Common use of Effect of Certain Resolutions Clause in Contracts

Effect of Certain Resolutions. Neither the settlement or termination of any Proceeding nor the failure of the Company to award indemnification or to determine that indemnification is payable shall create an adverse presumption that Indemnitee is not entitled to

Appears in 1 contract

Sources: Director Indemnification Agreement (Synchronicity Inc)

Effect of Certain Resolutions. Neither the settlement or termination of any Proceeding nor the failure of the Company to award indemnification or to determine that indemnification is payable shall create an adverse presumption that Indemnitee is not entitled toto indemnification hereunder. In addition, the termination of any proceeding by judgment, order, settlement,

Appears in 1 contract

Sources: Director Indemnification Agreement (Cupertino Electric Inc)