Wisconsin 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 Wisconsin Form of Indemnity Agreement by Financial Corporation of Santa Barbara serves as a legally binding contract that outlines the terms and conditions of indemnification between two parties, namely the Financial Corporation of Santa Barbara (referred to as the "Company") and the individual or entity being indemnified (referred to as the "Indemnity"). The Wisconsin Form of Indemnity Agreement is essential in protecting the Indemnity from any financial loss or liability that may arise due to actions taken or decisions made on behalf of the Company. It serves as a means to assure the Indemnity that they will be indemnified against any expenses, damages, judgments, fines, settlements, and other related costs that they may incur while performing their duties for the Company. This particular form is specific to Wisconsin and complies with the state's laws and regulations regarding indemnification agreements. It is important to note that these agreements can vary in content and provisions, so it is crucial to carefully review and understand the specific terms of the agreement before signing. Some vital keywords related to the Wisconsin Form of Indemnity Agreement by Financial Corporation of Santa Barbara include indemnity agreement, Wisconsin, Financial Corporation of Santa Barbara, indemnification, indemnified party, liabilities, expenses, damages, legal costs, judgments, fines, settlements, duties, obligations, rights, and obligations. Different Types of Wisconsin Form of Indemnity Agreement by Financial Corporation of Santa Barbara: 1. General Indemnity Agreement: This is a broad agreement that covers a wide range of potential liabilities and ensures that the Indemnity is protected from all foreseeable risks associated with their role within the Company. 2. Limited Indemnity Agreement: This agreement provides indemnification to the Indemnity for specific risks or liabilities explicitly mentioned in the agreement. It may cover only a subset of the potential risks and may not include all conceivable scenarios. 3. Director and Officer Indemnity Agreement: Specifically designed for directors and officers of the Company, this agreement stipulates the terms of indemnification specifically related to their roles and responsibilities. 4. Contractual Indemnity Agreement: This agreement is entered into between the Company and another party (such as a vendor or contractor) to transfer potential liabilities and risks associated with a specific contractual relationship. 5. Non-disclosure and Indemnity Agreement: This form of agreement includes provisions related to indemnification and non-disclosure, whereby the Indemnity agrees to keep certain information confidential and be indemnified if any breaches occur. It is essential to consult legal professionals or an attorney with expertise in Wisconsin law to ensure that the specific indemnity agreement aligns with the state's regulations and protects the interests of all parties involved.

Wisconsin Form of Indemnity Agreement by Financial Corporation of Santa Barbara serves as a legally binding contract that outlines the terms and conditions of indemnification between two parties, namely the Financial Corporation of Santa Barbara (referred to as the "Company") and the individual or entity being indemnified (referred to as the "Indemnity"). The Wisconsin Form of Indemnity Agreement is essential in protecting the Indemnity from any financial loss or liability that may arise due to actions taken or decisions made on behalf of the Company. It serves as a means to assure the Indemnity that they will be indemnified against any expenses, damages, judgments, fines, settlements, and other related costs that they may incur while performing their duties for the Company. This particular form is specific to Wisconsin and complies with the state's laws and regulations regarding indemnification agreements. It is important to note that these agreements can vary in content and provisions, so it is crucial to carefully review and understand the specific terms of the agreement before signing. Some vital keywords related to the Wisconsin Form of Indemnity Agreement by Financial Corporation of Santa Barbara include indemnity agreement, Wisconsin, Financial Corporation of Santa Barbara, indemnification, indemnified party, liabilities, expenses, damages, legal costs, judgments, fines, settlements, duties, obligations, rights, and obligations. Different Types of Wisconsin Form of Indemnity Agreement by Financial Corporation of Santa Barbara: 1. General Indemnity Agreement: This is a broad agreement that covers a wide range of potential liabilities and ensures that the Indemnity is protected from all foreseeable risks associated with their role within the Company. 2. Limited Indemnity Agreement: This agreement provides indemnification to the Indemnity for specific risks or liabilities explicitly mentioned in the agreement. It may cover only a subset of the potential risks and may not include all conceivable scenarios. 3. Director and Officer Indemnity Agreement: Specifically designed for directors and officers of the Company, this agreement stipulates the terms of indemnification specifically related to their roles and responsibilities. 4. Contractual Indemnity Agreement: This agreement is entered into between the Company and another party (such as a vendor or contractor) to transfer potential liabilities and risks associated with a specific contractual relationship. 5. Non-disclosure and Indemnity Agreement: This form of agreement includes provisions related to indemnification and non-disclosure, whereby the Indemnity agrees to keep certain information confidential and be indemnified if any breaches occur. It is essential to consult legal professionals or an attorney with expertise in Wisconsin law to ensure that the specific indemnity agreement aligns with the state's regulations and protects the interests of all parties involved.