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Especially given the fact that he was actually told by legal counsel that this action violated the Constitution, Zaccari in no way deserved the protection of qualified immunity or the indemnification provided by the taxpayers of Georgia.
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(f) Should an easement be transferred pursuant to this section, all warranties and indemnifications provided for in the deed will continue to apply to the United States.
Are the expansive indemnification provisions provided by public companies really necessary, or do they allow executives to escape penalty for their wrongdoing?
The court rejected a claim that was supported by allegations in the pleadings but had not been described in the indemnification notice provided under the agreement.
For example, it may affect the board member's access to directors and officers liability insurance — known as the "D&O" coverage and indemnification protection provided by the company.
Next, he said, any permission granted to the owners of the adjacent building should be put in writing and include an indemnification agreement providing that the co-op will be held harmless for any liability that could arise.
Indemnification and the method of indemnification may be provided for by charter or bylaw amendment, contract or board resolution, consistent with the procedural requirements of the applicable state law or the Model Business Corporation Act, as specified.
Buyers making indemnification claims should provide specific support in the indemnification notice and not rely on being able to make more specific allegations in litigation pleadings.
"Though this agreement does not provide indemnification against fines and penalties, punitive damages or certain other potential noncompensatory claims, we do not consider these items to represent a significant risk to Cameron," Jack Moore, the chief executive, said in a statement.
Complying with solicitation rules and assuming liability and providing indemnification relating to the nomination, if required.
A Federal credit union that elects to provide indemnification shall specify whether it will follow the relevant state law or the Model Business Corporation Act.
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CEO of Professional Science Editing for Scientists @ prosciediting.com