Document ID: 13597

Text:
any inquiry, hearing or investigation that the Indemnitee determines might lead to the institution of any such action, suit, proceeding or alternative dispute resolution mechanism. (d)"Delaware Court" shall have the meaning ascribed to it in Section11(e) below. (e)"Disinterested Director" means a director of the Company who is not and was not a party to the Claim in respect of which indemnification is sought by Indemnitee. (f)"Expenses" means any and all expenses, including attorneys' and experts' fees, court costs, transcript costs, travel expenses, duplicating, printing and binding costs, telephone charges, and all other costs and expenses incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness or participate in, any Claim. Expenses also shall include (i)Expenses incurred in connection with any appeal resulting from any Claim, including without limitation the premium, security for, and other costs relating to any cost bond, supersede as bond, or other appeal bond or its equivalent, and (ii)for purposes of Section6 only, Expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee's rights under this Agreement, by litigation or otherwise. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee. (g)"Expense Advance" means any payment of Expenses advanced to Indemnitee by the Company pursuant to Section5 or Section6 hereof. (h)"Indemnifiable Event" means any event or occurrence, whether occurring before, on or after the date of this Agreement, related to the fact that Indemnitee is or was a director, officer, employee or agent of the Company or any subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee, member, manager, trustee or agent of any other corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise (collectively with the Company, "Enterprise") or by reason of an action or inaction by Indemnitee in any such capacity (whether or not serving in such capacity at the time any Loss is incurred for which indemnification can be provided under this Agreement). (i)"Independent Counsel" means a law firm, or a member of a law firm, that is experienced in matters of Delaware corporation law and neither presently performs, nor in the past five years has performed, services for either: (i)the Company or Indemnitee (other than in connection with matters concerning Indemnitee under this Agreement or of other indemnitees under similar agreements) or (ii)any other party to the Claim giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term "Independent Counsel" shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee's rights under this Agreement. (j)"Losses" means any and all Expenses, damages, losses, liabilities, judgments, fines, penalties (whether civil, criminal or other), ERISA excise taxes, amounts paid or payable in settlement, including any interest, assessments, any federal, state, local or foreign taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement and all other charges paid or payable in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness or participate in, any Claim. (k)"Person" means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association, organization, governmental entity or other entity and includes the meaning set forth in Sections13(d) and 14(d) of the Exchange Act. ( l)"Standard of Conduct Determination" shall have the meaning ascribed to it in Section10(b) below. (m)"Voting Securities" means any securities of the Company that vote generally in the election of directors. 2.Services to the Company.Indemnitee agrees to continue to serve as a director, officer or key employee of the Company, as the case may be, for so long as Indemnitee is duly elected, appointed or employed by the Company or until Indemnitee tenders his resignation or is no longer serving in such capacity. This Agreement shall not be deemed an employment agreement between the Company (or any of its subsidiaries or Enterprise) and Indemnitee. Indemnitee specifically acknowledges that his employment with and/or service to the Company or any of its subsidiaries or Enterprise is at will and the Indemnitee may be discharged at any time for any reason, with or without cause, except as may be otherwise provided in any written employment agreement between Indemnitee and the Company (or any of its subsidiaries or Enterprise), other applicable formal severance policies duly adopted by the Board or, with respect to service as a director or officer of the Company, by the Company's Constituent Documents or Delaware law. This Agreement shall continue in force after Indemnitee has ceased to serve as a director, officer or employee of the Company or, at the request of the Company, of any of its subsidiaries or Enterprise, as provided in Section13 hereof. 3.Indemnification.Subject to Section10 and Section11 of this Agreement, the Company shall indemnify Indemnitee, to the fullest extent permitted by the laws of the State of Delaware in effect on the date hereof, or as such laws may from time to time hereafter be amended to increase the scope of such permitted indemnification, against any and all Losses if Indemnitee was or is or becomes a party to or participant in, or is threatened to be made a party to or participant in, any Claim by reason of or arising in part out of an Indemnifiable Event, including, without limitation, Claims brought by or in the right of the Company, Claims brought by third parties, and Claims in which the Indemnitee is solely a witness. Without limiting the foregoing in any way, it is the intent of this Agreement to secure for Indemnitee rights of indemnity that are as favorable as may be permitted under Delaware law and public policy of the State of Delaware. 