) during any period of two consecutive
years, individuals who at the beginning of such period constitute the Board of Directors of the
Company and any new director whose election by the Board of Directors or nomination for election by
the Company’s stockholders was approved by a vote of at least two-thirds of the directors then
still in office who either were directors at the beginning of the period or whose election or
nomination for election was previously so approved, cease for any reason to constitute a majority
thereof, or (iii) the stockholders of the Company approve a merger or consolidation of the Company
with any other corporation other than a merger or consolidation that would result in the Voting
Securities of the Company outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into Voting Securities of the surviving entity) at
least 80% of the total voting power represented by the Voting Securities of the Company or such
surviving entity outstanding immediately after such merger or consolidation, or the stockholders of
the Company approve a plan of complete liquidation of the Company or an agreement for the sale or
disposition by the Company of (in one transaction or a series of related transactions) all or
substantially all of the Company’s assets.
(b) “Claim” means, with respect to a Covered Event (as defined below), any threatened, pending
or completed action, suit, proceeding or alternative dispute resolution mechanism, or any hearing,
inquiry or investigation that Indemnitee in good faith believes might lead to the institution of
any such action, suit, proceeding or alternative dispute resolution mechanism, whether civil,
criminal, administrative, investigative or other.
(c) References to the “Company” include, in addition to Dionex Corporation, any constituent
corporation (including any constituent of a constituent) absorbed in a consolidation or merger to
which Dionex Corporation (or any of its wholly owned subsidiaries) is a party, that, if its
separate existence had continued, would have had power and authority to indemnify its directors,
officers, employees, agents or fiduciaries, so that if Indemnitee is or was a director, officer,
employee, agent or fiduciary of such constituent corporation, or is or was serving at the request
of such constituent corporation as a director, officer, employee, agent or fiduciary of another
corporation, partnership, joint venture, employee benefit plan, trust or other enterprise,
Indemnitee will stand in the same position under the provisions of this Agreement with respect to
the resulting or surviving corporation as Indemnitee would have with respect to such constituent
corporation if its separate existence had continued.
(d) “Covered Event” means any event or occurrence (i) related to the fact that Indemnitee is
or was a director, officer, employee, agent or fiduciary of the Company, or any subsidiary of the
Company, or (ii) related to the fact that Indemnitee is or was serving at the request of the
Company as a director, officer, employee, agent or fiduciary of another corporation, partnership,
joint venture, trust or other enterprise, or by reason of any action or inaction on the part of
Indemnitee while serving in such capacity.
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(e) “Expenses” means any and all expenses (including attorneys’ fees and all other costs,
expenses and obligations incurred in connection with investigating, defending, being a witness in
or participating in (including on appeal), or preparing to defend, to be a witness in or to
participate in, any action, suit, proceeding, alternative dispute resolution mechanism, hearing,
inquiry or investigation), judgments, fines, penalties and amounts paid in settlement (if such
settlement is approved in advance by the Company, which approval will not be unreasonably
withheld), actually and reasonably incurred, of any Claim and any federal, state, local or foreign
taxes imposed on the Indemnitee as a result of the actual or deemed receipt of any payments under
this Agreement.
(f) “Expense Advance” means a payment to Indemnitee pursuant to Section 3 of Expenses in
advance of the settlement of or final judgment in any action, suit, proceeding or alternative
dispute resolution mechanism, hearing, inquiry or investigation that constitutes a Claim.
(g) “Independent Legal Counsel” means an attorney or firm of attorneys, selected in accordance
with the provisions of Section 2(d) hereof, who will not have otherwise performed services for the
Company or Indemnitee within the last three years (other than with respect to matters concerning
the rights of Indemnitee under this Agreement, or of other indemnitees under similar indemnity
agreements).
