3. Successful Defense; No presumption. Notwithstanding and other provision of this agreement, to the extent that Indemnitee have been successful on the merits in defense of any action, suite or proceeding or in defense of any issue or matter therein, including, without limitation, dismissal without prejudice, Indemnitee shall be indemnified against any and all expenses (including attorney fees), judgments, fines, taxes, penalties and amounts paid in settlement with respect to such action, suit or proceeding.
3.1Except as provided in paragraph 3, indemnification shall be made by the Corporation, unless ordered by a Court under Section 724 of the Business Corporation Law, only if authorized:
(a)By the Board acting as a quorum consisting of director who is not parties to such action upon finding the director or officer has not engaged in conduct set forth in paragraph 2.3 or
(b)If a quorum under Subparagraph (d) is not obtainable or, even if obtainable, a quorum of disinterested directors so directs:
(c)By the Board upon the opinion in writing of independent legal counsel that indemnification is proper in the circumstances because the applicable standard of conduct set forth in such sections has been met by such director or officer, or
(d)By the Shareholders upon a finding that the director or officer has met the applicable standard of conduct set forth in such circumstances.
3.2For purposes of the Agreement, the termination of any action, suit or proceeding, by judgment, order, settlement) whether with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law or this Agreement.