Iowa Form of Indemnity Agreement by Financial Corporation of Santa Barbara

• Category: Corporations - Public - Indemnification
• State: Multi-State
• Control #: US-CC-17-104M
• Format: Word; Rich Text

Description

17-104M 17-104M . . . Indemnification Agreement authorizing (a) corporation to enter into Indemnity Agreements with each of its directors and officers and directors and officers of its first-tier subsidiaries and (b) establishment of Directors and Officers Indemnity Trust to (i) provide source of funds to secure corporation's obligations under Indemnity Agreements authorized under (a) above to directors and officers of corporation and its first-tier subsidiaries and (ii) advance expenses incurred by them in defense of actions, claims and proceedings against them relating to actions taken in their capacities as directors or officers The Iowa Form of Indemnity Agreement by Financial Corporation of Santa Barbara is a legal document that outlines the terms and conditions under which the Financial Corporation agrees to provide indemnification to its employees, agents, and directors. This agreement serves to protect individuals from any financial losses or liabilities incurred while acting on behalf of the Financial Corporation. Some relevant keywords associated with this topic include "Iowa Form of Indemnity Agreement," "Financial Corporation of Santa Barbara," and "indemnification." The purpose of the Iowa Form of Indemnity Agreement is to ensure that individuals representing the Financial Corporation are adequately protected from potential legal actions, litigation costs, and other related expenses. It offers reassurance to employees, agents, and directors that the Financial Corporation will cover any losses or damages they might face while fulfilling their duties on behalf of the company. It is important to note that there may be different types or variations of the Iowa Form of Indemnity Agreement by Financial Corporation of Santa Barbara, although specific details about these variations are not mentioned. These different types of agreements may be tailored to meet the unique needs or circumstances of the parties involved.

The Iowa Form of Indemnity Agreement by Financial Corporation of Santa Barbara is a legal document that outlines the terms and conditions under which the Financial Corporation agrees to provide indemnification to its employees, agents, and directors. This agreement serves to protect individuals from any financial losses or liabilities incurred while acting on behalf of the Financial Corporation. Some relevant keywords associated with this topic include "Iowa Form of Indemnity Agreement," "Financial Corporation of Santa Barbara," and "indemnification." The purpose of the Iowa Form of Indemnity Agreement is to ensure that individuals representing the Financial Corporation are adequately protected from potential legal actions, litigation costs, and other related expenses. It offers reassurance to employees, agents, and directors that the Financial Corporation will cover any losses or damages they might face while fulfilling their duties on behalf of the company. It is important to note that there may be different types or variations of the Iowa Form of Indemnity Agreement by Financial Corporation of Santa Barbara, although specific details about these variations are not mentioned. These different types of agreements may be tailored to meet the unique needs or circumstances of the parties involved.