Document:

Exhibit 10.58

 

	
  

  	
   

  	
   

  
	
  128
  Sidney Street, Cambridge, MA 02139-4239

  	
   

  	
  TEL: (617) 995-2500    FAX: (617) 995-2510

  

 

April 18, 2005

 

Daniel
M. Junius

140
Mack Hill Road

Amherst,
NH 03031

 

Dear
Dan:

 

I
am delighted to offer you the full-time position of Chief Financial Officer and
Senior Vice President, Finance at ImmunoGen, Inc (“ImmunoGen” or the “Company”).
 Your employment will commence on May 9, 2005,
and you shall initially be paid at a bi-weekly rate of $11,538.46, which
annualized equals $300,000.00 per year, less applicable federal, state and/or
local payroll and withholding taxes.

 

Also
in consideration of your employment by the Company, we will recommend to the
Board of Directors, for their approval, a grant of 200,000 stock options under
the Company’s Stock Option Plan.  Your
options will vest at a rate of 25 percent per year for four years beginning on
the first anniversary of your effective date of employment with ImmunoGen.  The exercise price for these options will be
the closing sale price of the Company’s Common Stock as listed on the NASDAQ on
your effective date of employment.

 

You
will also be entitled to participate in the Company’s benefit plans to the same
extent as, and subject to the same terms, conditions and limitations as a
generally applicable to, full-time employees of ImmunoGen of similar rank and
tenure.  These benefits currently
include, paid vacation time, life, health, dental and disability insurance.  With respect to your annual vacation
allotment, however, you will be able to accrue up to five (5) weeks of
paid vacation per year.  For a more
detailed understanding of the benefits and the eligibility requirements, please
consult the summary plan descriptions for the programs that will be made
available to you. Please note that your compensation and or benefits may be
modified in any way, at any time, by ImmunoGen at its sole discretion, with or
without prior notice.

 

Your
duties as an employee of the Company shall be as determined by me in
consultation with you, and you agree to devote your best efforts and full
business time to the performance of such responsibilities.  In addition, you will be eligible for an
annual bonus of up to 35% of your annual salary.  Bonuses are at the discretion of the Board of
Directors, and are based on Company and individual performance.

 

In
addition, ImmunoGen is required by the Immigration and Naturalization Service
to verify that each employee is eligible to work in the United States.  To that end, a list of acceptable forms of
identification is attached.  Please bring
with you one item on List A, or a combination of one item on List B and
List C.  This verification must occur by
the third day of your employment.

 

 

In
the event your employment is terminated by the Company without Cause, you will
be eligible to receive payments in an amount equal to twelve (12) months of
your annual Base Salary in effect immediately prior to such termination.  Such payments would be made by the Company in
accordance with its then established payroll practices and would be less any
applicable federal, state, local or other employment-related deductions.  Such payments would be contingent upon you
signing and complying with the terms of a separation agreement following your
separation from the Company, which agreement would contain, among other
obligations, a release of claims, a return of all Company property and
re-payment of any amounts owed by you to the Company, continued compliance with
your obligations under any confidentiality and work product agreement(s) signed
by you, and non-disparagement obligations.

 

For
purposes of this provision, “Cause” shall mean: (a) the continued failure
substantially to perform your duties and responsibilities hereunder; provided,
however, that you first shall be provided with written notice of the Company’s
intention to terminate your employment for Cause and you shall have ten (10) days
from the date of such notice to cure such non-performance to the Company’s
satisfaction, if curable; (b) any willful misconduct or gross negligence
which materially injures or threatens to injure the Company’s business or
reputation, monetarily or otherwise; (c) your material violation of a
Company policy (including but not limited to policies regarding discrimination,
harassment, or violence); (d) your willful violation of a material
provision of the terms of your Proprietary Information and Inventions
Agreement; (e) your conviction of a crime, in connection with the
performance of your duties and responsibilities hereunder, or which otherwise
materially and adversely affects your ability to perform such duties and
responsibilities, or which materially and adversely affects or threatens to
affect the business or reputation of the Company; or (f) any other conduct
that constitutes cause as that term has been defined by Massachusetts law.

 

While
we anticipate that our relationship will be a long and mutually rewarding one,
your employment, of course, will be at-will, terminable by either you or the
Company at any time, for any or no reason, with or without prior notice or
cause.  On your first day of employment,
you will be required to sign both our Proprietary Information and Inventions
Agreement and the Company’s Insider Trading Policy, acknowledging that you
understand and agree to be bound by these agreements.  Copies of each are enclosed. You are also
asked to acknowledge and agree that your employment by the Company will not
violate any agreement, which you may have with any third party.  Please acknowledge your understanding and
agreement with the terms of your employment as set forth in this letter by
signing below.

 

I
look forward to a long and productive relationship with you.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   /s/ Mitchel Sayare

  	
   

  
	
   

  	
  Mitchel Sayare

  
	
   

  	
   

  
	
  Acknowledged and Agreed
  to:

  	
   

  
	
   

  	
   

  
	
   /s/ Daniel M. Junius 

  	
   

  	
  9/25/05

  	
   

  
	
  Daniel
  M. Junius 

  	
  Date

  
					

 

MS/lb

EnclosureEXHIBIT 10.1

 

HAGGAR CORP.

 

INDEMNIFICATION
AGREEMENT

 

This Agreement (“Agreement”)
is made and entered into as of the 26th day of August, 2005, by and between
Haggar Corp., a Nevada corporation (the “Company”), and                                   (“Indemnitee”).

 

RECITALS

 

WHEREAS, highly competent
and experienced persons are reluctant to serve corporations as directors,
executive officers or in other capacities unless they are provided with
adequate protection through insurance and indemnification against claims and
actions against them arising out of their service to and activities on behalf
of the Company;

 

WHEREAS, the Board of
Directors of the Company (the “Board”) has determined that the inability to
attract and retain such persons would be detrimental to the best interests of
the Company and its stockholders and that the Company should act to assure such
persons that there will be increased certainty of such protection in the
future;

 

WHEREAS, the Board has
also determined that it is reasonable, prudent and necessary for the Company,
in addition to purchasing and maintaining directors’ and officers’ liability
insurance (or otherwise providing for adequate arrangements of self-insurance),
contractually to obligate itself to indemnify such persons to the fullest
extent permitted by applicable law so that they will serve or continue to serve
the Company free from undue concern that they will not be adequately protected;

 

WHEREAS, Indemnitee is
willing to serve, continue to serve and to take on additional service for or on
behalf of the Company on the condition that Indemnitee be so indemnified to the
fullest extent permitted by law;

 

WHEREAS, Article 7
of the Third Amended and Restated Articles of Incorporation of the Company
provides for indemnification of directors and officers to the fullest extent
permitted by law and Article 5 of the Amended and Restated Bylaws contains
provisions regarding indemnification; and

 

WHEREAS, Section 78.751
of the Nevada Revised Statutes, as amended (“NRS”), empowers the Company to
indemnify its officers, directors, employees and agents by agreement and to
indemnify persons who serve, at the request of the Company, as the directors,
officers, employees or agents of another corporation, partnership, joint
venture, trust or other enterprise, and expressly provides that the
indemnification provided by NRS 78.751 is not exclusive of other rights to
which those indemnified thereunder may be entitled under the articles of
incorporation or any bylaw, agreement, vote of stockholders or disinterested
directors or otherwise.

