17-158 17-158 . . . Indemnification Agreement between corporation and its directors and/or officers including future directors and officers containing detailed provisions relating to method for determining whether standards for indemnification or reimbursement have been met and making corporation responsible for all costs of determining whether a person is entitled to indemnification or reimbursement regardless of whether person is ultimately found to be entitled to indemnification
New York Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met
Category:
State:
Multi-State
Control #:
US-CC-17-158
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Indemnification Agreement Between Corporation And Its Directors Regarding Method For Determining Whether Standards For Indemnification Have Been Met?
US Legal Forms - one of several greatest libraries of legitimate types in America - provides an array of legitimate document templates you are able to obtain or print out. Utilizing the internet site, you will get thousands of types for enterprise and specific uses, categorized by categories, states, or keywords and phrases.You will find the most recent variations of types like the New York Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met within minutes.
If you currently have a monthly subscription, log in and obtain New York Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met from the US Legal Forms library. The Download switch will show up on every single kind you perspective. You gain access to all in the past saved types in the My Forms tab of your respective account.
If you would like use US Legal Forms initially, listed below are basic instructions to help you started:
- Make sure you have picked out the proper kind to your metropolis/region. Select the Preview switch to analyze the form`s articles. Look at the kind description to ensure that you have chosen the proper kind.
- If the kind doesn`t suit your requirements, take advantage of the Search industry on top of the display screen to find the the one that does.
- Should you be happy with the shape, validate your decision by clicking on the Buy now switch. Then, choose the prices strategy you prefer and supply your references to sign up for the account.
- Approach the financial transaction. Utilize your credit card or PayPal account to accomplish the financial transaction.
- Select the formatting and obtain the shape on the device.
- Make changes. Fill up, change and print out and sign the saved New York Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met.
Every design you included with your account does not have an expiry time and is your own for a long time. So, if you want to obtain or print out an additional copy, just proceed to the My Forms area and click about the kind you require.
Obtain access to the New York Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met with US Legal Forms, by far the most considerable library of legitimate document templates. Use thousands of skilled and express-certain templates that meet your business or specific demands and requirements.
Form popularity
FAQ
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.
New York's General Obligations Law §5-322.1 prohibits enforcement of an indemnification agreement for damage arising ?out of bodily injuries to persons or damage to property contributed to, caused by, or resulting from the negligence of the promisee, his agents or employees, or indemnitee, whether such negligence be in ...
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.
Under a typical indemnification provision, the employer agrees to indemnify the executive against lawsuits, claims, or demands against the employee resulting from the employee's good faith performance of his or her duties and obligations.
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.
Indemnification is, generally speaking, a reimbursement by a company of its Ds&Os for expenses or losses they have incurred in connection with litigation or other proceedings relating to their service to the company.
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.
The GOL§ 5-322.1 prohibits a party involved in the construction, alteration, maintenance or repair of a building from contracting with another to indemnify or hold it harmless for injuries arising out of its own negligence.