Indemnification Agreement Template

State:
Multi-State
Control #:
US-CC-17-102E
Format:
Word; 
Rich Text
Instant download

Description

The Indemnification Agreement template outlines the terms under which Edgemark Financial Corporation agrees to indemnify its directors and officers against legal expenses and liabilities arising from their official actions. Key features include definitions of 'Proceedings' and 'Expenses,' the conditions for indemnification, and procedures for requesting and granting indemnification. The form facilitates legal protection for directors and officers, ensuring they are not deterred from fulfilling their roles due to the financial risks involved with corporate litigation. It provides clear instructions for filling out the form, emphasizing that indemnification requires a written request and may involve independent legal counsel when necessary. This template is particularly useful for attorneys, partners, owners, and associates engaged with corporate governance, as it outlines crucial legal protections for corporate executives. Paralegals and legal assistants can utilize this template to support the preparation and management of indemnification requests, contributing to a corporation's compliance and risk management strategies.
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  • Preview Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above
  • Preview Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above
  • Preview Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above
  • Preview Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above
  • Preview Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above
  • Preview Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above

How to fill out Indemnification Agreement Between Corporation And Its Directors And Non-Director Officers At Vice President Level And Above?

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FAQ

An indemnity agreement is a contract that protect one party of a transaction from the risks or liabilities created by the other party of the transaction. Hold harmless agreement, no-fault agreement, release of liability, or waiver of liability are other terms for an indemnity agreement.200c

How to Fill Out a Hold Harmless AgreementThe date of the agreement.The name of the person held harmless or protected, with their address.The name of the other party to the agreement, with their address.Details about the activity or event the agreement is about, such as horseback riding or country club membership.More items...

Example 1: A service provider asking their customer to indemnify them to protect against misuse of their work product. Example 2: A rental car company, as the rightful owner of the car, having their customer indemnify them from any damage caused by the customer during the course of the retnal.

How to fill a Letter of Indemnity?A letter of indemnity must include the following key details:-The names and addresses of both parties involved.The name and affiliation of the third party.Detailed descriptions of the items being shipped.Signatures of the parties.Date of execution of the contract.

How to fill a Letter of Indemnity?A letter of indemnity must include the following key details:-The names and addresses of both parties involved.The name and affiliation of the third party.Detailed descriptions of the items being shipped.Signatures of the parties.Date of execution of the contract.

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Indemnification Agreement Template