 

1

 

NOW, THEREFORE, in
consideration of the foregoing and the mutual covenants herein contained, and
other good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the parties hereby agree as follows:

 

ARTICLE I

 

Certain Definitions

 

As used herein, the
following words and terms shall have the following respective meanings (whether
singular or plural):

 

“Change in Control”
means (i) a merger or consolidation of the Company with or into another
entity, or the exchange of securities (other than a merger or consolidation) by
the holders of the Voting Securities of the Company and the holders of Voting
Securities of any other entity, in which the shareholders of the Company
immediately before the transaction do not own 50% or more of the combined
voting power of the Voting Securities of the surviving entity or its parent
immediately after the transaction; (ii) a dissolution of the Company; (iii) a
transfer of all or substantially all of the assets of the Company in one
transaction or a series of related transactions to one or more other persons or
entities; (iv) a transaction or series of transactions that results in any
entity, Person or “Group” (as defined below), becoming the beneficial owner,
directly or indirectly, of securities of the Company representing more than 50%
of the combined voting power of the Company’s then outstanding securities; or (v) during
any period commencing on or after the date of this Agreement, individuals who
at the beginning of the period constituted the Board cease for any reason to
constitute at least a majority, unless the election of each director who was
not a director at the beginning of the period has been approved in advance by
directors representing at least two-thirds of the directors then in office who
were directors at the beginning of the period; provided, however,
that a “Change in Control” shall not be deemed to have occurred if the
ownership of 50% or more of the combined voting power of the surviving
corporation, asset transferee or the Company (as the case may be), after giving
effect to the transaction or series of transactions, is directly or indirectly
held by (A) a trustee or other fiduciary under any employee benefit plan
maintained by the Company or any Subsidiary, (B) one or more of the “executive
officers” of the Company that held such positions prior to the transaction or
series of transactions, or any entity, Person or Group under their control, (C) one
or more of the children of J.M. Haggar, Jr. or their lineal descendants,
or any entity, Person or Group under their control, or (D) one or more
members of the “senior management” of the Company (as defined by the Chief
Executive Officer of the Company) that held such positions prior to the
transaction or series of transactions, or any entity, Person or Group under
their control.  As used herein, “Group”
shall have the meaning set forth in Section 13(d)(3) and/or 14(d)(2) of
the Exchange Act, and “executive officer” shall have the meaning set forth in Rule 3b-7
promulgated under the Exchange Act.

 

“Claim” means an
actual or threatened claim or request for relief which was, is or may be made
by reason of anything done or not done by Indemnitee in, or by reason of any
event or occurrence related to, Indemnitee’s Corporate Status.

 

“Corporate Status”
means the status of a person who is, becomes or was a director, officer,
employee, agent or fiduciary of the Company or is, becomes or was serving at
the

 

2

 

request of the Company as a director, officer,
partner, venturer, proprietor, trustee, employee, agent, fiduciary or similar
functionary of another foreign or domestic corporation, partnership, joint
venture, sole proprietorship, trust, employee benefit plan or other
enterprise.  For purposes of this
Agreement, the Company agrees that Indemnitee’s service on behalf of or with
respect to any Subsidiary of the Company shall be deemed to be at the request
of the Company.

 

“Disinterested
Director” with respect to any request by Indemnitee for indemnification
hereunder, means a director of the Company who at the time of the vote is not a
named defendant or respondent in the Proceeding in respect of which
indemnification is sought by Indemnitee.

 

“Exchange Act”
means the Securities Exchange Act of 1934.

 

“Expenses” means
all direct and indirect costs (including, without limitation, attorneys’ fees
and disbursements, retainers, accountant’s fees and disbursements, private
investigator fees and disbursements, court costs, transcript costs, fees and
expenses of experts, witness fees and expenses, travel expenses, duplicating
costs, printing and binding costs, telephone charges, postage, delivery service
fees and all other disbursements, costs or expenses) of the types customarily
incurred in connection with prosecuting, defending (including affirmative
defenses and counterclaims), preparing to prosecute or defend, investigating,
being or preparing to be a witness in, or participating in or preparing to
participate in (including on appeal) a Proceeding and all interest or finance
charges attributable to any thereof. 
Should any payments by the Company under this Agreement be determined to
be subject to any federal, state or local income or excise tax, “Expenses”
shall also include such amounts as are necessary to place Indemnitee in the
same after-tax position (after giving effect to all applicable taxes) as
Indemnitee would have been in had no such tax been determined to apply to such
payments.

 

“Independent Counsel”
means a law firm, or a member of a law firm, that is experienced in matters of
corporation law and neither contemporaneously is, nor in the five years
theretofore has been, retained to represent: 
(a) the Company or Indemnitee in any matter material to either such
party (other than as Independent Counsel under this Agreement or similar
agreements), (b) any other party to the Proceeding giving rise to a claim
for indemnification hereunder or (c) the beneficial owner, directly or
indirectly, of securities of the Company representing 5% or more of the
combined voting power of the Company’s then outstanding voting securities
(other than, in each such case, with respect to matters concerning the rights
of Indemnitee under this Agreement, or of other indemnitees under similar
indemnification agreements). 
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.

 

“Independent Directors”
means the directors that qualify as independent, disinterested, or a similar
term as defined in the rules of the principal securities exchange or
inter-dealer quotation system on which the Company’s common stock is then
listed or quoted.

 

“NRS” means the
Nevada Revised Statutes Chapter 78 and any successor statute thereto, as either
of them may from time to time be amended.

 

3

 

“Person” means any
individual, entity or group (within the meaning of Sections 13(d)(3) and
14(d)(2) of the Exchange Act).

 

“Potential Change in
Control” shall be deemed to have occurred if (i) any Person shall have
announced publicly an intention to effect a Change in Control, or commenced any
action (such as the commencement of a tender offer for the Company’s Common
Stock or the solicitation of proxies for the election of any of the Company’s
directors) that, if successful, could reasonably be expected to result in the
occurrence of a Change in Control; (ii) the Company enters into an
agreement, the consummation of which would constitute a Change in Control; or (iii) any
other event occurs that the Board declares to be a Potential Change in Control.

 

“Proceeding” means
any threatened, pending or completed action, suit, arbitration, investigation,
inquiry, alternate dispute resolution mechanism, administrative or legislative
hearing, or any other proceeding (including, without limitation, any securities
laws action, suit, arbitration, alternative dispute resolution mechanism,
hearing or procedure) whether civil, criminal, administrative, arbitrative or investigative
and whether or not based upon events occurring, or actions taken, before the
date hereof, and any appeal in or related to any such action, suit,
arbitration, investigation, hearing or proceeding and any inquiry or
investigation (including discovery), whether conducted by or in the right of
the Company or any other Person, that Indemnitee in good faith believes could
lead to any appeal in or related to, any such action, suit, arbitration,
alternative dispute resolution mechanism, hearing or other proceeding.

 

“Subsidiary”
means, with respect to any Person, any corporation or other entity of which a
majority of the voting power of the voting equity securities or equity interest
is owned, directly or indirectly, by that Person.