4.Contribution. (a)Whether or not the indemnification provided in this Agreement is available, in respect of any Claim in which the Company is jointly liable with Indemnitee (or would be if joined in such matter), the Company shall pay, in the first instance, the entire amount of any Losses without requiring Indemnitee to contribute to such payment and the Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. The Company shall not enter into any settlement of any Claim in which the Company is jointly liable with Indemnitee (or would be if joined in such matter) unless such settlement provides for a full and final release of all claims asserted against Indemnitee. (b)Without diminishing or impairing the obligations of the Company set forth in the preceding subparagraph, if, for any reason, Indemnitee shall elect or be required to pay all or any portion of any judgment or settlement in any Claim in which the Company is jointly liable with Indemnitee (or would be if joined in such matter), the Company shall contribute to the amount of Losses actually and reasonably incurred and paid or payable by Indemnitee in proportion to the relative benefits received by the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such matter), on the one hand, and Indemnitee, on the other hand, from the transaction from which such Claim; provided, however, that the proportion determined on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all officers, directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such Losses, as well as any other equitable considerations which law may require to be considered. The relative fault of the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or secondary and the degree to which their conduct is active or passive. (c)The Company hereby agrees to fully indemnify and hold Indemnitee harmless from any claims of contribution which may be brought by officers, directors or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee. (d)To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount of Losses incurred by Indemnitee in connection with any Claim relating to an Indemnifiable Event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Claim in order to reflect (i)the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Claim; and/or (ii)the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s). 5.Advancement of Expenses.Indemnitee shall have the right to advancement by the Company, prior to the final disposition of any Claim by final adjudication to which there are no further rights of appeal, of any and all Expenses actually and reasonably paid or incurred by Indemnitee in connection with any Claim arising out of an Indemnifiable Event. Indemnitee's right to such advancement is not subject to the satisfaction of any standard of conduct. Without limiting the generality or effect of the foregoing, within thirty (30) days after any request by Indemnitee, the Company shall, in accordance with such request, (a)pay such Expenses on behalf of Indemnitee, (b)advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c)reimburse Indemnitee for such Expenses. In connection with any request for Expense Advances, Indemnitee shall not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request for Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking (which shall be accepted without reference to Indemnitee's ability to repay the Expense Advances), in the form attached hereto as ExhibitA, to repay any amounts paid, advanced, or reimbursed by the Company for such Expenses to the extent that it is ultimately determined, following the final disposition of such Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee's obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon. 6.Indemnification for Expenses in Enforcing Rights.To the fullest extent allowable under applicable law, the Company shall also indemnify against, and, if requested by Indemnitee, shall advance to Indemnitee subject to and in accordance with Section5, any Expenses actually and reasonably paid or incurred by Indemnitee in connection with any action or proceeding by Indemnitee for (a)indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Constituent Documents now or hereafter in effect relating to Claims relating to Indemnifiable Events, and/or (b)recovery under any directors' and officers' liability insurance policies maintained by the Company. However, in the event that Indemnitee is ultimately determined not to be entitled to such indemnification or insurance recovery, as the case may be, then all amounts advanced under this Section6 shall be repaid. Indemnitee shall be required to reimburse the Company in the event that a final judicial determination is made that such action brought by Indemnitee was frivolous or not made in good faith. 7.Partial Indemnity.If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for a portion of any Losses in respect of a Claim related to an Indemnifiable Event but not for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. 