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These excerpts taken from the OPLK 10-K filed Sep 12, 2008. Indemnification
Agreements
The Company has entered into certain indemnification
arrangements in the ordinary course of business. Pursuant to
these arrangements, the Company indemnifies, holds harmless, and
agrees to reimburse the indemnified parties, generally their
business partners or customers, for losses suffered or incurred
by the indemnified party in connection with any patent, or any
copyright or other intellectual property infringement claim by
any third party with respect to the Company’s products.
Based on negotiation and special circumstances of each case, the
terms of the agreements may vary. The maximum potential amount
of future payments the Company could be required to make under
these agreements is unlimited. The Company has never incurred
costs to defend lawsuits or settle claims related to these
indemnification agreements. As a result, the Company believes
the estimated fair value of these agreements is minimal.
The Company has entered into indemnification agreements with its
directors and officers that may require the Company to indemnify
its directors and officers against liabilities that may arise by
reason of their status or service as directors or officers,
other than liabilities arising from willful misconduct of a
culpable nature; to advance their expenses incurred as a result
of any proceeding against them as to which they could be
indemnified; and to obtain directors’ and officers’
insurance if available on reasonable terms, which the Company
currently has in place.
Indemnification Agreements The Company has entered into certain indemnification arrangements in the ordinary course of business. Pursuant to these arrangements, the Company indemnifies, holds harmless, and agrees to reimburse the indemnified parties, generally their business partners or customers, for losses suffered or incurred by the indemnified party in connection with any patent, or any copyright or other intellectual property infringement claim by any third party with respect to the Company’s products. Based on negotiation and special circumstances of each case, the terms of the agreements may vary. The maximum potential amount of future payments the Company could be required to make under these agreements is unlimited. The Company has never incurred costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, the Company believes the estimated fair value of these agreements is minimal. The Company has entered into indemnification agreements with its directors and officers that may require the Company to indemnify its directors and officers against liabilities that may arise by reason of their status or service as directors or officers, other than liabilities arising from willful misconduct of a culpable nature; to advance their expenses incurred as a result of any proceeding against them as to which they could be indemnified; and to obtain directors’ and officers’ insurance if available on reasonable terms, which the Company currently has in place. This excerpt taken from the OPLK 10-K filed Sep 14, 2007. Indemnification
Agreements
The Company has entered into certain indemnification
arrangements in the ordinary course of business. Pursuant to
these arrangements, the Company indemnifies, holds harmless, and
agrees to reimburse the indemnified parties, generally their
business partners or customers, for losses suffered or incurred
by the indemnified party in connection with any patent, or any
copyright or other intellectual property infringement claim by
any third party with respect to the Company’s products.
Based on negotiation and special circumstances of each case, the
terms of the agreements may vary. The maximum potential amount
of future payments the Company could be required to make under
these agreements is unlimited. The Company has never incurred
costs to defend lawsuits or settle claims related to these
indemnification agreements. As a result, the Company believes
the estimated fair value of these agreements is minimal.
The Company has entered into indemnification agreements with its
directors and officers that may require the Company to indemnify
its directors and officers against liabilities that may arise by
reason of their status or service as directors or officers,
other than liabilities arising from willful misconduct of a
culpable nature; to advance their expenses incurred as a result
of any proceeding against them as to which they could be
indemnified; and to obtain directors’ and officers’
insurance if available on reasonable terms, which the Company
currently has in place.
This excerpt taken from the OPLK 10-K filed Sep 15, 2006. Indemnification
Agreements
The Company has entered into indemnification agreements with
each of its directors and officers. These indemnification
agreements and its certificate of incorporation and bylaws
require the Company to indemnify its directors and officers to
the fullest extent permitted by Delaware law.
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