Indemnified Officer definition

Indemnified Officer means each officer of the Corporation who is also a director of the Corporation and each other officer of the Corporation who is designated by the Board of Directors from time to time as an Indemnified Officer. An Indemnified Officer shall be entitled to indemnification hereunder to the same extent as a director, including, without limitation, indemnification with respect to service by the Indemnified Officer at the Corporation's request as a director, officer, partner, trustee, employee or agent of another foreign or domestic corporation, partnership, joint venture, trust, employee benefit plan or other enterprise.

Indemnified Officer means (a) each officer who is also a manager or (b) each other officer who is designated by the board of managers from time to time as an Indemnified Officer; provided, however, that if any person ceases to be an Indemnified Officer, then such cessation shall have no effect with respect to actions arising prior to such time of cessation,

Indemnified Officer means the Executive Director, each officer, and each other employee of the Association who is designated by the Board from time to time as an Indemnified Officer. Designation by the Board may be done by resolution identifying the positions held by an Indemnified Officer, and this designation shall be adequate to establish persons as Indemnified Officers, even if no resolution is made with regard to specific persons by name. An Indemnified Officer shall be entitled to indemnification hereunder to the same extent as a Board Member, including, without limitation, indemnification with respect to service by the Indemnified Officer at the Association’s request as a director, officer, manager, partner, trustee, employee or agent of another foreign or domestic corporation (whether a business or nonprofit corporation), limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise. “Indemnified Officer” includes, unless the context requires otherwise, the estate or personal representative of an Indemnified Officer.

Examples of Indemnified Officer in a sentence

• The procedures associated with such indemnification shall be the same (or in any event no less favorable to the Indemnified Officers and Directors) as those associated with the Indemnified Officer and Director’s indemnification from the Company immediately prior to the date hereof (provided, however, that Buyer shall have no obligation under any “change-in-control” or similar provisions.

• The procedures associated with such indemnification shall be the same (or in any event no less favorable to the Indemnified Officers and Directors) as those associated with the Indemnified Officer and Director’s indemnification from the applicable Company Entity immediately prior to the date hereof (provided, however, that Buyer shall have no obligation under any “change-in-control” or similar provisions.

• The provisions of this Section 6.5 are intended to be for the benefit of, and enforceable by, each such Indemnified Officer and Director of Company immediately prior to the Effective Time and his or her heirs and representatives, and nothing herein shall affect any indemnification rights that any such party and his or her heirs and representatives may have under the certificate of incorporation or bylaws of Company or any contract or applicable law and shall be enforceable by all such parties.

• This Section 8.13 shall not limit or otherwise adversely affect any rights any Indemnified Officer may have under the Company’s articles of incorporation or bylaws as in effect as of the date hereof.

• Each Indemnified Officer is intended to be a third party beneficiary of this Section 6.15.

More Definitions of Indemnified Officer

Indemnified Officer means an individual who is or was an officer of the Corporation appointed by the board of directors. An Indemnified Officer shall be entitled to indemnification hereunder to the same extent as a Director, including, without limitation, indemnification with respect to service by the Indemnified Officer at the Corporation’s request as a director, officer, manager, partner, trustee, employee or agent of another foreign or domestic corporation (whether a business or nonprofit corporation), limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise. “Indemnified Officer” includes, unless the context requires otherwise, the estate or personal representative of an Indemnified Officer.

Indemnified Officer means each officer of the Corporation who is also a Director of the Corporation and each other officer of the Corporation who is elected by the Voting Membership and/or designated by the Board of Directors from time to time as an Indemnified Officer. An Indemnified Officer shall be entitled to indemnification hereunder to the same extent as a Director.

Indemnified Officer means each officer of the association who is also a Director of the association and each other officer of the association who is designated by the Board of Directors from time to time as an Indemnified Officer. An Indemnified Officer shall be entitled to indemnification hereunder to the same extent as a Director, including, without limitation, indemnification with respect to service by the Indemnified Officer at the association's request as a director, officer, manager, partner, trustee, employee or agent of another foreign or domestic association (whether a business or nonprofit corporation), limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise. "Indemnified Officer" includes, unless the context requires otherwise, the estate or personal representative of an Indemnified Officer.

Indemnified Officer has the meaning set forth in Section 5.9(a) (D&O Indemnification, Exculpation and Insurance);

Indemnified Officer and “Indemnified Officers” have the meanings set forth in Section 5.4(a).

Indemnified Officer means each officer of Preservation Durham who is also a Director of Preservation Durham and each other officer of Preservation Durham who is designated by the Board of Directors from time to time as an Indemnified Officer. An Indemnified Officer shall be entitled to indemnification hereunder to the same extent as a Director, including, without limitation, indemnification with respect to service by the Indemnified Officer at Preservation Durham’s request as a director, officer, partner, trustee, employee or agent of another foreign or domestic corporation, partnership, limited liability company, association, joint venture, trust, employee benefit plan or other enterprise.

Indemnified Officer means each person who is or has been a Director and any other officers or former officers of the Company as the Directors in each case decide.