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
Pennsylvania Form Indemnification Agreement by Holiday RV Superstores
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Multi-State
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US-CC-17-103F
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Word;
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How to fill out Form Indemnification Agreement By Holiday RV Superstores?
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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.
Section 145(a) of the DGCL empowers a corporation to indemnify its directors against expenses, judgments, fines, and amounts paid in settlement incurred in connection with actions other than those brought by or in the right of the corporation, subject to a determination that the indemnitee has met the requisite ...
A director and officer indemnification agreement is a contract that allows executives to protect themselves from claims made against them while performing job.
The indemnity may cover liability incurred by the director to any person other than the company or an associated company. This may include both legal costs and the financial costs of an adverse judgement. But the indemnity must not cover liabilities to the company or to any associated company (subsection (2)).
Directors of Delaware corporations are subject to the fiduciary duties of care and loyalty (which include the subsidiary duties of good faith, oversight and disclosure). - Duty of care. Care requires informed, deliberative deci- sion-making based on all material information reasonably available. - Duty of loyalty.
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.
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Corporations. Indemnification Agreement Sample. US Legal Forms provides access to the biggest collection of fillable templates in Word and PDF format. Justia Forms Business Contracts HOLIDAY RV SUPERSTORES INC Financial Information ... The indemnification provided for under this Agreement will remain in full ...WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, Indemnitee ... WHEREAS, the Company desires to attract and retain highly competent persons to serve on its Board of Directors. WHEREAS, in light of the foregoing ... ... in a given year. Form Indemnification Agreement By Holiday Rv Superstores: Fill Out & Sign Online. E&O insurance is similar to professional liability ... by AJ Gallogly · 2010 · Cited by 1 — This article will attempt to provide a general overview of the basic principles thus far established under Pennsylvania law and, to the extent that issues have ... indemnity agreement, an intermediate form indemnity agreement or a broad form ... cover Holiday once the two companies began sharing Airport's facilities.1262. Mar 27, 2018 — NOTE: Google Chrome must be used to access the GURU website and for completing and/or downloading fill-and-print forms. HAZARDS LIABILITY – Purchaser shall indemnify and hold harmless Seller...from and against any and all losses, expenses, demands, and claims made against Seller… 8 hours ago — ... Sales and R. PLEASE READ THE UPDATED RULES FOR THE 2024 SEASON, LICENSE AGREEMENT AND GOLF CART INDEMNIFICATION, if applicable. Calling ...