Georgia Indemnification Agreement between corporation and its current and future directors

State:
Multi-State
Control #:
US-CC-17-197C
Format:
Word; 
Rich Text
Instant download

Description

17-197C 17-197C . . . Indemnification Agreement to be entered into between corporation and its current and future directors and such current and future officers and other agents as directors may designate. The proposal includes description of procedural and substantive matters in Indemnification Agreements that are not addressed, or are addressed in less detail, in California law
Free preview
  • Preview Indemnification Agreement between corporation and its current and future directors
  • Preview Indemnification Agreement between corporation and its current and future directors
  • Preview Indemnification Agreement between corporation and its current and future directors
  • Preview Indemnification Agreement between corporation and its current and future directors
  • Preview Indemnification Agreement between corporation and its current and future directors
  • Preview Indemnification Agreement between corporation and its current and future directors
  • Preview Indemnification Agreement between corporation and its current and future directors
  • Preview Indemnification Agreement between corporation and its current and future directors
  • Preview Indemnification Agreement between corporation and its current and future directors
  • Preview Indemnification Agreement between corporation and its current and future directors

How to fill out Indemnification Agreement Between Corporation And Its Current And Future Directors?

You can invest hours on the Internet looking for the lawful document web template which fits the state and federal specifications you need. US Legal Forms supplies thousands of lawful forms which are analyzed by experts. You can easily download or print the Georgia Indemnification Agreement between corporation and its current and future directors from the assistance.

If you already have a US Legal Forms account, it is possible to log in and click on the Download button. Afterward, it is possible to complete, revise, print, or indicator the Georgia Indemnification Agreement between corporation and its current and future directors. Every single lawful document web template you get is the one you have permanently. To acquire an additional backup of any obtained develop, proceed to the My Forms tab and click on the corresponding button.

If you are using the US Legal Forms website for the first time, adhere to the basic recommendations listed below:

  • Initial, make sure that you have chosen the correct document web template for the state/town of your liking. Read the develop explanation to ensure you have selected the right develop. If accessible, utilize the Preview button to look through the document web template at the same time.
  • If you want to locate an additional variation in the develop, utilize the Search discipline to obtain the web template that meets your requirements and specifications.
  • Upon having identified the web template you want, click on Get now to proceed.
  • Pick the rates program you want, type in your qualifications, and register for an account on US Legal Forms.
  • Total the deal. You may use your credit card or PayPal account to pay for the lawful develop.
  • Pick the format in the document and download it in your product.
  • Make alterations in your document if needed. You can complete, revise and indicator and print Georgia Indemnification Agreement between corporation and its current and future directors.

Download and print thousands of document themes making use of the US Legal Forms Internet site, which provides the largest selection of lawful forms. Use skilled and condition-certain themes to handle your company or individual demands.

Form popularity

FAQ

What Is an Indemnification Clause? An indemnification clause is a legally binding agreement between two parties specifying that one party (the indemnifying party) will compensate the other party (the indemnified party) for any losses or damages that may arise from a particular event or circumstance.

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.

Indemnification clauses are generally enforceable, but there are important qualifications. Some courts hold that broad form or ?no fault? indemnifications, which are blind to fault on the part of either party, violate public policy.

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.

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 ...

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 requires the indemnifying party to: Reimburse for covered paid costs and expenses (losses). Georgia courts require reimbursement for all paid losses pursuant to the parties' contract (see, for example, Deep Six, Inc.

Indemnification is protection against loss or damage. When a contract is breached, the parties look to its indemnity clause to determine the compensation due to the aggrieved party by the nonperformer. The point is to restore the damaged party to where they would have been if not for the nonperformance.

Trusted and secure by over 3 million people of the world’s leading companies

Georgia Indemnification Agreement between corporation and its current and future directors