Please wait
Exhibit 3.26
Bylaws
of
KP Select, Inc.
a Delaware corporation
ARTICLE I
STOCKHOLDERS
1. Annual Meeting. An annual meeting of the stockholders, for the election of directors to succeed
those whose terms expire and for the transaction of such other business as may properly come before
the meeting, shall be held at such place on such date, and at such time as the Board of Directors
shall each year fix, which date shall be within 13 months of the last annual meeting of
stockholders.
2. Special Meetings; Notice. Special meetings of the stockholders, other than those required by
statute, may be called at any time by the Board of Directors pursuant to a resolution approved by a
majority of the whole Board of Directors or the Chairman of the Board of Directors. Notice of every
special meeting, stating the time, place and purpose, shall be given by mailing, postage prepaid,
at least 10 but not more than 60 days before each such meeting, a copy of such notice addressed to
each stockholder of the Corporation at his post office address as recorded on the books of the
Corporation. The Board of Directors may postpone or reschedule any previously scheduled special
meeting.
3. Notice of Meetings. Written notice of the place, date, and time of all meetings of the
stockholders shall be given, not less than 10 nor more than 60 days before the date on which the
meeting is to be held, to each stockholder entitled to vote at such meeting, except as otherwise
provided herein or required by law (meaning, here and hereinafter, as required from time to time by
the Delaware General Corporation Law or the Certificate of Incorporation of the Corporation).
When a meeting is adjourned to another place, date or time, written notice need not be given
of the adjourned meeting if the place, date and time thereof are announced at the meeting at which
the adjournment is taken; provided, however, that if the date of any adjourned meeting is more than
30 days after the date for which the meeting was originally noticed, or if a new record date is
fixed for the adjourned meeting, written notice of the place, date, and time of the adjourned
meeting shall be given in conformity herewith. At any adjourned meeting, any business may be
transacted which might have been transacted at the original meeting.
4. Quorum. At any meeting of the stockholders, the holders of a majority of all of the shares of
stock entitled to vote at the meeting, present in person or by proxy,
shall constitute a quorum for all purposes, unless or except to the extent that the presence of a
larger number may be required by law. Where a separate vote by a class or classes or series is
required, a majority of the shares of such class or classes or series present in person or
represented by proxy shall constitute a quorum entitled to take action with respect to that vote on
that matter.
If a quorum shall fail to attend any meeting, the chairman of the meeting may adjourn
the meeting to another place, date, or time.
5. Organization. Such person as the Board of Directors may have designated or, in the absence
of such a person, the Chairman of the Board or, in his or her absence, the President of the
Corporation or, in his or her absence, such person as may be chosen by the holders of a majority of
the shares entitled to vote who are present, in person or by proxy, shall call to order any meeting
of the stockholders and act as chairman of the meeting. In the absence of the Secretary of the
Corporation, the secretary of the meeting shall be such person as the chairman of the meeting
appoints.
6. Conduct of Business. The chairman of any meeting of stockholders shall determine the order
of business and the procedure at the meeting, including such regulation of the manner of voting and
the conduct of discussion as seem to him or her in order. The chairman of the meeting shall have
the power to adjourn the meeting to another place, date and time. The date and time of the opening
and closing of the polls for each matter upon which the stockholders will vote at the meeting shall
be announced at the meeting.
7. Proxies and Voting. At any meeting of the stockholders, every stockholder entitled to vote
may vote in person or by proxy authorized by an instrument in writing or by a transmission
permitted by law filed in accordance with the procedure established for the meeting. Any copy,
facsimile telecommunication or other reliable reproduction of the writing or transmission created
pursuant to this paragraph may be substituted or used in lieu of the original writing or
transmission for any and all purposes for which the original writing or transmission could be used,
provided that such copy, facsimile telecommunication or other reproduction shall be a complete
reproduction of the entire original writing or transmission.
