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, limited liability company, association, 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

• Payment of any indemnity which includes a GST Amount is conditional upon the Indemnified Officer providing the Company with a GST tax invoice for the GST Amount.

• The company may, to the extent permitted by law, purchase and maintain insurance; or pay or agree to pay a premium for insurance, for any Indemnified Officer against any liability incurred by the person as an officer of the company where the directors consider it appropriate to do so.

• The Expenses incurred by a Director or an Indemnified Officer in defending a Proceeding may be paid by the Corporation in advance of the final disposition of such Proceeding as authorized by the Board of Directors in the specific case upon receipt of an undertaking by or on behalf of the Director or Indemnified Officer to repay such amount unless it shall ultimately be determined that such person is entitled to be indemnified by the Corporation against such Expenses.

• To the extent that an Indemnified Officer of the Corporation has been successful, on the merits or otherwise in the defense of any action, suit or proceeding referred to in Section 11.1 of this Article, or in the defense of any claim, issue or matter therein, the Corporation shall indemnify such person against reasonable expenses (including counsel fees) incurred by such person in connection therewith.

• Any Director or Indemnified Officer who at any time after the adoption of this Article serves or has served in any of the aforesaid capacities for or on behalf of the Corporation shall be deemed to be doing or to have done so in reliance upon, and as consideration for, the right of indemnification provided herein.

More Definitions of Indemnified Officer

Indemnified Officer means an individual who is or was an officer of the Society 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 Society’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 all of the Corporation's past, present, and future duly elected or appointed officers, including all individuals listed on the officer's payroll files of the Corporation or any of the Corporation's subsidiary companies notwithstanding any absence of title, 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 has the meaning set forth in Section 5.9(a) (D&O Indemnification, Exculpation and Insurance);

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 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 and “Indemnified Officers” have the meanings set forth in Section 5.4(a). “Indemnified Party” has the meaning set forth in Section 8.3(a).

Indemnified Officer means an individual who is or was an officer of the Association, including without limitation the Executive Director and other key employees of the Association as defined in any Form 990 for the Association filed with the Internal Revenue Service. An Indemnified Officer shall be entitled to indemnification hereunder to the same extent as a Board Member, including, without limitation, indemnification with