(h) References to “other enterprises” include employee benefit plans; references to “fines”
include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and
references to “serving at the request of the Company” include any service as a director, officer,
employee, agent or fiduciary of the Company, which role imposes duties on, or involves services by,
such director, officer, employee, agent or fiduciary with respect to an employee benefit plan, its
participants or its beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in the interest of the participants and beneficiaries of an employee
benefit plan, Indemnitee will be deemed to have acted in a manner “not opposed to the best
interests of the Company” as referred to in this Agreement.
(i) “Reviewing Party” means, subject to the provisions of Section 2(d), any person or body
appointed by the Board of Directors in accordance with applicable law to review the Company’s
obligations hereunder and under applicable law, which may include (i) the directors who are not
parties to the action, suit or proceeding in question (“Disinterested Directors”), even if less
than a quorum, (ii) a committee of Disinterested Directors designated by a vote of the majority of
the Disinterested Directors, even if less than a quorum, (iii), by Independent Legal Counsel, if
there are no such Disinterested Directors, or if such Disinterested Directors so direct or (iv) by
the stockholders.
(j) “Section” refers to a section of this Agreement unless otherwise indicated.
(k) “Voting Securities” means any securities of the Company that vote generally in the
election of directors.
3.
2. Indemnification.
(a) Indemnification of Expenses. Subject to the provisions of Section 2(b) below, the Company
shall indemnify Indemnitee for Expenses to the fullest extent permitted by law if Indemnitee was or
is or becomes a party to or witness or other participant in, or is threatened to be made a party to
or witness or other participant in, any Claim (whether by reason of or arising in part out of a
Covered Event), including all interest, assessments and other charges paid or payable in connection
with or in respect of such Expenses.
(b) Review of Indemnification Obligations. Notwithstanding the foregoing, in the event any
Reviewing Party will have determined (in a written opinion, in any case in which Independent Legal
Counsel is the Reviewing Party) that Indemnitee is not entitled to be indemnified hereunder under
applicable law, (i) the Company shall have no further obligation under Section 2(a) to make any
payments to Indemnitee not made prior to such determination by such Reviewing Party, and (ii) the
Company shall be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the
Company) for all Expenses theretofore paid in indemnifying Indemnitee; provided, however, that if
Indemnitee has commenced or thereafter commences legal proceedings in a court of competent
jurisdiction to secure a determination that Indemnitee is entitled to be indemnified hereunder
under applicable law, any determination made by any Reviewing Party that Indemnitee is not entitled
to be indemnified hereunder under applicable law will not be binding and Indemnitee shall not be
required to reimburse the Company for any Expenses theretofore paid in indemnifying Indemnitee
until a final judicial determination is made with respect thereto (as to which all rights of appeal
therefrom have been exhausted or lapsed). Indemnitee’s obligation to reimburse the Company for any
Expenses will be unsecured and no interest will be charged thereon.
(c) Indemnitee Rights on Unfavorable Determination; Binding Effect. If any Reviewing Party
determines that Indemnitee is not entitled to be indemnified hereunder in whole or in part under
applicable law, Indemnitee shall have the right to commence litigation seeking an initial
determination by the court or challenging any such determination by such Reviewing Party or any
aspect thereof, including the legal or factual bases therefor, and, subject to the provisions of
Section 15, the Company hereby consents to service of process and to appear in any such proceeding.
Absent such litigation, any determination by any Reviewing Party will be conclusive and binding on
the Company and Indemnitee.
