Office Holder definition
Examples of Office Holder in a sentence
The Company expressly confirms and agrees that it has entered into this Undertaking and assumed the obligations imposed on it hereby in order to induce you to serve as an Office Holder of The Company, and The Company acknowledges that you are relying upon this Undertaking in serving as an Office Holder of The Company.
If the total of the amounts for which all Office Holders are entitled to indemnification exceeds the Maximum Indemnification Amount, each relevant Office Holder, including you, will receive indemnification based on the ratio between the amount for which such Office Holder is liable and the aggregate amount for which all Office Holders are liable with respect to such matter.
This Undertaking shall continue in effect regardless of whether you continue to serve as an Office Holder of The Company or any affiliated company at The Company’s request.