 

“Voting Securities”
means any securities that vote generally in the election of directors, in the
admission of general partners, or in the selection of any other similar
governing body.

 

ARTICLE II

 

Services by Indemnitee

 

Indemnitee is serving as
a [director and/or an officer] of the Company. 
Indemnitee may from time to time also agree to serve, as the Company may
request from time to time, in another capacity for the Company (including
another officer or director position) or, as the Company may request from time
to time, as a director, officer, partner, venturer, proprietor, trustee,
employee, agent, fiduciary or similar functionary of another foreign or
domestic corporation, partnership, joint venture, sole proprietorship, trust,
employee benefit plan or other enterprise. 
Indemnitee and the Company each acknowledge that they have entered into
this Agreement as a means of inducing Indemnitee to serve, or continue to
serve, the Company in such capacities. 
Indemnitee may at any time and for any reason resign from such position
or positions (subject to any other contractual obligation or any obligation
imposed by operation of law).  The
Company shall have no obligation under this Agreement to continue Indemnitee in
any such position or positions.

 

4

 

ARTICLE III

 

Indemnification

 

Section 3.1                                                             General.  Subject to the provisions set forth in Article IV,
the Company shall indemnify, and advance Expenses to, Indemnitee to the fullest
extent permitted by applicable law in effect on the date hereof and to such
greater extent as the NRS or any other applicable law may thereafter from time
to time permit or authorize.  The other
provisions set forth in this Agreement are provided in addition to and as a
means of furtherance and implementation of, and not in limitation of, the
obligations expressed in this Article III. 
No requirement, condition to or limitation of any right to
indemnification or to advancement of Expenses under this Article III shall
in any way limit the rights of Indemnitee under Article VII.

 

Section 3.2                                                             Additional
Indemnity of the Company.  Indemnitee
shall be entitled to indemnification pursuant to this Section 3.2 if, by
reason of anything done or not done by Indemnitee in, or by reason of any event
or occurrence related to, Indemnitee’s Corporate Status, Indemnitee is, was or
becomes, or is threatened to be made, a party to, or witness or other
participant in any Proceeding.  Pursuant
to this Section 3.2, Indemnitee shall be indemnified against any and all
Expenses, judgments, penalties (including excise or similar taxes), fines and
amounts paid in settlement (including all interest, assessments and other
charges paid or payable in connection with or in respect of any such Expenses,
judgments, penalties, fines and amounts paid in settlement) actually and
reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with
such Proceeding or any Claim, issue or matter therein.  Notwithstanding the foregoing, the
obligations of the Company under this Section 3.2 shall be subject to the
condition that no determination (which, in any case in which Independent
Counsel is involved, shall be in a form of a written opinion) shall have been
made pursuant to Article IV that Indemnitee would not be permitted to be
indemnified under applicable law. Nothing in this Section 3.2 shall limit
the benefits of Section 3.1 or any other Section hereunder.

 

Section 3.3                                                             Advancement
of Expenses.  The Company shall pay
all reasonable Expenses incurred by, or in the case of retainers to be incurred
by, or on behalf of Indemnitee (or, if applicable, reimburse Indemnitee for any
and all Expenses reasonably incurred by Indemnitee and previously paid by
Indemnitee) in connection with any Claim or Proceeding, whether brought by the
Company or otherwise, in advance of any determination respecting entitlement to
indemnification pursuant to Article IV hereof within 10 days after the
receipt by the Company of (a) a written request from Indemnitee requesting
such payment or payments from time to time, whether prior to or after final
disposition of such Proceeding, and (b) a written affirmation from
Indemnitee of Indemnitee’s good faith belief that Indemnitee has met the
standard of conduct necessary for Indemnitee to be permitted to be indemnified
under applicable law.  Such statement or
statements shall reasonably evidence the Expenses incurred, or in the case of
retainers, to be incurred, by Indemnitee. 
Any such payment by the Company is referred to in this Agreement as an “Expense
Advance.”  In connection with any request
for an Expense Advance, if requested by the Company, Indemnitee or Indemnitee’s
counsel shall also submit an affidavit stating that the Expenses incurred were,
or in the case of retainers to be incurred, are, reasonable.  Any dispute as to the reasonableness of any
Expense shall not delay an Expense Advance by the Company, and the Company
agrees that any such dispute shall be resolved only upon the disposition or
conclusion of the underlying Claim against Indemnitee.  Indemnitee

 

5

 

hereby undertakes and agrees
(which agreement shall be an unsecured obligation of Indemnitee) that
Indemnitee will reimburse and repay the Company without interest for any
Expense Advance to the extent that it shall ultimately be determined (in a
final adjudication by a court from which there is no further right of appeal or
in a final adjudication of an arbitration pursuant to Section 5.1 if
Indemnitee elects to seek such arbitration) that Indemnitee is not entitled to
be indemnified by the Company against such Expenses.  Indemnitee shall be entitled to engage
counsel of his or her choice in connection with the defense of any Claim or
Proceeding or otherwise in connection herewith.

 

Section 3.4                                                             Indemnification
for Additional Expenses.  The Company
shall indemnify Indemnitee against any and all costs and expenses (of the types
described in the definition of Expenses in Article I) and, if requested by
Indemnitee, shall (within two business days of that request) advance those
costs and expenses to Indemnitee, that are incurred by Indemnitee in connection
with any claim asserted against, or action brought by, Indemnitee for (i) indemnification
or an Expense Advance by the Company under this Agreement or any other agreement
or provision of the Company’s Articles of Incorporation or Bylaws now or
hereafter in effect relating to any Claim or Proceeding, (ii) recovery
under any directors’ and officers’ liability insurance policies maintained by
the Company, or (iii) enforcement of, or claims for breaches of, any
provision of this Agreement, in each of the foregoing situations regardless of
whether Indemnitee ultimately is determined to be entitled to that
indemnification, advance expense payment, insurance recovery, enforcement, or
damage claim, as the case may be and regardless of whether the nature of the
proceeding with respect to such matters is judicial, by arbitration, or
otherwise.

 

Section 3.5                                                             Partial
Indemnity.  If Indemnitee is entitled
under any provision of this Agreement to indemnification by the Company for
some or a portion of the Expenses, judgments, fines, penalties, and amounts
paid in settlement of a Claim or Proceeding but not, however, for all of the
total amount thereof, the Company shall nevertheless indemnify Indemnitee for
the portion thereof to which Indemnitee is entitled.  Moreover, notwithstanding any other provision
of this Agreement, to the extent that Indemnitee has been successful on the
merits or otherwise in defense of any or all Claims or Proceedings, or in
defense of any issue or matter therein, including dismissal without prejudice,
Indemnitee shall be indemnified against all Expenses incurred in connection
therewith.

 

ARTICLE IV

 

Procedure for Determination of Entitlement

to Indemnification

 

Section 4.1                                                             Request
by Indemnitee.  To obtain
indemnification under this Agreement, Indemnitee shall submit to the Company,
as promptly as practicable under the circumstances, a written request,
including therein or therewith 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.  The Secretary or an Assistant Secretary of
the Company shall, promptly upon receipt of such a request for indemnification,
advise the Board in writing that Indemnitee has requested indemnification.

