next up previous contents
Next: Article XII AMENDMENTS Up: TUG BYLAWS Previous: Article X FISCAL

Article XI
INDEMNIFICATION

Any person who at any time serves or has served as a director or officer of TUG or, at the request of TUG, as a director or officer of another corporation, whether for profit or not for profit, shall be indemnified by TUG and be reimbursed against and for expenses actually and necessarily incurred in connection with the defense or reasonable settlement of any action, suit, legal or administrative proceeding, whether civil, criminal, administrative or investigative, threatened, pending or completed, to which that person is made a party by reason of being or having been such director or officer, except in relation to matters as to which the person shall be adjudged in such action, suit or proceeding to be liable for negligence or misconduct in the performance of official duties. Such right of indemnification and reimbursement shall also extend to the personal representatives of any such person, and shall be in addition to and not in substitution for any other rights to which such person or personal representatives may now or hereafter be entitled by virtue of the provisions of applicable law or of any other agreement or vote of the Board of Directors, or otherwise.