Indemnity Agreement – JDS Uniphase Corp.
INDEMNIFICATION AGREEMENT
This Indemnification Agreement (“Agreement”) is made as of this day of 2011,
by and between JDS Uniphase Corporation, a Delaware corporation (the “Company”),
and (“Indemnitee”).
WHEREAS, the Company and Indemnitee recognize the difficulty in obtaining
directors and officers liability insurance that fully and adequately covers
directors and officers for their acts and omissions on behalf of the Company and
its subsidiaries;
WHEREAS, the Company and Indemnitee further recognize the substantial
increase in corporate litigation in general, subjecting officers and directors
to expensive litigation risks that may not be fully covered by liability
insurance;
WHEREAS, Indemnitee does not regard the current protection available as
adequate under the present circumstances, and Indemnitee and other officers and
directors of the Company may not be willing to continue to serve as officers and
directors without additional protection; and
WHEREAS, the Company desires to attract and retain the services of highly
qualified individuals, such as Indemnitee, to serve as officers and directors of
the Company and to indemnify its officers and directors so as to provide them
with the maximum protection permitted by law.
NOW, THEREFORE, the Company and Indemnitee hereby agree as follows:
Section 1. Services By Indemnitee. Indemnitee hereby agrees to serve
or continue to serve, at the will of the Company, as a director, officer or key
employee of the Company, for as long as Indemnitee is duly elected or appointed,
as the case may be, or until Indemnitee tenders his or her resignation or is
removed. For avoidance of doubt, the Company153s obligations under this Agreement
shall continue to the extent provided for in this Agreement, notwithstanding
that Indemnitee may have ceased to be a director, officer or key employee of the
Company at the time the Proceeding commenced.
Section 2. Indemnification.
(a) General Indemnification. In connection with any Proceeding, the
Company shall, to the fullest extent permitted by applicable law as in effect on
the date hereof or as may be amended from time to time to increase the scope of
such permitted indemnification, indemnify Indemnitee against any and all
Expenses and Liabilities, in either case, actually and reasonably incurred by
Indemnitee or on Indemnitee153s behalf by reason of Indemnitee153s Corporate Status
unless the Company shall establish, in accordance with the procedures described
in Section 3 of this Agreement, that Indemnitee did not act in good faith and in
a manner Indemnitee reasonably believed to be in the best interests of the
Company, and, with respect to any criminal Proceeding, had no reasonable cause
to believe Indemnitee153s conduct was unlawful.
(b) Witness Expenses. Notwithstanding any other provision of this
Agreement, to the extent that Indemnitee is, by reason of his or her Corporate
Status, a witness in any Proceeding to which Indemnitee is not a party, he or
she shall be indemnified against all Expenses incurred by Indemnitee or on his
or her behalf in connection therewith.
(c) Mandatory Indemnification. Notwithstanding any other provision
of this Agreement, except as provided in Section 11 of this Agreement, to the
extent that Indemnitee has been successful on the merits or otherwise in defense
of any Proceeding, Indemnitee shall be indemnified against all Expenses incurred
in connection therewith.
Section 3. Advancement of Expenses; Indemnification Procedure.
(a) Advancement of Expenses. The Company shall advance all Expenses
incurred by Indemnitee in connection with any Proceeding referenced in Section
2(a) of this Agreement (but not amounts actually paid in settlement of any such
Proceeding). The advances to be made hereunder shall be paid by the Company to
Indemnitee within 10 business days following delivery of a written request
therefor by Indemnitee to the Company provided that such request is accompanied
by an undertaking by or on behalf of Indemnitee to repay the amount received
pursuant to this Section 3(a) if it is ultimately determined that Indemnitee is
not entitled to indemnification of such Expenses. Advances shall be unsecured
and interest free. Advances shall be made without regard to Indemnitee153s ability
to repay such amounts and without regard to Indemnitee153s ultimate entitlement to
indemnification under the other provisions of this Agreement. Advances shall
include any and all Expenses incurred pursuing an action to enforce this right
of advancement, including Expenses incurred preparing and forwarding statements
to the Company to support the advances claimed.
(b) Notice by Indemnitee. Indemnitee shall give the Company notice
in writing as soon as practicable of any Proceeding in respect of which
Indemnitee intends to seek indemnification or advancement of Expenses hereunder.