 

6

 

Section 4.2                                                             Determination
of Request.  Upon receipt of the
written request by Indemnitee for indemnification pursuant to the first
sentence of Section 4.1 hereof, a determination, if required by applicable
law, with respect to whether Indemnitee is permitted under applicable law to be
indemnified shall be made in accordance with the terms of Section 4.5, in
the specific case as follows:

 

(a)                                  If
a Potential Change in Control or a Change in Control shall have occurred
subsequent to the date of this Agreement, by Independent Counsel (selected in
accordance with Section 4.3) in a written opinion to the Board and
Indemnitee, unless Indemnitee shall request that such determination be made by
the Board, or a committee of the Board, in which case by the person or persons
or in the manner provided for in clause (i) or (ii) of paragraph (b) below;
or

 

(b)                                 If
a Potential Change in Control or a Change in Control shall not have occurred
subsequent to the date of this Agreement, (i) by the Board by a majority
vote of the Disinterested Directors even though less than a quorum of the
Board, or (ii) by a majority vote of a committee consisting solely of two
or more Disinterested Directors designated to act in the matter by a majority
vote of all Disinterested Directors even though less than a quorum of the
Board, or (iii) by Independent Counsel selected by the Board or a committee
of the Board by a vote as set forth in clauses (i) or (ii) of this
paragraph (b), or if such vote is not obtainable or such a committee cannot be
established, by a majority vote of all directors, or (iv) if Indemnitee
and the Company agree, by the stockholders of the Company in a vote that
excludes the shares held by directors who are not Disinterested Directors.

 

If it is so determined that Indemnitee is permitted to be indemnified
under applicable law, payment to Indemnitee shall be made within 10 days after
such determination.  Nothing contained in
this Agreement shall require that any determination be made under this Section 4.2
prior to the disposition or conclusion of a Claim or Proceeding against
Indemnitee; provided,
however,
that Expense Advances shall continue to be made by the Company pursuant to, and
to the extent required by, the provisions of Article III.  Indemnitee shall cooperate with the person or
persons making such determination with respect to Indemnitee’s entitlement to
indemnification, including providing to such person upon reasonable advance
request any documentation or information that is not privileged or otherwise
protected from disclosure and that is reasonably available to Indemnitee and
reasonably necessary to such determination. 
Any costs or expenses (including attorneys’ fees and disbursements)
incurred by Indemnitee in so cooperating with the person or persons making such
determination shall be borne by the Company (irrespective of the determination
as to Indemnitee’s entitlement to indemnification), and the Company shall
indemnify and hold harmless Indemnitee therefrom.

 

Section 4.3                                                             Independent
Counsel.  If a Potential Change in
Control or a Change in Control shall not have occurred and the determination of
entitlement to indemnification is to be made by Independent Counsel, the
Independent Counsel shall be selected pursuant to Section 4.2(b)(iii), and
the Company shall give written notice to Indemnitee, within 10 days after
receipt by the Company of Indemnitee’s request for indemnification, specifying
the identity and address of the Independent Counsel so selected.  If a Potential Change in Control or a Change
in Control shall have occurred and the determination of entitlement to
indemnification is to be made by Independent Counsel, the Independent Counsel
shall be selected by Indemnitee, and

 

7

 

Indemnitee shall give written
notice to the Company, within 10 days after submission of Indemnitee’s request
for indemnification, specifying the identity and address of the Independent
Counsel so selected (unless Indemnitee shall request that such selection be
made by the Disinterested Directors or a committee of the Board, in which event
the Company shall give written notice to Indemnitee within 10 days after
receipt of Indemnitee’s request for the Board or a committee of the
Disinterested Directors to make such selection, specifying the identity and
address of the Independent Counsel so selected).  In either event, (i) such notice to
Indemnitee or the Company, as the case may be, shall be accompanied by a
written affirmation of the Independent Counsel so selected that it satisfies
the requirements of the definition of “Independent Counsel” in Article I
and that it agrees to serve in such capacity and (ii) Indemnitee or the
Company, as the case may be, may, within seven days after such written notice
of selection shall have been given, deliver to the Company or to Indemnitee, as
the case may be, a written objection to such selection.  Any objection to selection of Independent
Counsel pursuant to this Section 4.3 may be asserted only on the ground
that the Independent Counsel so selected does not meet the requirements of the
definition of “Independent Counsel” in Article I, and the objection shall
set forth with particularity the factual basis of such assertion.  If such written objection is timely made, the
Independent Counsel so selected may not serve as Independent Counsel unless and
until a court of competent jurisdiction (the “Court”) has determined that such
objection is without merit.  In the event
of a timely written objection to a choice of Independent Counsel, the party
originally selecting the Independent Counsel shall have seven days to make an
alternate selection of Independent Counsel and to give written notice of such
selection to the other party, after which time such other party shall have five
days to make a written objection to such alternate selection.  If, within 30 days after submission of
Indemnitee’s request for indemnification pursuant to Section 4.1, no
Independent Counsel shall have been selected and not objected to, either the
Company or Indemnitee may petition the Court for resolution of any objection
that shall have been made by the Company or Indemnitee to the other’s selection
of Independent Counsel and/or for the appointment as Independent Counsel of a
person selected by the Court or by such other person as the Court shall
designate, and the person with respect to whom an objection is so resolved or
the person so appointed shall act as Independent Counsel under Section 4.2.  The Company shall pay any and all reasonable
fees and expenses incurred by such Independent Counsel in connection with
acting pursuant to Section 4.2, and the Company shall pay all reasonable
fees and expenses incident to the procedures of this Section 4.3,
regardless of the manner in which such Independent Counsel was selected or
appointed.  Upon the due commencement of
any judicial proceeding or arbitration pursuant to Section 5.1, Independent
Counsel shall be discharged and relieved of any further responsibility in such
capacity (subject to the applicable standards of professional conduct then
prevailing).

 

Section 4.4                                                             Establishment
of a Trust.  In the event of a
Potential Change in Control or a Change in Control, the Company shall, upon
written request by Indemnitee, create a trust for the benefit of Indemnitee
(the “Trust”) and from time to time upon written request of Indemnitee shall
fund the Trust in an amount sufficient to satisfy any and all Expenses
reasonably anticipated at the time of each such request to be incurred in
connection with investigating, preparing for, and defending any Claim, and any
and all judgments, fines, penalties, and settlement amounts of any and all
Claims from time to time actually paid or claimed, reasonably anticipated, or
proposed to be paid. The amount to be deposited in the Trust pursuant to the
foregoing funding obligation shall be determined by the Independent Counsel (or
other person(s)

 

8

 

making the determination of
whether Indemnitee is permitted to be indemnified by applicable law).  The terms of the Trust shall provide that,
upon a Change in Control, (i) the Trust shall not be revoked or the principal
thereof invaded, without the written consent of Indemnitee; (ii) the
trustee of the Trust shall advance, within ten business days of a request by
Indemnitee, any and all reasonable Expenses to Indemnitee, any required
determination concerning the reasonableness of the Expenses to be made by the
Independent Counsel (and Indemnitee hereby agrees to reimburse the Trust under
the circumstances in which Indemnitee would be required to reimburse the
Company for Expense Advances under Section 3.3 of this Agreement); (iii) the
Trust shall continue to be funded by the Company in accordance with the funding
obligation set forth above; (iv) the trustee of the Trust shall promptly
pay to Indemnitee all amounts for which Indemnitee shall be entitled to
indemnification pursuant to this Agreement; and (v) all unexpended funds
in the Trust shall revert to the Company upon a final determination by the
Independent Counsel or a court of competent jurisdiction, as the case may be,
that Indemnitee has been fully indemnified under the terms of this
Agreement.  The trustee of the Trust
shall be chosen by Indemnitee and shall be an institution that is not
affiliated with Indemnitee.  Nothing in
this Section 4.4 shall relieve the Company of any of its obligations under
this Agreement.

