This is a due diligence contract provision that a company will provide reimbursement for any losses that the director may incur in business transactions.
Puerto Rico Director Favorable Director Indemnification Agreement
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Multi-State
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US-DD0603
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Intel Puerto Rico Retirement Savings Plan (the "Plan"), relatingindemnification agreements with each of its directors and certain of its officers. The ... By JH Cheek III · 1969 · Cited by 22 ? 301 (1943); Jervis, Corporate Agreements to Pay Directors' Lvpenses in Stockholders'District of Columbia and Puerto Rico have indemnity provisions.Dear Mr. Villamil: The Board of Directors (the ?Board?) of First BanCorp (the ?Corporation?), the bank holding company of FirstBank Puerto Rico ... The Puerto Rico Supreme Court reinforced Puerto Rico's strong public policy favoring arbitration agreements in Aponte Valentin v. By examining the contract as a whole, the Court determines that the bylaws unambiguously provide indemnification to current and former directors ... Alabama no longer requires reinsurance agreements to be submitted in support ofProvide Conflict of Interest statements for each Officer and Director of ... On behalf of the Board of Directors and officers of Evertec, Inc.,standing committees, Puerto Rico law and the Stockholder Agreement. by the Puerto Rico Oversight, Management, and Economic Stability Act,by the Board's Executive Director, Contractor shall return to the ... 2012 The Travelers Indemnity Company. All rights reserved. ALL LIABILITY COVERAGE PARTS FOR WHICH APPLICATION IS MADE APPLY, SUBJECT TO THEIR TERMS,. And I would appreciate your favorable consideration of this legislation.And Mr. Carlos Fuentes, the Director of the National Legislative Services of ...