8.Notification and Defense of Claims. (a)Notification of Claims.Indemnitee shall notify the Company in writing as soon as practicable of any Claim which could relate to an Indemnifiable Event or for which Indemnitee could seek Expense Advances, including a brief description (based upon information then available to Indemnitee) of the nature of, and the facts underlying, such Claim. The failure by Indemnitee to timely notify the Company hereunder shall not relieve the Company from any liability hereunder, except that the Company shall not be liable to indemnify Indemnitee under this Agreement with respect to any judicial award in a Claim related to an Indemnifiable Event if the Company was not given a reasonable and timely opportunity to participate at its expense in the defense of such action. If at the time of the receipt of such notice, the Company has directors' and officers' liability or other insurance in effect under which coverage for Claims related to Indemnifiable Events is potentially available, the Company shall give prompt written notice to the applicable insurers in accordance with the procedures set forth in the applicable policies. The Company shall provide to Indemnitee a copy of such notice delivered to the applicable insurers, and copies of all subsequent correspondence between the Company and such insurers regarding the Claim, in each case substantially concurrently with the delivery or receipt thereof by the Company. (b)Defense of Claims.The Company shall be entitled to participate in the defense of any Claim relating to an Indemnifiable Event at its own expense and, except as otherwise provided below, to the extent the Company so wishes, it may assume the defense thereof with counsel reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election to assume the defense of any such Claim, the Company shall not be liable to Indemnitee under this Agreement or otherwise for any Expenses subsequently directly incurred by Indemnitee in connection with Indemnitee's defense of such Claim other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ its own legal counsel in such Claim, but all Expenses related to such counsel incurred after notice from the Company of its assumption of the defense shall be at Indemnitee's own expense; provided, however, that if (i)Indemnitee's employment of its own legal counsel has been authorized by the Company, (ii)Indemnitee has reasonably determined that there may be a conflict of interest between Indemnitee and the Company in the defense of such Claim, (iii)after a Change in Control, Indemnitee's employment of its own counsel has been approved by the Independent Counsel or (iv)the Company shall not in fact have employed counsel to assume the defense of such Claim, then Indemnitee shall be entitled to retain its own separate counsel (but not more than one law firm plus, if applicable, local counsel in respect of any such Claim) and all Expenses related to such separate counsel shall be borne by the Company. 9.Procedure upon Application for Indemnification.In order to obtain indemnification pursuant to this Agreement, Indemnitee shall submit to the Company a written request therefor, including in such request such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of the Claim, provided that documentation and information need not be so provided to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. Indemnification shall be made insofar as the Company determines Indemnitee is entitled to indemnification in accordance with Section10 below. Notwithstanding the foregoing, any failure of Indemnitee to provide such a request to the Company, or to provide such a request in a timely fashion, shall not relieve the Company of any liability that it may have to Indemnitee unless, and to the extent that, such failure actually and materially prejudices the interests of the Company. 10.Determination of Right to Indemnification. (a)Mandatory Indemnification; Indemnification as a Witness.

Named Entities:
33
34
Court
765
766
Act
1076
1078
Court

Tokenized Text:
any
inquiry
,
hearing
or
investigation
that
the
Indemnitee
determines
might
lead
to
the
institution
of
any
such
action
,
suit
,
proceeding
or
alternative
dispute
resolution
mechanism
.
(
d
)
"
Delaware
Court
"
shall
have
the
meaning
ascribed
to
it
in
Section11
(
e
)
below
.
(
e
)
"
Disinterested
Director
"
means
a
director
of
the
Company
who
is
not
and
was
not
a
party
to
the
Claim
in
respect
of
which
indemnification
is
sought
by
Indemnitee
.
(
f
)
"
Expenses
"
means
any
and
all
expenses
,
including
attorneys
'
and
experts
'
fees
,
court
costs
,
transcript
costs
,
travel
expenses
,
duplicating
,
printing
and
binding
costs
,
telephone
charges
,
and
all
other
costs
and
expenses
incurred
in
connection
with
investigating
,
defending
,
being
a
witness
in
or
participating
in
(
including
on
appeal
)
,
or
preparing
to
defend
,
be
a
witness
or
participate
in
,
any
Claim
.
Expenses
also
shall
include
(
i
)
Expenses
incurred
in
connection
with
any
appeal
resulting
from
any
Claim
,
including
without
limitation
the
premium
,
security
for
,
and
other
costs
relating
to
any
cost
bond
,
supersede
as
bond
,
or
other
appeal
bond
or
its
equivalent
,
and
(
ii
)
for
purposes
of
Section6
only
,
Expenses
incurred
by
Indemnitee
in
connection
with
the
interpretation
,
enforcement
or
defense
of
Indemnitee
'
s
rights
under
this
Agreement
,
by
litigation
or
otherwise
.
