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Obligation to indemnify executive accused of criminal ...
- https://www.lexology.com/library/detail.aspx?g=89df3b8c-d63b-466a-951c-44bead315f19
- Jun 27, 2012 · A company may indemnify its executive where she has acted in good faith, in a manner she reasonably believed to be in or not opposed to the best interests of the corporation, and (in a …Estimated Reading Time: 7 mins
Corporate Bylaws Requiring Officer Indemnification and ...
- https://www.faegredrinker.com/en/insights/publications/2008/9/corporate-bylaws-requiring-officer-indemnification-and-advances-of-defense-costs-may-apply-even-wher
- Jul 31, 2008 · Under Delaware law, corporations can adopt bylaws requiring that their officers and directors be indemnified for actions taken in their official capacities, provided that they acted in "good faith." The Minnesota statute generally mandates indemnification in that event. Many assumed that a criminal conviction would be proof positive that the officer or director did not act in good faith and hence would not be entitled to indemnification from the corporation.
Criminal Negligence and the Responsible Corporate Officer ...
- https://woodruffsawyer.com/do-notebook/criminal-negligence-corporate-officer-doctrine/
- Jul 11, 2017 · Personal indemnification agreements are agreements designed to ensure that an indemnitee accused of wrongdoing will be able to pay for their legal defense. Be sure that you have an updated version of an indemnification agreement in place. Transfer Risk to Insurance. A well-brokered D&O Insurance policy will reimburse the corporation for the cost of your criminal defense, and can …Estimated Reading Time: 6 mins
DIRECTOR AND OFFICER INDEMNIFICATION
- http://baileycav.com/site/assets/files/1431/director_and_officer_indemnification.pdf
- conviction or upon a plea of nolo contendere does not alone create a presumption that the person’s conduct did not satisfy this standard. (Section 145(a) and (b), Delaware; § 1701.13(E)(1), Ohio). a. A corporation may be required to indemnify an officer who pleads guilty a criminal charge. Maiss v. Bally Gaming International, 1996
Does a Company Have to Pay for the Defense of a Former ...
- https://www.zuckerman.com/news/blog/does-company-have-pay-defense-former-officer-who-was-criminally-charged-twice-stealing-companys
- Oct 01, 2012 · Subsection (a) provides that corporations “have the power to indemnify any person who is a party to a proceeding,” including “criminal” proceedings “ by reason of the fact that the person is or was a director [or] officer . . . of the corporation . . . .”.
Indemnification of Officers Directors and Others Sample ...
- https://www.lawinsider.com/clause/indemnification-of-officers-directors-and-others
- The Corporation will indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding whether civil, criminal, administrative or investigative, other than an action by or in the right of the Corporation, by reason of the fact that he is or was serving at the request of the Corporation as a Director, officer, employee or agent of another corporation, …
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