expenses (including attorneys’ fees) actually and reasonably
incurred by such person in connection therewith; that
indemnification provided for by Section 145 shall not be
deemed exclusive of any other rights to which the indemnified party
may be entitled; and the indemnification provided for by
Section 145 shall, unless otherwise provided when authorized
or ratified, continue as to a person who has ceased to be a
director, officer, employee or agent and shall inure to the benefit
of such person’s heirs, executors and administrators.
Section 145 also empowers the corporation to purchase and
maintain insurance on behalf of any person who is or was a
director, officer, employee or agent of the corporation, or is or
was serving at the request of the corporation as a director,
officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise against any liability
asserted against such person and incurred by such person in any
such capacity, or arising out of his status as such, whether or not
the corporation would have the power to indemnify such person
against such liabilities under Section 145.
Section 102(b)(7) of the DGCL provides that a corporation’s
certificate of incorporation may contain a provision eliminating or
limiting the personal liability of a director to the corporation or
its stockholders for monetary damages for breach of fiduciary duty
as a director; provided that such provision shall not
eliminate or limit the liability of a director (i) for any
breach of the director’s duty of loyalty to the corporation or its
stockholders, (ii) for acts or omissions not in good faith or which
involve intentional misconduct or a knowing violation of law, (iii)
under Section 174 of the DGCL, or (iv) for any
transaction from which the director derived an improper personal
benefit.
Any underwriting agreement or distribution agreement that the
registrant enters into with any underwriters or agents involved in
the offering or sale of any securities registered hereby may
require such underwriters or dealers to indemnify the registrant,
some or all of its directors and officers and its controlling
persons, if any, for specified liabilities, which may include
liabilities under the Securities Act of 1933, as amended.
Our restated certificate of incorporation provides that we will
indemnify each person who was or is a party or threatened to be
made a party to any threatened, pending or completed action, suit
or proceeding (other than an action by or in the right of us) by
reason of the fact that he or she is or was, or has agreed to
become, a director or officer, or is or was serving, or has agreed
to serve, at our request as a director, officer, partner, employee
or trustee of, or in a similar capacity with, another corporation,
partnership, joint venture, trust or other enterprise (all such
persons being referred to as an “Indemnitee”), or by reason of any
action alleged to have been taken or omitted in such capacity,
against all expenses (including attorneys’ fees), judgments, fines
and amounts paid in settlement actually and reasonably incurred in
connection with such action, suit or proceeding and any appeal
therefrom, if such Indemnitee acted in good faith and in a manner
he or she reasonably believed to be in, or not opposed to, our best
interests, and, with respect to any criminal action or proceeding,
he or she had no reasonable cause to believe his or her conduct was
unlawful. Our restated certificate of incorporation provides that
we will indemnify any Indemnitee who was or is a party to an action
or suit by or in the right of us to procure a judgment in our favor
by reason of the fact that the Indemnitee is or was, or has agreed
to become, a director or officer, or is or was serving, or has
agreed to serve, at our request as a director, officer, partner,
employee or trustee of, or in a similar capacity with, another
corporation, partnership, joint venture, trust or other enterprise,
or by reason of any action alleged to have been taken or omitted in
such capacity, against all expenses (including attorneys’ fees)
and, to the extent permitted by law, amounts paid in settlement
actually and reasonably incurred in connection with such action,
suit or proceeding, and any appeal therefrom, if the Indemnitee
acted in good faith and in a manner he or she reasonably believed
to be in, or not opposed to, our best interests, except that no
indemnification shall be made with respect to any claim, issue or
matter as to which such person shall have been adjudged to be
liable to us, unless a court determines that, despite such
adjudication but in view of all of the circumstances, he or she is
entitled to indemnification of such expenses. Notwithstanding the
foregoing, to the extent that any Indemnitee has been successful,
on the merits or otherwise, he or she will be indemnified by us
against all expenses (including attorneys’ fees) actually and
reasonably incurred in connection therewith.
Expenses must be advanced to an Indemnitee under certain
circumstances. We have entered into indemnification agreements with
each of our directors and officers. These indemnification
agreements may require us, among
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