IndemnificationAgreement补偿协议1112doc.docx

IndemnificationAgreement补偿协议1112doc.docx

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IndemnificationAgreement补偿协议1112doc

IndemnificationAgreement补偿协议-

InconsiderationofthemutualpromisesmadeinthisAgreement,andforothergoodandvaluableconsideration,receiptofwhichisherebyacknowledged,theCompanyandIndemniteeherebyagreeasfollows:

1.INDEMNIFICATION.（a）THIRDPARTYPROCEEDINGS.TheCompanyshallindemnifyIndemniteeifIndemniteeisorwasapartyoristhreatenedtobemadeapartytoanythreatened,pendingorcompletedaction,suitorproceeding,whethercivil,criminal,administrativeorinvestigative（otherthananactionbyorintherightoftheCompany）byreasonofthefactthatIndemniteeisorwasadirector,officer,employeeoragentoftheCompany,oranysubsidiaryoftheCompany,byreasonofanyactionorinactiononthepartofIndemniteewhileanofficerordirectororbyreasonofthefactthatIndemniteeisorwasservingattherequestoftheCompanyasadirector,officer,employeeoragentofanothercorporation,partnership,jointventure,trustorotherenterprise,againstexpenses（includingattorneys’fees）,judgments,finesandamountspaidinsettlement（ifsuchsettlementisapprovedinadvancebytheCompany,whichapprovalshallnotbeunreasonablywithheld）actuallyandreasonablyincurredbyIndemniteeinconnectionwithsuchaction,suitorproceedingifIndemniteeactedingoodfaithandinamannerIndemniteereasonablybelievedtobeinornotopposedtothebestinterestsoftheCompany,and,withrespecttoanycriminalactionorproceeding,hadnoreasonablecausetobelieveIndemnitee’sconductwasunlawful.Theterminationofanyaction,suitorproceedingbyjudgment,order,settlement,conviction,oruponapleaofnolocontendereoritsequivalent,shallnot,ofitself,createapresumptionthatIndemniteedidnotactingoodfaithandinamannerwhichIndemniteereasonablybelievedtobeinornotopposedtothebestinterestsoftheCompany,or,withrespecttoanycriminalactionorproceeding,thatIndemniteehadreasonablecausetobelievethatIndemnitee’sconductwasunlawful.（b）PROCEEDINGSBYORINTHERIGHTOFTHECOMPANY.TheCompanyshallindemnifyIndemniteeifIndemniteewasorisapartyoristhreatenedtobemadeapartytoanythreatened,pendingorcompletedactionorproceedingbyorintherightoftheCompanyoranysubsidiaryoftheCompanytoprocureajudgmentinitsfavorbyreasonofthefactthatIndemniteeisorwasadirector,officer,employeeoragentoftheCompany,oranysubsidiaryoftheCompany,byreasonofanyactionorinactiononthepartofIndemniteewhileanofficerordirectororbyreasonofthefactthatIndemniteeisorwasservingattherequestoftheCompanyasadirector,officer,employeeoragentofanothercorporation,partnership,jointventure,trustorotherenterprise,againstexpenses（includingattorneys’fees）and,tothefullestextentpermittedbylaw,amountspaidinsettlement（ifsuchsettlementisapprovedinadvancebytheCompany,whichapprovalshallnotbeunreasonablywithheld）,ineachcasetotheextentactuallyandreasonablyincurredbyIndemniteeinconnectionwiththedefenseorsettlementofsuchactionorsuitifIndemniteeactedingoodfaithandinamannerIndemniteereasonablybelievedtobeinornotopposedtothebestinterestsoftheCompanyanditsstockholders,exceptthatnoindemnificationshallbemadeinrespectofanyclaim,issueormatterastowhichIndemniteeshallhavebeenfinallyadjudicatedbycourtorderorjudgmenttobeliabletotheCompanyintheperformanceofIndemnitee’sdutytotheCompanyanditsstockholdersunlessandonlytotheextentthatthecourtinwhichsuchactionorproceedingisorwaspendingshalldetermineuponapplicationthat,inviewofallthecircumstancesofthecase,Indemniteeisfairlyandreasonablyentitledtoindemnityforsuchexpenseswhichsuchcourtshalldeemproper.（c）MANDATORYPAYMENTOFEXPENSES.TotheextentthatIndemniteehasbeensuccessfulonthemeritsorotherwiseindefenseofanyaction,suitorproceedingreferredtoinSection1（a）orSection1（b）orthedefenseofanyclaim,issueormattertherein,Indemniteeshallbeindemnifiedagainstexpenses（includingattorneys’fees）actuallyandreasonablyincurredbyIndemniteeinconnectiontherewith.2.NOEMPLOYMENTRIGHTS.NothingcontainedinthisAgreementisintendedtocreateinIndemniteeanyrighttocontinuedemployment.3.EXPENSES;INDEMNIFICATIONPROCEDURE.