(d) Selection of Reviewing Party; Change in Control. If there has not been a Change in
Control, any Reviewing Party will be selected by the Board of Directors and approved by the
Indemnitee (which approval will not be unreasonably withheld). If the Board chooses to utilize an
Independent Legal Counsel as the Reviewing Party, the Independent Legal Counsel will be chosen by
the Company and approved by the Indemnitee (which approval will not be unreasonably withheld). If
there has been such a Change in Control (other than a Change in Control that has been approved by a
majority of the Company’s Board of Directors who were directors immediately prior to such Change in
Control), any Reviewing Party with respect to all matters thereafter arising concerning the rights
of Indemnitee to indemnification of Expenses under this Agreement or any other agreement or under
the Company’s certificate of incorporation or bylaws as now or hereafter in effect, or under any
other applicable law, if desired by Indemnitee, will be Independent Legal Counsel selected by
Indemnitee and approved
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by the Company (which approval shall not be unreasonably withheld). Such counsel, among other
things, will render its written opinion to the Company and Indemnitee as to whether and to what
extent Indemnitee would be entitled to be indemnified hereunder under applicable law and the
Company agrees to abide by such opinion. The Company agrees to pay the reasonable fees of the
Independent Legal Counsel referred to above and to indemnify fully such counsel against any and all
expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to
this Agreement or its engagement pursuant hereto. Notwithstanding any other provision of this
Agreement, the Company shall not be required to pay Expenses of more than one Independent Legal
Counsel in connection with all matters concerning a single Indemnitee, and such Independent Legal
Counsel shall be the Independent Legal Counsel for any or all other Indemnitees unless (i) the
Company otherwise determines or (ii) any Indemnitee shall provide a written statement setting forth
in detail a reasonable objection to such Independent Legal Counsel representing other Indemnitees.
(e) Mandatory Payment of Expenses. Notwithstanding any other provision of this Agreement
other than Section 10 hereof, to the extent that Indemnitee has been successful on the merits or
otherwise, including, without limitation, the dismissal of an action without prejudice, in defense
of any Claim, Company shall indemnify Indemnitee against all Expenses incurred by Indemnitee in
connection therewith.
3. Expense Advances.
(a) Obligation to Make Expense Advances. The Company will make Expense Advances to Indemnitee
upon receipt of a written undertaking by or on behalf of the Indemnitee to repay such amounts if it
is ultimately determined that the Indemnitee is not entitled to be indemnified therefor by the
Company.
(b) Form of Undertaking. Any written undertaking by the Indemnitee to repay any Expense
Advances hereunder will be unsecured, and no interest shall be charged thereon.
4. Procedures for Indemnification and Expense Advances.
(a) Timing of Payments. All payments of Expenses (including without limitation Expense
Advances) by the Company to the Indemnitee pursuant to this Agreement will be made to the fullest
extent permitted by law as soon as practicable after written demand by Indemnitee therefor is
presented to the Company, but in no event later than 45 days after such written demand by
Indemnitee is presented to the Company, except in the case of Expense Advances, which will be made
no later than 30 days after such written demand by Indemnitee is presented to the Company.
(b) Notice/Cooperation by Indemnitee. Indemnitee shall, as a condition precedent to
Indemnitee’s right to be indemnified or Indemnitee’s right to receive Expense Advances under this
Agreement, give the Company notice in writing as soon as practicable of any Claim made against
Indemnitee for which indemnification will or could be sought under this Agreement. Notice to the
Company will be directed to the President or Chief Executive Officer of the Company at the address
shown on the signature page of this Agreement (or such other
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address as the Company shall designate in writing to Indemnitee). In addition, Indemnitee
will give the Company such information and cooperation as it may reasonably require and as shall be
within Indemnitee’s power. The failure by Indemnitee to timely notify the Company of any Claim
will not relieve the Company from any liability hereunder unless, and only to the extent that such
failure results in forfeiture by the Company of substantial defenses, rights, or insurance
coverage.
(c) No Presumptions; Burden of Proof. For purposes of this Agreement, the termination of any
Claim by judgment, order, settlement (whether with or without court approval) or conviction, or
upon a plea of nolo contendere, or its equivalent, will not create a presumption that Indemnitee
did not meet any particular standard of conduct or have any particular belief or that a court has
determined that indemnification is not permitted by this Agreement or applicable law. In addition,
neither the failure of any Reviewing Party to have made a determination as to whether Indemnitee
has met any particular standard of conduct or had any particular belief, nor an actual
determination by any Reviewing Party that Indemnitee has not met such standard of conduct or did
not have such belief, prior to the commencement of legal proceedings by Indemnitee to secure a
judicial determination that Indemnitee should be indemnified under this Agreement or applicable
law, shall be a defense to Indemnitee’s claim or create a presumption that Indemnitee has not met
any particular standard of conduct or did not have any particular belief. In connection with any
determination by any Reviewing Party or otherwise as to whether the Indemnitee is entitled to be
indemnified hereunder, the burden of proof will be on the Company to establish that Indemnitee is
not so entitled.
