Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 225

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 6
Chunk 225
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 Holders
 
Under the Companies Law, a company may not exculpate an office holder from liability for a breach of the duty of loyalty. An Israeli company may exculpate an office holder in advance from liability to the company, in whole or in part, for damages caused to the company as a result of a breach of duty of care but only if a provision authorizing such exculpation is included in its articles of association. Our articles of association include such a provision. An Israeli company may not exculpate a director from liability arising out of a prohibited dividend or distribution to shareholders.
 
An Israeli company may indemnify an office holder in respect of the following liabilities and expenses incurred for acts performed as an office holder, either in advance of an event or following an event, provided a provision authorizing such indemnification is contained in its articles of association:
 

◾         financial liability imposed on him or her in favor of another person pursuant to a judgment, settlement or arbitrator’s award      
    approved by a court. However, if an undertaking to indemnify an office holder with respect to such liability is provided in advance, then
      such an undertaking must be limited to events which, in the opinion of the board of directors, can be foreseen based on the company’s  
      activities when the undertaking to indemnify is given, and to an amount or according to criteria determined by the board of directors  
            as reasonable under the circumstances, and such undertaking shall detail the abovementioned events and amount or criteria;       
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◾           reasonable litigation expenses, including attorneys’ fees, incurred by the office holder as a result of an investigation or         
       proceeding instituted against him or her by an authority authorized to conduct such investigation or proceeding, provided that (i) no    
         indictment was filed against such office holder as a result of such investigation or proceeding; and (ii) no financial liability,      
       such as a criminal penalty, was imposed upon him or her as a substitute for the criminal proceeding as a result of such investigation    
    or proceeding or, if such financial liability was imposed, it was imposed with respect to an offense that does not require proof of criminal
                                                                    intent; and                                                                 
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◾        reasonable litigation expenses, including attorneys’ fees, incurred by the office holder or imposed by a court in proceedings     
    instituted against him or her by the company, on its behalf or by a third party or in connection with criminal proceedings in which the
           office