This indemnity for directors short form template has 2 pages and is a MS Word file type listed under our human resources documents.
Sample of our indemnity for directors short form template:
INDEMNITY This Indemnity (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "[YOUR COMPANY NAME]"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [INDIVIDUAL NAME] (the "Indemnity"), an individual with his main address located at: [COMPLETE ADDRESS] TO: (the "INDIVIDUAL NAME") [YOUR COMPANY NAME] has requested that the Individual act as a director and officer of the [YOUR COMPANY NAME]. As an inducement to the Individual to so act, the [YOUR COMPANY NAME] has offered to give this Indemnity to the Individual. IN CONSIDERATION of the foregoing and of other valuable consideration, the [YOUR COMPANY NAME] agrees to indemnify the Individual, to the full extent permitted by [YOUR COUNTRY LAW], from all Liabilities arising from (i) anything the Individual does, permits to be done or fails to do as a director or an officer of the [YOUR COMPANY NAME], or both, or (ii) the Individual being a director or an officer of the [YOUR COMPANY NAME], or both. "Liabilities" means liabilities, costs, charges and expenses, consequential or otherwise (including all liabilities for judgments, fines, penalties, amounts paid in settlement, legal fees and expenses) that the Individual suffers or incurs resulting from any proposed or actual action, suit or other proceeding in which the Individual is or may become involved; any order made or judgment awarded against the Individual or any investigation or proceeding involving the Individual by any court, administrative or quasi-judicial official body, agency or tribunal; and any liability for the net amount of all taxes, including taxes on all indemnity payments under this agreement, and all interest, fines and penalties on such taxes and indemnity payments. This Indemnity applies regardless of any remuneration that the Individual may have received as a result of the Individual having acted as a director or an officer of the [YOUR COMPANY NAME], or as both
