Virginia Indemnity Agreement between corporation and directors officers employees and agents of corporation

State:
Multi-State
Control #:
US-CC-17-146
Format:
Word; 
Rich Text
Instant download

Description

This sample form, a detailed Indemnity Agreement, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
Free preview
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation
  • Preview Indemnity Agreement between corporation and directors officers employees and agents of corporation

How to fill out Indemnity Agreement Between Corporation And Directors Officers Employees And Agents Of Corporation?

Choosing the best authorized file design might be a battle. Naturally, there are plenty of templates available on the net, but how would you get the authorized develop you require? Utilize the US Legal Forms site. The assistance gives thousands of templates, for example the Virginia Indemnity Agreement between corporation and directors officers employees and agents of corporation, that can be used for organization and personal needs. All of the types are inspected by experts and meet up with federal and state demands.

In case you are previously listed, log in for your profile and click on the Acquire key to have the Virginia Indemnity Agreement between corporation and directors officers employees and agents of corporation. Utilize your profile to look through the authorized types you might have ordered previously. Proceed to the My Forms tab of your respective profile and get one more backup of the file you require.

In case you are a brand new end user of US Legal Forms, listed below are easy guidelines for you to follow:

  • Initial, be sure you have chosen the proper develop to your city/county. You are able to look over the shape utilizing the Preview key and browse the shape outline to make sure this is the right one for you.
  • In case the develop is not going to meet up with your requirements, utilize the Seach industry to obtain the proper develop.
  • Once you are certain that the shape would work, select the Acquire now key to have the develop.
  • Pick the rates plan you would like and type in the needed information and facts. Make your profile and purchase your order using your PayPal profile or bank card.
  • Select the document format and down load the authorized file design for your product.
  • Total, change and produce and indication the received Virginia Indemnity Agreement between corporation and directors officers employees and agents of corporation.

US Legal Forms may be the biggest collection of authorized types in which you can see various file templates. Utilize the service to down load skillfully-produced files that follow status demands.

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.

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.

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 ...

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.

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.

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.

A director and officer indemnification agreement is a contract that allows executives to protect themselves from claims made against them while performing job. Indemnification means that in the event a lawsuit is filed against a company, the indemnified party is "held harmless" from claims.

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.

Trusted and secure by over 3 million people of the world’s leading companies

Virginia Indemnity Agreement between corporation and directors officers employees and agents of corporation