Notice to the Company shall be directed to the General Counsel of the Company at
the address shown in Section 16(a) of this Agreement (or such other address as
the Company shall designate in writing to Indemnitee). The omission by
Indemnitee to so notify the Company will not relieve the Company from any
liability that it may have to Indemnitee hereunder or otherwise.
(c) Determination of Entitlement.
(i) Where there has been a written notice by Indemnitee for indemnification
pursuant to Section 3(b), then as soon as is reasonably practicable (but in any
event not later than 30 days) after final disposition of the relevant
Proceeding, the Company shall make a determination, if and in the manner
required by applicable law, with respect to Indemnitee153s entitlement thereto;
provided, however, that, if a Change in Control shall have occurred, the
determination shall be made by an Independent Counsel (selected pursuant to
Section 3(c)(ii)) in a written opinion to the Company153s Board of Directors, a
copy of which shall be delivered to Indemnitee. If it is so determined that
Indemnitee is entitled to indemnification, payment to Indemnitee shall be made
within ten (10) business days after such determination. Indemnitee shall
reasonably cooperate with the person, persons or entity making such
determination with respect to Indemnitee153s entitlement to indemnification,
including providing to such person, persons or entity upon reasonable advance
request any documentation or information that is not privileged or otherwise
protected from disclosure and that is reasonably available to Indemnitee and
reasonably necessary to such determination. Any costs or expenses (including
attorneys153 fees and disbursements) actually and reasonably incurred by
Indemnitee in so cooperating with the person, persons or entity making such
determination shall be borne by the Company (irrespective of the determination
as to Indemnitee153s entitlement to indemnification).
(ii) If entitlement to indemnification is to be determined by an Independent
Counsel after a Change in Control pursuant to Section 3(c)(i), such Independent
Counsel shall be selected by Indemnitee and approved by the Company (which
approval will not be unreasonably withheld).
(iii) The Company agrees to pay the reasonable fees and expenses of any
Independent Counsel serving under this Agreement.
(d) Presumptions and Burdens of Proof.
(i) In making any determination with respect to entitlement to
indemnification hereunder, the person, persons or entity making such
determination shall, to the fullest extent not prohibited by law, presume that
Indemnitee is entitled to indemnification under this Agreement, and the Company
shall have, to the fullest extent not prohibited by law, the burden of proof to
overcome that presumption in connection with the making of any determination
contrary to that presumption. Neither the failure of the person, persons or
entity to have made a determination prior to the commencement of any action
pursuant to this Agreement that indemnification is proper in the circumstances
because Indemnitee has met the applicable standard of conduct, nor an actual
determination by the person, persons or entity that Indemnitee has not met such
applicable standard of conduct, shall be a defense to the action or create a
presumption that Indemnitee has not met the applicable standard of conduct.
(ii) The termination of any Proceeding or of any claim, issue or matter
therein, by judgment, order, settlement or conviction, or upon a plea of nolo
contendere or its equivalent, shall not (except as otherwise expressly provided
in this Agreement) of itself adversely affect the right of Indemnitee to
indemnification or create a presumption that Indemnitee did not act in good
faith and in a manner that he or she reasonably believed to be in or not opposed
to the best interests of the Company or, with respect to any criminal
Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee153s
conduct was unlawful.
(iii) For purposes of any determination of good faith, Indemnitee shall be
deemed to have acted in good faith if Indemnitee153s action is in good faith
reliance on the records or books of account of any Enterprise, including
financial statements, or on information supplied to Indemnitee by the officers
of such Enterprise in the course of their duties, or on the advice of legal
counsel for such Enterprise or on information or records given or reports made
to such Enterprise by an independent certified public accountant or by an
appraiser or other expert selected by such Enterprise. The provisions of this
Section 3(d)(iii) shall not be deemed to be exclusive or to limit in any way the
other circumstances in which Indemnitee may be deemed or found to have met the
applicable standard of conduct set forth in this Agreement.
(e) Notice to Insurers. If, at the time of the receipt of a notice
of a Proceeding pursuant to Section 3(b) of this Agreement, the Company has
director and officer liability insurance in effect, the Company shall give
prompt notice of the commencement of such Proceeding to the insurers in
accordance with the procedures set forth in the respective policies. Thereafter,
the Company shall take all necessary or desirable action to cause such insurers
to pay, on behalf of the Indemnitee, all amounts payable as a result of such
Proceeding in accordance with the terms of such policies.
