Indemnification Of Corporate Officers

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Indemnification of Directors and Officers Sample Clauses

https://www.lawinsider.com/clause/indemnification-of-directors-and-officers

The Board of Directors shall authorize the Corporation to pay or reimburse any present or former Director or officer of the Corporation any costs or expenses actually and necessarily incurred by that officer in any action, suit, or proceeding to which the officer is made a party by reason of holding that position, provided, however, that no officer shall receive such indemnification if finally adjudicated …

Mandatory Indemnification of Corporate Officers and Directors

https://scholar.smu.edu/cgi/viewcontent.cgi?article=3586&context=smulr

MANDATORY INDEMNIFICATION OF CORPORATE OFFICERS AND DIRECTORS by Margaret E. Barrett Most state general corporation statutes permit a corporation to indemnify its directors, officers, employees, and agents for expenses incurred in defend-ing actions for personal liability arising from activities in their official

How Important is Corporate Indemnification? Harvard ...

https://www.delawareinc.com/blog/how-important-is-corporate-indemnification/

Apr 16, 2019 · Indemnification is a key protection for officers, directors and key employees, and the scope of an LLC’s or corporation’s indemnity provisions demands close attention. In an LLC, indemnification is completely discretionary and the scope of indemnification, if any, can be defined in the LLC’s Operating Agreement. Often, an Operating Agreement will provide broad indemnification, …

Indemnification Considerations for Directors and Officers ...

https://www.skadden.com/insights/publications/2021/02/indemnification-considerations

Feb 09, 2021 · Further, even in the absence of a charter provision, a bylaw provision or an indemnification agreement providing Ds&Os with the right to indemnification, a corporation is required by statute to indemnify directors and certain senior officers for expenses actually and reasonably incurred in the defense of any action or proceeding relating to the service as a D&O if he or she …

Indemnification Of Directors And Officers

https://www.contractstandards.com/public/clauses/indemnification-of-directors-and-officers-corporate-bylaws

Sep 06, 2016 · 1.1. Indemnification Of Directors And Officers. The Corporation shall indemnify and hold harmless, to the fullest extent permissible under the law, as the same exists or may exist in the future (but, in the case of any future change, only to the extent that such change permits the Corporation to provide broader indemnification rights than the law permitted prior to such change), each person ...

Protecting directors and officers with indemnification and ...

https://www.discoverdando.com/protecting-directors-and-officers-with-indemnification-and-insurance/

Dec 21, 2015 · Directors and officers liability insurance. While corporate indemnification provides directors and officers with some comfort that they will be supported during times of difficulty, it has become common practice to arrange a second line of protection, directors and officers liability insurance; often known simply as D&O.

Indemnification Agreement (For Company Directors and Officers)

https://www.docracy.com/5473/indemnification-agreement-for-company-directors-and-officers

With respect to a Proceeding brought against directors, officers, employees or agents of the Company (other than Indemnitee), to the fullest extent permitted by applicable law, the Company shall indemnify Indemnitee from any claims for contribution that may be brought by any such directors, officers, employees or agents of the Company (other than Indemnitee) who may be jointly liable with Indemnitee, to the same extent Indemnitee would have been entitled to such indemnification …

DIRECTORS AND OFFICERS LIABILITY

https://jenner.com/system/assets/publications/9389/original/Directors_and_Officers_Liabilty_Sample_Section_6.pdf?1342212

§ 3.09 Corporate Director and Officer Liability under the 1934 Act § 3.10 General Antifraud Provision—Section 10(b) [1] Elements ... Indemnification of Directors and Officers § 5.01 Indemnification Basics [1] The Concept of Indemnification [2] Historical Background

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