17-102E 17-102E . . . Indemnification Agreements between corporation and its directors and non-director officers at level of Vice President and above. The proposal states that Board anticipates that, if these Indemnification Agreements are ratified and approved, corporation may enter into similar Indemnification Agreements with new directors and non-director officers at same levels without seeking stockholder approval or ratification and that stockholder who votes in favor of ratification and approval sought herein may be estopped from making a claim that such future agreements are invalid
New Mexico Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above
Category:
State:
Multi-State
Control #:
US-CC-17-102E
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Indemnification Agreement Between Corporation And Its Directors And Non-Director Officers At Vice President Level And Above?
Are you currently in the situation that you need to have papers for sometimes organization or specific reasons almost every day? There are plenty of lawful file web templates available on the net, but finding types you can depend on isn`t straightforward. US Legal Forms gives a huge number of type web templates, just like the New Mexico Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above, which are composed in order to meet federal and state requirements.
In case you are already acquainted with US Legal Forms site and also have a free account, simply log in. After that, you are able to acquire the New Mexico Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above format.
If you do not provide an bank account and would like to begin using US Legal Forms, abide by these steps:
- Get the type you need and ensure it is for your right metropolis/region.
- Utilize the Review button to analyze the shape.
- Browse the outline to ensure that you have selected the right type.
- In case the type isn`t what you`re trying to find, make use of the Lookup industry to discover the type that meets your requirements and requirements.
- If you find the right type, click Acquire now.
- Choose the rates prepare you want, complete the required information and facts to create your account, and pay for the transaction using your PayPal or credit card.
- Decide on a practical file structure and acquire your copy.
Find all of the file web templates you possess bought in the My Forms food selection. You can obtain a extra copy of New Mexico Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above at any time, if necessary. Just click the needed type to acquire or print out the file format.
Use US Legal Forms, the most considerable variety of lawful kinds, to save lots of some time and stay away from mistakes. The services gives professionally manufactured lawful file web templates which can be used for a variety of reasons. Create a free account on US Legal Forms and start making your life a little easier.
Form popularity
FAQ
Indemnification clauses are contractual provisions that require one party (the ?Indemnitor?) to indemnify another party (the ?Indemnitee?) for losses that the Indemnitee may suffer. In prime contracts, the owner usually is the Indemnitee and the contractor is the Indemnitor.
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 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.
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 ...
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.
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.
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.
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.