IndemnificationAgreement补偿协议11110docWord下载.docx
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IndemnificationAgreement补偿协议11110docWord下载.docx
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IndemnificationAgreement补偿协议11110doc@#@IndemnificationAgreement补偿协议-@#@ThisIndemnificationAgreement(Agreement)ismadeasofthis_________dayof_________,_________,_________(M,D,Y)byandbetweenAAA,Inc.,a_________(ADDRESS)corporation(theCompany),and_________(Indemnitee).WHEREAS,theCompanyandIndemniteerecognizethedifficultyinobtainingdirectors’andofficers’liabilityinsurancethatfullyandadequatelycoversdirectorsandofficersfortheiractsandomissionsonbehalfoftheCompanyanditssubsidiaries;@#@WHEREAS,theCompanyandIndemniteefurtherrecognizethesubstantialincreaseincorporatelitigationingeneral,subjectingofficersanddirectorstoexpensivelitigationrisksatthesametimeastheavailabilityandcoverageofliabilityinsurancehasbeenseverelylimited;@#@WHEREAS,Indemniteedoesnotregardthecurrentprotectionavailableasadequateunderthepresentcircumstances,andIndemniteeandotherofficersanddirectorsoftheCompanymaynotbewillingtocontinuetoserveasofficersanddirectorswithoutadditionalprotection;@#@andWHEREAS,theCompanydesirestoattractandretaintheservicesofhighlyqualifiedindividuals,suchasIndemnitee,toserveasofficersanddirectorsoftheCompanyandtoindemnifyitsofficersanddirectorssoastoprovidethemwiththemaximumprotectionpermittedbylaw.NOW,THEREFORE,theCompanyandIndemniteeherebyagreeasfollows:
@#@1.INDEMNIFICATION.(a)THIRDPARTYPROCEEDINGS.TheCompanyshallindemnifyIndemniteeifIndemniteeisorwasapartyoristhreatenedtobemadeapartytoanythreatened,pendingorcompletedactionorproceeding,whethercivil,criminal,administrativeorinvestigative(otherthananactionbyorintherightoftheCompany)byreasonofthefactthatIndemniteeisorwasadirector,officer,employeeoragentoftheCompanyoraSubsidiary(ashereinafterdefined),byreasonofanyactionorinactiononthepartofIndemniteewhileadirector,officer,employeeoragentorbyreasonofthefactthatIndemniteeisorwasservingattherequestoftheCompanyasadirector,officer,employeeoragentofanothercorporation,partnership,jointventure,trustorotherenterprise,againstexpenses(includingreasonableattorneys’fees),judgments,finesandamountspaidinsettlement(ifsuchsettlementisapprovedinadvancebytheCompany,whichapprovalshallnotbeunreasonablywithheld)actuallyandreasonablyincurredbyIndemniteeinconnectionwithsuchactionorproceedingunlesstheCompanyshallestablish,inaccordancewiththeproceduresdescribedinsubsection2(c)ofthisAgreement,thatIndemniteedidnotactingoodfaithandinamannerIndemniteereasonablybelievedtobeinthebestinterestsoftheCompany,and,withrespecttoanycriminalactionorproceeding,hadnoreasonablecausetobelieveIndemnitee’sconductwasunlawful.Theterminationofanyactionorproceedingbyjudgment,order,settlement,conviction,oruponapleaofNOLOCONTENDEREoritsequivalent,shallnot,ofitself,createapresumption(i)thatIndemniteedidnotactingoodfaithandinamannerwhichIndemniteereasonablybelievedtobeinthebestinterestsoftheCompany,or(ii)withrespecttoanycriminalactionorproceeding,thatIndemniteehadreasonablecausetobelievethatIndemnitee’sconductwasunlawful.(b)PROCEEDINGSBYORINTHERIGHTOFTHECOMPANY.TheCompanyshallindemnifyIndemniteeifIndemniteewasorisapartyoristhreatenedtobemadeapartytoanythreatened,pendingorcompletedactionorproceedingbyorintherightoftheCompanyoranySubsidiaryoftheCompanytoprocureajudgmentinitsfavorbyreasonofthefactthatIndemniteeisorwasadirector,officer,employeeoragentoftheCompany,oranySubsidiaryoftheCompany,byreasonofanyactionorinactiononthepartofIndemniteewhileadirector,officer,employeeoragentorbyreasonofthefactthatIndemniteeisorwasservingattherequestoftheCompanyasadirector,officer,employeeoragentofanothercorporation,partnership,jointventure,trustorotherenterprise,againstexpenses(includingreasonableattorneys’fees)and,tothefullestextentpermittedbylaw,amountspaidinsettlement,ineachcasetotheextentactuallyandreasonablyincurredbyIndemniteeinconnectionwiththedefenseorsettlementofsuchactionorproceedingunlesstheCompanyshallestablish,inaccordancewiththeproceduresdescribedinsubsection2(c)ofthisAgreement,thatIndemniteedidnotactingoodfaithandinamannerIndemniteereasonablybelievedtobeinthebestinterestsoftheCompanyanditsshareholders,exceptthatnoindemnificationshallbemadeinrespectofanyclaim,issueormatterastowhichIndemniteeshallhavebeenadjudgedtobeliabletotheCompanyintheperformanceofIndemnitee’sdutytotheCompanyoranySubsidiaryoftheCompanyunlessandonlytotheextentthatthecourtinwhichsuchactionorproceedingisorwaspendingshalldetermineuponapplicationthat,inviewofallthecircumstancesofthecase,Indemniteeisfairlyandreasonablyentitledtoindemnityforexpensesoramountspaidinsettlementandthenonlytotheextentthatthecourtshalldetermine.2.EXPENSES;@#@INDEMNIFICATIONPROCEDURE.