Indemnify Corporate Officers

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Indemnification of Directors and Officers Sample Clauses

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

Indemnification of Directors and Officers. Prior to the Closing Date, the Company shall bind a directors’ and officers’ liability insurance policy providing “tail” coverage (which policy may be a continuation or extension of the Company’s existing directors’ and officers’ liability insurance policy) for each present or former director and officer of the Company (the “Company ...

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 .

Indemnification Considerations for Directors and Officers ...

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

Feb 09, 2021 · Modification: As opposed to indemnification and advancement rights created by the company’s organizational documents, which may be amended by the board or shareholders, indemnification agreements allow the director or officer to prevent the company from unilaterally terminating or reducing the indemnitee’s rights. Although a provision ...

Protecting directors and officers with indemnification and ...

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

Dec 21, 2015 · Corporate indemnification. The first line of protection for directors and officers is corporate indemnification. Corporate indemnification is an agreement between an organisation and its executives, whereby the organisation agrees to protect or ‘indemnify’ each individual from personal liabilities arising from the performance of their ...

Indemnification Agreement (For Company Directors and Officers)

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

[Company Name] Indemnification Agreement . This Indemnification Agreement (this “Agreement”) is made as of Date, by and between [Company Name], a Delaware corporation (the “Company”), and [Indemnitees Name] (“Indemnitee”). RECITALS. The Company and Indemnitee recognize the increasing difficulty in obtaining liability insurance for directors, officers and key employees, the ...

Form of Indemnity Agreement for Directors and Executive ...

https://www.sec.gov/Archives/edgar/data/0001341439/000119312511351954/d263957dex107.htm

G. Section 145 of the General Corporation Law of Delaware, under which the Company is organized (“Section 145”), empowers the Company to indemnify by agreement its officers, directors, employees and agents, and persons who serve, at the request of the Company, as directors, officers, employees or agents of other corporations or enterprises ...

§ 145. Indemnification of officers, directors, employees ...

https://law.justia.com/codes/delaware/2014/title-8/chapter-1/subchapter-iv/section-145

(a) A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the ...

When Officers Must Indemnify The Corporation

https://www.calcorporatelaw.com/2013/06/when-officers-must-indemnify-the-corporation

Jun 07, 2013 · Much attention is focused on the power of corporations to indemnify corporate officers and other agents. In California, this is addressed by Corporations Code Section 317, which establishes the power to provide indemnification, and Section 204(a)(11) which allows corporations to include a provision in the articles authorizing indemnification in excess of that expressly permitted by Section …

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