Duty of Loyalty Indemnification Contract Clauses (19)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Duty of Loyalty Indemnification clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Duty of Loyalty Indemnification. (a) The Executive acknowledges and agrees that the Executive owes a fiduciary duty of loyalty to act in the best interests of the Company and of the Partnership Group. In keeping with such duty, the Executive shall, during the Term, make full disclosure to the Company of all business opportunities pertaining to the business of the Company or of the Partnership or any of its subsidiaries and, during the Term, shall not appropriate for the Executive's own benefit business opportunities concerning ...the business of the Company, the Partnership or any of its subsidiaries, except as otherwise permitted by the non-competition covenants set forth in Annex I or as consented to in writing by the Board. (b) The Company shall indemnify the Executive to the extent permitted by the Company's fourth amended and restated limited liability company agreement, as amended and/or restated from time to time, and by applicable law, against all costs, charges and expenses, including without limitation, attorney's fees, incurred or sustained by the Executive in connection with any claim against Executive and in connection with any action, suit or proceeding to which the Executive may be made a party by reason of being an officer, director or employee of the Company or of the Partnership or any of its subsidiaries. In connection with the foregoing, the Executive will be covered under any liability insurance policy that protects the other officers and directors of the Company, subject to the terms and conditions of such policies. View More Arrow
Found in GLOBAL PARTNERS LP contract
Duty of Loyalty Indemnification. (a) The Executive acknowledges and agrees that the Executive owes a fiduciary duty of loyalty to act at all times in the best interests of the Company and of the Partnership Group. Company. In keeping with such duty, the Executive shall, during the Term, shall make full disclosure to the Company of all business opportunities that come to his attention pertaining to the business of the Company or of the Partnership or any of its subsidiaries and, during the Term, and shall not act upon or appropr...iate for the Executive's own benefit business opportunities concerning the business of the Company, the Partnership Company or any of its subsidiaries, except as otherwise permitted by subsidiaries without the non-competition covenants set forth in Annex I or as consented to in writing by express written permission of the Board. (b) The Company shall indemnify the Executive to the extent permitted by the Company's fourth amended and restated limited liability company agreement, as may be amended and/or restated from time to time, and by applicable law, against all reasonable costs, charges and expenses, including including, without limitation, attorney's reasonable attorneys' fees, incurred or sustained by the Executive in connection with any claim against the Executive and in connection with any action, suit or proceeding to which the Executive may be made a party by reason of being an officer, director or employee of the Company or of the Partnership or any of its subsidiaries. affiliates. In connection with the foregoing, the Executive will be covered under any liability insurance policy policies that protects the protect other officers and directors of the Company, Company or its affiliates, subject to the terms and conditions of such policies. View More Arrow
Found in GLOBAL PARTNERS LP contract
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