Missouri Indemnity Agreement between corporation and directors officers employees and agents of corporation

State:
Multi-State
Control #:
US-CC-17-146
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.
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  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation

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FAQ

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.

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.

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 ...

A corporation created under the laws of this state may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit, or proceeding, whether civil, criminal, administrative or investigative, other than an action by or in the right of the corporation, ...

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.

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, 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.

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Missouri Indemnity Agreement between corporation and directors officers employees and agents of corporation