(d) Notice to Insurers. If, at the time of the receipt by the Company of a notice of a Claim
pursuant to Section (b) hereof, the Company has liability insurance in effect that may cover such
Claim, the Company shall give prompt notice of the commencement of such Claim to the insurers in
accordance with the procedures set forth in the respective policies. The Company shall thereafter
take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee,
all amounts payable as a result of such Claim in accordance with the terms of such policies;
provided, however, that nothing in this subsection (d) shall relieve the Company of its obligations
hereunder (or allow the Company to delay in its performance of its obligations hereunder) to
provide indemnification for or make any Expense Advances with respect to the Expenses of any Claim,
between the time that it so notifies its insurers and the time that its insurers actually pay any
such amounts payable as a result of any such Claim to the Company.
(e) Selection of Counsel. In the event the Company shall be obligated hereunder to provide
indemnification for or make any Expense Advances with respect to the Expenses of any Claim, the
Company, if appropriate, shall be entitled to assume the defense of such Claim with counsel
approved by Indemnitee (which approval shall not be unreasonably withheld) upon the delivery to
Indemnitee of written notice of the Company’s election to do so. After delivery of such notice,
approval of such counsel by Indemnitee and the retention of such counsel by the Company, the
Company will not be liable to Indemnitee under this Agreement for any fees or expenses of separate
counsel subsequently employed by or on behalf of Indemnitee with respect to the same Claim;
provided, however, that (i) Indemnitee shall have the right to employ Indemnitee’s separate counsel
in any such Claim at Indemnitee’s expense and (ii) if (A) the employment of separate counsel by
Indemnitee has been previously authorized by the
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Company, (B) Indemnitee shall have reasonably concluded that there may be a conflict of
interest between the Company and Indemnitee in the conduct of any such defense, or (C) the Company
shall not continue to retain such counsel to defend such Claim, then the fees and expenses of
Indemnitee’s separate counsel will be Expenses for which Indemnitee may receive indemnification or
Expense Advances hereunder. The Company shall not be liable to Indemnitee under this Agreement for
any amounts paid in settlement of any threatened or pending Claim effected without the Company’s
prior written consent. The Company shall not, without the prior written consent of the Indemnitee,
effect any settlement of any threatened or pending Claim which the Indemnitee is or could have been
a party unless such settlement solely involves the payment of money and includes a complete and
unconditional release of the Indemnitee from all liability on any claims that are the subject
matter of such Claim. Neither the Company nor Indemnitee shall unreasonably withhold its consent
to any proposed settlement; provided that Indemnitee may withhold consent to any settlement that
does not provide a complete and unconditional release of Indemnitee.
5. Additional Indemnification Rights; Nonexclusivity.
(a) Scope. The Company hereby agrees to indemnify the Indemnitee to the fullest extent
permitted by law, notwithstanding that such indemnification is not specifically authorized by the
other provisions of this Agreement, the Company’s certificate of incorporation, the Company’s
bylaws or by statute. In the event of any change after the date of this Agreement in any
applicable law, statute or rule that expands the right of a Delaware corporation to indemnify a
member of its board of directors or an officer, employee, agent or fiduciary, it is the intent of
the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by
such change. In the event of any change in any applicable law, statute or rule that narrows the
right of a Delaware corporation to indemnify a member of its board of directors or an officer,
employee, agent or fiduciary, such change, to the extent not otherwise required by such law,
statute or rule to be applied to this Agreement, will have no effect on this Agreement or the
parties’ rights and obligations hereunder except as set forth in Section 10(a) hereof.
