Common use of Parent and Merger Clause in Contracts

Parent and Merger. Sub agree that all rights to indemnification existing in favor of each Person (the "Indemnified Parties") who is at the Effective Time or prior thereto has been an employee, agent, director or officer of the Company and the Company Subsidiaries as provided in their respective charters, by-laws or resolutions identified in the Company Disclosure Schedule, in an agreement between an Indemnified Party and the Company or any of the Company Subsidiaries (which agreement is identified in the Company Disclosure Schedule) will survive the Merger and will continue in full force and effect for a period of not less than six years from the Effective Time. In the event any claim is asserted or made within such six-year period, all rights to indemnification in respect of any such claim will continue until final disposition thereof.