Indemnification Matters. The Company hereby acknowledges that it will enter into indemnification agreements with each director on the Board and shall be liable for the full amount of all expenses, judgments, penalties, fines and amounts paid in settlement by or on behalf of any such director on the Board to the extent legally permitted and as required by the Company’s Certificate of Incorporation or Bylaws of the Company (or any agreement between the Company and such director).
Appears in 3 contracts
Sources: Investors’ Rights Agreement, Investors’ Rights Agreement (Principia Biopharma Inc.), Investors’ Rights Agreement (Principia Biopharma Inc.)