(f) Subrogation. In the event of any payment under this Agreement,
the Company shall be subrogated to the extent of such payment to all the rights
of recovery of Indemnitee, who will execute all papers required and shall do
everything that may be necessary to secure such rights, including the execution
of such documents necessary to enable the Company to effectively bring suit to
enforce such rights. The Company will pay or reimburse all expenses actually and
reasonably incurred by Indemnitee in connection with such subrogation.
(g) Defense of Claims; Selection of Counsel.
(i) The Company shall not settle any action, claim, or Proceeding (in whole
or in part) that would impose any Expense, judgment, fine, penalty or limitation
on Indemnitee, without Indemnitee153s prior written consent; provided, however,
that, with respect to settlements requiring solely the payment of money either
by the Company or by Indemnitee for which the Company is obligated to reimburse
Indemnitee promptly and completely, in either case without recourse to
Indemnitee, no such consent of Indemnitee shall be required. Indemnitee shall
not settle any action, claim or Proceeding (in whole or in part) that would
impose any Expense, judgment, fine, penalty or limitation on the Company without
the Company153s prior written consent, such consent not to be unreasonably
withheld.
(ii) In the event the Company shall be obligated under Section 3(a) of this
Agreement to pay the Expenses of any Proceeding against Indemnitee, the Company,
if appropriate, shall be entitled to assume the defense of such proceeding, with
counsel approved by Indemnitee, which approval shall not be unreasonably
withheld, upon the delivery to Indemnitee of written notice of its election so
to do. After delivery of such notice, approval of such counsel by Indemnitee and
the retention of such counsel by the Company, the Company will not be liable to
Indemnitee under this Agreement for any fees subsequently incurred by Indemnitee
with respect to the same Proceeding, provided that (i) Indemnitee shall have the
right to employ Indemnitee153s own counsel in any such Proceeding at Indemnitee153s
expense; and (ii) if (A) the employment of counsel by Indemnitee has been
previously authorized by the Company (or, after a Change in Control, by
Independent Counsel), (B) Indemnitee shall have concluded in good faith that
there may be a conflict of interest between the Company and Indemnitee or
between Indemnitee and any other persons represented by the same counsel, in the
conduct of any such defense, or (C) the Company, in fact, shall not have
employed counsel to assume the defense of such Proceeding, then the reasonable
fees and expenses of Indemnitee153s counsel shall be at the expense of the
Company.
Section 4. Remedies of Indemnitee.
(a) In the event of any dispute between Indemnitee and the Company hereunder
as to entitlement to indemnification, contribution or advancement of Expenses,
then Indemnitee shall be entitled to enforce Indemnitee153s rights under this
Agreement by commencing litigation in any court in the States of California or
Delaware having subject matter jurisdiction threof. The Company hereby consents
to service of process and to appear in any such proceeding.
(b) If Indemnitee commences a judicial proceeding or arbitration pursuant to
this Section 4, Indemnitee shall not be required to reimburse the Company for
any advances pursuant to Section 3(a) until a final determination is made with
respect to Indemnitee153s entitlement to indemnification (as to which all rights
of appeal have been exhausted or lapsed).
(c) If a determination shall have been made pursuant to Section 3(c) of this
Agreement that Indemnitee is entitled to indemnification, the Company shall be
bound by such determination in any judicial proceeding or arbitration commenced
pursuant to this Section 4, absent (i) a misstatement by Indemnitee of a
material fact, or an omission of a material fact necessary to make Indemnitee153s
statement not materially misleading, in connection with such determination of
Indemnitee153s entitlement to indemnification, or (ii) a prohibition of such
indemnification under applicable law.
(d) The Company shall be precluded from asserting in any judicial proceeding
or arbitration commenced pursuant to this Section 4 that the procedures and
presumptions of this Agreement are not valid, binding or enforceable and shall
stipulate in any such court or before any such arbitrator that the Company is
bound by all the provisions of this Agreement.
