Director and Officer Indemnification definition

Director and Officer Indemnification. Any obligations of the Debtors pursuant to their organizational documents to indemnify current and former officers, directors, agents, and/or employees (i) shall not be discharged or impaired by confirmation of the Plan and (ii) shall be deemed and treated as executory contracts to be assumed by the Debtors under the Plan. Director and officer insurance will continue in place for the directors and officers of all of the Debtors during these chapter 11 cases on existing terms. After the Effective Date, the reorganized Debtors shall not terminate or otherwise reduce the coverage under any director and officer insurance policies (including any “tail policy”) then in effect. Directors and officers shall be indemnified by the reorganized Debtors to the extent of such insurance.
Sample 1

Examples of Director and Officer Indemnification in a sentence

  • The Company agrees to indemnify the Director for his activities as a member of the Board as set forth in the Director and Officer Indemnification Agreement attached hereto as Exhibit A.

  • The Company agrees to indemnify the Director for her activities as a member of the Board as set forth in the Director and Officer Indemnification Agreement attached hereto as Exhibit A.

  • Simultaneously with any Person becoming a Sponsor Director, Parent GP shall execute and deliver to each such Sponsor Director a Director and Officer Indemnification Agreement, in a form substantially consistent with those entered into by the other members of the Board, dated effective the date such Sponsor Director becomes a member of the Board.

  • Form of Director and Officer Indemnification Agreement (incorporated by reference to Exhibit 10.1 to the Registrant’ s Registration Statement on Form S-1 (Registration No. 333- 195085) filed with the SEC on April 7, 2014).

  • Executive shall be indemnified by the Company as, and to the extent, provided in the memorandum and articles of association of the Company and as provided in Executive’s Director and Officer Indemnification Agreement dated October 10, 2012.

  • The Company and Employee have entered into the Company’s standard form of Director and Officer Indemnification Agreement, which agreement shall remain in full force and effect.

  • Timely claims based upon D&O Indemnification Rights shall be satisfied solely out of the proceeds of the Debtors’ Director and Officer Indemnification insurance policies.

  • Director and Officer Indemnification Our amended and restated certificate of incorporation, as amended, and our amended and restated bylaws, as amended, provide that we will indemnify each of our directors and officers to the fullest extent permitted by the Delaware General Corporation Law.

  • By: Name: Title: INDEMNITEE: Address: EXHIBIT A UNDERTAKING This Undertaking is submitted pursuant to the Director and Officer Indemnification Agreement, dated as of , (the “Indemnification Agreement”), between YETI Holdings, Inc., a Delaware corporation (the “Company”), and the undersigned.

  • Branch 10.17* Form of Director and Officer Indemnification Agreement10.18* Letter Agreement, dated as of May 12, 2006, by and between the Registrant and Mark Simon10.19* Employment Agreement, dated as of September 11, 2006, by and between the Registrant and Donald J.

Related to Director and Officer Indemnification

  • Indemnification Cap has the meaning set forth in Section 9.3(a).

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • D&O Indemnified Parties shall have the meaning set forth in Section 6.6(a).

  • Indemnification means an agreement of indemnity or a release from liability where the intent or effect is to shift or limit in any manner the potential liability of the person or firm for failure to adhere to applicable auditing or professional standards, whether or not resulting in part from knowing of other misrepresentations made by the insurer or its representatives.

  • Company Indemnified Persons has the meaning set forth in Section 5(a).

  • Indemnification Agreements has the meaning set forth in Section 2.5.

  • Company Indemnified Parties has the meaning specified in Section 7.8(a).

  • Exculpation means the exculpation provision set forth in Article X.E hereof.

  • Indemnification Period means the period of time during which Indemnitee shall continue to serve as a director or as an officer of the Corporation, and thereafter so long as Indemnitee shall be subject to any possible Proceeding arising out of acts or omissions of Indemnitee as a director or as an officer of the Corporation.

  • Company Indemnified Person means (a) any Administrator; (b) any Affiliate of any Administrator; (c) any officers, directors, shareholders, members, partners, employees, representatives or agents of any Administrator; or (d) any officer, employee or agent of the Trust or its Affiliates.

  • Parent Indemnified Parties has the meaning set forth in Section 9.2(a).

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Company Indemnitees shall have the meaning set forth in Section 5.02.

  • Manager Indemnified Party has the meaning set forth in Section 8(a) hereof.

  • Indemnification Event means any event, action, proceeding or claim for which a Person is entitled to indemnification under this Agreement.

  • Indemnification Claim has the meaning set forth in Section 10.3.

  • Company Indemnified Party has meaning set forth in Section 8(b) hereof.

  • Seller Indemnified Persons has the meaning set forth in Section 8.3.

  • Fiduciary Indemnified Person means each of the Institutional Trustee (including in its individual capacity), the Delaware Trustee (including in its individual capacity), any Affiliate of the Institutional Trustee or the Delaware Trustee, and any officers, directors, shareholders, members, partners, employees, representatives, custodians, nominees or agents of the Institutional Trustee or the Delaware Trustee.

  • Buyer Indemnified Persons has the meaning set forth in Section 8.2.

  • Indemnification Expenses shall have the meaning set forth in Section 6.11(a).

  • D&O Indemnified Party has the meaning set forth in Section 5.8(a).

  • Seller Indemnified Parties has the meaning set forth in Section 8.1.

  • Indemnification Escrow Fund means the Indemnification Escrow Amount deposited into escrow pursuant to the Escrow Agreement, together with any interest and income earned thereon.

  • Buyer Indemnified Parties has the meaning set forth in Section 8.2.

  • Indemnified Parties has the meaning set forth in Section 8.2.