Tennessee Indemnity Agreement between corporation and directors and / or officers
Description
How to fill out Indemnity Agreement Between Corporation And Directors And / Or Officers?
You can commit hours on-line trying to find the legitimate record design that meets the state and federal demands you want. US Legal Forms gives 1000s of legitimate kinds that are analyzed by pros. It is possible to obtain or print the Tennessee Indemnity Agreement between corporation and directors and / or officers from the support.
If you have a US Legal Forms bank account, it is possible to log in and then click the Download switch. Afterward, it is possible to full, revise, print, or indication the Tennessee Indemnity Agreement between corporation and directors and / or officers. Every legitimate record design you acquire is the one you have forever. To obtain another backup of any purchased develop, check out the My Forms tab and then click the related switch.
If you are using the US Legal Forms web site for the first time, adhere to the simple guidelines beneath:
- Initially, make sure that you have selected the best record design to the state/town of your liking. Browse the develop description to ensure you have picked the proper develop. If offered, make use of the Preview switch to look through the record design also.
- If you want to find another version from the develop, make use of the Search industry to obtain the design that fits your needs and demands.
- After you have located the design you need, simply click Acquire now to carry on.
- Find the pricing plan you need, enter your references, and register for an account on US Legal Forms.
- Complete the purchase. You can use your Visa or Mastercard or PayPal bank account to purchase the legitimate develop.
- Find the file format from the record and obtain it in your device.
- Make changes in your record if necessary. You can full, revise and indication and print Tennessee Indemnity Agreement between corporation and directors and / or officers.
Download and print 1000s of record layouts utilizing the US Legal Forms Internet site, which provides the largest assortment of legitimate kinds. Use professional and state-specific layouts to take on your business or specific needs.
Form popularity
FAQ
Indemnification clauses are contractual provisions that require one party (the ?Indemnitor?) to indemnify another party (the ?Indemnitee?) for losses that the Indemnitee may suffer. In prime contracts, the owner usually is the Indemnitee and the contractor is the Indemnitor.
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.
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.
Section 145(c)(1) provides that to the extent a director has been successful on the merits or otherwise in defense of any action, suit, or proceeding referenced in Section 145(a) or Section 145(b), the director shall be indemnified against expenses actually and reasonably incurred by the director in connection ...
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.
Generally, indemnification (or indemnity) is an undertaking by one party to compensate the other party for certain costs and expenses. Indemnity is imposed either by law or contract in Tennessee.
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.