Authorize Olympus DAO to indemnify and pay expenses, including attorneys’ fees, reasonably incurred by an agent of Olympus DAO, its predecessors, parents, or affiliates to defend themselves in Olympus DAO related matters in case they need to.
Contributors, strategos, and council members that dedicate their time daily to help Olympus DAO achieve its mission and realize its vision may be exposed to potential legal actions or proceedings against them. As in any organization, Olympus DAO will provide the necessary support and resources to protect and defend all agents should there be a need to do so.
Indemnification. Olympus DAO shall indemnify and hold harmless to the fullest extent permitted by applicable law as it presently exists or may hereafter be amended, any person who was or is made or is threatened to be made a party or is otherwise involved in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative (a “Proceeding”), by reason of the fact that he or she, or a person for whom he or she is the legal representative, is or was an agent of Olympus DAO, its predecessors, parents, or affiliates, against all liability and loss suffered and expenses (including attorneys’ fees) actually and reasonably incurred by such person. Notwithstanding the preceding sentence, Olympus DAO shall be required to indemnify a person in connection with a Proceeding (or part thereof) commenced by such person only if the commencement of such Proceeding (or part thereof) by the person was authorized in the specific case by Olympus DAO.
Advancement of Expenses. Olympus DAO shall pay the expenses (including attorneys’ fees) actually and reasonably incurred by an agent of Olympus DAO, its predecessors, parents, or affiliates, in defending any Proceeding in advance of its final disposition, upon receipt of an undertaking by or on behalf of such person to repay all amounts advanced if it shall ultimately be determined by final judicial decision from which there is no further right to appeal that such person is not entitled to be indemnified for such expenses.
Repeal, Amendment, or Modification. Any amendment, repeal, or modification of this resolution shall not adversely affect any right to indemnification or advancement of expenses of any person in respect of any act or omission occurring prior to the time of such repeal or modification.