(b) Nonexclusivity. The indemnification and the payment of Expense Advances provided by this
Agreement will be in addition to any rights to which Indemnitee may be entitled under the Company’s
certificate of incorporation, its bylaws, any other agreement, any vote of stockholders or
disinterested directors, the Delaware General Corporation Law, or otherwise. The indemnification
and the payment of Expense Advances provided under this Agreement will continue as to Indemnitee
for any action taken or not taken while serving in an indemnified capacity even though subsequent
thereto Indemnitee may have ceased to serve in such capacity.
[(c) Company Obligations Primary. The Company hereby acknowledges that Indemnitee may have
certain rights to indemnification, advancement of expenses and/or insurance provided by Xxxxxx Hill
Ventures and certain of its affiliates (collectively, the “Fund Indemnitors”). The Company hereby
agrees that (i) it is the indemnitor of first resort (i.e., its obligations to Indemnitee are
primary and any obligation of the Fund Indemnitors to advance expenses or to provide
indemnification for the same expenses or liabilities incurred by Indemnitee are secondary, (ii) it
will be required to advance the full amount of expenses incurred by Indemnitee and will be liable
for the full amount of all Expenses, judgments, penalties, fines
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and amounts paid in settlement to the extent legally permitted and as required by the
Certificate of Incorporation or Bylaws of the Company (or any agreement between the Company and
Indemnitee), without regard to any rights Indemnitee may have against the Fund Indemnitors and
(iii) it irrevocably waives relinquishes and releases the Fund Indemnitors from any and all claims
against the Fund Indemnitors for contribution, subrogation or any other recovery of any kind in
respect thereof. The Company further agrees that no advancement or payment by the Fund Indemnitors
on behalf of Indemnitee with respect to any claim for which Indemnitee has sought indemnification
from the Company will affect the foregoing and the Fund Indemnitors will have a right of
contribution and/or be subrogated to the extent of such advancement or payment to all of the rights
of recovery of Indemnitee against the Company. The Company and Indemnitee agree that the Fund
Indemnitors are express third party beneficiaries of the terms hereof.]
6. No Duplication of Payments. Unless Section 5 provides otherwise, the Company will
not be liable under this Agreement to make any payment in connection with any Claim made against
Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance
policy, provision of the Company’s certificate of incorporation, bylaws or otherwise) of the
amounts otherwise payable under this Agreement.
7. Partial Indemnification. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for some or a portion of Expenses incurred in
connection with any Claim, but not, however, for all of the total amount thereof, the Company will
indemnify Indemnitee for the portion of such Expenses to which Indemnitee is entitled.
8. Mutual Acknowledgment. Both the Company and Indemnitee acknowledge that in
certain instances, federal law or applicable public policy may prohibit the Company from
indemnifying its directors, officers, employees, agents or fiduciaries under this Agreement or
otherwise. Indemnitee understands and acknowledges that the Company has undertaken or may be
required in the future to undertake with the Securities and Exchange Commission to submit the
question of indemnification to a court in certain circumstances for a determination of the
Company’s right under public policy to indemnify Indemnitee.
9. Liability Insurance. The Company will make commercially reasonable efforts to
obtain and maintain liability insurance applicable to directors, officers or fiduciaries in an
amount determined by the Company’s board of directors; provided, however, that nothing in this
Section 9 shall relieve the Company of its obligations hereunder (or allow the Company to delay in
its performance of its obligations hereunder) to provide indemnification for or make any Expense
Advances with respect to the Expenses of any Claim. To the extent the Company maintains liability
insurance applicable to directors, officers or fiduciaries, Indemnitee shall be covered by such
policies in such a manner as to provide Indemnitee the same rights and benefits as are provided to
the most favorably insured of the Company’s directors, if Indemnitee is a director; or of the
Company’s officers, if Indemnitee is not a director of the Company but is an officer. The Company
shall promptly notify Indemnitee of any expiration, lapse, non-renewal or denial of coverage under
any such policy.
