17-197C 17-197C . . . Indemnification Agreement to be entered into between corporation and its current and future directors and such current and future officers and other agents as directors may designate. The proposal includes description of procedural and substantive matters in Indemnification Agreements that are not addressed, or are addressed in less detail, in California law
Hawaii Indemnification Agreement between corporation and its current and future directors
Category:
State:
Multi-State
Control #:
US-CC-17-197C
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Indemnification Agreement Between Corporation And Its Current And Future Directors?
Are you within a place in which you need papers for both business or personal uses virtually every time? There are a lot of legal record web templates available on the Internet, but locating types you can trust isn`t effortless. US Legal Forms delivers a huge number of form web templates, just like the Hawaii Indemnification Agreement between corporation and its current and future directors, that are composed to satisfy state and federal requirements.
Should you be presently informed about US Legal Forms site and also have an account, basically log in. Afterward, you are able to download the Hawaii Indemnification Agreement between corporation and its current and future directors template.
Should you not come with an account and would like to begin using US Legal Forms, abide by these steps:
- Find the form you want and ensure it is for the right town/region.
- Make use of the Review option to review the shape.
- Look at the information to actually have chosen the proper form.
- In case the form isn`t what you`re trying to find, utilize the Research field to obtain the form that meets your requirements and requirements.
- Once you obtain the right form, just click Buy now.
- Choose the costs prepare you desire, submit the required info to make your account, and pay for your order using your PayPal or charge card.
- Select a handy file file format and download your duplicate.
Discover all of the record web templates you possess purchased in the My Forms food selection. You can obtain a extra duplicate of Hawaii Indemnification Agreement between corporation and its current and future directors anytime, if necessary. Just click on the essential form to download or printing the record template.
Use US Legal Forms, the most comprehensive collection of legal forms, to save efforts and avoid errors. The support delivers expertly produced legal record web templates that can be used for an array of uses. Make an account on US Legal Forms and start generating your lifestyle easier.
Form popularity
FAQ
Many company constitutions set out rights of indemnity for directors, and often also include provision for directors and officers (D&O) insurance. Alternatively, they may simply provide that the company may indemnify directors. The deed of indemnity is an agreement between the company and a director.
A director and officer indemnification agreement is a contract that allows executives to protect themselves from claims made against them while performing job. Indemnification means that in the event a lawsuit is filed against a company, the indemnified party is "held harmless" from claims.
Section 145(b) empowers a corporation to indemnify its directors against expenses incurred in connection with the defense or settlement of an action brought by or in the right of the corporation, subject to the standard of conduct determination, and except that no indemnification may be made as to any claim to which ...
Indemnification Agreement to secure against loss or damage; to give security for the reimbursement of a person in case of an anticipated loss falling upon him. Also to make good; to compensate; to make reimbursement to one of a loss already incurred by him.
Indemnification is often very broad, often extending ?to the maximum extent permitted by law?, whereas D&O insurance polices contain numerous exclusions and conditions. In addition, D&O insurance must be renewed each year, with possible changes in terms and conditions.
Indemnification refers to the right to have a company reimburse current or former directors or officers for all losses, including legal fees, incurred in connection with litigation arising from actions taken in service to the company or at the company's direction.
In the indemnification agreement, the corporation agrees to reimburse the director or officer for losses incurred in legal proceedings related to their service as a corporate director or officer to the maximum extent permitted by law.
A company may, however, lend money to a director to fund the director's defence costs. Frequently, an indemnity will include a provision under which the company agrees to lend the director the amounts necessary to fund the director's defence costs.