Corporate bylaws indemnification
WebDec 1, 2024 · The Solution: Personal Indemnification Agreements. This is where a good personal indemnification agreement can save the day. An indemnification agreement in this context is a contract between an individual director or officer and the company the director or officer serves. These agreements promise to (1) advance legal fees, and (2) … Web21.2. The Corporation shall, before final disposition of a claim or proceeding, advance funds to pay for or reimburse the reasonable expenses, including legal fees and disbursements, incurred by a person eligible for indemnification and acting in any capacity described under Section 21.1, who is involved in or threatened by any claim or ...
Corporate bylaws indemnification
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WebNov 23, 2024 · When one thinks of indemnification, the typical paradigm that comes to mind is a corporate officer is sued by a third party and he seeks to have all legal … Web7.1 The Corporation shall indemnify, to the fullest extent permitted by applicable law as it presently exists or may hereafter be amended, any person who was or is a party or …
WebAug 3, 2024 · BYLAWS INDEMNIFICATION PROVISIONS. ARTICLE ### – Indemnification. Section 1. Definitions.For purposes of this Article: [a] The terms … WebIndemnification. Right to Indemnification. The Corporation may indemnify any person who was or is a party, or is threatened to be made a party, to any threatened, pending, or completed action by or in the right of the Corporation to procure a judgment in its favor by reason of the fact that the person is or was the Corporation's director, officer, employee, …
WebAppointing auditors. Inspecting auditor's reports. Electing officers and directors. Confirming, amending, or rejecting bylaws. With regards to voting at a shareholders meeting, each … WebThe indemnification provided by this Agreement likewise shall not be deemed exclusive of, or to diminish or otherwise restrict the rights to which Agent may be entitled with respect to his actions as a director of Black Hills Corporation, whether provided by Black Hills' Bylaws, Restated Articles of Incorporation, the director Indemnification ...
Webamendments of credit unions as required by generally accepted corporate and business practices of financial institutions. 2. Any credit union which determines to discontinue using Standard Form Bylaws or any Standard Bylaw Amendments shall adopt new bylaws in accordance with the requirements of O.C.G.A. § 7-1-634. Revised July 7, 2024
WebSep 17, 2014 · In seeking indemnification and advancement, Aleynikov sought to rely on Goldman Sachs Group’s bylaws, under a provision applicable to non-corporate subsidiaries like GSCo. The provision specifies that “the term ‘officer’ shall include in addition to any officer of such entity, any person serving in a similar capacity or as the … hello neighbor show episode 2Webprovisions of the Illinois General Not For Profit Corporation Act of 1986 related to indemnification (Section 108.75), as such provisions may be amended from time to time, are incorporated by reference into these Bylaws. The Society may purchase and maintain insurance on behalf of any person or hello neighbor shopping cartWeb(c) indemnification or advance of Expenses hereunder if the Proceeding was brought by Indemnitee, unless: (i) the Proceeding was brought to enforce indemnification under this Agreement, and then only to the extent in accordance with and as authorized by Section 12 of this Agreement, or (ii) the Company’s charter or Bylaws, a resolution of the ... hello neighbor shows for kidsWebUnless a corporation's articles of incorporation provide otherwise: (1) An officer of the corporation who is not a director is entitled to mandatory indemnification under RCW 23B.08.520, and is entitled to apply for court-ordered indemnification under RCW 23B.08.540, in each case to the same extent as a director; (2) The corporation may ... hello neighbors house imageWebThe indemnification provided by this Agreement likewise shall not be deemed exclusive of, or to diminish or otherwise restrict the rights to which Agent may be entitled with respect … hello neighbor showsWebNONPROFIT BYLAW PROVISION: INDEMNIFICATION. The corporation shall, to the extent legally permissible, indemnify each person who may serve or who has served at … hello neighbor sings a songWebIndemnification. Right to Indemnification. The Corporation may indemnify any person who was or is a party, or is threatened to be made a party, to any threatened, pending, or … hello neighbor sinhala