All voting, including on the election of directors but excepting where otherwise
required by law, may be by a voice vote; provided, however, that upon demand therefore by a
stockholder entitled to vote or by his or her proxy, a stock vote shall be taken. Every stock
vote shall be taken by ballots, each of which shall state the name of the stockholder or
proxy voting and such other information as may be required under the procedure established
for the meeting.
2
The Corporation may, and to the extent required by law, shall, in advance of any meeting
of stockholders, appoint one or more inspectors to act at the meeting and make a written
report thereof. The Corporation may designate one or more persons as alternate inspectors to
replace any inspector who fails to act.
If no inspector or alternate is able to act at a meeting of stockholders, the person
presiding at the meeting may, and to the extent required by law, shall, appoint one or more
inspectors to act at the meeting. Each inspector, before entering upon the discharge of his
duties, shall take and sign an oath faithfully to execute the duties of inspector with strict
impartiality and according to the best of his ability. Every vote taken by ballots shall be
counted by a duly appointed inspector or inspectors.
All elections shall be determined by a plurality of the votes cast, and except as
otherwise required by law, all other matters shall be determined by the affirmative vote of a
majority of the shares Present in person or represented by proxy and entitled to vote on such
matter.
8. Stock List. A complete list of stockholders entitled to vote at any meeting of
stockholders, arranged in alphabetical order for each class of stock and showing the address of
each such stockholder and the number of shares registered in his or her name, shall be open to the
examination of any such stockholder, for any purpose germane to the meeting, during ordinary
business hours for a period of at least 10 days prior to the meeting, either at a place within the
city where the meeting is to be held, which place shall be specified in the notice of the meeting,
or if not so specified, at the place where the meeting is to be held.
The stock list shall also be kept at the place of the meeting during the whole time thereof and
shall be open to the examination of any such stockholder who is present. This list shall
presumptively determine the identity of the stockholders entitled to vote at the meeting and the
number of shares held by each of them.
9. Action Without Meeting.
(a) Unless otherwise provided in the Certificate of Incorporation, any action required
by statute to be taken at any annual or special meeting of the stockholders, or any action
which may be taken at any annual or special meeting of the stockholders, may be taken without
a meeting, without prior notice and without a vote, if a consent in writing, setting forth
the action so taken, shall be signed by the holders of outstanding stock having not less than
the minimum number of votes that would be necessary to authorize or take such action at a
meeting at which all shares entitled to vote thereon were present and voted.
3
(b) Every written consent shall bear the date of signature of each stockholder who signs
the consent, and no written consent shall be effective to take the corporate action referred
to therein unless, within sixty (60) days of the earliest dated consent delivered to the
corporation in the manner herein required, written consents signed by a sufficient number of
stockholders to take action are delivered to the corporation by delivery to its registered
office in the State of Delaware, its principal place of business or an officer or agent of
the corporation having custody of the book in which proceedings of meetings of stockholders
are recorded. Delivery made to a corporation’s registered office shall be by hand or by
certified or registered mail, return receipt requested. (Del. Code Ann., tit. 8, § 228)
(c) Prompt notice of the taking of the corporate action without a meeting by less than
unanimous written consent shall be given to those stockholders who have not consented in
writing. If the action which is consented to is such as would have required the filing of a
certificate under any section of the Delaware General Corporation Law if such action had been
voted on by stockholders at a meeting thereof, then the certificate filed under such section
shall state, in lieu of any statement required by such section concerning any vote of
stockholders, that written consent has been given in accordance with Section 228 of the
Delaware General Corporation Law.
ARTICLE II
BOARD OF DIRECTORS
1. Number, Election and Term of Directors. Subject to the rights of the holders of any series
of preferred stock to elect directors under specified circumstances, the number of directors shall
be fixed from time to time exclusively by the Board of Directors pursuant to a resolution adopted
by a majority of the total number of directors which the Corporation would have if there were no
vacancies.
