Rhode Island Indemnity Agreement between corporation and directors and / or officers
Description
How to fill out Indemnity Agreement Between Corporation And Directors And / Or Officers?
Discovering the right lawful document design can be a battle. Needless to say, there are plenty of themes available online, but how will you discover the lawful type you want? Utilize the US Legal Forms site. The services offers 1000s of themes, including the Rhode Island Indemnity Agreement between corporation and directors and / or officers, which can be used for enterprise and private requires. Every one of the types are checked by experts and satisfy state and federal specifications.
If you are already listed, log in in your bank account and click on the Acquire option to have the Rhode Island Indemnity Agreement between corporation and directors and / or officers. Make use of your bank account to search with the lawful types you have purchased previously. Visit the My Forms tab of your bank account and obtain an additional version from the document you want.
If you are a fresh consumer of US Legal Forms, listed here are basic guidelines that you should comply with:
- Initial, make sure you have chosen the right type for your town/county. It is possible to look through the form making use of the Review option and read the form information to make sure this is basically the right one for you.
- If the type will not satisfy your requirements, take advantage of the Seach industry to discover the proper type.
- When you are certain the form is proper, go through the Acquire now option to have the type.
- Select the pricing strategy you would like and enter in the necessary details. Build your bank account and pay for your order using your PayPal bank account or charge card.
- Select the file format and acquire the lawful document design in your gadget.
- Comprehensive, modify and printing and signal the received Rhode Island Indemnity Agreement between corporation and directors and / or officers.
US Legal Forms is the largest local library of lawful types for which you can see various document themes. Utilize the service to acquire professionally-produced paperwork that comply with status specifications.
Form popularity
FAQ
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.
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.
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, also referred to as indemnity, is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified party) for certain costs and expenses, typically stemming from third-party claims.
Insurance ? The indemnification agreement typically will require that the company provide D&O liability insurance that protects the indemnitee to the same extent as the most favorably insured of the company's and its affiliates' current directors and officers.
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 ...
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.