8.
10. Exceptions.
(a) Excluded Action or Omissions. The Company will not indemnify Indemnitee for Expenses
resulting from acts, omissions or transactions for which Indemnitee is prohibited from receiving
indemnification under this Agreement or applicable law; provided, however, that notwithstanding any
limitation set forth in this subsection (a) regarding the Company’s obligation to provide
indemnification, Indemnitee will be entitled under Section 3 to receive Expense Advances hereunder
with respect to any such Claim unless and until a court having jurisdiction over the Claim will
have made a final judicial determination (as to which all rights of appeal therefrom have been
exhausted or lapsed) that Indemnitee has engaged in acts, omissions or transactions for which
Indemnitee is prohibited from receiving indemnification under this Agreement or applicable law.
(b) Claims Initiated by Indemnitee. The Company will not indemnify or make Expense Advances
to Indemnitee with respect to Claims initiated or brought voluntarily by Indemnitee and not by way
of defense, counterclaim or cross claim, except (i) with respect to actions or proceedings brought
to establish or enforce a right to indemnification under this Agreement or any other agreement or
insurance policy or under the Company’s certificate of incorporation or bylaws now or hereafter in
effect relating to Claims for Covered Events, (ii) in specific cases if the Board of Directors has
approved the initiation or bringing of such Claim, or (iii) as otherwise required under Section 145
of the Delaware General Corporation Law (relating to indemnification of officers, directors,
employees and agents; and insurance), regardless of whether Indemnitee ultimately is determined to
be entitled to such indemnification or insurance recovery, as the case may be.
(c) Lack of Good Faith. The Company will not indemnify Indemnitee for any Expenses incurred
by the Indemnitee with respect to any action in which the Indemnitee acted in bad faith or in a
manner opposed to the best interests of the Company.
(d) Claims Under Section 16(b). The Company will not indemnify Indemnitee for expenses and
the payment of profits arising from the purchase and sale by Indemnitee of securities in violation
of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor
statute; provided, however, that notwithstanding any limitation set forth in this subsection (d)
regarding the Company’s obligation to provide indemnification, Indemnitee shall be entitled under
Section 3 to receive Expense Advances hereunder with respect to any such Claim unless and until a
court having jurisdiction over the Claim will have made a final judicial determination (as to which
all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee has violated said
statute.
11. Counterparts. This Agreement may be executed in one or more counterparts, each
of which will be an original, but all of which together will constitute one instrument.
12. Binding Effect; Successors and Assigns. This Agreement will be binding upon and
inure to the benefit of and be enforceable by the parties hereto and their respective successors,
assigns (including any direct or indirect successor by purchase, merger, consolidation or otherwise
to all or substantially all of the business or assets of the Company), spouses, heirs and personal
and legal representatives. The Company shall require and cause any successor
9.
(whether direct or indirect, and whether by purchase, merger, consolidation or otherwise) to
all, substantially all, or a substantial part, of the business or assets of the Company, by written
agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to
perform this Agreement in the same manner and to the same extent that the Company would be required
to perform if no such succession had taken place. This Agreement will continue in effect
regardless of whether Indemnitee continues to serve as a director, officer, employee, agent or
fiduciary (as applicable) of the Company or of any other enterprise at the Company’s request.
