Common use of Survival of Indemnification and Advancement of Expenses Clause in Contracts

Survival of Indemnification and Advancement of Expenses. The indemnification and advancement of expenses provided by, or granted pursuant to, this Article VI shall continue as to a person who has ceased to be a Director or Officer of the Corporation and shall inure to the benefit of the heirs, executors and administrators of such a person.

Appears in 2 contracts

Sources: Merger Agreement (Us Airways Group Inc), Merger Agreement (Amr Corp)

Survival of Indemnification and Advancement of Expenses. The indemnification and advancement of expenses provided by, or granted pursuant to, this Article ARTICLE VI shall shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a Director director or Officer of the Corporation officer and shall inure to the benefit of the heirs, executors and administrators of such a person.

Appears in 1 contract

Sources: Merger Agreement (B. Riley Principal 150 Merger Corp.)