2011 ORS § 60.407¹
Indemnification of officers, employees and agents

Unless a corporations articles of incorporation provide otherwise:

(1) An officer of the corporation is entitled to mandatory indemnification under ORS 60.394 (Mandatory indemnification), and is entitled to apply for court-ordered indemnification under ORS 60.401 (Court-ordered indemnification), in each case to the same extent as a director under ORS 60.394 (Mandatory indemnification) and 60.401 (Court-ordered indemnification).

(2) The corporation may indemnify and advance expenses under ORS 60.387 (Definitions for ORS 60.387 to 60.414) to 60.411 (Insurance) to an officer, employee or agent of the corporation to the same extent as to a director. [1987 c.52 §100]