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
South Dakota 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?
Choosing the right legitimate document design might be a have difficulties. Needless to say, there are plenty of themes available on the net, but how do you find the legitimate develop you want? Use the US Legal Forms site. The assistance offers a huge number of themes, for example the South Dakota Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above, that you can use for company and personal requires. All of the forms are examined by pros and meet federal and state specifications.
When you are previously authorized, log in to the accounts and click the Acquire switch to have the South Dakota Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above. Make use of your accounts to look with the legitimate forms you possess purchased formerly. Visit the My Forms tab of your own accounts and get yet another duplicate from the document you want.
When you are a new end user of US Legal Forms, listed here are basic directions so that you can stick to:
- Initially, be sure you have chosen the correct develop for your town/area. It is possible to look over the form while using Review switch and look at the form description to make sure this is the best for you.
- In case the develop fails to meet your needs, utilize the Seach discipline to obtain the correct develop.
- When you are certain that the form is suitable, click the Buy now switch to have the develop.
- Select the rates program you need and enter in the needed details. Design your accounts and purchase the order with your PayPal accounts or charge card.
- Pick the document structure and down load the legitimate document design to the system.
- Full, modify and printing and sign the received South Dakota Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above.
US Legal Forms is the greatest catalogue of legitimate forms that you will find a variety of document themes. Use the company to down load professionally-manufactured paperwork that stick to status specifications.
Form popularity
FAQ
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.
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 ...
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 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.
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.