Delaware Indemnity Agreement between a Company and director, officer or key employee

• Category: Delaware Contracts - Indemnification
• State: Delaware
• Control #: DE-C-I-3000-1
• Format: Word; Rich Text

Description

This is a sample Indemnity Agreement between a Company and director, officer or key employee. An indemnity agreement is a contract that protects 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.‌ The form may be customized to suit your needs. A Delaware Indemnity Agreement is an agreement between a company and its directors, officers, or key employees which indemnifies them for any costs, liabilities, expenses, and loss they may incur in the course of performing their duties. This agreement is important in order to protect the company and its directors, officers, and key employees from any potential legal action that may arise as a result of their duties. The Delaware Indemnity Agreement provides for indemnification of any costs, liabilities, expenses, and loss incurred by the directors, officers, or key employees in the course of their duties. It also covers any actions taken in good faith in their official capacity, as well as reasonable attorneys’ fees and costs associated with defending any claims or proceeding arising from such services. There are two types of Delaware Indemnity Agreement between a Company and directors, officers, or key employees: 1. Standard Delaware Indemnity Agreement: This agreement provides for indemnification of any costs, liabilities, expenses, and loss incurred by the directors, officers, or key employees in the course of their duties. 2. Enhanced Delaware Indemnity Agreement: This agreement provides for enhanced indemnification of any costs, liabilities, expenses, and loss incurred by the directors, officers, or key employees in the course of their duties, including coverage for any actions taken in good faith in their official capacity, as well as reasonable attorneys’ fees and costs associated with defending any claims or proceeding arising from such services.

A Delaware Indemnity Agreement is an agreement between a company and its directors, officers, or key employees which indemnifies them for any costs, liabilities, expenses, and loss they may incur in the course of performing their duties. This agreement is important in order to protect the company and its directors, officers, and key employees from any potential legal action that may arise as a result of their duties. The Delaware Indemnity Agreement provides for indemnification of any costs, liabilities, expenses, and loss incurred by the directors, officers, or key employees in the course of their duties. It also covers any actions taken in good faith in their official capacity, as well as reasonable attorneys’ fees and costs associated with defending any claims or proceeding arising from such services. There are two types of Delaware Indemnity Agreement between a Company and directors, officers, or key employees: 1. Standard Delaware Indemnity Agreement: This agreement provides for indemnification of any costs, liabilities, expenses, and loss incurred by the directors, officers, or key employees in the course of their duties. 2. Enhanced Delaware Indemnity Agreement: This agreement provides for enhanced indemnification of any costs, liabilities, expenses, and loss incurred by the directors, officers, or key employees in the course of their duties, including coverage for any actions taken in good faith in their official capacity, as well as reasonable attorneys’ fees and costs associated with defending any claims or proceeding arising from such services.