(e) The Company shall indemnify Indemnitee to the fullest extent permitted by
law against all Expenses incurred by Indemnitee in connection with any judicial
proceeding or arbitration brought by Indemnitee for (i) indemnification or
advances of Expenses by the Company (or otherwise for the enforcement,
interpretation or defense of his or her rights) under this Agreement or any
other agreement, including any other indemnification, contribution or
advancement agreement, or any provision of the Company153s Certificate of
Incorporation or Bylaws now or hereafter in effect or (ii) recovery or advances
under any directors and officers liability insurance policy maintained by the
Company, regardless of whether Indemnitee ultimately is determined to be
entitled to such indemnification, contribution,
advancement or insurance recovery, as the case may be; provided, however,
that this Section 4(e) shall not apply if, as part of such judicial proceeding
or arbitration, the court of competent jurisdiction or the arbitrator, as the
case may be, determines that the material assertions made by Indemnitee as a
basis for such judicial proceeding or arbitration were not made in good faith or
were frivolous.
Section 5. Additional Indemnification Rights; Nonexclusivity.
(a) Scope. Notwithstanding any other provision of this Agreement,
the Company hereby agrees to indemnify the Indemnitee to the fullest extent
permitted by law, notwithstanding that such indemnification is not specifically
authorized by the other provisions of this Agreement, the Company153s Certificate
of Incorporation, the Company153s Bylaws or by statute. In the event of any
change, after the date of this Agreement, in any applicable law, statute or rule
that expands the right of a Delaware corporation to indemnify a member of its or
a Subsidiary153s Board of Directors or an officer, such changes shall be,
ipso facto, within the purview of Indemnitee153s rights and the Company153s
obligations, under this Agreement. In the event of any change in any applicable
law, statute or rule that narrows the right of a Delaware corporation to
indemnify a member of the Board of Directors or an officer of the Company or a
Subsidiary, such changes, to the extent not otherwise required by such law,
statute or rule to be applied to this Agreement, shall have no effect on this
Agreement or the parties153 rights and obligations hereunder.
(b) Nonexclusivity. The rights of indemnification, contribution and
advancement of Expenses as provided by this Agreement shall not be deemed
exclusive of any rights to which Indemnitee may be entitled under the Company153s
Certificate of Incorporation, its Bylaws, any agreement, any vote of
stockholders or disinterested directors, the Delaware General Corporation Law,
or otherwise, both as to action in Indemnitee153s official capacity and as to
action or inaction in another capacity while holding such office; provided,
however, that this Agreement shall supersede any prior indemnification agreement
between the Company and Indemnitee. The indemnification provided under this
Agreement shall continue as to Indemnitee for any action taken or not taken
while serving in an indemnified capacity even though Indemnitee may have ceased
to serve in such capacity at the time any covered Proceeding commenced.
Section 6. Partial Indemnification. If Indemnitee is entitled under
any provision of this Agreement to indemnification by the Company for some or a
portion of the Expenses and Liabilities actually or reasonably incurred by
Indemnitee in any Proceeding, but not, however, for the total amount thereof,
the Company shall nevertheless indemnify Indemnitee for the portion of such
Expenses and Liabilities to which Indemnitee is entitled.
Section 7. 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 and officers under this
Agreement or otherwise. Indemnitee understands and acknowledges that the Company
has undertaken or may be required in the future in certain circumstances to
undertake with the Securities and Exchange Commission to submit the question of
indemnification to a court for a determination of the Company153s right under
public policy to indemnify Indemnitee.
Section 8. Directors and Officers Liability Insurance. The Company,
from time to time, shall make the good faith determination whether or not it is
practicable for the Company to obtain and maintain a policy or policies of
insurance with reputable insurance companies providing the officers and
directors of the Company with coverage for losses from wrongful acts or to
ensure the Company153s performance of its indemnification obligations under this
Agreement. Among other considerations, the Company will weigh the costs of
obtaining such insurance coverage against the protection afforded by such
coverage. In all policies of directors and officers liability insurance,
Indemnitee shall be named as an insured in such a manner as to provide
Indemnitee the same rights and benefits as are accorded to the most favorably
insured of the Company153s directors, if Indemnitee is a director; or of the
Company153s officers, if
Indemnitee is not a director of the Company but is an officer.
Notwithstanding the foregoing, the Company shall have no obligation to obtain or
maintain such insurance if the Company determines in good faith that such
insurance is not reasonably available, if the premium costs for such insurance
are disproportionate to the amount of coverage provided, if the coverage
provided by such insurance is limited by exclusions so as to provide an
insufficient benefit, or if Indemnitee is covered by similar insurance
maintained by a Subsidiary or parent of the Company.
