Examples of Corporate Position in a sentence
The indemnification rights provided to Indemnitee under this Agreement, including the right provided under Sections 3, 4 and 5 above, shall continue after Indemnitee has ceased to hold a Corporate Position.
No amendment, alteration, rescission or replacement of this Agreement or any provision hereof shall be effective as to Indemnitee with respect to any action taken or omitted by such Indemnitee in Indemnitee's Corporate Position before such amendment, alteration, rescission or replacement.
This Agreement shall become effective on the date hereof and terminate upon the later of (a) 10 years after the date that Indemnitee ceases to hold a Corporate Position, or (b) 120 days after the final termination of (i) all pending Proceedings in respect of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and (ii) any adjudication or arbitration commenced by Indemnitee under Article VIII of this Agreement.
There is no power to refuse enforcement on grounds that the award violates “public policy”, however that might be defined.
Indemnitee agrees to serve the Company in the Corporate Position to which he is elected, subject to his acceptance of such position.
If the Offer is terminated by MergerSub, or this Agreement is terminated prior to the acquisition of shares of Company Common Stock in the Offer, MergerSub shall promptly (within the meaning of Rule 14e-1(c) promulgated under the Exchange Act) return, and shall cause any depositary acting on behalf of MergerSub to return, in accordance with applicable Law, all shares of Company Common Stock that have been tendered in the Offer to the registered holders thereof.
Subject to Section 5(iv)(B), Executive shall serve in his Corporate Position, reporting to the Board, and shall have supervision and control over, and responsibility for, the operation of the Bank and shall have such other powers and duties as may from time to time be prescribed by the Board, provided that such duties are consistent with his present duties and position as an executive officer of the Bank.
Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of Indemnitee's Corporate Position, a witness in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee's behalf in connection therewith.
Executive shall serve the Company in his Corporate Position as its President and Chief Executive Officer.
Subject to Section 5(iv)(B), the Executive shall serve in his Corporate Position, reporting to the President, and shall have supervision and control over, and responsibility for, residential lending activities of the Bank, corporate recordkeeping and shall have such other powers and duties as may from time to time be prescribed by the President, provided that such duties are consistent with his present duties and with the Executive's position as an executive officer of the Bank.