Examples of Company Indemnified Person in a sentence
The rights accruing to each Company Indemnified Person under this Section will not exclude any other right to which he may be lawfully entitled.
If indemnification is requested by a Company Indemnified Person, the Management Committee will cause a determination to be made as to whether indemnification of the Company Indemnified Person is proper in the circumstances.
The Company will advance to any Company Indemnified Person reasonable attorneys’ fees and other costs and expenses incurred in connection with the defense of any proceeding if the Company Indemnified Person agrees in writing before any advancement that he will reimburse the Company for such fees, costs and expenses to the extent that the Management Committee determines that he was not entitled to indemnification under this Section.
The Company will have the right (i) to approve any counsel selected by any Company Indemnified Person and (ii) to approve the terms of any proposed settlement.
Upon any such determination that indemnification is proper, the Company will make indemnification payments of liability, cost, payment or expense asserted against, or paid or incurred by, the Company Indemnified Person to the maximum extent permitted by the DLLCA and applicable law.