Michigan Executive and Director Indemnity Agreement

• Category: Contracts - Indemnification
• State: Multi-State
• Control #: US-C-I-9000-8
• Format: Word; Rich Text

Description

This is a sample Executive and Director Indemnity Agreement. An indemnity agreement is a contract that protects one party of a transaction from the risks or liabilities created by the other party of the transaction. Hold harmless agreement, no-fault agreement, release of liability, or waiver of liability are other terms for an indemnity agreement. The Indemnitee in this agreement is an Executive Officer, director and/or agent of the Corporation (or a subsidiary of the Corporation), as the case may be from time to time, and performs a valuable service for the Corporation in such capacity (or capacities)‌The form may be customized to suit your needs.