Mississippi Indemnity Agreement between corporation and directors and / or officers
Description
How to fill out Indemnity Agreement Between Corporation And Directors And / Or Officers?
Choosing the best legal file format can be a have difficulties. Needless to say, there are tons of layouts available on the net, but how can you find the legal kind you will need? Use the US Legal Forms web site. The services gives 1000s of layouts, including the Mississippi Indemnity Agreement between corporation and directors and / or officers, that you can use for company and private requirements. All the kinds are examined by pros and satisfy federal and state requirements.
If you are currently signed up, log in for your accounts and click the Download switch to obtain the Mississippi Indemnity Agreement between corporation and directors and / or officers. Utilize your accounts to look with the legal kinds you might have purchased in the past. Proceed to the My Forms tab of your own accounts and acquire another copy of the file you will need.
If you are a fresh end user of US Legal Forms, listed here are easy guidelines so that you can stick to:
- First, ensure you have chosen the right kind to your town/state. You may check out the shape making use of the Preview switch and study the shape outline to ensure this is the best for you.
- When the kind does not satisfy your preferences, take advantage of the Seach field to discover the proper kind.
- When you are certain the shape would work, click on the Get now switch to obtain the kind.
- Choose the costs plan you would like and type in the needed details. Create your accounts and purchase an order using your PayPal accounts or bank card.
- Pick the data file structure and obtain the legal file format for your device.
- Comprehensive, modify and print and signal the acquired Mississippi Indemnity Agreement between corporation and directors and / or officers.
US Legal Forms is definitely the largest collection of legal kinds where you can discover numerous file layouts. Use the service to obtain professionally-created papers that stick to status requirements.
Form popularity
FAQ
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.
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 ...
Indemnification is often very broad, often extending ?to the maximum extent permitted by law?, whereas D&O insurance polices contain numerous exclusions and conditions. In addition, D&O insurance must be renewed each year, with possible changes in terms and conditions.
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.
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 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.
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.