2. Newly Created Directorships and Vacancies. Subject to applicable law and to the rights of
the holders of any series of preferred stock with respect to such series of preferred stock, and
unless the Board of Directors otherwise determines, newly created directorships resulting from any
increase in the authorized number of directors or any vacancies on the Board of Directors resulting
from death, resignation, retirement, disqualification, removal from office or other cause shall be
filled only by a majority vote of the directors then in office, though less than a quorum, and
directors so chosen shall hold office for a term expiring at the annual meeting of stockholders at
which the term of office of the class to which they have been elected expires and until such
director’s successor shall have been duly elected and qualified. No decrease in the number of
authorized directors constituting the entire Board of Directors shall shorten the term of any
incumbent director.
4
3. Regular Meetings. Regular meetings of the Board of Directors shall be held at such place or
places, on such date or dates, and at such time or times as shall have been established by the
Board of Directors and publicized among all directors. A notice of each regular meeting shall not
be required.
4. Special Meetings. Special meetings of the Board of Directors may be called by the President or
by two or more directors then in office and shall be held at such place, on such date, and at such
time as they or he or she shall fix. Notice of the place, date, and time of each such special
meeting shall be given each director by whom it is not waived by mailing written notice not less
than five days before the meeting or by telephone or by telegraphing or telexing or by facsimile
transmission of the same not less than 24 hours before the meeting. Unless otherwise indicated in
the notice thereof, any and all business may be transacted at a special meeting.
5. Quorum. At any meeting of the Board of Directors, a majority of the total number of the whole
Board shall constitute a quorum for all purposes. If a quorum shall fail to attend any meeting, a
majority of those present may adjourn the meeting to another place, date, or time, without further
notice or waiver thereof.
6. Participation in Meetings By Conference Telephone. Members of the Board of Directors, or of any
committee thereof, may participate in a meeting of such Board or committee by means of conference
telephone or similar communications equipment by means of which all persons participating in the
meeting can hear each other and such participation shall constitute presence in person at such
meeting.
7. Conduct of Business. At any meeting of the Board of Directors, business shall be transacted in
such order and manner as the Board may from time to time determine, and all matters shall be
determined by the vote of a majority of the directors present, except as otherwise provided herein
or required by law. Action may be taken by the Board of Directors without a meeting if all members
thereof consent thereto in writing, and the writing or writings are filed with the minutes of
proceedings of the Board of Directors.
8. Powers. The Board of Directors may, except as otherwise required by law, exercise all such
powers and do all such acts and things as may be exercised or done by the Corporation, including,
without limiting the generality of the foregoing, the unqualified power:
(a) To declare dividends from time to time in accordance with law;
(b) To purchase or otherwise acquire any property, rights or privileges on such terms as it shall
determine;
5
(c) To authorize the creation, making and issuance, in such form as it may determine, of written
obligations of every kind, negotiable or non-negotiable, secured or unsecured, and to do all things
necessary in connection therewith;
(d) To remove any officer of the Corporation with or without cause, and from time to time to
devolve the powers and duties of any officer upon any other person for the time being;
(e) To confer upon any officer of the Corporation the power to appoint, remove and suspend
subordinate officers, employees and agents;
(f) To adopt from time to time such stock option, stock purchase, bonus or other compensation plans
for directors, officers, employees and agents of the Corporation and its subsidiaries as it may
determine;
(g) To adopt from time to time such insurance, retirement, and other benefit plans for directors,
officers, employees and agents of the Corporation and its subsidiaries as it may determine; and
(h) To adopt from time to time regulations, not inconsistent with these Bylaws, for the management
of the Corporation’s business and affairs.
9. Compensation of Directors. Unless otherwise restricted by the certificate of incorporation, the
Board of Directors shall have the authority to fix the compensation of the directors. The directors
may be paid their expenses, if any, of attendance at each meeting of the Board of Directors and may
be paid a fixed sum for attendance at each meeting of the Board of Directors or paid a stated
salary or paid other compensation as director. No such payment shall preclude any director from
serving the Corporation in any other capacity and receiving compensation therefor. Members of
special or standing committees may be allowed like compensation for attending committee meetings.
