Iowa Indemnity Agreement between corporation and directors and / or officers

State:
Multi-State
Control #:
US-CC-17-171
Format:
Word; 
Rich Text
Instant download

Description

This sample form, a detailed Indemnity Agreement, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

Iowa Indemnity Agreement between corporation and directors and/or officers is a legal document that outlines the terms and conditions under which a corporation agrees to indemnify its directors and officers for certain expenses and liabilities incurred in their official capacities. This agreement provides financial protection and assurance to the directors and officers, thereby encouraging them to perform their duties with diligence and without the fear of personal financial consequences. Keywords: Iowa, Indemnity Agreement, corporation, directors, officers, legal document, indemnify, expenses, liabilities, financial protection, duties, diligence, personal financial consequences. There are two main types of Iowa Indemnity Agreements between a corporation and its directors and/or officers: 1. General Indemnification Agreement: This type of agreement provides broad indemnification coverage to directors and officers, encompassing all actions taken in their official capacities, except for those resulting from their own willful misconduct or gross negligence. It protects the individuals from legal expenses, judgments, fines, penalties, settlements, and other costs incurred as a result of their service to the corporation. Keywords: General indemnification, broad coverage, official capacities, willful misconduct, gross negligence, legal expenses, judgments, fines, penalties, settlements, costs. 2. Limited Indemnification Agreement: In certain situations, a corporation may opt for a limited indemnification agreement that restricts the scope of indemnity provided to directors and officers. This type of agreement may specify certain limitations or exclusions to the indemnification coverage, such as actions related to conflicts of interest, deliberate violations of laws, or breaches of fiduciary duties. Keywords: Limited indemnification, restrictions, limitations, exclusions, conflicts of interest, violations of laws, breaches of fiduciary duties. Regardless of the specific type, an Iowa Indemnity Agreement between a corporation and its directors and/or officers is designed to safeguard the individuals against financial hardships resulting from legal claims and litigation arising from their official roles. It promotes accountability and encourages confident decision-making in the best interest of the corporation and its stakeholders. Keywords: Safeguard, financial hardships, legal claims, litigation, official roles, accountability, confident decision-making, the best interest, stakeholders.

Free preview
  • Preview Indemnity Agreement between corporation and directors and / or officers
  • Preview Indemnity Agreement between corporation and directors and / or officers
  • Preview Indemnity Agreement between corporation and directors and / or officers
  • Preview Indemnity Agreement between corporation and directors and / or officers
  • Preview Indemnity Agreement between corporation and directors and / or officers
  • Preview Indemnity Agreement between corporation and directors and / or officers
  • Preview Indemnity Agreement between corporation and directors and / or officers
  • Preview Indemnity Agreement between corporation and directors and / or officers
  • Preview Indemnity Agreement between corporation and directors and / or officers
  • Preview Indemnity Agreement between corporation and directors and / or officers
  • Preview Indemnity Agreement between corporation and directors and / or officers

How to fill out Iowa Indemnity Agreement Between Corporation And Directors And / Or Officers?

US Legal Forms - one of the largest libraries of legal types in the United States - offers a wide array of legal file themes it is possible to download or print out. Utilizing the site, you will get 1000s of types for company and individual reasons, categorized by types, claims, or key phrases.You will find the latest models of types just like the Iowa Indemnity Agreement between corporation and directors and / or officers in seconds.

If you already possess a subscription, log in and download Iowa Indemnity Agreement between corporation and directors and / or officers through the US Legal Forms local library. The Obtain key will show up on each develop you look at. You have access to all previously downloaded types within the My Forms tab of the profile.

In order to use US Legal Forms for the first time, listed below are simple guidelines to help you get started:

  • Be sure you have picked out the correct develop for the metropolis/county. Go through the Review key to review the form`s content material. Browse the develop explanation to ensure that you have chosen the appropriate develop.
  • In case the develop does not fit your requirements, take advantage of the Search area towards the top of the display to obtain the one which does.
  • In case you are content with the form, confirm your option by clicking on the Buy now key. Then, opt for the costs program you favor and give your accreditations to sign up for the profile.
  • Approach the deal. Make use of your Visa or Mastercard or PayPal profile to perform the deal.
  • Choose the file format and download the form on your own system.
  • Make alterations. Fill out, edit and print out and sign the downloaded Iowa Indemnity Agreement between corporation and directors and / or officers.

Every single template you included with your money lacks an expiration day which is the one you have eternally. So, in order to download or print out another backup, just visit the My Forms section and click on around the develop you want.

Gain access to the Iowa Indemnity Agreement between corporation and directors and / or officers with US Legal Forms, probably the most extensive local library of legal file themes. Use 1000s of expert and status-distinct themes that meet your business or individual requirements and 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.

Indemnification refers to the right to have a company reimburse current or former directors or officers for all losses, including legal fees, incurred in connection with litigation arising from actions taken in service to the company or at the company's direction.

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.

Indemnification under Companies Act, 2013: While Section 201 of the erstwhile Companies Act, 1956 had restricted a company from indemnifying the directors of the company, the Companies Act, 2013 does not have any such restriction and therefore, directors can now be indemnified by companies against liabilities.

Section 145(c)(1) provides that to the extent a director has been successful on the merits or otherwise in defense of any action, suit, or proceeding referenced in Section 145(a) or Section 145(b), the director shall be indemnified against expenses actually and reasonably incurred by the director in connection ...

Indemnification, also referred to as indemnity, is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified party) for certain costs and expenses, typically stemming from third-party claims.

Indemnification Agreement to secure against loss or damage; to give security for the reimbursement of a person in case of an anticipated loss falling upon him. Also to make good; to compensate; to make reimbursement to one of a loss already incurred by him.

Interesting Questions

More info

This Amended and Restated Indemnity Agreement, effective as of. (this "Agreement"), between HNI Corporation, an Iowa corporation ("Corporation"), and. (" ... Dec 30, 2022 — 490.856 Indemnification of officers. 1. A corporation may indemnify and advance expenses under this part to an officer who.This model Contract is to be used for purchasing services. If you want to purchase goods, you should consult with the Attorney General's Office. The Sub-Agent does hereby indemnify, defend, and hold harmless the Company, its officers, directors, employees, representatives, partners, subsidiaries, ... by RP McKinney · 1987 · Cited by 14 — Legal counsel should test the scope of a particular indemnification statute by determin- ing what standards must be met, what procedures must be fol- lowed, and ... (c) The Company hereby agrees to fully indemnify, hold harmless and exonerate Indemnitee from any claims for contribution which may be brought by officers, ... The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement for the sale or disposition by the Company of all ... Feb 9, 2021 — This article is part one in a two-part series that will consider the principal protections that may be utilized to protect Ds&Os against ... by ME Barrett · 1975 · Cited by 9 — Most state general corporation statutes permit a corporation to indemnify its directors, officers, employees, and agents for expenses incurred in defend-. ... of an officer may be filled by the board of directors for the unexpired portion of the term. Section 5.8. Contract Rights of Officers. The appointment of an ...

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

Iowa Indemnity Agreement between corporation and directors and / or officers