Section 9. Contribution. To the fullest extent permissible under
applicable law, if the indemnification provided for in this Agreement is
unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of
indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee,
whether for Liabilities and/or for Expenses, in connection with any Proceeding
relating to an indemnifiable event under this Agreement, in such proportion as
is deemed fair and reasonable in light of all of the circumstances of such
Proceeding in order to reflect (1) the relative benefits received by the Company
and Indemnitee as a result of the event(s) and/or transaction(s) giving rise to
such Proceeding; and (2) the relative fault of the Company (and its directors,
officers, employees and agents) and Indemnitee in connection with such event(s)
and/or transaction(s).
Section 10. Severability. Nothing in this Agreement is intended to
require or shall be construed as requiring the Company to do or fail to do any
act in violation of applicable law. The Company153s inability, pursuant to court
order, to perform its obligations under this Agreement shall not constitute a
breach of this Agreement. The provisions of this Agreement shall be severable as
provided in this Section 10. If this Agreement or any portion hereof shall be
invalidated on any ground by any court of competent jurisdiction, then the
Company shall nevertheless indemnify Indemnitee to the full extent permitted by
any applicable portion of this Agreement that shall not have been invalidated,
and the balance of this Agreement not so invalidated shall be enforceable in
accordance with its terms.
Section 11. Exceptions. Any other provision herein to the contrary
notwithstanding, the Company shall not be obligated pursuant to the terms of
this Agreement:
(a) Excluded Acts. To indemnify Indemnitee for any acts or omissions
or transactions from which a director, officer, employee or agent may not be
relieved of liability under applicable law; or
(b) Claims Initiated by Indemnitee. To indemnify or advance Expenses
to Indemnitee with respect to any Proceeding initiated or brought voluntarily by
Indemnitee and not by way of defense, except with respect to Proceedings brought
to establish or enforce a right to indemnification under this Agreement or any
other statute or law, but such indemnification or advancement of Expenses may be
provided by the Company in specific cases if the Company153s Board of Directors
(or, after a Change in Control has occurred, Independent Counsel) has approved
the initiation or bringing of such Proceeding; or
(c) Lack of Good Faith. To indemnify Indemnitee for any Expenses
incurred by the Indemnitee with respect to any Proceeding instituted by
Indemnitee to enforce or interpret this Agreement, if a court of competent
jurisdiction determines that the material assertions made by the Indemnitee in
such Proceeding were not made in good faith or were frivolous; or
(d) Insured Claims. To indemnify Indemnitee for Expenses or
Liabilities that have been paid directly to Indemnitee by an insurance carrier
under a policy of directors and officers liability insurance maintained by the
Company; or
(e) Claims under Section 16(b). To indemnify Indemnitee for Expenses
and the payment of profits arising from the purchase and sale by Indemnitee of
securities in violation of Section 16(b) of the Exchange Act or any similar
successor statute; or
(f) Required Reimbursement. To indemnify Indemnitee for any
reimbursement of the Company by Indemnitee of any bonus or other incentive-based
or equity-based compensation or of any profits realized by Indemnitee from the
sale of securities of the Company, as required in each case under the Exchange
Act (including any such reimbursements that (i) arise from an accounting
restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of
2002, or the payment to the Company of profits arising from the purchase and
sale by Indemnitee of securities in violation of Section 306 of the
Sarbanes-Oxley Act of 2002, (ii) arise pursuant to regulations or policies
adopted in compliance with Section 954 of the Investor Protection and Securities
Reform Act of 2010); or
(g) Company Right to Participate in Defense. To indemnify Indemnitee
for Expenses or Liabilities if the Company was not given a reasonable time and
opportunity, at its expense, to participate in the defense of such action,
unless such participation was barred by this Agreement.
Section 12. Effectiveness of Agreement. This Agreement shall be
effective as of the date set forth on the first page and shall apply to acts or
omissions of Indemnitee which occurred prior to such date if Indemnitee was
serving in any Corporate Status at the time such act or omission occurred.
Section 13. Construction of Certain Phrases.
