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Indemnification Agreement between Corporation and Its Directors and...

Dallas Texas Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above

Name: Dallas Texas Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above
Brand: US Legal Forms
Rating: 4.79 (235 reviews)

Category:

Corporations - Public - Indemnification

State:

Multi-State

County:

Dallas

Control #:

US-CC-17-102E

Format:

Instant download

Description

17-102E 17-102E . . . Indemnification Agreements between corporation and its directors and non-director officers at level of Vice President and above. The proposal states that Board anticipates that, if these Indemnification Agreements are ratified and approved, corporation may enter into similar Indemnification Agreements with new directors and non-director officers at same levels without seeking stockholder approval or ratification and that stockholder who votes in favor of ratification and approval sought herein may be estopped from making a claim that such future agreements are invalid

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Indemnification under Companies Act, 2013: While Section 201 of the erstwhile Companies Act, 1956 had restricted a company from indemnifying the directors of the company, the Companies Act, 2013 does not have any such restriction and therefore, directors can now be indemnified by companies against liabilities.

Any UK company can now indemnify any of its directors, and any director of a company in the same group, against damages, costs and interest awarded against him in civil proceedings brought by a third party, and against legal and other costs incurred in defending both civil and criminal proceedings if and when the

A director's or officer's right to indemnification and advancement of expenses is subject to the company's ability to pay, and several legal limitations. Bankruptcy Law Limits. Claims against directors and officers more frequently occur when the company is under financial distress that leads to bankruptcy.

Indemnification is where the company reimburses the director or officer for the attorneys' fees and costs, and potentially judgments, incurred in connection with claims arising out of the director's or officer's service to the company.

Subject to the exceptions mentioned below, the Companies Law prohibits a company and its subsidiaries from exempting any director from, or indemnifying any director against, any liability incurred by the director as a result of the director acting as a director of the company.

Indemnification. Indemnification is an undertaking by the company to defend the director and officer against the cost of certain claims, including legal fees, litigation awards and settlement costs.

An Alberta corporation is not permitted to indemnify its directors for their actions if they have not acted honestly and in good faith with a view to the best interests of the corporation that is, if they have breached their fiduciary duty to the corporation.

Indemnification clauses are common in corporations and LLCs. Often a company will agree to indemnify its shareholders, members, officers, and directors for actions they take in such roles on behalf of the company.

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Fiduciary Duties of Corporate Directors, Officers, and Shareholders . (DFWAE), a nonprofit corporation incorporated in the state of Texas.As senior vice president, he has oversight of the maintenance department which includes the overall set up and daily operations of the Fair. Registration rights for an aggregate of up to 2,464,082 shares of Common Stock. Officers and directors of the registrant and all persons filing a Schedule 13D with the Securities and Exchange Commission in respect to registrant's. A "non-exclusivity" statute empowers the corporation to use charter provisions or contracts to provide its officers and directors with additional. The information in this prospectus is not complete and may be changed. Discovery Networks division of Warner Bros. Discovery.

Dallas Texas Indemnification Agreement between Corporation and Its Directors and Non-Director Officers at Vice President Level and Above

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Can a company indemnify its directors?

Can a UK company indemnify its directors?

Do directors have the right to indemnification?

Are directors indemnified?

Can a director indemnify another director?

What is indemnification agreement for directors and officers?

Should a company indemnify its directors?

Can a company indemnify another company?

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What is an indemnification agreement?

Who is covered by the Dallas Indemnification Agreement?

Why is an indemnification agreement important?

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Is an indemnification agreement mandatory for directors and officers?

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