 

Section 4.5                                                             Presumptions
and Effect of Certain Proceedings.

 

(a)                                  Indemnitee
shall be presumed to be entitled to indemnification under this Agreement upon
submission of a request for indemnification under Section 4.1, and the
Company shall have the burden of proof in overcoming that presumption in
reaching a determination contrary to that presumption.  Such presumption shall be used by Independent
Counsel (or other person or persons determining entitlement to indemnification)
as a basis for a determination of entitlement to indemnification unless the
Company provides information sufficient to overcome such presumption by clear
and convincing evidence or unless the investigation, review and analysis of
Independent Counsel (or such other person or persons) convinces Independent
Counsel by clear and convincing evidence that the presumption should not apply.

 

(b)                                 If
the person or persons empowered or selected under Article IV of this
Agreement to determine whether Indemnitee is entitled to indemnification shall
not have made a determination within 60 days after receipt by the Company of
the request by Indemnitee therefor, the requisite determination of entitlement
to indemnification shall be deemed to have been made and Indemnitee shall be
entitled to such indemnification; provided, however, that such 60-day period
may be extended for a reasonable time, not to exceed an additional 30 days, if
the person making the determination with respect to entitlement to
indemnification in good faith requires such additional time for the obtaining
or evaluating of documentation and/or information relating to such
determination; and provided, further, that the 60-day limitation set forth in this Section 4.5(b) shall
not apply and such period shall be extended as necessary (i) if within 30
days after receipt by the Company of the request for indemnification under Section 4.1
Indemnitee and the Company have agreed, and the Board has resolved to submit
such determination to the stockholders of the Company pursuant to Section 4.2(b) for
their consideration at an annual meeting of stockholders to be held within 90
days after such agreement and such determination is made thereat, or a special
meeting of stockholders is called within 30 days after such receipt for the
purpose of making such determination, such meeting is held for such purpose
within 60 days after having been so called and such determination is made
thereat, or (ii) if the

 

9

 

determination
of entitlement to indemnification is to be made by Independent Counsel pursuant
to Section 4.2(a) of this Agreement, in which case the applicable
period shall be as set forth in Section 5.1(c).

 

(c)                                  The
termination of any Proceeding or of any Claim, issue or matter by judgment,
order, settlement (whether with or without court approval) or conviction, or
upon a plea of nolo
contendere
or its equivalent, shall not (except as otherwise expressly provided in this
Agreement) by itself adversely affect the rights of Indemnitee to indemnification
or create a presumption that Indemnitee met any particular standard of conduct,
that Indemnitee had any particular belief, or that a court has determined that
indemnification is not permitted by applicable law.  Indemnitee shall be deemed to have been found
liable in respect of any Claim, issue or matter only after Indemnitee shall
have been so adjudged by the Court after exhaustion of all appeals therefrom.

 

ARTICLE V

 

Certain Remedies of Indemnitee

 

Section 5.1                                                             Indemnitee
Entitled to Adjudication in an Appropriate Court. If (a) a
determination is made pursuant to Article IV that Indemnitee is not
entitled to indemnification under this Agreement; (b) there has been any
failure by the Company to make timely payment or advancement of any amounts due
hereunder; or (c) the determination of entitlement to indemnification is
to be made by Independent Counsel pursuant to Section 4.2 and such
determination shall not have been made and delivered in a written opinion
within 90 days after the latest of (i) such Independent Counsel’s being
appointed, (ii) the overruling by the Court of objections to such counsel’s
selection, or (iii) expiration of all periods for the Company or
Indemnitee to object to such counsel’s selection, Indemnitee shall be entitled
to commence an action seeking an adjudication in the Court of Indemnitee’s
entitlement to such indemnification or advancement of Expenses.  Alternatively, Indemnitee, at Indemnitee’s
option, may seek an award in arbitration to be conducted by a single arbitrator
pursuant to the commercial arbitration rules of the American Arbitration
Association.  Indemnitee shall commence
such action seeking an adjudication or an award in arbitration within 180 days
following the date on which Indemnitee first has the right to commence such
action pursuant to this Section 5.1, or such right shall expire.  The Company agrees not to oppose Indemnitee’s
right to seek any such adjudication or award in arbitration.

 

Section 5.2                                                             Adverse
Determination Not to Affect any Judicial Proceeding.  If a determination shall have been made
pursuant to Article IV that Indemnitee is not entitled to indemnification
under this Agreement, any judicial proceeding or arbitration commenced pursuant
to this Article V shall be conducted in all respects as a de  novo trial
or arbitration on the merits, and Indemnitee shall not be prejudiced by reason
of such initial adverse determination. 
In any judicial proceeding or arbitration commenced pursuant to this Article V,
Indemnitee shall be presumed to be entitled to indemnification or advancement
of Expenses, as the case may be, under this Agreement and the Company shall
have the burden of proof in overcoming such presumption and to show by clear
and convincing evidence that Indemnitee is not entitled to indemnification or
advancement of Expenses, as the case may be.

 

10

 

Section 5.3                                                             Company
Bound by Determination Favorable to Indemnitee in any Judicial Proceeding or
Arbitration.  If a determination
shall have been made or deemed to have been made pursuant to Article IV
that Indemnitee is entitled to indemnification, the Company shall be
irrevocably bound by such determination in any judicial proceeding or
arbitration commenced pursuant to this Article V, and shall be precluded
from asserting that such determination has not been made or that the procedure
by which such determination was made is not valid, binding and enforceable,
absent (i) a misstatement by Indemnitee of a material fact, or an omission
of a material fact necessary to make Indemnitee’s statement not materially
misleading, in connection with the request for indemnification, or (ii) a
prohibition of such indemnification under applicable law.

 

Section 5.4                                                             Company
Bound by the Agreement.  The Company
shall be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Article V that the procedures and presumptions
of this Agreement are not valid, binding and enforceable and shall stipulate in
any such court or before any such arbitrator that the Company is bound by all
the provisions of this Agreement.