（a）ADVANCEMENTOFEXPENSES.TheCompanyshalladvanceallexpensesincurredbyIndemniteeinconnectionwiththeinvestigation,defense,settlementorappealofanycivilorcriminalaction,suitorproceedingreferredtoinSectionl（a）orSection1（b）hereof（includingamountsactuallypaidinsettlementofanysuchaction,suitorproceeding）.Indemniteeherebyundertakestorepaysuchamountsadvancedonlyif,andtotheextentthat,itshallultimatelybedeterminedthatIndemniteeisnotentitledtobeindemnifiedbytheCompanyasauthorizedhereby.AnyadvancestobemadeunderthisAgreementshallbepaidbytheCompanytoIndemniteewithintwenty（20）daysfollowingdeliveryofawrittenrequestthereforbyIndemniteetotheCompany.（b）NOTICE/COOPERATIONBYINDEMNITEE.Indemniteeshall,asaconditionprecedenttohisorherrighttobeindemnifiedunderthisAgreement,givetheCompanynoticeinwritingassoonaspracticableofanyclaimmadeagainstIndemniteeforwhichindemnificationwillorcouldbesoughtunderthisAgreement.NoticetotheCompanyshallbedirectedtotheChiefExecutiveOfficeroftheCompanyandshallbegiveninaccordancewiththeprovisionsofSection12（d）below.Inaddition,IndemniteeshallgivetheCompanysuchinformationandcooperationasitmayreasonablyrequireandasshallbewithinIndemnitee’spower.（c）PROCEDURE.AnyindemnificationandadvancesprovidedforinSection1andthisSection3shallbemadenolaterthantwenty（20）daysafterreceiptofthewrittenrequestofIndemnitee.IfaclaimunderthisAgreement,underanystatute,orunderanyprovisionoftheCompany’sCertificateofIncorporationorBylawsprovidingforindemnification,isnotpaidinfullbytheCompanywithintwenty（20）daysafterawrittenrequestforpaymentthereofhasfirstbeenreceivedbytheCompany,Indemniteemay,butneednot,atanytimethereafterbringanactionagainsttheCompanytorecovertheunpaidamountoftheclaimand,subjecttoSection11ofthisAgreement,Indemniteeshallalsobeentitledtobepaidfortheexpenses（includingattorneys’fees）ofbringingsuchaction.Itshallbeadefensetoanysuchaction（otherthananactionbroughttoenforceaclaimforexpensesincurredinconnectionwithanyaction,suitorproceedinginadvanceofitsfinaldisposition）thatIndemniteehasnotmetthestandardsofconductwhichmakeitpermissibleunderapplicablelawfortheCompanytoindemnifyIndemniteefortheamountclaimed,buttheburdenofprovingsuchdefenseshallbeontheCompanyandIndemniteeshallbeentitledtoreceiveinterimpaymentsofexpensespursuanttoSection3（a）unlessanduntilsuchdefensemaybefinallyadjudicatedbycourtorderorjudgmentfromwhichnofurtherrightofappealexists.Itistheparties’intentionthatiftheCompanycontestsIndemnitee’srighttoindemnification,thequestionofIndemnitee’srighttoindemnificationshallbeforthecourttodecide,andneitherthefailureoftheCompany（includingitsBoardofDirectors,anycommitteeorsubgroupoftheBoardofDirectors,independentlegalcounsel,oritsstockholders）tohavemadeadeterminationthatindemnificationofIndemniteeisproperinthecircumstancesbecauseIndemniteehasmettheapplicablestandardofconductrequiredbyapplicablelaw,noranactualdeterminationbytheCompany（includingitsBoardofDirectors,anycommitteeorsubgroupoftheBoardofDirectors,independentlegalcounsel,oritsstockholders）thatIndemniteehasnotmetsuchapplicablestandardofconduct,shallcreateapresumptionthatIndemniteehasorhasnotmettheapplicablestandardofconduct.（d）NOTICETOINSURERS.If,atthetimeofthereceiptofanoticeofaclaimpursuanttoSection3（b）hereof,theCompanyhasdirectorandofficerliabilityinsuranceineffect,theCompanyshallgivepromptnoticeofthecommencementofsuchproceedingtotheinsurersinaccordancewiththeproceduressetforthintherespectivepolicies.TheCompanyshallthereaftertakeallnecessaryordesirableactiontocausesuchinsurerstopay,onbehalfoftheIndemnitee,allamountspayableasaresultofsuchproceedinginaccordancewiththetermsofsuchpolicies.（e）SELECTIONOFCOUNSEL.IntheeventtheCompanyshallbeobligatedunderSection3（a）hereoftopaytheexpensesofanyproceedingagainstIndemnitee,theCompany,ifappropriate,shallbeentitledtoassumethedefenseofsuchproceeding,withcounselapprovedbyIndemnitee,uponthedeliverytoIndemniteeofwrittennoticeofitselectionsotodo.Afterdeliveryofsuchnotice,approvalofsuchcounselbyIndemniteeandtheretentionofsuchcounselbytheCompany,theCompanywillnotbeliabletoIndemniteeunderthisAgreementforanyfeesofcounselsubsequentlyincurredbyIndemniteewithrespecttothesameproceeding,providedthat（i）IndemniteeshallhavetherighttoemploycounselinanysuchproceedingatIndemnitee’sexpense;and（ii）if（A）theemploymentofcounselbyIndemniteehasbeenpreviouslyauthorizedbytheCompany,（B）IndemniteeshallhavereasonablyconcludedthattheremaybeaconflictofinterestbetweentheCompanyandIndemniteeintheconductofanysuchdefenseor（C）theCompanyshallnot,infact,haveemployedcounseltoassumethedefenseofsuchproceeding,thenthefeesandexpensesofIndemnitee’s