Derivative Suit definition
Examples of Derivative Suit in a sentence
Derivative Suit" shall mean a Proceeding against the ---------------- Director brought by or in the right of the Corporation, which involves the Director by reason of his being or having been a director, officer or agent of the Corporation or a subsidiary thereof.
Derivative Suit" shall mean a Proceeding against the ---------------- Officer brought by or in the right of the Corporation and/or an Affiliate (hereinafter defined), which involves the Officer by reason of his being or having been a director, officer or agent of the Corporation, an Affiliate or a subsidiary thereof.
The Parties agree that all proceedings in the Section 16(b) Suit, the State Derivative Suit and the Intelius Action shall be stayed pending Final Approvals of the settlement and this Agreement.
The Settlement Agreement constitutes the entire agreement between Company and the other defendants and the plaintiffs in the Derivative Suit relating to the settlement of such lawsuit, has been executed and delivered by all the parties thereto and has not been amended, modified or rescinded.
Derivative Suit" shall mean a Proceeding against the Officer brought by or in the right of the Corporation and/or an Affiliate (hereinafter defined), which involves the Officer by reason of his being or having been a director, officer or agent of the Corporation, an Affiliate or a subsidiary thereof.