Applicable Corporate Law

Applicable Corporate Law. Shall mean the laws of the state whose corporate laws govern any particular request for indemnification. With respect to any claim for indemnification arising as a result of service as an officer or director of the Company, the Applicable Corporate Law shall be the laws of the State of Delaware. With respect to any claim for indemnification arising as a result of service as an officer or director of the ... Subsidiary, the Applicable Corporate Law shall be the laws of the State of North Carolina. In any case in which it is uncertain which state law is the Applicable Corporate Law, the laws of the state which provides the greatest rights to the Indemnitee shall govern. View More