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Indemnification of Directors and Officers Sample Clauses ...
- https://www.lawinsider.com/clause/indemnification-of-directors-and-officers
- Notwithstanding the foregoing, the Corporation shall indemnify any Director or Officer seeking indemnification in connection with a Proceeding initiated by such Director or Officer only if such Proceeding was authorized by the Board of Directors of the Corporation, unless such Proceeding was brought to enforce an Officer or Director's rights to Indemnification or, in the case of Directors, …
Mandatory Indemnification of Corporate Officers and Directors
- http://scholar.smu.edu/cgi/viewcontent.cgi?article=3586&context=smulr
- MANDATORY INDEMNIFICATION OF CORPORATE OFFICERS AND DIRECTORS. by Margaret E. Barrett. Most state general corporation statutes permit a corporation to indemnify its directors, officers, employees, and agents for expenses incurred in defend-ing actions for personal liability arising from activities in their official
How Important is Corporate Indemnification? Harvard ...
- https://www.delawareinc.com/blog/how-important-is-corporate-indemnification/
- Apr 16, 2019 · Indemnification is a key protection for officers, directors and key employees, and the scope of an LLC’s or corporation’s indemnity provisions demands close attention. In an LLC, indemnification is completely discretionary and the scope of indemnification, if any, can be defined in the LLC’s Operating Agreement. Often, an Operating Agreement will provide broad indemnification, …
When Officers Must Indemnify The Corporation
- https://www.calcorporatelaw.com/2013/06/when-officers-must-indemnify-the-corporation
- Jun 07, 2013 · When Officers Must Indemnify The Corporation. Much attention is focused on the power of corporations to indemnify corporate officers and other agents. In California, this is addressed by Corporations Code Section 317, which establishes the power to provide indemnification, and Section 204 (a) (11) which allows corporations to include a provision in the articles authorizing indemnification in …
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