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
Oklahoma 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?
You are able to invest hours on the Internet attempting to find the legitimate record design that suits the federal and state needs you want. US Legal Forms supplies a huge number of legitimate varieties which can be evaluated by pros. It is possible to down load or produce the Oklahoma Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met from the assistance.
If you already have a US Legal Forms accounts, you can log in and click the Down load switch. Afterward, you can comprehensive, modify, produce, or indicator the Oklahoma Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met. Each and every legitimate record design you purchase is your own eternally. To have one more copy associated with a obtained form, proceed to the My Forms tab and click the related switch.
If you use the US Legal Forms web site the first time, follow the straightforward directions under:
- Initially, make certain you have chosen the best record design to the area/city of your choice. Look at the form outline to ensure you have picked the appropriate form. If available, make use of the Review switch to appear with the record design too.
- If you wish to locate one more edition of your form, make use of the Search discipline to discover the design that meets your needs and needs.
- After you have identified the design you need, click on Acquire now to proceed.
- Pick the prices prepare you need, type in your references, and sign up for your account on US Legal Forms.
- Comprehensive the transaction. You may use your bank card or PayPal accounts to purchase the legitimate form.
- Pick the format of your record and down load it to your system.
- Make alterations to your record if needed. You are able to comprehensive, modify and indicator and produce Oklahoma Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met.
Down load and produce a huge number of record web templates using the US Legal Forms Internet site, that offers the most important variety of legitimate varieties. Use specialist and express-specific web templates to handle your company or specific demands.
Form popularity
FAQ
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.
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.
A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation, by reason of the ...
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 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 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, 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.