Washington Indemnity Agreement between corporation and directors officers employees and agents of corporation
Description
How to fill out Indemnity Agreement Between Corporation And Directors Officers Employees And Agents Of Corporation?
Choosing the right authorized papers template could be a battle. Obviously, there are plenty of themes available on the Internet, but how can you obtain the authorized develop you need? Utilize the US Legal Forms site. The service gives a huge number of themes, such as the Washington Indemnity Agreement between corporation and directors officers employees and agents of corporation, which you can use for company and private requires. All of the varieties are checked out by professionals and meet state and federal specifications.
If you are presently authorized, log in in your account and then click the Obtain switch to find the Washington Indemnity Agreement between corporation and directors officers employees and agents of corporation. Utilize your account to look with the authorized varieties you possess ordered earlier. Check out the My Forms tab of your respective account and get an additional duplicate of the papers you need.
If you are a whole new customer of US Legal Forms, listed below are straightforward instructions that you should comply with:
- First, ensure you have selected the appropriate develop to your town/county. You are able to look over the form using the Preview switch and browse the form description to make certain it is the right one for you.
- If the develop will not meet your needs, take advantage of the Seach discipline to obtain the appropriate develop.
- When you are certain that the form is acceptable, click the Buy now switch to find the develop.
- Select the costs program you would like and enter the needed details. Create your account and pay money for the transaction with your PayPal account or credit card.
- Choose the document format and obtain the authorized papers template in your gadget.
- Complete, revise and print and sign the obtained Washington Indemnity Agreement between corporation and directors officers employees and agents of corporation.
US Legal Forms will be the biggest local library of authorized varieties that you can discover numerous papers themes. Utilize the company to obtain professionally-manufactured files that comply with condition specifications.
Form popularity
FAQ
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 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.
(1) A limited liability company may indemnify any member or manager from and against any judgments, settlements, penalties, fines, or expenses incurred in a proceeding or obligate itself to advance or reimburse expenses incurred in a proceeding to which a person is a party because such person is, or was, a member or a ...
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.
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.
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 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.
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 ...