Mutual Acknowledgement Clause Example from Business Contracts

This example Mutual Acknowledgement clause appears in 3 contracts from 2 companies

Mutual Acknowledgement. Both the Company and Indemnitee acknowledge that in certain instances, Federal law or public policy may override applicable state law and prohibit the Company from indemnifying its directors and officers under this Agreement or otherwise. For example, the Company and Indemnitee acknowledge that the Securities and Exchange Commission (the "SEC") has taken the position that indemnification is not permissible for liabilities arising under certain federal securities laws, and federal legislation pro...hibits indemnification for certain ERISA violations. Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake with the SEC to submit the question of indemnification to a court in certain circumstances for a determination of the Company's right under public policy to indemnify Indemnitee. View More
Found in DYNATRONICS CORP contract
DYNATRONICS CORP Contracts

Indemnification Agreement with Brian D. Baker, dated August 26, 2019 (Filed With SEC on August 29, 2019)

Gulfport Energy Corp Contracts

Indemnification Agreement, by and between Gulfport Energy Corporation and John Reinhart (Filed With SEC on January 25, 2023)

Indemnification Agreement, by and between Gulfport Energy Corporation and Michael Hodges (Filed With SEC on April 3, 2023)