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. An Executive and Director Indemnity Agreement is a contract between an executive or director of a company and the company itself. It is a way for the company to protect itself against any potential losses or damages that may be incurred as a result of the actions or decisions of the executive or director. The agreement states that, in the event of a claim or lawsuit against the executive or director, the company will provide funds or other assets to help cover legal costs and other expenses. There are two main types of Executive and Director Indemnity Agreements: Standard Indemnity Agreements and Enhanced Indemnity Agreements. The Standard Indemnity Agreement provides a baseline level of protection, while the Enhanced Indemnity Agreement provides additional protection and flexibility. Both agreements may be used to protect the executive or director from personal liability for their job-related activities.

An Executive and Director Indemnity Agreement is a contract between an executive or director of a company and the company itself. It is a way for the company to protect itself against any potential losses or damages that may be incurred as a result of the actions or decisions of the executive or director. The agreement states that, in the event of a claim or lawsuit against the executive or director, the company will provide funds or other assets to help cover legal costs and other expenses. There are two main types of Executive and Director Indemnity Agreements: Standard Indemnity Agreements and Enhanced Indemnity Agreements. The Standard Indemnity Agreement provides a baseline level of protection, while the Enhanced Indemnity Agreement provides additional protection and flexibility. Both agreements may be used to protect the executive or director from personal liability for their job-related activities.