Common use of Service by the Indemnitee Clause in Contracts

Service by the Indemnitee. The Indemnitee shall serve and/or continue to serve as a director, officer and/or employee of the Company and/or its subsidiaries faithfully and to the best of the Indemnitee’s ability so long as the Indemnitee is duly elected or appointed and until such time as the Indemnitee’s successor is elected and qualified or the Indemnitee is removed as permitted by applicable law or tenders a resignation. Service at any subsidiary of the Company shall be deemed to be service at the request of the Company for purposes of this Agreement. By entering into this Agreement, Indemnitee is deemed to be serving at the request of the Company, and the Company is deemed to be requesting such service.

Appears in 9 contracts

Sources: Indemnification Agreement (Spectral Ip, Inc.), Indemnification Agreement (Excelerate Energy, Inc.), Indemnification Agreement (Spectral Ip, Inc.)

Service by the Indemnitee. The Indemnitee shall serve and/or continue to serve as a director, officer and/or employee of the Company and/or its subsidiaries faithfully and to the best of the Indemnitee’s ability so long as the Indemnitee is duly elected or appointed and until such time as the Indemnitee’s successor is elected and qualified or the Indemnitee is removed as permitted by applicable law or tenders a resignation. Service at any subsidiary of the Company shall be deemed to be service at the request of the Company for purposes of this Agreement. By entering into this Agreement, Indemnitee is deemed to be serving at the request of the Company, and the Company is deemed to be requesting such service.. ​

Appears in 3 contracts

Sources: Indemnification Agreement (ScanTech AI Systems Inc.), Indemnification Agreement (ScanTech AI Systems Inc.), Indemnification Agreement (ScanTech AI Systems Inc.)

Service by the Indemnitee. The Indemnitee shall serve and/or or continue to serve as a director, director or officer and/or employee of the Company and/or its subsidiaries faithfully and to the best of the Indemnitee’s ability so long as the Indemnitee is duly elected or appointed and until such time as the Indemnitee’s successor is elected and qualified or the Indemnitee is removed as permitted by applicable law and the Bylaws or tenders a resignation. Service at any subsidiary Subsidiary of the Company shall be deemed to be service at the request of the Company for purposes of this Agreement. By entering into this Agreement, Indemnitee is deemed to be serving at the request of the Company, and the Company is deemed to be requesting such service.

Appears in 1 contract

Sources: Indemnification Agreement (PDL Biopharma, Inc.)

Service by the Indemnitee. The Indemnitee shall serve and/or continue to serve as a director, director or officer and/or employee of the Company and/or its subsidiaries faithfully and to the best of the Indemnitee’s ability so long as the Indemnitee is duly elected or appointed and until such time as the Indemnitee’s successor is elected and qualified or the Indemnitee is removed as permitted by applicable law or tenders a resignationresignation in writing. Service at the General Partner and the Partnership, and service at any direct or indirect majority-owned subsidiary of the Company (including the General Partner and the Partnership following the completion of the Company’s initial public offering), shall be deemed to be service at the request of the Company for purposes of this Agreement. By entering into this Agreement, Indemnitee is deemed to be serving at the request of the Company, and the Company is deemed to be requesting such service.

Appears in 1 contract

Sources: Indemnification Agreement (StepStone Group Inc.)

Service by the Indemnitee. The Indemnitee shall serve and/or continue to serve as a director, director or officer and/or employee of the Company and/or its subsidiaries Corporation faithfully and to the best of the Indemnitee’s ability so long as the Indemnitee is duly elected or appointed and until such time as the Indemnitee’s successor is elected and qualified or the Indemnitee is removed as permitted by applicable law or tenders a resignationresignation in writing. Service at the Company, and service at any direct or indirect majority-owned subsidiary of the Corporation (including the Company following the completion of the Corporation’s initial public offering), shall be deemed to be service at the request of the Company Corporation for purposes of this Agreement. By entering into this Agreement, Indemnitee is deemed to be serving at the request of the CompanyCorporation, and the Company Corporation is deemed to be requesting such service.

Appears in 1 contract

Sources: Indemnification Agreement (Viant Technology Inc.)

Service by the Indemnitee. The Indemnitee shall serve and/or continue to serve as a director, director or officer and/or employee of the Company and/or its subsidiaries faithfully and to the best of the Indemnitee’s ability so long as the Indemnitee is duly elected or appointed and until such time as the Indemnitee’s successor is elected and qualified or the Indemnitee is removed as permitted by applicable law or tenders a resignation. Service at any subsidiary of the Company shall be deemed to be service at the request of the Company for purposes of this Agreement. By entering into this Agreement, Indemnitee is deemed to be serving at the request of the Company, and the Company is deemed to be requesting such service.

Appears in 1 contract

Sources: Indemnification Agreement (Chobani Inc.)