(a) As used in this Agreement:
“Change in Control” means any one of the following
circumstances occurring after the date hereof: (i) any “person” or “group” (as
such terms are used in Sections 13(d) and 14(d) of the Exchange Act) shall have
become, without prior approval of the Company153s Board of Directors by approval
of at least a majority of the Continuing Directors, the “beneficial owner” (as
defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of
securities of the Company representing 40% or more of the combined voting power
of the Company153s then outstanding voting securities (provided that, for purposes
of this clause (i), the term “person” shall exclude (x) the Company, (y) any
trustee or other fiduciary holding securities under an employee benefit plan of
the Company, and (z) any corporation owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their
ownership of stock of the Company); (ii) there occurs a merger or consolidation
of the Company with any other entity, other than a merger or consolidation which
would result in the voting securities of the Company outstanding immediately
prior to such merger or consolidation continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity) more than 51% of the combined voting power of the voting
securities of the surviving entity outstanding immediately after such merger or
consolidation and with the power to elect at least a majority of the board of
directors or other governing body of such surviving entity; (iii) all or
substantially all the assets of the Company are sold or disposed of in a
transaction or series of related transactions; (iv) the approval by the
stockholders of the Company of a complete liquidation of the Company; or (v) the
Continuing Directors cease for any reason to constitute at least a majority of
the members of the Company153s Board of Directors.
“Continuing Director” means (i) each director on the
Company153s Board of Directors on the date hereof or (ii) any new director whose
election or nomination for election by the Company153s stockholders was approved
by a vote of at least two-thirds of the directors then still in office who were
directors on the date hereof or whose election or nomination was so approved.
“Corporate Status” means the status of a person who is or
was a director, officer, trustee, general partner, managing member, fiduciary,
board of directors153 committee member, employee or agent of the Company or of any
other Enterprise.
“Enterprise” means the Company, any Subsidiary and any other
corporation, limited liability company, partnership, joint venture, trust,
employee benefit plan or other enterprise of which Indemnitee is or was serving
at the request of the Company as a director, officer, trustee, general partner,
managing member, fiduciary, board of directors153 committee member, employee or
agent.
“ERISA” means the Employee Retirement Income Security Act of
1974, as amended.
“Exchange Act” means the Securities Exchange Act of 1934, as
amended.
“Expenses” means all direct and indirect costs (including
without limitation attorneys153 fees, retainers, court costs, transcripts, fees of
experts, witness fees, travel expenses, duplicating costs, printing and binding
costs, telephone charges, postage, delivery service fees, and all other
disbursements or expenses) reasonably and actually incurred in connection with
(i) prosecuting, defending, preparing to prosecute or defend, investigating,
being or preparing to be a witness in, or otherwise participating in, a
Proceeding or (ii) establishing or enforcing a right to indemnification under
this Agreement, the Company153s Certificate of Incorporation or Bylaws, applicable
law or otherwise. Expenses also shall include Expenses incurred in connection
with any appeal resulting from any Proceeding, including the premium, security
for, and other costs relating to any cost bond, supersedeas bond, or other
appeal bond or its equivalent. For the avoidance of doubt, however, Expenses
shall not include any Liabilities.
“Independent Counsel” means a law firm, or a member of a law
firm, that is experienced in matters of corporate law and neither currently is,
nor in the five years prior to its selection or appointment has been, retained
to represent (i) the Company or Indemnitee in any matter material to either such
party (other than with respect to matters concerning Indemnitee under this
Agreement or of other indemnitees under similar indemnification agreements), or
(ii) any other party to the Proceeding giving rise to a claim for
indemnification hereunder. Notwithstanding the foregoing, the term “Independent
Counsel” shall not include any person who, under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in
representing either the Company or Indemnitee in an action to determine
Indemnitee153s rights under this Agreement.
“Liabilities” means any losses or liabilities, including
without limitation any judgments, fines, ERISA excise taxes and penalties,
penalties and amounts paid in settlement, arising out of or in connection with
any Proceeding (including all interest, assessments and other charges paid or
payable in connection with or in respect of any such judgments, fines, ERISA
excise taxes and penalties, penalties or amounts paid in settlement).
