Mutual Acknowledgment Clause Example from Business Contracts

This example Mutual Acknowledgment clause appears in 9 contracts from 8 companies

Mutual Acknowledgment. Both the Company and Indemnitee acknowledge that in certain instances, federal law or applicable public policy may prohibit the Company from indemnifying its directors, officers, employees, agents or fiduciaries under this Agreement or otherwise. Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake with the Securities and Exchange Commission to submit the question of indemnification to a court in certain circumstances for a determi...nation of the Company's right under public policy to indemnify Indemnitee. View More