 

ARTICLE VI

 

Contribution

 

Section 6.1                                                             Contribution
Payment.  To the fullest extent
permitted by applicable law, if the indemnification provided for under any
provision of this Agreement is determined (in the manner hereinabove provided)
not to be available to Indemnitee for any reason whatsoever, then in the event
Indemnitee was, is, or becomes a party to or witness or other participant in,
or is threatened to be made a party to or witness or other participant in, a
Proceeding by reason of (or arising in part out of) Indemnitee’s Corporate
Status, the Company, in lieu of indemnifying Indemnitee, shall contribute to
the amount of any and all Expenses, judgments, fines, or penalties assessed
against or incurred or paid by Indemnitee on account of such Proceeding and any
and all amounts paid in settlement of that Proceeding (including all interest,
assessments, and other charges paid or payable in connection with or in respect
of such Expenses, judgments, fines, penalties, or amounts paid in settlement)
for which such indemnification is not permitted (“Contribution Amounts”), in
such proportion as is appropriate to reflect the relative fault with respect to
the subject matter of the Proceeding giving rise to the Contribution Amounts of
Indemnitee, on the one hand, and of the Company and any and all other parties
(including officers and directors of the Company other than Indemnitee) who may
be at fault with respect to such matter (collectively, including the Company,
the “Third Parties”) on the other hand.

 

Section 6.2                                      Relative
Fault.  The relative fault of the
Third Parties and Indemnitee shall be determined (i) by reference to the
relative fault of Indemnitee as determined by the court or other governmental
agency assessing the Contribution Amounts or (ii) to the extent such court
or other governmental agency does not apportion relative fault, by the
Independent Counsel (or such other party which makes a determination under Article IV)
after giving effect to, among other things, the relative intent, knowledge,
access to information, and opportunity to prevent or correct the subject matter
of the Proceedings and other relevant equitable considerations of each party.  The Company and Indemnitee agree that it
would not be just and equitable if contribution

 

11

 

pursuant to this Section 6.2
were determined by pro rata allocation or by any other method of allocation
which does take account of the equitable considerations referred to in this Section 6.2.

 

ARTICLE VII

 

Miscellaneous

 

Section 7.1                                                             Non-Exclusivity.  The rights of Indemnitee to receive
indemnification and advancement of Expenses under this Agreement shall be in
addition to, and shall not be deemed exclusive of, any other rights Indemnitee
shall have under the NRS or other applicable law, the charter or bylaws of the
Company, any other agreement, vote of stockholders or a resolution of
directors, or otherwise.  No amendment or
alteration of the charter or bylaws of the Company or any provision thereof
shall adversely affect Indemnitee’s rights hereunder and such rights shall be
in addition to any rights Indemnitee may have under the charter, bylaws and the
NRS or other applicable law.  To the extent
that there is a change in the NRS or other applicable law (whether by statute
or judicial decision) that allows greater indemnification by agreement than
would be afforded currently under the Company’s charter or bylaws and this
Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy
by virtue of this Agreement the greater benefit so afforded by such
change.  Any amendment, alteration or
repeal of the NRS that adversely affects any right of Indemnitee shall be
prospective only and shall not limit or eliminate any such right with respect
to any Proceeding involving any occurrence or alleged occurrence of any action
or omission to act that took place before such amendment or repeal.

 

Section 7.2                                                             Insurance
and Subrogation.

 

(a)                                  To
the extent that the Company maintains an insurance policy or policies providing
liability insurance for directors, officers, employees, agents or fiduciaries
of the Company or for individuals serving at the request of the Company as
directors, officers, partners, venturers, proprietors, trustees, employees,
agents, fiduciaries or similar functionaries of another foreign or domestic
corporation, partnership, joint venture, sole proprietorship, trust, employee
benefit plan or other enterprise, Indemnitee shall be covered by such policy or
policies in accordance with its or their terms to the maximum extent of the
coverage available for any such director, officer, employee, agent or fiduciary
under such policy or policies.

 

(b)                                 In
the event of any payment by the Company under this Agreement, the Company shall
be subrogated to the extent of such payment to all of the rights of recovery of
Indemnitee, who shall execute all papers required and take all action necessary
to secure such rights, including execution of such documents as are necessary
to enable the Company to bring suit to enforce such rights.

 

(c)                                  The
Company shall not be liable under this Agreement to make any payment of amounts
otherwise indemnifiable hereunder if and to the extent that Indemnitee has otherwise
actually received such payment under the Company’s charter or bylaws or any
insurance policy, contract, agreement or otherwise.

 

(d)                                 If
Indemnitee is a director of the Company, the Company will advise the Board of
any proposed material reduction in the coverage for Indemnitee to be provided
by the

 

12

 

Company’s
directors’ and officers’ liability insurance policy and will not effect such a
reduction with respect to Indemnitee without the prior approval of at least 80%
of the Independent Directors of the Company.

 

(e)                                  If
Indemnitee is a director of the Company during the term of this Agreement and
if Indemnitee ceases to be a director of the Company for any reason, the
Company shall procure a run-off directors’ and officers’ liability insurance
policy with respect to claims arising from facts or events that occurred before
the time Indemnitee ceased to be a director of the Company and covering
Indemnitee, which policy, without any lapse in coverage, will provide coverage
for a period of six years after the time Indemnitee ceased to be a director of
the Company and will contain terms and conditions (including amount and type of
coverage and size of deductibles) that are substantially comparable to the Company’s
directors’ and officers’ liability insurance policy that was most protective of
Indemnitee in the 12 months preceding the time Indemnitee ceased to be a
director of the Company; provided, however, that:

 

(i)                                     this
obligation shall be suspended during the period immediately following the time
Indemnitee ceases to be a director of the Company if and only so long as the
Company has a directors’ and officers’ liability insurance policy in effect
covering Indemnitee for such claims that, if it were a run-off policy, would
meet or exceed the foregoing standards, but in any event this suspension period
shall end when a Change in Control occurs; and

 

(ii)                                  no
later than the end of the suspension period provided in the preceding clause (i) (whether
because of failure to have a policy meeting the foregoing standards or because
a Change in Control occurs), the Company shall procure a run-off directors’ and
officers’ liability insurance policy meeting the foregoing standards and
lasting for the remainder of the six-year period.

 

(f)                                    Notwithstanding
the preceding clause (e), including the suspension provisions therein, if
Indemnitee ceases to be an officer or director of the Company in connection
with a Change in Control or at or during the one-year period following the
occurrence of a Change in Control, the Company shall procure a run-off
directors’ and officers’ liability insurance policy covering Indemnitee and
meeting the foregoing standards in clause (e) and lasting for a six-year
period upon the Indemnitee’s ceasing to be an officer or director of the
Company in such circumstances.

 

Section 7.3                                                             Self
Insurance of the Company; Other Arrangements.  The parties hereto recognize that the Company
may, but except as provided in Section 7.2(d)  and Section 7.2(e) is
not required to, procure or maintain insurance or other similar arrangements,
at its expense, to protect itself and any person, including Indemnitee, who is
or was a director, officer, employee, agent or fiduciary of the Company or who
is or was serving at the request of the Company as a director, officer,
partner, venturer, proprietor, trustee, employee, agent, fiduciary or similar
functionary of another foreign or domestic corporation, partnership, joint
venture, sole proprietorship, trust, employee benefit plan or other enterprise
against any expense, liability or loss asserted against or incurred by such
person, in such a capacity or arising out of the person’s status as such a
person, whether or not the Company would have the power to indemnify such
person against such expense or liability or loss.