13. Expenses Incurred in Action Relating to Enforcement or Interpretation. In the
event that any action is instituted by Indemnitee under this Agreement or under any liability
insurance policies maintained by the Company to enforce or interpret any of the terms hereof or
thereof, Indemnitee shall be entitled to be indemnified for all Expenses incurred by Indemnitee
with respect to such action (including without limitation attorneys’ fees), regardless of whether
Indemnitee is ultimately successful in such action, unless as a part of such action a court having
jurisdiction over such action makes a final judicial determination; provided, however, that until
such final judicial determination is made, Indemnitee shall be entitled under Section 3 to receive
payment of Expense Advances hereunder with respect to such action. In the event of an action
instituted by or in the name of the Company under this Agreement to enforce or interpret any of the
terms of this Agreement, Indemnitee shall be entitled to be indemnified for all Expenses incurred
by Indemnitee in defense of such action (including without limitation costs and expenses incurred
with respect to Indemnitee’s counterclaims and cross-claims made in such action), unless as a part
of such action a court having jurisdiction over such action makes a final judicial determination
(as to which all rights of appeal therefrom have been exhausted or lapsed) that each of the
material defenses asserted by Indemnitee in such action was made in bad faith or was frivolous;
provided, however, that until such final judicial determination is made, Indemnitee shall be
entitled under Section 3 to receive payment of Expense Advances hereunder with respect to such
action.
14. Notices. All notices, requests, demands and other communications under this
Agreement will be in writing and will be deemed duly given (i) if delivered by hand and signed for
by the party addressed, on the date of such delivery, or (ii) if mailed by domestic certified or
registered mail with postage prepaid, on the third business day after the date postmarked.
Addresses for notice to either party are as shown on the signature page of this Agreement or as
subsequently modified by written notice.
15. Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably
consent to the jurisdiction of the courts of the State of Delaware for all purposes in connection
with any action or proceeding which arises out of or relates to this Agreement and agree that any
action instituted under this Agreement will be commenced, prosecuted and continued only in the
Court of Chancery of the State of Delaware in and for New Castle County, which will be the
exclusive and only proper forum for adjudicating such a claim.
16. Choice of Law. This Agreement will be governed by and construed under the laws
of the State of Delaware in all respects as such laws are applied to agreements among Delaware
residents entered into and performed entirely within Delaware, without giving effect to conflict of
law principles thereof. The parties agree that any action brought by either party under or in
relation to this Agreement, including without limitation to interpret or enforce any
provision of this Agreement, will be brought in, and each party agrees to and does hereby
submit to the jurisdiction and venue of the Chancery Court of the State of Delaware.
10.
17. Severability. In the event one or more of the provisions of this Agreement
should, for any reason, be held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability will not affect any other provisions of this Agreement,
and this Agreement will be construed as if such invalid, illegal or unenforceable provision had
never been contained herein.
18. Subrogation. [Subject to Section 5(c) above,] in the event of payment under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of
recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be
necessary to secure such rights and to enable the Company effectively to bring suit to enforce such
rights.
19. Amendment and Waiver. No amendment, modification, termination or cancellation of
this Agreement will be effective unless it is in writing signed by both the parties hereto. No
waiver of any of the provisions of this Agreement will be deemed to be or will constitute a waiver
of any other provisions hereof (whether or not similar), nor will such waiver constitute a
continuing waiver.
20. Integration; Entire Agreement. This Agreement sets forth the entire
understanding between the parties hereto and supersedes and merges all previous written and oral
negotiations, commitments, understandings and agreements between the parties relating to the
subject matter contained in this Agreement.
21. Headings. The section and subsection headings contained in this Agreement are
for reference purposes only and will not affect in any way the meaning or interpretation of this
Agreement.
22. No Construction as Employment Agreement. Nothing contained in this Agreement
will be construed as giving Indemnitee any right to be retained in the employ of the Company or any
of its subsidiaries or affiliated entities.
[Signature Page Follows]
11.
The parties have executed this Indemnification Agreement as of the date first above written.
| DIONEX CORPORATION | ||||
By: |
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Name: |
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Title: |
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Address:
|
0000 Xxxxx Xxx | |||
| Xxxxxxxxx, XX 00000 | ||||
| Agreed to and accepted by: | ||||
| Indemnitee: | ||||
Indemnitee Name: |
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Address: |
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Indemnification Agreement Signature Page
