Indemnification Agreement: Chyron Corporation (New York) AGREEMENT, effective as of June 5, 1997 between Chyron Corporation, a New York corporation (the "Company"), and Edward Grebow (the "Indemnitee"). WHEREAS, it is essential to the Company to...Indemnification Agreement • March 16th, 1998 • Chyron Corp • Photographic equipment & supplies • New York
Indemnification Agreement: Chyron Corporation (New York) AGREEMENT, effective as of June 5, 1997 between Chyron Corporation, a New York corporation (the "Company"), and Edward Grebow (the "Indemnitee"). WHEREAS, it is essential to the Company to remain and attract as directors and officers the most capable persons available; and WHEREAS, Indemnitee is a director or officer of the Company; and WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers of public companies in today's environment; and WHEREAS, the By-Laws of the Company provide: "The Corporation shall indemnify any person to the full extent permitted, and in the manner provided, by the New York Business Corporation Law ["BCL"], as the same now exists or may hereafter be amended" and WHEREAS, this Agreement satisfies the provision of Section 721 of the BCL: and WHEREAS, in recognition of the fact that the Indemnitee continues to serve as
