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
Virginia 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 may devote hrs on the web searching for the lawful file web template that suits the federal and state demands you need. US Legal Forms supplies 1000s of lawful kinds that happen to be reviewed by experts. It is possible to download or printing the Virginia Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met from my services.
If you already have a US Legal Forms accounts, it is possible to log in and then click the Obtain button. Afterward, it is possible to complete, revise, printing, or indicator the Virginia Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met. Each and every lawful file web template you purchase is your own property forever. To obtain another backup of any bought develop, visit the My Forms tab and then click the corresponding button.
If you work with the US Legal Forms internet site the first time, follow the easy directions under:
- Initial, be sure that you have selected the right file web template to the state/city of your choosing. Browse the develop description to make sure you have chosen the appropriate develop. If accessible, take advantage of the Preview button to search with the file web template also.
- If you want to locate another variation in the develop, take advantage of the Research field to get the web template that meets your needs and demands.
- When you have identified the web template you desire, click on Acquire now to continue.
- Find the costs prepare you desire, type in your references, and register for a merchant account on US Legal Forms.
- Full the financial transaction. You can use your credit card or PayPal accounts to cover the lawful develop.
- Find the structure in the file and download it to your gadget.
- Make modifications to your file if possible. You may complete, revise and indicator and printing Virginia Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met.
Obtain and printing 1000s of file layouts utilizing the US Legal Forms web site, that provides the biggest selection of lawful kinds. Use expert and state-distinct layouts to tackle your business or specific requirements.
Form popularity
FAQ
Section 11-4. of the Virginia Code states that any provision that waives or diminishes a subcontractor's right to claim ?demonstrated costs? executed before the subcontractor performs work is null and void. Arguably, an offset clause ?diminishes? a subcontractor's right to claim demonstrated costs.
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.
In most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other party's actions or failure to act. The intent is to shift liability away from one party, and on to the indemnifying party.
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 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.
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 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.