17-158 17-158 . . . Indemnification Agreement between corporation and its directors and/or officers including future directors and officers containing detailed provisions relating to method for determining whether standards for indemnification or reimbursement have been met and making corporation responsible for all costs of determining whether a person is entitled to indemnification or reimbursement regardless of whether person is ultimately found to be entitled to indemnification
Maryland Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met
Category:
State:
Multi-State
Control #:
US-CC-17-158
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Indemnification Agreement Between Corporation And Its Directors Regarding Method For Determining Whether Standards For Indemnification Have Been Met?
If you want to comprehensive, down load, or produce authorized papers web templates, use US Legal Forms, the largest variety of authorized kinds, which can be found on the web. Utilize the site`s easy and hassle-free lookup to obtain the documents you need. Various web templates for business and personal reasons are sorted by types and says, or keywords and phrases. Use US Legal Forms to obtain the Maryland Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met within a few mouse clicks.
When you are previously a US Legal Forms customer, log in in your bank account and then click the Obtain button to get the Maryland Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met. You may also entry kinds you in the past downloaded from the My Forms tab of your own bank account.
If you work with US Legal Forms the first time, follow the instructions under:
- Step 1. Be sure you have selected the form for your right city/country.
- Step 2. Utilize the Review method to examine the form`s information. Don`t forget about to see the outline.
- Step 3. When you are not satisfied with the kind, use the Research field towards the top of the monitor to locate other types of your authorized kind web template.
- Step 4. Upon having identified the form you need, click on the Acquire now button. Select the rates prepare you favor and add your qualifications to sign up for an bank account.
- Step 5. Process the financial transaction. You can utilize your credit card or PayPal bank account to complete the financial transaction.
- Step 6. Select the structure of your authorized kind and down load it on your system.
- Step 7. Total, edit and produce or indication the Maryland Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met.
Each authorized papers web template you acquire is the one you have permanently. You might have acces to each and every kind you downloaded within your acccount. Go through the My Forms portion and select a kind to produce or down load once more.
Compete and down load, and produce the Maryland Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met with US Legal Forms. There are many skilled and status-particular kinds you can utilize to your business or personal needs.
Form popularity
FAQ
What Are the Types of Indemnity Clauses? Bare Indemnity. Here, the supplier must compensate the affected party to cover losses caused by circumstances predefined in the contract. ... Third-party Indemnity. A third-party indemnity applies to third-party claims made against one of the parties. ... Inter-party Indemnity.
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.
(1) A corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee, or agent of the corporation, or who, while a director, officer, employee, or agent of the corporation, is or was serving at the request of the corporation as a director, officer, partner, trustee, ...
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.
There are three main types of express indemnity clauses: broad form, intermediate form, and limited form. Broad form express indemnity clauses require the indemnitor to hold the indemnitee harmless for all liability, even if the indemnitee is solely at fault.
Methods of Providing Indemnity Cash payment. Replacement. Reinstatement. Repair.
Level One: Broad Form Indemnification. Broad form indemnification requires the indemnitor to pay not only for losses for which it is responsible but also for losses solely caused by the indemnitee. ... Level Two: Intermediate Form Indemnification. ... Level Three: Limited Form Indemnification.
In the indemnity clause, one party commits to compensate another party for any prospective loss or damage. More common is in insurance contracts, in exchange for premiums paid by the insured to the insurer, the insurer offers to compensate the insured for any potential damages or losses.