ARTICLE III
COMMITTEES
1. Committees of the Board of Directors. The Board of Directors may from time to time designate
committees of the Board, with such lawfully delegable powers and duties as it thereby confers, to
serve at the pleasure of the Board and shall, for those committees and any others provided for
herein, elect a director or directors to serve as the member or members, designating, if it
desires, other directors as alternate members who may replace any absent or disqualified member at
any meeting of the committee. In the absence or disqualification of any member of any committee and
any alternate member in his or her place, the member or members of the committee present at the
meeting and not
6
disqualified from voting, whether or not he or she or they constitute a quorum, may by unanimous
vote appoint another member of the Board of Directors to act at the meeting in the place of the
absent or disqualified member.
2. Conduct of Business. Committees shall consist of one or more directors. Each committee may
determine the procedural rules for meeting and conducting its business and shall act in accordance
therewith, except as otherwise provided herein or required by law. Adequate provision shall be made
for notice to members of all meetings; a majority of the members shall constitute a quorum unless
the committee shall consist of one or two members, in which event one member shall constitute a
quorum; and all matters shall be determined by the affirmative vote of a majority of the members
present. Action may be taken by any committee without a meeting if all members thereof consent
thereto in writing, and the writing or writings are filed with the minutes of the proceedings of
such committee.
ARTICLE IV
OFFICERS
1. Generally. The officers of the Corporation shall consist of a President, one or more Vice
Presidents, a Secretary, an Assistant Secretary, a Treasurer and such other officers as may from
time to time be appointed by the Board of Directors. Officers shall be elected by the Board of
Directors, which shall consider that subject at its first meeting after every annual meeting of
stockholders. Each officer shall hold office until his or her successor is elected and qualified or
until his or her earlier resignation or removal. Any number of offices may be held by the same
person. The salaries of officers elected by the Board of Directors shall be fixed from time to time
by the Board of Directors or by such officers as may be designated by resolution of the Board.
2. President. The President shall be the Chief Executive Officer of the Corporation. Subject to the
provisions of these Bylaws and to the direction of the Board of Directors, he or she shall have the
responsibility for the general management and control of the business and affairs of the
Corporation and shall perform all duties and have all powers which are commonly incident to the
office of chief executive or which are delegated to him or her by the Board of Directors. He or she
shall have power to sign all stock certificates, contracts and other instruments of the Corporation
which are authorized and shall have general supervision and direction of all of the other officers,
employees and agents of the Corporation.
3. Vice President. Each Vice President shall have such powers and duties as may be delegated to him
or her by the Board of Directors. One Vice President shall be designated by the Board to perform
the duties and exercise the powers of the President in the event of the President’s absence or
disability.
7
4. Treasurer. The Treasurer shall have the responsibility for maintaining the financial records of
the Corporation. He or she shall make such disbursements of the funds of the Corporation as are
authorized and shall render from time to time an account of all such transactions and of the
financial condition of the Corporation. The Treasurer shall also perform such other duties as the
Board of Directors may from time to time prescribe.
5. Secretary and Assistant Secretary. The Secretary shall issue all authorized notices for, and
shall keep minutes of, all meetings of the stockholders and the Board of Directors. He or she shall
have charge of the corporate books and shall perform such other duties as the Board of Directors
may from time to time prescribe. The Assistant Secretary shall assist the Secretary in performing
the Secretary’s duties and is authorized to perform the Secretary’s duties.
6. Delegation of Authority. The Board of Directors may from time to time delegate the powers or
duties of any officer to any other officers or agents, notwithstanding any provision hereof.
7. Removal. Any officer of the Corporation may be removed at any time, with or without cause, by
the Board of Directors.
8. Action with Respect to Securities of Other Corporations. Unless otherwise directed by the Board
of Directors, the President or any officer of the Corporation authorized by the President shall
have power to vote and otherwise act on behalf of the Corporation, in person or by proxy, at any
meeting of stockholders of or with respect to any action of stockholders of any other Corporation
in which this Corporation may hold securities and otherwise to exercise any and all rights and
powers which this Corporation may possess by reason of its ownership of securities in such other
Corporation.
