Authorization and Approval. The Company confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it under this Agreement to induce Indemnitee to continue as a director and/or officer of the Company, and acknowledges that Indemnitee is relying upon the full enforcement and binding nature of this Agreement in continuing in such capacity. The Company represents and warrants to Indemnitee that all requisite corporate action has or will be taken promptly to authorize and approve this Agreement, including obtaining Board and/or shareholder approval of this Agreement.
Appears in 3 contracts
Sources: Indemnification Agreement (A Consulting Team Inc), Indemnification Agreement (Aramex International LTD), Indemnification Agreement (Mile High Brewing Co)
Authorization and Approval. The Company confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it under this Agreement to induce Indemnitee to become and continue as a director and/or officer director, officer, employee or agent of the Company, and acknowledges that Indemnitee is relying upon the full enforcement and binding nature of this Agreement in accepting and continuing in such capacity. The Company represents and warrants to Indemnitee that all requisite corporate action has or will be taken promptly to authorize and approve this Agreement, including obtaining Board and/or shareholder approval of this Agreement.
Appears in 2 contracts
Sources: Executive Employment Agreement (West Marine Inc), Indemnification Agreement (West Marine Inc)
Authorization and Approval. The Company confirms and ---------------------------- agrees that it has entered into this Agreement and assumed the obligations imposed on it under this Agreement to induce Indemnitee to continue as a director and/or officer of the Company, and acknowledges that Indemnitee is relying upon the full enforcement and binding nature of this Agreement in continuing in such capacity. The Company represents and warrants to Indemnitee that all requisite corporate action has or will be taken promptly to authorize and approve this Agreement, including obtaining Board and/or shareholder approval of this Agreement.
Appears in 1 contract