“Proceeding” means any threatened, pending or completed
action, derivative action, suit, claim, counterclaim, cross claim, arbitration,
alternate dispute resolution mechanism, investigation, inquiry, administrative
hearing or any other actual, threatened or completed proceeding, whether civil
(including intentional and unintentional tort claims), criminal, administrative
or investigative, including any appeal therefrom, and whether instituted by or
on behalf of the Company or any other party, or any inquiry or investigation
that Indemnitee in good faith believes might lead to the institution of any such
action, suit or other proceeding hereinabove listed in which Indemnitee was, is
or will be involved as a party, potential party, non-party witness or otherwise
by reason of any Corporate Status of Indemnitee, or by reason of any action
taken (or failure to act) by him or her or of any action (or failure to act) on
his or her part while serving in any Corporate Status.
(b) For purposes of this Agreement:
References to “Company” shall include, in addition to the resulting
corporation, any constituent corporation (including any constituent of a
constituent) absorbed in a consolidation or merger that, if its separate
existence had continued, would have had power and authority to indemnify its
directors, officers, employees or agents, so that, if Indemnitee is or was a
director, officer, employee or agent of such constituent corporation, or is or
was serving at the request of such constituent corporation as a director,
officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, Indemnitee shall stand in the same position
under the provisions of this Agreement with respect to the resulting or
surviving corporation as Indemnitee would have with respect to such constituent
corporation if its separate existence had continued.
References to “Subsidiary” shall include a corporation, company or other
entity:
(i) 50% or more of whose outstanding shares or securities (representing the
right to vote for the election of directors or other managing authority) are, or
(ii) that does not have outstanding shares or securities (as may be the case
in a partnership, joint venture or unincorporated association), but 50% or more
of whose ownership interest representing the right to make decisions for such
other entity is,
now or hereafter, owned or controlled, directly or indirectly, by the
Company, or one or more Subsidiaries.
References to “other enterprises” shall include employee benefit plans;
references to “fines” shall include any excise taxes assessed on Indemnitee with
respect to an employee benefit plan; and references to “serving at the request
of the Company” shall include any service as a director, officer, employee or
agent of the Company that imposes duties on, or involves services by, such
director, officer, employee or agent with respect to an employee benefit plan,
its participants, or beneficiaries.
Section 14. Counterparts. This Agreement may be executed in one or
more counterparts, each of which shall constitute an original.
Section 15. Successors and Assigns. This Agreement shall be binding
upon the Company and its successors and assigns and shall inure to the benefit
of Indemnitee and Indemnitee153s estate, heirs, legal representatives and assigns.
The Company shall require and cause any successor (whether direct or indirect by
purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of the Company, by written agreement in form and
substance satisfactory to Indemnitee, expressly to assume and agree to perform
this Agreement in the same manner and to the same extent that the Company would
be required to perform if no such succession had taken place.
Section 16. Notice. All notices, requests, demands and other
communications under this Agreement shall be in writing and shall be deemed duly
given (i) if delivered by hand or recognized courier and receipted for by the
party addressee, on the date of such receipt, (ii) if mailed by domestic
certified or registered mail with postage prepaid, on the third business day
after the date postmarked, or (iii) if sent by confirmed facsimile, on the date
sent. Notices shall be addressed as follows:
(a) if to the Company:
JDS Uniphase Corporation
430 North McCarthy Blvd.
Milpitas, California 95035
Attention: General Counsel;
(b) if to Indemnitee, to the address of Indemnitee set forth under
Indemnitee153s signature below; or to such other address or attention of such
other person as any party shall advise the other parties in writing.
Section 18. Choice of Law. This Agreement shall be governed by and
its provisions construed in accordance with the laws of the State of Delaware as
applied to contracts made and to be performed in such State without giving
effect to its principals of conflicts of laws.
Section 19. Amendments. No supplement, modification, or amendment of
this Agreement shall be binding unless executed in writing by both of the
parties hereto. No waiver of any of the provisions of this Agreement shall be
binding unless in the form of a writing signed by the party against whom
enforcement of the waiver is sought. Except as specifically provided herein, no
failure to exercise or any delay in exercising any right or remedy hereunder
shall constitute a waiver thereof.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.
|
JDS Uniphase Corporation |
||
|
By: |
||
|
Andrew Pollack |
||
|
General Counsel and Secretary |
||
|
INDEMNITEE |
||
|
By: |
||
Stay Up-to-Date With How the Law Affects Your Life
Enter your email address to subscribe:
Learn more about FindLaw’s newsletters, including our terms of use and privacy policy.