ARTICLE V
STOCK
1. Certificates of Stock. Each stockholder shall be entitled to a certificate signed by, or in the
name of the Corporation by, the President or a Vice President, and by the Secretary or an Assistant
Secretary, or the Treasurer or an Assistant Treasurer, certifying the number of shares owned by him
or her. Any or all of the signatures on the certificate may be by facsimile.
2. Transfers of Stock. Transfers of stock shall be made only upon the transfer books of the
Corporation kept at an office of the Corporation or by transfer agents designated to transfer
shares of the stock of the Corporation. Except where a certificate is issued in accordance with
Section 4 of Article V of these Bylaws, an outstanding
8
certificate for the number of shares involved shall be surrendered for cancellation before a new
certificate is issued therefor.
3. Record Date. In order that the Corporation may determine the stockholders entitled to notice of
or to vote at any meeting of stockholders, or to receive payment of any dividend or other
distribution or allotment of any rights or to exercise any rights in respect of any change,
conversion or exchange of stock or for the purpose of any other lawful action, the Board of
Directors may, except as otherwise required by law, fix a record date, which record date shall not
precede the date on which the resolution fixing the record date is adopted and which record date
shall not be more than 60 nor less than 10 days before the date of any meeting of stockholders, nor
more than 60 days prior to the time for such other action as hereinbefore described; provided,
however, that if no record date is fixed by the Board of Directors, the record date for determining
stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the close of
business on the day next preceding the day on which notice is given or, if notice is waived, at the
close of business on the day next preceding the day on which the meeting is held, and, for
determining stockholders entitled to receive payment of any dividend or other distribution or
allotment of rights or to exercise any rights of change, conversion or exchange of stock or for any
other purpose, the record date shall be at the close of business on the day on which the Board of
Directors adopts a resolution relating thereto.
A determination of stockholders of record entitled to notice of or to vote at a meeting of
stockholders shall apply to any adjournment of the meeting; provided, however, that the Board of
Directors may fix a new record date for the adjourned meeting.
4. Lost, Stolen or Destroyed Certificates. In the event of the loss, theft or destruction of any
certificate of stock, another may be issued in its place pursuant to such regulations as the Board
of Directors may establish concerning proof of such loss, theft or destruction and concerning the
giving of a satisfactory bond or bonds of indemnity.
5. Regulations. The issue, transfer, conversion and registration of certificates of stock shall be
governed by such other regulations as the Board of Directors may establish.
ARTICLE VI
NOTICES
1. Notices. Except as otherwise specifically provided herein or required by law, all notices
required to be given to any stockholder, director, officer, employee or agent shall be in writing
and may in every instance be effectively given by hand delivery to the recipient thereof, by
depositing such notice in the mails, postage paid, recognized
9
overnight delivery service or by sending such notice by facsimile, receipt acknowledged, or by
prepaid telegram or mailgram. Any such notice shall be addressed to such stockholder, director,
officer, employee or agent at his or her last known address as the same appears on the books of the
Corporation. The time when such notice is received, if hand delivered, or dispatched, if delivered
through the mails or by telegram or mailgram, shall be the time of the giving of the notice.
2. Waivers. A written waiver of any notice, signed by a stockholder, director, officer, employee or
agent, whether before or after the time of the event for which notice is to be given, shall be
deemed equivalent to the notice required to be given to such stockholder, director, officer,
employee or agent. Neither the business nor the purpose of any meeting need be specified in such a
waiver. Attendance at any meeting shall constitute waiver of notice except attendance for the sole
purpose of objecting to the timeliness of notice.
ARTICLE VII
MISCELLANEOUS
1. Facsimile Signatures. In addition to the provisions for use of facsimile signatures elsewhere
specifically authorized in these Bylaws, facsimile signatures of any officer or officers of the
Corporation may be used whenever and as authorized by the Board of Directors or a committee
thereof.
