This is a startlingly broad indemnification, which the courts have upheld.
Like most public companies, Fannie Mae had a broad indemnification policy requiring it to advance the legal fees for executives accused of misconduct based on their work for it.
These responsibilities include accreditation of participating entities, policy and enforcement authority in the areas of data use, risk assessment, security policy and procedure, auditing, compliance, dispute resolution, indemnification, and liability allocation, among others (for a full description, see Table 5).
Nor did personal assistants enjoy most of the rights and benefits granted to full-fledged state employees, such as health insurance, paid vacations, retirement benefits, indemnification for actions taken during the course of employment, and protection under the Illinois Whistleblower Act.
We have total releases and indemnifications, and everything is as it should be.
"To be clear, it is BP's position, consistent with this indemnification, that any settlement between Transocean and any of its injured or deceased employees must include a full release of all BP entities from any and all claims or liability in connection with the Deepwater Horizon incident," said the letter, from John T. Hickey, a lawyer for BP.
But indemnification rights are not unlimited.
"Mutual indemnification always is, " he replies.
But indemnification does not apply across the board.
Menem then passed, by Presidential decree, the "law of indemnification".
