A choir director is a person who leads a vocal ensemble either in church, school or other performance venues.The choir director does more than conduct and lead a choir, he is also tasked to make sure the members attend rehearsals and be at their best when performing. He carefully chooses the pieces that the group will perform and makes sure everything is in order.
Indemnity Agreement For Director
Category:
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Multi-State
Control #:
US-04511BG
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Word;
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Letters of indemnity should include the names and addresses of both parties involved, plus the name and affiliation of the third party. Detailed descriptions of the items and intentions are also required, as are the signatures of the parties and the date of the contract's execution.
The word indemnity means security or protection against a financial liability. It typically occurs in the form of a contractual agreement made between parties in which one party agrees to pay for losses or damages suffered by the other party.
Indemnification under Companies Act, 2013: While Section 201 of the erstwhile Companies Act, 1956 had restricted a company from indemnifying the directors of the company, the Companies Act, 2013 does not have any such restriction and therefore, directors can now be indemnified by companies against liabilities.
Any UK company can now indemnify any of its directors, and any director of a company in the same group, against damages, costs and interest awarded against him in civil proceedings brought by a third party, and against legal and other costs incurred in defending both civil and criminal proceedings if and when the
A common example of indemnification happens with reagrd to insurance transactions. This often happens when an insurance company, as part of an individual's insurance policy, agrees to indemnify the insured person for losses that the insured person incurred as the result of accident or property damage.
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An indemnification agreement is the first line of protection against liabilities for corporate directors. The director and officer indemnification agreement provides additional protection from the directors and officers of a Delaware corporation.(A) The Indemnified Person is a director of the Company. The obligation of the Company to indemnify the Director pursuant to clause 2. Indemnitee agrees to serve as a director and officer of the Company.