Agreement for Advancement of ExpensesAgreement for Advancement of Expenses • February 19th, 2009 • Public Service Enterprise Group Inc • Electric & other services combined
As we have discussed, Article XVII of the By-Laws of Public Service Electric and Gas Company requires PSE&G to pay expenses that a director may incur in the defense of an action or proceeding instituted against the director by reason of his or her service on the Board of Directors, in advance of the final disposition of the matter, subject only to the director’s undertaking to repay the amounts advanced if it is ultimately determined that the director was not entitled to be indemnified in connection with the matter under the indemnity provisions of PSE&G’s Restated Certificate of Incorporation. The right to advancement of expenses is specifically afforded to former as well as current directors. As permitted by New Jersey law, this provision may be amended by vote of the stockholders or by majority vote of the Board of Directors.
AGREEMENT FOR ADVANCEMENT OF EXPENSESAgreement for Advancement of Expenses • February 25th, 2010 • World Fuel Services Corp • Wholesale-petroleum & petroleum products (no bulk stations) • Texas
This Agreement (this “Agreement”), dated as of February 25, 2010, is entered into by and between World Fuel Services, Inc., a Texas corporation (the “Company”), and Michael Clementi (the “Executive”).
Agreement for Advancement of ExpensesAgreement for Advancement of Expenses • February 19th, 2009 • Public Service Enterprise Group Inc • Electric & other services combined
As we have discussed, Article XVII of the By-Laws of Public Service Enterprise Group Incorporated requires PSEG to pay expenses that a director may incur in the defense of an action or proceeding instituted against the director by reason of his or her service on the Board of Directors, in advance of the final disposition of the matter, subject only to the director’s undertaking to repay the amounts advanced if it is ultimately determined that the director was not entitled to be indemnified in connection with the matter under the indemnity provisions of PSEG’s Certificate of Incorporation. The right to advancement of expenses is specifically afforded to former as well as current directors. As permitted by New Jersey law, this provision may be amended by vote of the stockholders or by majority vote of the Board of Directors.
