Insurance and Subrogation. To the extent the Corporation maintains an insurance policy or policies providing liability insurance for directors or officers of the Corporation or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such person serves at the request of the Corporation, Director shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of coverage available for any such director or officer under such policy or policies. In the event of any payment hereunder, the Corporation shall be subrogated to the extent of such payment to all the rights of recovery of Director, 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 Corporation to bring suit to enforce such rights. The Corporation shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if, and to the extent that, Director has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.
Appears in 4 contracts
Sources: Indemnification Agreement (Rocky Mountain Chocolate Factory, Inc.), Board of Directors Agreement (Knightscope, Inc.), Indemnification Agreement (Rocky Mountain Chocolate Factory Inc)
Insurance and Subrogation. To the extent the Corporation maintains The Company may maintain, at its expense, an insurance policy or policies providing liability insurance for directors or officers of the Corporation Company or of any other corporation, partnership, joint venture, trust, employee benefit plan trust or other enterprise which such person serves at the request of the Corporation, Director shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of coverage available for Company against any such director expense, liability or officer loss, whether or not the Company would have the power to indemnify such person against such expense, liability or loss under such policy or policiesapplicable law. In the event of any payment hereunder, the Corporation Company shall be subrogated to the extent of such payment to all the rights of recovery of Directorthe Officer, 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 Corporation Company to bring suit to enforce such rights. The Corporation Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if, and but only to the extent that, Director the Officer has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.
Appears in 3 contracts
Sources: Indemnification Agreement (Cavco Industries Inc.), Indemnification Agreement (Cavco Industries Inc.), Indemnification Agreement (Cavco Industries Inc.)
Insurance and Subrogation. To the extent the Corporation maintains an insurance policy or policies providing liability insurance for directors or officers of the Corporation or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such person serves at the request of the Corporation, Director Officer shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of coverage available for any such director or officer under such policy or policies. In the event of any payment hereunder, the Corporation shall be subrogated to the extent of such payment to all the rights of recovery of DirectorOfficer, 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 Corporation to bring suit to enforce such rights. The Corporation shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if, and to the extent that, Director Officer has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.
Appears in 2 contracts
Sources: Indemnification Agreement (Rocky Mountain Chocolate Factory Inc), Indemnification Agreement (Rocky Mountain Chocolate Factory Inc)
Insurance and Subrogation. To the extent the Corporation maintains The Company may maintain, at its expense, an insurance policy or policies providing liability insurance for directors or officers of the Corporation Company or of any other corporation, partnership, joint venture, trust, employee benefit plan trust or other enterprise which such person serves at the request of the Corporation, Director shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of coverage available for Company against any such director expense, liability or officer loss, whether or not the Company would have the power to indemnify such person against such expense, liability or loss under such policy or policiesapplicable law. In the event of any payment hereunder, the Corporation Company shall be subrogated to the extent of such payment to all the rights of recovery of the Director, 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 Corporation Company to bring suit to enforce such rights. The Corporation Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if, and but only to the extent that, the Director has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.
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Insurance and Subrogation. To the extent the Corporation maintains an insurance policy or policies providing liability insurance for directors or officers of the Corporation or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such person serves at the request of the Corporation, Director Officer shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of coverage available for any such director or officer under such policy or policies. In the event of any payment hereunder, the Corporation shall be subrogated to the extent of such payment to all the rights of recovery of DirectorofOfficer, 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 Corporation to bring suit to enforce such rights. The Corporation shall not be liable under this Agreement to make any payment anypayment of amounts otherwise indemnifiable hereunder if, and to the extent that, Director Officer has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.
Appears in 1 contract
Sources: Indemnification Agreement (Rocky Mountain Chocolate Factory Inc)
Insurance and Subrogation. To the extent the Corporation maintains an insurance policy or policies providing liability insurance for directors or officers of the Corporation or of any other corporation, partnership, joint venture, trust, trust employee benefit plan or other enterprise which such person serves at the request of the Corporation, Director Directors shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of coverage available for any such director or officer under such policy or policies. In the event of any payment hereunder, the Corporation Company shall be subrogated to the extent of such payment to all the rights of recovery of Director, 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 Corporation Company to bring suit to enforce such rights. The Corporation Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if, and to the extent that, Director has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.
Appears in 1 contract
Sources: Indemnification Agreement (Toreador Resources Corp)
Insurance and Subrogation. To the extent the Corporation maintains an insurance policy or policies providing liability insurance for directors or officers of the Corporation or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such person serves at the request of the Corporation, Director shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of coverage available for any such director or officer under such policy or policies. In the event of any payment hereunder, the Corporation shall be subrogated to the extent of such payment to all the rights of recovery of Director, 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 Corporation to bring suit to enforce such rights. The Corporation shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if, and to the extent that, Director has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise..
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