Fairfax Virginia Indemnity Agreement between Centra Software, Inc. and officer of corporation

• Category: Corporations - Public - Indemnification
• State: Multi-State
• County: Fairfax
• Control #: US-EG-9288
• Format: Word; Rich Text

Description

Indemnity Agreement between Centra Software, Inc. and ______- (offices) regarding services dated January, 2000. 9 pages. Fairfax Virginia Indemnity Agreement is a legally binding document between Central Software, Inc. (hereinafter referred to as "Central Software") and an officer of the corporation. This agreement outlines the terms and conditions under which the officer of the corporation is indemnified by Central Software for any damages, claims, liabilities, or expenses incurred in the course of performing their duties as an officer. Keywords: Fairfax Virginia, Indemnity Agreement, Central Software, officer of corporation, terms and conditions, indemnification, damages, claims, liabilities, expenses. The Fairfax Virginia Indemnity Agreement offers protection to officers of Central Software who may face legal action or financial loss while acting in their official capacity. Specific types of Fairfax Virginia Indemnity Agreements between Central Software, Inc. and officers of the corporation may include: 1. General Indemnification Agreement: This type of agreement provides broad indemnification coverage to officers of Central Software, protecting them from claims arising out of their corporate duties. It covers legal fees, settlements, and other expenses incurred due to lawsuits or claims. 2. Director and Officer Indemnification Agreement: This agreement specifically indemnifies directors and officers of Central Software for actions taken within their roles. It covers legal fees, judgments, settlements, and other related costs, providing a comprehensive level of protection. 3. Advancement of Expenses Agreement: This form of indemnity agreement allows Central Software to advance funds to officers for legal defense costs and expenses incurred during legal proceedings. The officer must agree to reimburse the company if it is determined that they are not entitled to indemnification. 4. Limited Scope Indemnification Agreement: A limited scope indemnification agreement provides indemnification to officers of Central Software only for certain specified actions or liabilities. The agreement may outline specific situations or circumstances for which the officer is indemnified, making the coverage more restricted. 5. Indemnity Agreement with Cap: In some cases, Central Software may limit its indemnification obligations by including a cap on the total amount it will reimburse the officer for legal expenses and liabilities. This type of agreement ensures that the indemnification does not become excessive or pose a significant financial burden on the company. Overall, the Fairfax Virginia Indemnity Agreement between Central Software, Inc. and an officer of the corporation is a critical legal tool designed to protect officers from financial harm while carrying out their official duties. The specific type of agreement may vary based on the scope of coverage, limitations, or other factors deemed necessary by Central Software.

Fairfax Virginia Indemnity Agreement is a legally binding document between Central Software, Inc. (hereinafter referred to as "Central Software") and an officer of the corporation. This agreement outlines the terms and conditions under which the officer of the corporation is indemnified by Central Software for any damages, claims, liabilities, or expenses incurred in the course of performing their duties as an officer. Keywords: Fairfax Virginia, Indemnity Agreement, Central Software, officer of corporation, terms and conditions, indemnification, damages, claims, liabilities, expenses. The Fairfax Virginia Indemnity Agreement offers protection to officers of Central Software who may face legal action or financial loss while acting in their official capacity. Specific types of Fairfax Virginia Indemnity Agreements between Central Software, Inc. and officers of the corporation may include: 1. General Indemnification Agreement: This type of agreement provides broad indemnification coverage to officers of Central Software, protecting them from claims arising out of their corporate duties. It covers legal fees, settlements, and other expenses incurred due to lawsuits or claims. 2. Director and Officer Indemnification Agreement: This agreement specifically indemnifies directors and officers of Central Software for actions taken within their roles. It covers legal fees, judgments, settlements, and other related costs, providing a comprehensive level of protection. 3. Advancement of Expenses Agreement: This form of indemnity agreement allows Central Software to advance funds to officers for legal defense costs and expenses incurred during legal proceedings. The officer must agree to reimburse the company if it is determined that they are not entitled to indemnification. 4. Limited Scope Indemnification Agreement: A limited scope indemnification agreement provides indemnification to officers of Central Software only for certain specified actions or liabilities. The agreement may outline specific situations or circumstances for which the officer is indemnified, making the coverage more restricted. 5. Indemnity Agreement with Cap: In some cases, Central Software may limit its indemnification obligations by including a cap on the total amount it will reimburse the officer for legal expenses and liabilities. This type of agreement ensures that the indemnification does not become excessive or pose a significant financial burden on the company. Overall, the Fairfax Virginia Indemnity Agreement between Central Software, Inc. and an officer of the corporation is a critical legal tool designed to protect officers from financial harm while carrying out their official duties. The specific type of agreement may vary based on the scope of coverage, limitations, or other factors deemed necessary by Central Software.