Common use of Undertaking to Repay Clause in Contracts

Undertaking to Repay. The Executive hereby undertakes and agrees to repay to the Company any advances made pursuant to this Section 8 if and to the extent that it shall ultimately be determined that the Executive is not entitled to be indemnified by the Company for such amounts, as described above.

Appears in 3 contracts

Sources: Indemnification Agreement (Onlinetradinginc Com Corp), Indemnification Agreement (Cybear Inc), Indemnification Agreement (Asd Group Inc)