2. Corporate Seal. The Board of Directors may provide a suitable seal, containing the name of the
Corporation, which seal shall be in the charge of the Secretary. If and when so directed by the
Board of Directors or a committee thereof, duplicates of the seal may be kept and used by the
Treasurer or by an Assistant Secretary or Assistant Treasurer.
3. Reliance upon Books, Reports and Records. Each director, each member of any committee designated
by the Board of Directors, and each officer of the Corporation shall, in the performance of his or
her duties, be fully protected in relying in good faith upon the books of account or other records
of the Corporation and upon such information, opinions, reports or statements presented to the
Corporation by any of its officers or employees, or committees of the Board of Directors so
designated, or by any other person as to matters which such director or committee member reasonably
believes are within such other person’s professional or expert competence and who has been selected
with reasonable care by or on behalf of the Corporation.
4. Fiscal Year. The fiscal year of the Corporation shall be as fixed by the Board of Directors.
10
5. Time Periods. In applying any provision of these Bylaws which requires that an act be done or
not be done a specified number of days prior to an event or that an act be done during a period of
a specified number of days prior to an event, calendar days shall be used, the day of the doing of
the act shall be excluded, and the day of the event shall be included.
ARTICLE VIII
INDEMNIFICATION OF DIRECTORS AND OFFICERS
1. Right to Indemnification. Each person who was or is made a party or is threatened to be made a
party to or is otherwise involved in any action, suit or proceeding, whether civil, criminal,
administrative or investigative (hereinafter a “proceeding”), by reason of the fact that he or she
is or was a director or an officer of the Corporation or is or was serving at the request of the
Corporation as a director, officer, employee or agent of another corporation or of a partnership,
joint venture, trust or other enterprise, including service with respect to an employee benefit
plan (hereinafter an “indemnitee”), whether the basis of such proceeding is alleged action in an
official capacity as a director, officer, employee or agent or in any other capacity while serving
as a director, officer, employee or agent, shall be indemnified and held harmless by the
Corporation to the fullest extent authorized by the Delaware General Corporation Law, as the same
exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that
such amendment permits the Corporation to provide broader indemnification rights than such law
permitted the Corporation to provide prior to such amendment), against all expense, liability and
loss (including attorneys’ fees, judgments, fines, ERISA excise taxes or penalties and amounts paid
in settlement) reasonably incurred or suffered by such indemnitee in connection therewith;
provided, however, that, except as provided in Section 3 of this ARTICLE VIII with respect to
proceedings to enforce rights to indemnification, the Corporation shall indemnify any such
indemnitee in connection with a proceeding (or part thereof) initiated by such indemnitee only if
such proceeding (or part thereof) was authorized by the Board of Directors of the Corporation.
2. Right to Advancement of Expenses. The right to indemnification conferred in Section 1 of this
ARTICLE VIII shall include the right to be paid by the Corporation the expenses (including
attorney’s fees) incurred in defending any such proceeding in advance of its final disposition
(hereinafter an “advancement of expenses”); provided, however, that, if the Delaware General
Corporation Law requires, an advancement of expenses incurred by an indemnitee in his or her
capacity as a director or officer (and not in any other capacity in which service was or is
rendered by such indemnitee, including, without limitation, service to an employee benefit plan)
shall be made only upon delivery to the Corporation of an undertaking (hereinafter an
“undertaking”), by or on behalf of such indemnitee, to repay all amounts so advanced if it shall
ultimately be determined by
11
final judicial decision from which there is no further right to appeal (hereinafter a “final
adjudication”) that such indemnitee is not entitled to be indemnified for such expenses under this
Section 2 or otherwise. The rights to indemnification and to the advancement of expenses conferred
in Sections 1 and 2 of this ARTICLE VIII shall be contract rights and such rights shall continue as
to an indemnitee who has ceased to be a director, officer, employee or agent and shall inure to the
benefit of the indemnitee’s heirs, executors and administrators.