 

13

 

Except as provided in Section 7.2(d) and
Section 7.2(e), in considering the cost and availability of such
insurance, the Company (through the exercise of the business judgment of its
directors and officers) may, from time to time, purchase insurance which
provides for certain (i) deductibles, (ii) limits on payments
required to be made by the insurer, or (iii) coverage which may not be as
comprehensive as that previously included in insurance purchased by the Company
or its predecessors.  The purchase of
insurance with deductibles, limits on payments and coverage exclusions, even if
in the best interest of the Company, may not be in the best interest of
Indemnitee.  As to the Company,
purchasing insurance with deductibles, limits on payments and coverage
exclusions is similar to the Company’s practice of self-insurance in other
areas.  In order to protect Indemnitee,
who would otherwise be more fully or entirely covered under such policies, the
Company shall, to the maximum extent permitted by applicable law, indemnify and
hold Indemnitee harmless to the extent (i)  of such deductibles, (ii) of
amounts exceeding payments required to be made by an insurer, or (iii) of amounts
that prior policies of directors’ and officers’ liability insurance held by the
Company or its predecessors would have provided for payment to Indemnitee, if
by reason of Indemnitee’s Corporate Status Indemnitee is or is threatened to be
made a party to any Proceeding.  The
obligation of the Company in the preceding sentence shall be without regard to
whether the Company would otherwise be required to indemnify such officer or
director under the other provisions of this Agreement, or under any law, agreement,
vote of stockholders or directors or other arrangement.   Without limiting the generality of any
provision of this Agreement, the procedures in Article IV hereof shall, to
the extent applicable, be used for determining entitlement to indemnification
under this Section 7.3.

 

Section 7.4                                                             Certain
Settlement Provisions.  The Company
shall have no obligation to indemnify Indemnitee under this Agreement for
amounts paid in settlement of a Proceeding or Claim without the Company’s prior
written consent.  The Company shall not
settle any Proceeding or Claim in any manner that would impose any fine or
other obligation on Indemnitee without Indemnitee’s prior written consent.  Neither the Company nor Indemnitee shall
unreasonably withhold their consent to any proposed settlement.

 

Section 7.5                                                             Exculpation
of Directors.  If Indemnitee is or
was a director of the Company, Indemnitee shall not in that capacity be liable
to the Company or its stockholders for monetary damages for an act or omission
in Indemnitee’s capacity as a director, except that Indemnitee’s liability
shall not be eliminated or limited for:  (a) any
breach of Indemnitee’s duty of loyalty to the Company or its stockholders; (b) any
acts or omissions not in good faith or which involve intentional misconduct or
a knowing violation of the law; (c) a transaction from which Indemnitee
derived an improper benefit; or (d) an act or omission for which the
liability of Indemnitee is expressly provided for by statute.

 

Section 7.6                                                             Duration
of Agreement.  This Agreement shall
continue for so long as Indemnitee serves as a director, officer, employee,
agent or fiduciary of the Company or, at the request of the Company, as a
director, officer, partner, venturer, proprietor, trustee, employee, agent,
fiduciary or similar functionary of another foreign or domestic corporation,
partnership, joint venture, sole proprietorship, trust, employee benefit plan
or other enterprise, and thereafter shall survive until and terminate upon the
later to occur of:  (a) the expiration
of 20 years after the latest date that Indemnitee shall have ceased to serve in
any such capacity; (b) the final termination of all pending Proceedings in
respect of which Indemnitee is granted rights of indemnification or advancement
of Expenses hereunder and of any proceeding commenced by

 

14

 

Indemnitee pursuant to Article IV
relating thereto; or (c) the expiration of all statutes of limitation
applicable to possible Claims arising out of Indemnitee’s Corporate Status.

 

Section 7.7                                                             Notice
by Each Party.  Indemnitee shall
promptly notify the Company in writing upon being served with any summons,
citation, subpoena, complaint, indictment, information or other document or
communication relating to any Proceeding or Claim for which Indemnitee may be
entitled to indemnification or advancement of Expenses hereunder; provided, however,
that any failure of Indemnitee to so notify the Company shall not adversely
affect Indemnitee’s rights under this Agreement except to the extent the
Company shall have been materially prejudiced as a direct result of such
failure.  The Company shall promptly
notify Indemnitee in writing as to the pendency of any Proceeding or Claim that
may involve a claim against Indemnitee for which Indemnitee may be entitled to
indemnification or advancement of Expenses hereunder.

 

Section 7.8                                                             Amendment.  This Agreement may not be modified or amended
except by a written instrument executed by or on behalf of each of the parties
hereto.

 

Section 7.9                                                             Waivers.  The observance of any term of this Agreement
may be waived (either generally or in a particular instance and either
retroactively or prospectively) by the party entitled to enforce such term only
by a writing signed by the party against which such waiver is to be
asserted.  Unless otherwise expressly
provided herein, no delay on the part of any party hereto in exercising any
right, power or privilege hereunder shall operate as a waiver thereof, nor shall
any waiver on the part of any party hereto of any right, power or privilege
hereunder operate as a waiver of any other right, power or privilege hereunder
nor shall any single or partial exercise of any right, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of any
other right, power or privilege hereunder.

 

Section 7.10                                                       Entire
Agreement.  This Agreement and the
documents expressly referred to herein constitute the entire agreement between
the parties hereto with respect to the matters covered hereby, and any other
prior or contemporaneous oral or written understandings or agreements with
respect to the matters covered hereby are expressly superseded by this
Agreement.

 

Section 7.11                                                       Severability.  If any provision of this Agreement (including
any provision within a single section, paragraph or sentence) or the
application of such provision to any Person or circumstance, shall be
judicially declared to be invalid, unenforceable or void, such decision will
not have the effect of invalidating or voiding the remainder of this Agreement
or affect the application of such provision to other Persons or circumstances,
it being the intent and agreement of the parties that this Agreement shall be
deemed amended by modifying such provision to the extent necessary to render it
valid, legal and enforceable while preserving its intent, or if such
modification is not possible, by substituting therefor another provision that
is valid, legal and unenforceable and that achieves the same objective. Any
such finding of invalidity or unenforceability shall not prevent the
enforcement of such provision in any other jurisdiction to the maximum extent
permitted by applicable law.

 

Section 7.12                                                       Notices.
All notices and other communications hereunder shall be in writing and shall be
deemed given upon (a) transmitter’s confirmation of a receipt of a
facsimile

 

15

 

transmission if during normal
business hours of the recipient, otherwise on the next business day, (b) confirmed
delivery of a standard overnight courier or when delivered by hand or (c) the
expiration of five business days after the date mailed by certified or
registered mail (return receipt requested), postage prepaid, to the parties at
the following addresses (or at such other addresses for a party as shall be
specified by like notice):

 

	
  If to the Company, to it at:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Haggar Corp.

  11511 Luna Road

  Dallas, Texas 75234

  Attn: Corporate Secretary

  Facsimile: (214) 956-4561

  	
   

  
	
   

  	
   

  	
   

  
	
  If to Indemnitee, to Indemnitee at its
  address set forth on the signature page hereto.

  
				

 

or to such other address or to such other individuals as any party
shall have last designated by notice to the other parties.  All notices and other communications given to
any party in accordance with the provisions of this Agreement shall be deemed
to have been given when delivered or sent to the intended recipient thereof in
accordance with and as provided in the provisions of this Section 7.12.

 

Section 7.13                                                       Governing
Law.  This Agreement shall be
construed in accordance with and governed by the laws of the State of Nevada
without regard to the principles of conflict of laws.

