17-102E 17-102E . . . Indemnification Agreements between corporation and its directors and non-director officers at level of Vice President and above. The proposal states that Board anticipates that, if these Indemnification Agreements are ratified and approved, corporation may enter into similar Indemnification Agreements with new directors and non-director officers at same levels without seeking stockholder approval or ratification and that stockholder who votes in favor of ratification and approval sought herein may be estopped from making a claim that such future agreements are invalid
Arkansas Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above
Category:
State:
Multi-State
Control #:
US-CC-17-102E
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Indemnification Agreement Between Corporation And Its Directors And Non-Director Officers At Vice President Level And Above?
Discovering the right authorized file format might be a battle. Obviously, there are plenty of web templates available on the Internet, but how would you discover the authorized type you will need? Utilize the US Legal Forms site. The services offers a large number of web templates, like the Arkansas Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above, that can be used for organization and private demands. All the varieties are examined by specialists and meet up with state and federal requirements.
When you are presently listed, log in to your bank account and click on the Down load option to find the Arkansas Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above. Use your bank account to look throughout the authorized varieties you may have bought earlier. Go to the My Forms tab of your own bank account and acquire one more copy of the file you will need.
When you are a whole new end user of US Legal Forms, listed here are simple instructions so that you can stick to:
- Very first, be sure you have chosen the correct type for your personal town/state. It is possible to examine the form utilizing the Preview option and browse the form information to make sure it is the best for you.
- When the type is not going to meet up with your needs, make use of the Seach area to find the right type.
- When you are positive that the form would work, go through the Purchase now option to find the type.
- Select the rates prepare you desire and enter the required details. Make your bank account and purchase an order with your PayPal bank account or Visa or Mastercard.
- Select the submit file format and download the authorized file format to your gadget.
- Complete, modify and print out and sign the acquired Arkansas Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above.
US Legal Forms may be the greatest local library of authorized varieties in which you will find various file web templates. Utilize the service to download appropriately-made documents that stick to status requirements.
Form popularity
FAQ
Insurance ? The indemnification agreement typically will require that the company provide D&O liability insurance that protects the indemnitee to the same extent as the most favorably insured of the company's and its affiliates' current directors and officers.
Section 145(b) empowers a corporation to indemnify its directors against expenses incurred in connection with the defense or settlement of an action brought by or in the right of the corporation, subject to the standard of conduct determination, and except that no indemnification may be made as to any claim to which ...
Indemnification clauses are contractual provisions that require one party (the ?Indemnitor?) to indemnify another party (the ?Indemnitee?) for losses that the Indemnitee may suffer. In prime contracts, the owner usually is the Indemnitee and the contractor is the Indemnitor.
In most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other party's actions or failure to act. The intent is to shift liability away from one party, and on to the indemnifying party.
Indemnification is, generally speaking, a reimbursement by a company of its Ds&Os for expenses or losses they have incurred in connection with litigation or other proceedings relating to their service to the company.
A director and officer indemnification agreement is a contract that allows executives to protect themselves from claims made against them while performing job. Indemnification means that in the event a lawsuit is filed against a company, the indemnified party is "held harmless" from claims.
A Standard Clause to be inserted into a written executive employment contract detailing the corporate employer's obligation to reimburse the executive for losses incurred in legal proceedings related to service as a corporate director or officer.
In the indemnification agreement, the corporation agrees to reimburse the director or officer for losses incurred in legal proceedings related to their service as a corporate director or officer to the maximum extent permitted by law.