(a)ADVANCEMENTOFEXPENSES.TheCompanyshalladvanceallreasonableexpensesincurredbyIndemniteeinconnectionwiththeinvestigation,defense,settlementorappealofanycivilorcriminalactionorproceedingreferencedinsubsection1(a)or1(b)ofthisAgreement(butnotamountsactuallypaidinsettlementofanysuchactionorproceeding).Indemniteeherebyundertakestorepaysuchamountsadvancedonlyif,andtotheextentthat,itshallultimatelybedeterminedthatIndemniteeisnotentitledtobeindemnifiedbytheCompanyasauthorizedhereby.TheadvancestobemadehereundershallbepaidbytheCompanytoIndemniteewithin_________(_________)daysfollowingdeliveryofawrittenrequestthereforbyIndemniteetotheCompany.(b)NOTICE/COOPERATIONBYINDEMNITEE.Indemniteeshall,asaconditionprecedenttohisrighttobeindemnifiedorbeadvancedexpensesunderthisAgreement,givetheCompanynoticeinwritingassoonaspracticableofanyclaimmadeagainstIndemniteeforwhichindemnificationwillorcouldbesoughtunderthisAgreement.NoticetotheCompanyshallbedirectedtotheChiefExecutiveOfficeroftheCompanyattheaddressshownonthesignaturepageofthisAgreement(orsuchotheraddressastheCompanyshalldesignateinwritingtoIndemnitee).Inaddition,IndemniteeshallgivetheCompanysuchinformationandcooperationasitmayreasonablyrequireandasshallbewithinIndemnitee’spower.(c)PROCEDURE.AnyindemnificationprovidedforinSection1ofthisAgreementshallbemadenolaterthan_________(_________)daysaftertheresolution(byjudgment,settlement,dismissalorotherwise)oftheclaimtowhichindemnificationissought.IfaclaimunderthisAgreement,underanystatute,orunderanyprovisionoftheCompany’sArticlesofIncorporationorBy-lawsprovidingforindemnification,isnotpaidinfullbytheCompanywithinsuchperiod,Indemniteemay,butneednot,atanytimethereafterbringanactionagainsttheCompanytorecovertheunpaidamountoftheclaimand,subjecttoSection14ofthisAgreement,Indemniteeshallalsobeentitledtobepaidfortheexpenses(includingreasonableattorneys’fees)ofbringingsuchaction.Itshallbeadefensetoanysuchaction(otherthananactionbroughttoenforceaclaimforexpensesincurredinconnectionwithanyactionorproceedinginadvanceofitsfinaldisposition)thatIndemniteehasnotmetthestandardsofconductwhichmakeitpermissibleunderapplicablelawfortheCompanytoindemnifyIndemniteefortheamountclaimed,buttheburdenofprovingsuchdefenseshallbeontheCompany,andIndemniteeshallbeentitledtoreceiveinterimpaymentsofexpensespursuanttosubsection2(a)ofthisAgreementunlessanduntilsuchdefensemaybefinallyadjudicatedbycourtorderorjudgmentfromwhichnofurtherrightofappealexists.Itistheparties’intentionthatiftheCompanycontestsIndemnitee’srighttoindemnification,thequestionofIndemnitee’srighttoindemnificationshallbeforthecourttodecide,andneitherthefailureoftheCompany(includingitsBoardofDirectors,anycommitteeorsubgroupoftheBoardofDirectors,independentlegalcounsel,oritsshareholders)tohavemadeadeterminationthatindemnificationofIndemniteeisproperinthecircumstancesbecauseIndemniteehasmettheapplicablestandardofconductrequiredbyapplicablelaw,noranactualdeterminationbytheCompany(includingitsBoardofDirectors,anycommitteeorsubgroupoftheBoardofDirectors,independentlegalcounsel,oritsshareholders)thatIndemniteehasnotmetsuchapplicablestandardofconduct,shallcreateapresumptionthatIndemniteehasorhasnotmettheapplicablestandardofconduct.(d)NOTICETOINSURERS.If,atthetimeofthereceiptofanoticeofaclaimpursuanttosubsection2(b)ofthisAgreement,theCompanyhasdirectorandofficerliabilityinsuranceineffect,theCompanyshallgivepromptnoticeofthecommencementofsuchproceedingtotheinsurersinaccordancewiththeproceduressetforthintherespectivepolicies.TheCompanyshallthereaftertakeallnecessaryordesirableactiontocausesuchinsurerstopay,onbehalfoftheIndemnitee,allamountspayableasaresultofsuchproceedinginaccordancewiththetermsofsuchpolicies.(e)RELATIONSHIPTOOTHERSOURCES.Indemniteeshallnotberequiredtoexerciseanyrightsagainstanyotherparties(forexample,underanyinsurancepolicypurchasedbytheCompany,Indemniteeoranyotherpersonorentity)beforeIndemniteeenforcesthi
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