New Hampshire Indemnity Agreement between corporation and directors officers employees and agents of corporation

• Category: Corporations - Public - Indemnification
• State: Multi-State
• Control #: US-CC-17-146
• Format: Word; Rich Text

Description

This sample form, a detailed Indemnity Agreement, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. A New Hampshire Indemnity Agreement is a legal document that outlines the responsibilities, liabilities, and protection of a corporation, its directors, officers, employees, and agents. This agreement provides indemnification to the specified individuals for any legal expenses, costs, damages, or losses incurred while acting in their capacity within the corporation. By understanding the different types of indemnity agreements applicable in New Hampshire, corporations can effectively safeguard their directors, officers, employees, and agents. 1. Corporate Indemnity Agreement: This type of indemnity agreement is designed to protect the corporation itself. It states that the corporation will indemnify its directors, officers, employees, and agents for any claims, suits, or proceedings arising out of their actions on behalf of the corporation, as permitted by New Hampshire state law. 2. Director and Officer Indemnity Agreement: This agreement is specifically tailored to shield the directors and officers of the corporation from personal liability. It ensures that directors and officers are protected from legal actions, suits, or claims resulting from their role within the corporation, as long as their actions were conducted in good faith and aligned with their duties. 3. Employee Indemnity Agreement: This agreement aims to protect employees of the corporation from potential legal consequences arising from their employment. It guarantees indemnification for employees facing legal actions, suits, or claims incurred while performing their job responsibilities, provided they acted in good faith and within the scope of their employment. 4. Agent Indemnity Agreement: Agents, who may include consultants, contractors, or service providers acting on behalf of the corporation, are covered under this indemnity agreement. It shields agents from any legal costs, damages, or losses arising from their contracted services, if performed in good faith and within the scope of their duties. 5. Broad Indemnification Agreement: This type of indemnity agreement provides the widest level of protection to directors, officers, employees, and agents of the corporation. It allows for indemnification from all claims, suits, or proceedings, including legal expenses, costs, damages, or losses, regardless of any limitations set forth by New Hampshire law. 6. Limited Indemnification Agreement: This agreement specifies certain restrictions or conditions on the indemnification provided to directors, officers, employees, and agents. It may limit the scope of coverage or exclude indemnification for certain actions or situations, thus defining the extent to which individuals are protected. Overall, New Hampshire Indemnity Agreements are crucial for corporations to safeguard their directors, officers, employees, and agents from legal risks and liabilities. Based on the specific roles and responsibilities within the corporation, different types of indemnification agreements, such as corporate, director and officer, employee, and agent indemnity agreements, can be employed to ensure comprehensive protection for all parties involved.

A New Hampshire Indemnity Agreement is a legal document that outlines the responsibilities, liabilities, and protection of a corporation, its directors, officers, employees, and agents. This agreement provides indemnification to the specified individuals for any legal expenses, costs, damages, or losses incurred while acting in their capacity within the corporation. By understanding the different types of indemnity agreements applicable in New Hampshire, corporations can effectively safeguard their directors, officers, employees, and agents. 1. Corporate Indemnity Agreement: This type of indemnity agreement is designed to protect the corporation itself. It states that the corporation will indemnify its directors, officers, employees, and agents for any claims, suits, or proceedings arising out of their actions on behalf of the corporation, as permitted by New Hampshire state law. 2. Director and Officer Indemnity Agreement: This agreement is specifically tailored to shield the directors and officers of the corporation from personal liability. It ensures that directors and officers are protected from legal actions, suits, or claims resulting from their role within the corporation, as long as their actions were conducted in good faith and aligned with their duties. 3. Employee Indemnity Agreement: This agreement aims to protect employees of the corporation from potential legal consequences arising from their employment. It guarantees indemnification for employees facing legal actions, suits, or claims incurred while performing their job responsibilities, provided they acted in good faith and within the scope of their employment. 4. Agent Indemnity Agreement: Agents, who may include consultants, contractors, or service providers acting on behalf of the corporation, are covered under this indemnity agreement. It shields agents from any legal costs, damages, or losses arising from their contracted services, if performed in good faith and within the scope of their duties. 5. Broad Indemnification Agreement: This type of indemnity agreement provides the widest level of protection to directors, officers, employees, and agents of the corporation. It allows for indemnification from all claims, suits, or proceedings, including legal expenses, costs, damages, or losses, regardless of any limitations set forth by New Hampshire law. 6. Limited Indemnification Agreement: This agreement specifies certain restrictions or conditions on the indemnification provided to directors, officers, employees, and agents. It may limit the scope of coverage or exclude indemnification for certain actions or situations, thus defining the extent to which individuals are protected. Overall, New Hampshire Indemnity Agreements are crucial for corporations to safeguard their directors, officers, employees, and agents from legal risks and liabilities. Based on the specific roles and responsibilities within the corporation, different types of indemnification agreements, such as corporate, director and officer, employee, and agent indemnity agreements, can be employed to ensure comprehensive protection for all parties involved.