US Legal Forms - one of many largest libraries of legitimate kinds in America - offers a variety of legitimate file layouts you may download or printing. Using the website, you may get thousands of kinds for organization and specific uses, categorized by groups, states, or keywords and phrases.You will discover the newest versions of kinds like the California Ratification and approval of directors and officers insurance indemnity fund with copy of agreement within minutes.
If you already have a registration, log in and download California Ratification and approval of directors and officers insurance indemnity fund with copy of agreement from the US Legal Forms collection. The Acquire option will appear on every type you look at. You have access to all earlier acquired kinds from the My Forms tab of your respective accounts.
If you would like use US Legal Forms the first time, here are easy instructions to help you get started off:
Each and every web template you added to your account does not have an expiry particular date and it is your own property eternally. So, if you would like download or printing yet another version, just check out the My Forms area and click on about the type you need.
Obtain access to the California Ratification and approval of directors and officers insurance indemnity fund with copy of agreement with US Legal Forms, probably the most comprehensive collection of legitimate file layouts. Use thousands of professional and express-distinct layouts that satisfy your small business or specific requirements and demands.
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.
These provisions generally require the portfolio company to expressly acknowledge that the director has rights of indemnification, advancement, and insurance from the sponsor; to agree that it is the indemnitor of first resort and that it is obligated to advance all expenses and indemnify for all judgments, penalties, ...
A D&O policy protects a director or officer's assets and reimburses them for settlements and legal expenses resulting from such litigation and cases. The purpose of professional indemnity insurance is to protect professionals against claims resulting from mistakes or omissions they have made.
An indemnification provision allocates the risk and expense in the event of a breach, default, or misconduct by one of the parties.
Indemnifications, or ?hold harmless? provisions, shift risks or potential costs from one party to another. One party to the contract promises to defend and pay costs and expenses of the other if specific circumstances arise (often a claim or dispute with a third party to the contract).
Giving directors an exemption from any liability to the company and an indemnity against liability to third parties; taking out and paying for insurance against any liability incurred by the directors.
A company may, however, lend money to a director to fund the director's defence costs. Frequently, an indemnity will include a provision under which the company agrees to lend the director the amounts necessary to fund the director's defence costs.
Under Section 317, subdivision (b), California corporations have the power to indemnify any person who was or is a party or is threatened to be made a party (other than an action by or in the right of the corporation to procure a judgment in its favor) by reason of the fact that the person is or was an agent of the ...