3. Right of Indemnitee to Bring Suit. If a claim under Section 1 or 2 of this ARTICLE VIII is not
paid in full by the Corporation within 60 days after a written claim has been received by the
Corporation, except in the case of a claim for an advancement of expenses, in which case the
applicable period shall be 20 days, the indemnitee may at any time thereafter bring suit against
the Corporation to recover the unpaid amount of the claim. If successful in whole or in part in any
such suit, or in a suit brought by the Corporation to recover an advancement of expenses pursuant
to the terms of an undertaking, the indemnitee shall be entitled to be paid also the expense of
prosecuting or defending such suit. In any suit brought by the indemnitee to enforce a right to
indemnification hereunder (but not in a suit brought by the indemnitee to enforce a right to an
advancement of expenses) it shall be a defense that the indemnitee has not met any applicable
standard for indemnification set forth in the Delaware General Corporation Law. In any suit brought
by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking,
the Corporation shall be entitled to recover such expenses upon a final adjudication that the
indemnitee has not met any applicable standard for indemnification set forth in the Delaware
General Corporation Law. Neither the failure of the Corporation (including its Board of Directors,
independent legal counsel, or its stockholders) to have made a determination prior to the
commencement of such suit that indemnification of the indemnitee is proper in the circumstances
because the indemnitee has met the applicable standard of conduct set forth in the Delaware General
Corporation Law, nor an actual determination by the Corporation (including its Board of Directors,
independent legal counsel, or its stockholders) that the indemnitee has not met such applicable
standard of conduct, shall create a presumption that the indemnitee has not met the applicable
standard of conduct or, in the case of such a suit brought by the indemnitee, be a defense to such
suit. In any suit brought by the indemnitee to enforce a right to indemnification or to an
advancement of expenses hereunder, or brought by the Corporation to recover an advancement of
expenses pursuant to the terms of an undertaking, the burden of proving that the indemnitee is not
entitled to be indemnified or to such advancement of expenses, under this ARTICLE VIII or otherwise
shall be on the Corporation.
4. Non-Exclusivity of Rights. The rights to indemnification and to the advancement of expenses
conferred in this ARTICLE VIII shall not be exclusive of any other right which any person may have
or hereafter acquire under any statute, the
12
Corporation’s Certificate of Incorporation, Bylaws, agreement, vote of stockholders or
disinterested directors or otherwise.
5. Insurance. The Corporation may maintain insurance, at its expense, to protect itself and any
director, officer, employee or agent of the Corporation or another corporation, partnership, joint
venture, trust or other enterprise against any expense, liability or loss, whether or not the
Corporation would have the power to indemnify such person against such expense, liability or loss
under the Delaware General Corporation Law.
6. Indemnification of Employees and Agents of the Corporation. The Corporation may, to the extent
authorized from time to time by the Board of Directors, grant rights to indemnification and to the
advancement of expenses to any officer, employee or agent of the Corporation to the fullest extent
of the provisions of this Article with respect to the indemnification and advancement of expenses
of directors and officers of the Corporation.
ARTICLE IX
AMENDMENTS
In furtherance and not in limitation of the powers conferred by law, the Board of Directors is
expressly authorized to make, alter, amend and repeal these Bylaws subject to the power of the
holders of capital stock of the Corporation to alter, amend or repeal the Bylaws; provided,
however, that, with respect to the powers of holders of capital stock to make, alter, amend and
repeal Bylaws of the Corporation, notwithstanding any other provision of these Bylaws or any
provision of law which might otherwise permit a lesser vote or no vote, but in addition to any
affirmative vote of the holders of any particular class or series of the capital stock of the
Corporation required by law, these Bylaws or any preferred stock, the affirmative vote of the
holders of at least 50% of the voting power of all of the then-outstanding shares entitled to vote
generally in the election of directors, voting together as a single class, shall be required to
make, alter, amend or repeal any provision of these Bylaws.
13