Arizona Indemnity Agreement between Centra Software, Inc. and officer of corporation

• Category: Corporations - Public - Indemnification
• State: Multi-State
• Control #: US-EG-9288
• Format: Word; Rich Text

Description

Indemnity Agreement between Centra Software, Inc. and ______- (offices) regarding services dated January, 2000. 9 pages. The Arizona Indemnity Agreement between Central Software, Inc. and an officer of a corporation is a legally binding contract that outlines the terms and conditions for indemnification of the officer by the company in certain situations. This agreement serves to protect the officer in the event of legal claims or actions brought against them while acting in their capacity as an officer. Keywords: Arizona, Indemnity Agreement, Central Software, Inc., officer, corporation, legally binding contract, terms and conditions, indemnification, protect, legal claims, actions. There are different types of Arizona Indemnity Agreements between Central Software, Inc. and an officer of a corporation that can be categorized based on the scope and extent of indemnification provided. These types include: 1. Standard Indemnity Agreement: This type of agreement provides basic protection to the officer by indemnifying them against claims, damages, liabilities, expenses, and costs incurred in the course of their duties as an officer. 2. Broad Indemnity Agreement: This agreement expands on the standard indemnification by offering comprehensive coverage, including protection against claims arising from negligence, mismanagement, or breach of duty by the officer. 3. Limited Indemnity Agreement: This type of agreement offers indemnification but with certain restrictions or limitations. The specific provisions may vary depending on the circumstances, such as setting limits on the amount of indemnity or excluding certain types of claims from coverage. 4. Preemptive Indemnity Agreement: This agreement is often used for officers joining the corporation in anticipation of potential legal actions. It provides immediate indemnification from the effective date of the agreement, even before any claims are made against the officer. 5. Change-in-Control Indemnity Agreement: This type of agreement is triggered in the event of a change in control or ownership of the corporation. It ensures that the officer will continue to receive indemnification even if their role or position within the company changes due to the new ownership structure. It is crucial for both Central Software, Inc. and the officer to carefully review and understand the terms of the specific Arizona Indemnity Agreement they enter into to ensure adequate protection and compliance with applicable laws.

The Arizona Indemnity Agreement between Central Software, Inc. and an officer of a corporation is a legally binding contract that outlines the terms and conditions for indemnification of the officer by the company in certain situations. This agreement serves to protect the officer in the event of legal claims or actions brought against them while acting in their capacity as an officer. Keywords: Arizona, Indemnity Agreement, Central Software, Inc., officer, corporation, legally binding contract, terms and conditions, indemnification, protect, legal claims, actions. There are different types of Arizona Indemnity Agreements between Central Software, Inc. and an officer of a corporation that can be categorized based on the scope and extent of indemnification provided. These types include: 1. Standard Indemnity Agreement: This type of agreement provides basic protection to the officer by indemnifying them against claims, damages, liabilities, expenses, and costs incurred in the course of their duties as an officer. 2. Broad Indemnity Agreement: This agreement expands on the standard indemnification by offering comprehensive coverage, including protection against claims arising from negligence, mismanagement, or breach of duty by the officer. 3. Limited Indemnity Agreement: This type of agreement offers indemnification but with certain restrictions or limitations. The specific provisions may vary depending on the circumstances, such as setting limits on the amount of indemnity or excluding certain types of claims from coverage. 4. Preemptive Indemnity Agreement: This agreement is often used for officers joining the corporation in anticipation of potential legal actions. It provides immediate indemnification from the effective date of the agreement, even before any claims are made against the officer. 5. Change-in-Control Indemnity Agreement: This type of agreement is triggered in the event of a change in control or ownership of the corporation. It ensures that the officer will continue to receive indemnification even if their role or position within the company changes due to the new ownership structure. It is crucial for both Central Software, Inc. and the officer to carefully review and understand the terms of the specific Arizona Indemnity Agreement they enter into to ensure adequate protection and compliance with applicable laws.