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
North Dakota Indemnification Agreement between corporation and its current and future directors
Category:
State:
Multi-State
Control #:
US-CC-17-197C
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Indemnification Agreement Between Corporation And Its Current And Future Directors?
You are able to spend hours online attempting to find the authorized file design that meets the state and federal needs you want. US Legal Forms gives 1000s of authorized types which can be analyzed by pros. It is possible to down load or produce the North Dakota Indemnification Agreement between corporation and its current and future directors from your services.
If you already have a US Legal Forms accounts, you may log in and then click the Acquire button. After that, you may full, modify, produce, or sign the North Dakota Indemnification Agreement between corporation and its current and future directors. Each authorized file design you acquire is yours forever. To obtain another version of the purchased kind, check out the My Forms tab and then click the related button.
If you use the US Legal Forms website the first time, keep to the simple guidelines listed below:
- Initial, ensure that you have chosen the right file design to the state/metropolis of your choice. Look at the kind outline to ensure you have chosen the proper kind. If offered, make use of the Review button to appear with the file design too.
- In order to discover another model from the kind, make use of the Research field to find the design that meets your requirements and needs.
- Once you have found the design you want, click on Purchase now to proceed.
- Choose the prices program you want, type in your qualifications, and register for a free account on US Legal Forms.
- Complete the transaction. You should use your credit card or PayPal accounts to fund the authorized kind.
- Choose the formatting from the file and down load it to the system.
- Make alterations to the file if necessary. You are able to full, modify and sign and produce North Dakota Indemnification Agreement between corporation and its current and future directors.
Acquire and produce 1000s of file templates while using US Legal Forms web site, that provides the most important assortment of authorized types. Use professional and state-certain templates to deal with your business or personal requires.
Form popularity
FAQ
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 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.
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.
Many company constitutions set out rights of indemnity for directors, and often also include provision for directors and officers (D&O) insurance. Alternatively, they may simply provide that the company may indemnify directors. The deed of indemnity is an agreement between the company and a director.
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.
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.
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.
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.