Arkansas Form of Indemnification Agreement by Southwest Gas

• Category: Corporations - Public - Indemnification
• State: Multi-State
• Control #: US-CC-17-118G
• Format: Word; Rich Text

Description

This sample form, a detailed Form of Indemnification Agreement, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. The Arkansas Form of Indemnification Agreement by Southwest Gas is a legally binding document that outlines the terms and conditions of indemnification provided by Southwest Gas to its employees, directors, officers, and agents (hereinafter referred to as "Indemnities"). This agreement is designed to provide protection to the Indemnities in the event they are involved in any legal proceedings or claims arising out of their roles and responsibilities within Southwest Gas. The Arkansas Form of Indemnification Agreement offers comprehensive coverage, ensuring that Indemnities are protected against any expenses, judgments, fines, penalties, settlements, and reasonable attorney fees incurred as a result of any legal action. It is essential for both Southwest Gas and the Indemnities to have a clear understanding of the extent of coverage and the conditions under which indemnification will be granted. The agreement addresses various types of indemnification, including: 1. Director and Officer Indemnification: This section pertains to directors and officers of Southwest Gas, providing protection for acts performed in their official capacities. It ensures that these individuals are shielded from personal liability and financial burden incurred during legal proceedings. 2. Employee Indemnification: This section of the agreement extends indemnification to all employees of Southwest Gas, safeguarding them against any liabilities that may arise while carrying out their job responsibilities within the company. 3. Agent Indemnification: Southwest Gas also offers indemnification to its agents, ensuring that they are protected in the course of their authorized actions on behalf of the company. 4. Advancement of Expenses: The Arkansas Form of Indemnification Agreement includes a provision for the advancement of reasonable expenses to the Indemnities. This ensures that they are not burdened with upfront costs but have access to funds to cover legal fees, court costs, and other necessary expenses. It is important to note that the terms and conditions of the Arkansas Form of Indemnification Agreement may vary between different types and levels of employees, directors, officers, and agents within Southwest Gas. Therefore, it is crucial for individuals to carefully review the agreement and understand the specific provisions and limitations applicable to their role within the company. Southwest Gas places significant importance on the wellbeing and protection of its employees, directors, officers, and agents. The Arkansas Form of Indemnification Agreement reflects the company's commitment to supporting its personnel and ensuring they are shielded from personal liability and financial hardships that may arise from their professional duties.

The Arkansas Form of Indemnification Agreement by Southwest Gas is a legally binding document that outlines the terms and conditions of indemnification provided by Southwest Gas to its employees, directors, officers, and agents (hereinafter referred to as "Indemnities"). This agreement is designed to provide protection to the Indemnities in the event they are involved in any legal proceedings or claims arising out of their roles and responsibilities within Southwest Gas. The Arkansas Form of Indemnification Agreement offers comprehensive coverage, ensuring that Indemnities are protected against any expenses, judgments, fines, penalties, settlements, and reasonable attorney fees incurred as a result of any legal action. It is essential for both Southwest Gas and the Indemnities to have a clear understanding of the extent of coverage and the conditions under which indemnification will be granted. The agreement addresses various types of indemnification, including: 1. Director and Officer Indemnification: This section pertains to directors and officers of Southwest Gas, providing protection for acts performed in their official capacities. It ensures that these individuals are shielded from personal liability and financial burden incurred during legal proceedings. 2. Employee Indemnification: This section of the agreement extends indemnification to all employees of Southwest Gas, safeguarding them against any liabilities that may arise while carrying out their job responsibilities within the company. 3. Agent Indemnification: Southwest Gas also offers indemnification to its agents, ensuring that they are protected in the course of their authorized actions on behalf of the company. 4. Advancement of Expenses: The Arkansas Form of Indemnification Agreement includes a provision for the advancement of reasonable expenses to the Indemnities. This ensures that they are not burdened with upfront costs but have access to funds to cover legal fees, court costs, and other necessary expenses. It is important to note that the terms and conditions of the Arkansas Form of Indemnification Agreement may vary between different types and levels of employees, directors, officers, and agents within Southwest Gas. Therefore, it is crucial for individuals to carefully review the agreement and understand the specific provisions and limitations applicable to their role within the company. Southwest Gas places significant importance on the wellbeing and protection of its employees, directors, officers, and agents. The Arkansas Form of Indemnification Agreement reflects the company's commitment to supporting its personnel and ensuring they are shielded from personal liability and financial hardships that may arise from their professional duties.