POTENTIAL CONFLICTS OF INTERESTS. In the event that the assumption by Executive of the duties of Chief Executive Officer of both Companies creates a conflict of interest, the Companies shall indemnify, defend and hold harmless Executive from and against any and all claims, losses, damages, causes of action or other proceedings, and any and all other liabilities of any nature whatsoever, which arise out of or relate to such alleged conflict. Nothing contained in this Section 9.9 shall be deemed to be an admission by the Companies that such a conflict exists, and notwithstanding the Companies agreement to abide by the terms of this Section 9.9, the Companies expressly disclaim that such a conflict exists.
Appears in 2 contracts
Sources: Employment Agreement (Checkers Drive in Restaurants Inc /De), Employment Agreement (Checkers Drive in Restaurants Inc /De)