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Indemnification Considerations for Directors and Officers ...
- https://www.skadden.com/insights/publications/2021/02/indemnification-considerations
- Feb 09, 2021 · Further, even in the absence of a charter provision, a bylaw provision or an indemnification agreement providing Ds&Os with the right to indemnification, a corporation is required by statute to indemnify directors and certain senior officers for expenses actually and reasonably incurred in the defense of any action or proceeding relating to the service as a D&O if he or she has been successful on the merits or otherwise. 4 Other than such required indemnification, …
Mandatory Indemnification of Corporate Officers and Directors
- https://scholar.smu.edu/cgi/viewcontent.cgi?article=3586&context=smulr
- MANDATORY INDEMNIFICATION OF CORPORATE OFFICERS AND DIRECTORS. by Margaret E. Barrett. Most state general corporation statutes permit a corporation to indemnify its directors, officers, employees, and agents for expenses incurred in defend-ing actions for personal liability arising from activities in their officialAuthor: Margaret E. Barrett
Indemnification of Directors and Officers Sample Clauses ...
- https://www.lawinsider.com/clause/indemnification-of-directors-and-officers
- Indemnification of Directors and Officers. Prior to the Closing Date, the Company shall bind a directors ’ and officers ’ liability insurance policy providing “tail” coverage (which policy may be a continuation or extension of the Company’s existing directors’ and officers’ liability insurance policy) for each present or former director and officer of the Company (the “Company Indemnified Parties ”), in an amount and …
How Important is Corporate Indemnification? Harvard ...
- https://www.delawareinc.com/blog/how-important-is-corporate-indemnification/
- Apr 16, 2019 · Indemnification is a key protection for officers, directors and key employees, and the scope of an LLC’s or corporation’s indemnity provisions demands close attention. In an LLC, indemnification is completely discretionary and the scope of indemnification, if any, can be defined in the LLC’s Operating Agreement. Often, an Operating Agreement will provide broad indemnification, providing that indemnification, …
Indemnification Agreement (For Company Directors and Officers)
- https://www.docracy.com/5473/indemnification-agreement-for-company-directors-and-officers
- Indemnification Agreement (For Company Directors and Officers) Indemnification agreements are often provided to a Company's directors and officers to minimize potential personal liability for actions taken in their capacity as directors and officers.
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