Nebraska 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 Nebraska Form of Indemnity Agreement by Financial Corporation of Santa Barbara is a legal document and binding agreement that outlines the terms and conditions of indemnification for individuals or entities associated with the company. This agreement provides protection and financial security to the indemnity (the party being indemnified) in the event of any legal claims, losses, damages, or liabilities resulting from their actions while acting on behalf of the corporation. The Nebraska Form of Indemnity Agreement by Financial Corporation of Santa Barbara specifies the scope of indemnification, limitations, and the circumstances under which indemnification will be provided. The purpose is to protect the indemnity from potential financial burdens and legal expenses arising from claims made against them. Some relevant keywords associated with the Nebraska Form of Indemnity Agreement may include: 1. Indemnification: This refers to the act of compensating or providing security against potential legal claims, losses, damages, or liabilities. 2. Financial Corporation of Santa Barbara: This is the specific company that is offering the indemnity agreement. It identifies the entity responsible for providing indemnification. 3. Nebraska: This indicates the jurisdiction where the agreement is created and enforced, referring to the state of Nebraska in this case. 4. Liability: Refers to the legal responsibility or obligation that the indemnity may face due to their actions while carrying out duties for the corporation. 5. Legal claims: This refers to any formal demands or allegations made against the indemnity that may result in legal actions or disputes. 6. Losses and damages: This pertains to any financial or non-financial harm or losses that might be incurred due to legal actions or other adverse events. 7. Terms and conditions: Specifies the rights, obligations, restrictions, and limitations associated with the indemnity agreement. 8. Scope of indemnification: Outlines the extent to which the indemnity is protected by the corporation, including types of claims covered and the duration of indemnification. 9. Limitations: Identifies specific situations or scenarios where indemnification may not be provided or may be limited, such as cases involving willful misconduct or fraud. 10. Parties involved: Describes the individuals or entities involved in the agreement, such as the indemnity (employee, officer, director) and the Financial Corporation of Santa Barbara. It is worth noting that additional variations or specific types of Nebraska Form of Indemnity Agreement by Financial Corporation of Santa Barbara may exist based on the circumstances and needs of the parties involved. Different agreements may include variations in terms, conditions, or specifications to suit specific situations.

Nebraska Form of Indemnity Agreement by Financial Corporation of Santa Barbara is a legal document and binding agreement that outlines the terms and conditions of indemnification for individuals or entities associated with the company. This agreement provides protection and financial security to the indemnity (the party being indemnified) in the event of any legal claims, losses, damages, or liabilities resulting from their actions while acting on behalf of the corporation. The Nebraska Form of Indemnity Agreement by Financial Corporation of Santa Barbara specifies the scope of indemnification, limitations, and the circumstances under which indemnification will be provided. The purpose is to protect the indemnity from potential financial burdens and legal expenses arising from claims made against them. Some relevant keywords associated with the Nebraska Form of Indemnity Agreement may include: 1. Indemnification: This refers to the act of compensating or providing security against potential legal claims, losses, damages, or liabilities. 2. Financial Corporation of Santa Barbara: This is the specific company that is offering the indemnity agreement. It identifies the entity responsible for providing indemnification. 3. Nebraska: This indicates the jurisdiction where the agreement is created and enforced, referring to the state of Nebraska in this case. 4. Liability: Refers to the legal responsibility or obligation that the indemnity may face due to their actions while carrying out duties for the corporation. 5. Legal claims: This refers to any formal demands or allegations made against the indemnity that may result in legal actions or disputes. 6. Losses and damages: This pertains to any financial or non-financial harm or losses that might be incurred due to legal actions or other adverse events. 7. Terms and conditions: Specifies the rights, obligations, restrictions, and limitations associated with the indemnity agreement. 8. Scope of indemnification: Outlines the extent to which the indemnity is protected by the corporation, including types of claims covered and the duration of indemnification. 9. Limitations: Identifies specific situations or scenarios where indemnification may not be provided or may be limited, such as cases involving willful misconduct or fraud. 10. Parties involved: Describes the individuals or entities involved in the agreement, such as the indemnity (employee, officer, director) and the Financial Corporation of Santa Barbara. It is worth noting that additional variations or specific types of Nebraska Form of Indemnity Agreement by Financial Corporation of Santa Barbara may exist based on the circumstances and needs of the parties involved. Different agreements may include variations in terms, conditions, or specifications to suit specific situations.