Expenses
,
however
,
shall
not
include
amounts
paid
in
settlement
by
Indemnitee
or
the
amount
of
judgments
or
fines
against
Indemnitee
.
(
g
)
"
Expense
Advance
"
means
any
payment
of
Expenses
advanced
to
Indemnitee
by
the
Company
pursuant
to
Section5
or
Section6
hereof
.
(
h
)
"
Indemnifiable
Event
"
means
any
event
or
occurrence
,
whether
occurring
before
,
on
or
after
the
date
of
this
Agreement
,
related
to
the
fact
that
Indemnitee
is
or
was
a
director
,
officer
,
employee
or
agent
of
the
Company
or
any
subsidiary
of
the
Company
,
or
is
or
was
serving
at
the
request
of
the
Company
as
a
director
,
officer
,
employee
,
member
,
manager
,
trustee
or
agent
of
any
other
corporation
,
limited
liability
company
,
partnership
,
joint
venture
,
trust
or
other
entity
or
enterprise
(
collectively
with
the
Company
,
"
Enterprise
"
)
or
by
reason
of
an
action
or
inaction
by
Indemnitee
in
any
such
capacity
(
whether
or
not
serving
in
such
capacity
at
the
time
any
Loss
is
incurred
for
which
indemnification
can
be
provided
under
this
Agreement
)
.
(
i
)
"
Independent
Counsel
"
means
a
law
firm
,
or
a
member
of
a
law
firm
,
that
is
experienced
in
matters
of
Delaware
corporation
law
and
neither
presently
performs
,
nor
in
the
past
five
years
has
performed
,
services
for
either
:
(
i
)
the
Company
or
Indemnitee
(
other
than
in
connection
with
matters
concerning
Indemnitee
under
this
Agreement
or
of
other
indemnitees
under
similar
agreements
)
or
(
ii
)
any
other
party
to
the
Claim
giving
rise
to
a
claim
for
indemnification
hereunder
.
Notwithstanding
the
foregoing
,
the
term
"
Independent
Counsel
"
shall
not
include
any
person
who
,
under
the
applicable
standards
of
professional
conduct
then
prevailing
,
would
have
a
conflict
of
interest
in
representing
either
the
Company
or
Indemnitee
in
an
action
to
determine
Indemnitee
'
s
rights
under
this
Agreement
.
(
j
)
"
Losses
"
means
any
and
all
Expenses
,
damages
,
losses
,
liabilities
,
judgments
,
fines
,
penalties
(
whether
civil
,
criminal
or
other
)
,
ERISA
excise
taxes
,
amounts
paid
or
payable
in
settlement
,
including
any
interest
,
assessments
,
any
federal
,
state
,
local
or
foreign
taxes
imposed
as
a
result
of
the
actual
or
deemed
receipt
of
any
payments
under
this
Agreement
and
all
other
charges
paid
or
payable
in
connection
with
investigating
,
defending
,
being
a
witness
in
or
participating
in
(
including
on
appeal
)
,
or
preparing
to
defend
,
be
a
witness
or
participate
in
,
any
Claim
.
(
k
)
"
Person
"
means
any
individual
,
corporation
,
firm
,
partnership
,
joint
venture
,
limited
liability
company
,
estate
,
trust
,
business
association
,
organization
,
governmental
entity
or
other
entity
and
includes
the
meaning
set
forth
in
Sections13
(
d
)
and
14
(
d
)
of
the
Exchange
Act
.
(
l
)
"
Standard
of
Conduct
Determination
"
shall
have
the
meaning
ascribed
to
it
in
Section10
(
b
)
below
.
(
m
)
"
Voting
Securities
"
means
any
securities
of
the
Company
that
vote
generally
in
the
election
of
directors
.
2
.
Services
to
the
Company
.
Indemnitee
agrees
to
continue
to
serve
as
a
director
,
officer
or
key
employee
of
the
Company
,
as
the
case
may
be
,
for
so
long
as
Indemnitee
is
duly
elected
,
appointed
or
employed
by
the
Company
or
until
Indemnitee
tenders
his
resignation
or
is
no
longer
serving
in
such
capacity
.
This
Agreement
shall
not
be
deemed
an
employment
agreement
between
the
Company
(
or
any
of
its
subsidiaries
or
Enterprise
)
and
Indemnitee
.
