17-197C 17-197C . . . Indemnification Agreement to be entered into between corporation and its current and future directors and such current and future officers and other agents as directors may designate. The proposal includes description of procedural and substantive matters in Indemnification Agreements that are not addressed, or are addressed in less detail, in California law
Virgin Islands Indemnification Agreement between corporation and its current and future directors
Category:
State:
Multi-State
Control #:
US-CC-17-197C
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Virgin Islands Indemnification Agreement Between Corporation And Its Current And Future Directors?
Are you currently within a situation in which you will need papers for possibly enterprise or specific reasons almost every day time? There are tons of legitimate record templates available on the net, but discovering types you can trust is not effortless. US Legal Forms provides a large number of kind templates, like the Virgin Islands Indemnification Agreement between corporation and its current and future directors, which are written to satisfy state and federal requirements.
If you are currently knowledgeable about US Legal Forms site and also have a merchant account, merely log in. After that, you can acquire the Virgin Islands Indemnification Agreement between corporation and its current and future directors template.
If you do not come with an profile and wish to begin to use US Legal Forms, abide by these steps:
- Discover the kind you will need and make sure it is for your right area/county.
- Make use of the Preview switch to review the shape.
- See the information to ensure that you have chosen the proper kind.
- If the kind is not what you`re trying to find, take advantage of the Look for field to obtain the kind that meets your requirements and requirements.
- Whenever you find the right kind, click on Get now.
- Select the pricing strategy you would like, fill in the specified information and facts to produce your account, and purchase your order using your PayPal or Visa or Mastercard.
- Pick a handy file structure and acquire your backup.
Get each of the record templates you might have bought in the My Forms food selection. You can aquire a further backup of Virgin Islands Indemnification Agreement between corporation and its current and future directors any time, if possible. Just click the required kind to acquire or print the record template.
Use US Legal Forms, one of the most extensive assortment of legitimate varieties, to save efforts and avoid mistakes. The assistance provides appropriately created legitimate record templates which you can use for a variety of reasons. Make a merchant account on US Legal Forms and initiate making your daily life a little easier.
Form popularity
FAQ
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.
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 of Directors of Corporations and Managers of ... americanbar.org ? resources ? 2022-august americanbar.org ? resources ? 2022-august
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. Executive Protection: Indemnification and D&O Insurance - The Basics dandodiary.com ? articles ? d-o-insurance dandodiary.com ? articles ? d-o-insurance
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. Indemnity and Insurance: How Directors and Officers Can Enhance ... cooley.com ? news ? insight ? 2022-08-15-i... cooley.com ? news ? insight ? 2022-08-15-i...
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 Agreement (Short Form) - Practical Law Canada thomsonreuters.com ? ... thomsonreuters.com ? ...
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.
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.
Interesting Questions
More info
THIS INDEMNITY AGREEMENT (this “Agreement”) is made as of [○], 2017, by and between BISON CAPITAL ACQUISITION CORP., a British Virgin Islands company organized ... This Indemnification Agreement (the “Agreement”) is entered into as of , 2007 by and between ReneSola Ltd, a British Virgin Islands company (the “Company”), and ...This part-. (a) Gives instructions for using provisions and clauses in solicitations and/or contracts;. (b) Sets forth the solicitation provisions and ... ... the expiration of the current term of this Agreement. Notice shall be given by certified mail to the parties at the addresses provided in Paragraph 25 below. Section 145(g) allows a corporation to obtain directors' and officers' liability insurance (“D&O insurance”). Sections 145(h) through (k) address various other ... by WE Knepper · 1971 · Cited by 29 — corporation, or by any resolution or agreement of the corporation, its directors ... Rico, and the Virgin Islands now provide by statute for the indemnification. The remainder of this cover page shall be filled out for a ... company incorporated with limited liability under the laws of the Cayman Islands (“Cannonball”);. Mar 31, 2023 — Income tax indemnifications are contractual arrangements established between two parties whereby one party will reimburse the other for ... This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. New terms will be added to the glossary ... Procedure to establish title to real property when spouse claims entire estate (Repealed). § 2112. Property distributable to the Commonwealth (Repealed). § 2113 ...