Common use of Disinterested Directors Clause in Contracts

Disinterested Directors. For purposes of this Agreement, “disinterested directors” mean any director of the Company who is not or was not a party to the proceeding in respect of which indemnification is being sought by a covered person.

Appears in 17 contracts

Sources: Employment Agreement, Indemnity Agreement (Cadence Design Systems Inc), Employment Agreement (Cadence Design Systems Inc)