+23. Indemnities to Directors and Others
[Bylaw No. 1, Article 21]
Every director or officer of the Corporation or other person who has undertaken or is about to undertake any liability on behalf of the Corporation or any corporation controlled by it and their heirs, executors, and administrators, respectively, shall from time to time and at all times, be indemnified and saved harmless out of the funds of the Corporation, from and against,
- all costs, charges and expenses whatsoever which such director, officer or other person sustains or incurs in or about any action, suit or proceeding that is brought, commenced or prosecuted against the director for or in respect of any act, deed matter or thing whatsoever, made, done or permitted by the director, in or about the execution of the duties of the office or in respect of any such liability; and
- all other costs, charges and expenses which the director sustains or incurs in or about or in relation to the affairs thereof, except such costs, charges or expenses as are occasioned by the director’s own wilful neglect or default.
The Corporation shall also indemnify any such person in such other circumstances as the Act or law permits or requires. Nothing in this by-law shall limit the right of any person entitled to indemnity to claim indemnity apart from the provisions of this by-law to the extent permitted by the Act or law.
Adopted June 10, 2025