 

Section 7.14                                                       Certain
Construction Rules.

 

(a)                                  The
article and section headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.  As
used in this Agreement, unless otherwise provided to the contrary, (1) all
references to days shall be deemed references to calendar days and (2) any
reference to a “Section” or “Article” shall be deemed to refer to a section or
article of this Agreement.  The
words “hereof,” “herein” and “hereunder” and words of similar import referring
to this Agreement refer to this Agreement as a whole and not to any particular
provision of this Agreement.  Whenever
the words “include,” “includes” or “including” are used in this Agreement, they
shall be deemed to be followed by the words “without limitation.”  Unless otherwise specifically provided for
herein, the term “or” shall not be deemed to be exclusive.  Whenever the context may require, any pronoun
used in this Agreement shall include the corresponding masculine, feminine or
neuter forms, and the singular form of nouns, pronouns and verbs shall include
the plural and vice versa.

 

(b)                                 For
purposes of this Agreement, references to “other enterprises” shall include
employee benefit plans; references to “fines” shall include any excise taxes
assessed on a person with respect to any employee benefit plan; references to “serving
at the request of the Company” shall include any service as a director,
officer, employee or agent of the Company which imposes duties on, or involves
services by, such director, nominee, officer, employee or

 

16

 

agent with
respect to an employee benefit plan, its participants or beneficiaries; and a
person who acted in good faith and in a manner the person reasonably believed
to be in the interests of the participants and beneficiaries of an employee
benefit plan shall be deemed to have acted in a manner “not opposed to the best
interest of the Company” for purposes of this Agreement and the NRS.

 

Section 7.15                                                       Counterparts.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original and all of which
together shall be deemed to be one and the same instrument, notwithstanding
that both parties are not signatories to the original or same counterpart.

 

Section 7.16                                                       Certain
Persons Not Entitled to Indemnification. 
Notwithstanding any other provision of this Agreement (but subject to Section 7.1),
Indemnitee shall not be entitled to indemnification or advancement of Expenses
pursuant to the terms of this Agreement with respect to any Proceeding or any
Claim, issue or matter therein, brought or made by Indemnitee against the
Company, except as specifically provided in Article III, Article IV
or Section 7.3.  In addition, the
Company shall not be obligated pursuant to the terms of this Agreement:

 

(a)                                  To
indemnify Indemnitee if (and to the extent that) a final decision by a court or
arbitration body having jurisdiction in the matter shall determine that such
indemnification is not lawful;

 

(b)                                 To
indemnify Indemnitee for the payment to the Company of profits pursuant to, or
Expenses incurred by Indemnitee for Proceedings to the extent under, Section 16(b) of
the Exchange Act;

 

(c)                                  To
indemnify Indemnitee for Expenses, liabilities or reimbursement of the Company
of bonuses or other incentive-based or equity-based compensation, and the
reimbursement of the Company of profits realized from the sale of securities of
the Company incurred by Indemnitee, to the extent that such Expenses,
liabilities and reimbursements directly arise from an accounting restatement of
the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the
“Sarbanes-Oxley Act”); or

 

(d)                                 To
indemnify Indemnitee for any Expenses, liabilities and the payment of profits
arising from the purchase and sale by Indemnitee of securities in violation of Section 306
of the Sarbanes-Oxley Act.

 

Section 7.17                                                       Indemnification
for Negligence, Gross Negligence, etc. 
Without limiting the generality of any other provision hereunder, it is
the express intent of this Agreement that Indemnitee be indemnified and
Expenses be advanced regardless of Indemnitee’s acts of negligence or gross
negligence to the extent that indemnification and advancement of Expenses is
allowed pursuant to the terms of this Agreement and under applicable law.

 

Section 7.18                                                       Mutual
Acknowledgments.  Both the Company
and Indemnitee acknowledge that in certain instances, applicable law (including
applicable federal law that may preempt or override applicable state law) or
public policy may prohibit the Company from indemnifying the directors,
officers, employees, agents or fiduciaries of the Company under this Agreement
or otherwise.  For example, the Company
and Indemnitee acknowledge that the U.S.

 

17

 

Securities and Exchange
Commission has taken the position that indemnification of directors, officers
and controlling Persons of the Company for liabilities arising under federal
securities laws is against public policy and, therefore, unenforceable.  Indemnitee understands and acknowledges that
the Company has undertaken or may be required in the future to undertake with
the Securities and Exchange Commission to submit the question of
indemnification to a court in certain circumstances for a determination of the
Company’s right under public policy to indemnify Indemnitee.  In addition, the Company and Indemnitee
acknowledge that federal law prohibits indemnifications for certain violations
of the Employee Retirement Income Security Act of 1974, as amended.

 

Section 7.19                                                       Enforcement.  The Company agrees that its execution of this
Agreement shall constitute a stipulation by which it shall be irrevocably bound
in any court or arbitration in which a proceeding by Indemnitee for enforcement
of Indemnitee’s rights hereunder shall have been commenced, continued or appealed,
that its obligations set forth in this Agreement are unique and special, and
that failure of the Company to comply with the provisions of this Agreement
will cause irreparable and irremediable injury to Indemnitee, for which a
remedy at law will be inadequate.  As a
result, in addition to any other right or remedy Indemnitee may have at law or
in equity with respect to breach of this Agreement, Indemnitee shall be
entitled to injunctive or mandatory relief directing specific performance by
the Company of its obligations under this Agreement.  The Company agrees not to seek, and agrees to
waive any requirement for the securing or posting of, a bond in connection with
Indemnitee’s seeking or obtaining such relief.

 

Section 7.20                                                       Successors
and Assigns. All of the terms and provisions of this Agreement shall be
binding upon, shall inure to the benefit of and shall be enforceable by the
parties hereto and their respective successors, assigns, heirs, executors,
administrators, legal representatives. 
The Company shall require and cause any successor (whether direct or
indirect by purchase, merger, consolidation or otherwise) to all or
substantially all, or a substantial portion of the business or assets of the
Company, by written agreement in form and substance reasonably satisfactory to
Indemnitee, expressly to assume and agree to perform this Agreement in the
manner and to the same extent that the Company would be required to perform if
no such succession had taken place.

 

Section 7.21                                                       Period
of Limitations.  No legal action
shall be brought and no cause of action shall be asserted by or on behalf of
the Company or any affiliate of the Company against Indemnitee or Indemnitee’s
spouse, heirs, executors, or personal or legal representatives after the
expiration of one year from the date of accrual of that cause of action, and
any claim or cause of action of the Company or its affiliate shall be
extinguished and deemed released unless asserted by the timely filing of a
legal action within that one-year period; provided, however,
that for any claim based on Indemnitee’s breach of fiduciary duties to the
Company or its stockholders, the period set forth in the preceding sentence
shall be three years instead of one year; and provided,
further, that, if any shorter period of limitations is otherwise
applicable to any such cause of action, the shorter period shall govern.

 

[Remainder of page is intentionally blank.]

 

18

 

IN WITNESS WHEREOF, this
Agreement has been duly executed and delivered to be effective as of the date
first above written.

 

	
   

  	
  HAGGAR CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  INDEMNITEE:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
   

  
	
   

  	
  Address:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
						

 

19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]