17-103F 17-103F . . . Indemnification Agreement with corporation's directors and two of its officers and to authorize corporation to enter into similar indemnification agreements with its future directors and nominees for director and with certain present and future officers. The stated reason for this proposal is because management believes that existing indemnification protection provided by Florida Business Corporation Act is inadequate in certain respects
New Hampshire Form Indemnification Agreement by Holiday RV Superstores
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State:
Multi-State
Control #:
US-CC-17-103F
Format:
Word;
Rich Text
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How to fill out Form Indemnification Agreement By Holiday RV Superstores?
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FAQ
A director and officer indemnification agreement is a contract that allows executives to protect themselves from claims made against them while performing job.
In the agreement, the company agrees to reimburse the director or officer for losses incurred in legal proceedings related to their service as a director or officer and to advance funds to the director or officer to pay expenses as they are incurred.
Although similar to a hold harmless agreement, an indemnity agreement is an arrangement whereby one party agrees to pay the other party for any damages regardless of who is at fault.