Most companies' corporate bylaws or articles of incorporation contain indemnification and advancement provisions. While these provisions provide important protection for corporate executives if the individuals become the target of claims relating to their action undertaken in their corporate capacities, these provisions alone may not be provide sufficient protection. The provisions in the corporate documents may not address all of the issues that can arise and may not provide sufficient protection for the individuals when there are indemnification or advancement disputes and may not protect individuals from changes to corporate bylaws after the individuals have left the company. For these and many other reasons, well-advised corporate executives will want to have their rights memorialized in a separate, written indemnification and advancement agreement with the company.
The most important reason for individuals to seek to put a written indemnification agreement in place is that written agreements typically provide more comprehensive protection than corporate bylaws or statutory provisions. Most bylaws, for example, provide for permissive indemnification, whereas most written agreements are written on a mandatory basis. Moreover, the rights enumerated in the agreement are enforceable obligations that cannot be amended or terminated without the individual executive's agreement.
Another reason that directors and officers will seek to put contractual indemnification agreements in place is so that if the individuals are the target of claims after they have left the company, they can assert their rights of indemnification notwithstanding the arrival of new management. The contractual indemnification provides them an extra measure of protection and some level of assurance that their rights will be protected if claims arise after they have left the company.
Arlington Texas Director's indemnification Agreement Regarding a Publicly Held Corporation
Category:
State:
Multi-State
City:
Arlington
Control #:
US-0853BG
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Word;
Rich Text
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Arlington House is located inside Arlington National Cemetery. From Washington, D.C. you can drive to the cemetery by crossing the Memorial Bridge.
Arlington is well connected to Washington, D.C. and the greater region with 11 Metro stations on the Orange, Silver, Blue and Yellow lines, plus easy connections to the Red Line for access to Amtrak Washington, D.C. Union Station. Check out Metro's Trip Planner for more info.
If you enjoy outdoor activities, then you may enjoy Arlington more than DC. The county offers many large parks and long hiking trails that you won't find in DC. If you are more interested in exploring a big city, then you may want to select DC.
From 1801 to 1847, what are now Arlington and a portion of the were known as Alexandria County, District of Columbia. In 1847, at the request of the local residents, Congress retroceded Alexandria County to the Commonwealth of Virginia.
Arlington, Texas Arlington ZIP Codes 76001-76007, 76010-76018, 76094, 76096 Area codes 682,817, 214, 469, 945, 972 FIPS code 48-04000 GNIS feature ID 137232030 more rows Arlington, Texas - Wikipedia wikipedia.org ? wiki ? Arlington,_Texas wikipedia.org ? wiki ? Arlington,_Texas
Arlington, urban county in northern Virginia, U.S., lying across the Potomac River (southwest) from Washington, D.C., and adjoining the (south). Arlington is connected to Washington by five bridges?Francis Scott Key, Arlington Memorial, George Mason, Theodore Roosevelt, and Rochambeau Memorial.
