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(1) A recipient may retain any funds obtained as a result of a claims collection action initiated by it in accordance with this section, or recovered pursuant to any insurance policy or other similar form of indemnification, but such funds must be expended in accordance with the agreement or for other purposes approved in advance by CCC.
Some companies have insurance against insurance in the form of indemnification trusts, which are drawn upon only when a director is facing expenses related to a lawsuit.
Ms. Scardino also executed the Company's standard form of indemnification agreement, a copy of which has been filed as Exhibit 10.1 to the Company's Registration Statement on Form S-1 (File No. 333-191552) filed with the Securities and Exchange Commission on October 3, 2013.
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Insurance is one way to limit exposure to risk, albeit on the back end and in the form of financial indemnification rather than reputation control.
Caps are typical of any sort of indemnification, whether it be warranties, insurance policies, buyer protection or numerous other structures for risk amelioration that typically appear in auction markets.
Mark Geistfeld, a law professor at New York University, said indemnification, a form of insurance, has its limits.
Mr. Biondi then filed a lawsuit against Beekman Hill House seeking indemnification, a form of reimbursement, for that amount.
Menem then passed, by Presidential decree, the "law of indemnification".
Summary judgment on the issue of indemnification was appropriate.
Moreover, the chapter addresses civil liability that can be charged to the engineer in the form of negligence or products liability and further addresses the way the engineer can protect himself from liability such as employing the use of indemnification agreements.
"So the Transit Authority demanded an enormous amount of indemnification, and that took millions of dollars with a consortium of companies and backstage deal-making.
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CEO of Professional Science Editing for Scientists @ prosciediting.com