Indemnitee
specifically
acknowledges
that
his
employment
with
and
/
or
service
to
the
Company
or
any
of
its
subsidiaries
or
Enterprise
is
at
will
and
the
Indemnitee
may
be
discharged
at
any
time
for
any
reason
,
with
or
without
cause
,
except
as
may
be
otherwise
provided
in
any
written
employment
agreement
between
Indemnitee
and
the
Company
(
or
any
of
its
subsidiaries
or
Enterprise
)
,
other
applicable
formal
severance
policies
duly
adopted
by
the
Board
or
,
with
respect
to
service
as
a
director
or
officer
of
the
Company
,
by
the
Company
'
s
Constituent
Documents
or
Delaware
law
.
This
Agreement
shall
continue
in
force
after
Indemnitee
has
ceased
to
serve
as
a
director
,
officer
or
employee
of
the
Company
or
,
at
the
request
of
the
Company
,
of
any
of
its
subsidiaries
or
Enterprise
,
as
provided
in
Section13
hereof
.
3
.
Indemnification
.
Subject
to
Section10
and
Section11
of
this
Agreement
,
the
Company
shall
indemnify
Indemnitee
,
to
the
fullest
extent
permitted
by
the
laws
of
the
State
of
Delaware
in
effect
on
the
date
hereof
,
or
as
such
laws
may
from
time
to
time
hereafter
be
amended
to
increase
the
scope
of
such
permitted
indemnification
,
against
any
and
all
Losses
if
Indemnitee
was
or
is
or
becomes
a
party
to
or
participant
in
,
or
is
threatened
to
be
made
a
party
to
or
participant
in
,
any
Claim
by
reason
of
or
arising
in
part
out
of
an
Indemnifiable
Event
,
including
,
without
limitation
,
Claims
brought
by
or
in
the
right
of
the
Company
,
Claims
brought
by
third
parties
,
and
Claims
in
which
the
Indemnitee
is
solely
a
witness
.
Without
limiting
the
foregoing
in
any
way
,
it
is
the
intent
of
this
Agreement
to
secure
for
Indemnitee
rights
of
indemnity
that
are
as
favorable
as
may
be
permitted
under
Delaware
law
and
public
policy
of
the
State
of
Delaware
.
4
.
Contribution
.
(
a
)
Whether
or
not
the
indemnification
provided
in
this
Agreement
is
available
,
in
respect
of
any
Claim
in
which
the
Company
is
jointly
liable
with
Indemnitee
(
or
would
be
if
joined
in
such
matter
)
,
the
Company
shall
pay
,
in
the
first
instance
,
the
entire
amount
of
any
Losses
without
requiring
Indemnitee
to
contribute
to
such
payment
and
the
Company
hereby
waives
and
relinquishes
any
right
of
contribution
it
may
have
against
Indemnitee
.
The
Company
shall
not
enter
into
any
settlement
of
any
Claim
in
which
the
Company
is
jointly
liable
with
Indemnitee
(
or
would
be
if
joined
in
such
matter
)
unless
such
settlement
provides
for
a
full
and
final
release
of
all
claims
asserted
against
Indemnitee
.
(
b
)
Without
diminishing
or
impairing
the
obligations
of
the
Company
set
forth
in
the
preceding
subparagraph
,
if
,
for
any
reason
,
Indemnitee
shall
elect
or
be
required
to
pay
all
or
any
portion
of
any
judgment
or
settlement
in
any
Claim
in
which
the
Company
is
jointly
liable
with
Indemnitee
(
or
would
be
if
joined
in
such
matter
)
,
the
Company
shall
contribute
to
the
amount
of
Losses
actually
and
reasonably
incurred
and
paid
or
payable
by
Indemnitee
in
proportion
to
the
relative
benefits
received
by
the
Company
and
all
officers
,
directors
or
employees
of
the
Company
,
other
than
Indemnitee
,
who
are
jointly
liable
with
Indemnitee
(
or
would
be
if
joined
in
such
matter
)
,
on
the
one
hand
,
and
Indemnitee
,
on
the
other
hand
,
from
the
transaction
from
which
such
Claim
;
provided
,
however
,
that
the
proportion
determined
on
the
ba