Your English writing platform
Discover LudwigExact(2)
If the regulator had asked for higher payments from the former executives, the men could have turned around and requested that the bankrupt company pay the amounts under its indemnification policies.
"To date, the U.S. government has failed to comply with its indemnification obligations," Elolf said in an email.
Similar(58)
They may want to promote consortium-based approval whereby one institution's IRB is accepted by others in the consortium (Silent Spring Institute has had this experience with Boston University, a partner in some of its other projects; indemnification may be necessary so that universities do not bear responsibility for the actions of community partners).
Due to DOE indemnification of its contractors, without some form of settlement being arrived at between the U.S. Justice Department and Rockwell the cost of paying any civil penalties would ultimately have been borne by U.S. taxpayers.
Virtually every publicly traded corporation has an indemnification provision in its corporate articles requiring it pay the lawyers for its officers and directors who may be accused of a violation, and in most cases those costs must be advanced during the course of an investigation or prosecution.
FutureWorld assists corporations through its predictions of disasters and indemnification against negligence lawsuits by serving as their scapegoat.
The agreements struck between Fannie Mae and its former executives state that indemnification will be canceled when an employee breaches the duty of loyalty to the corporation or engages in intentional misconduct.
Elolf, the KBR spokesman, said the company sought the indemnification agreement because its work was "performed under dangerous conditions in Iraq".
Andrew L. Deutsch, a partner of DLA Piper LLP, which represents Al Jazeera, said in the next few weeks, the network will provide a clear explanation of its position and right to indemnification from escrow funds. .
("Company Y" has already billed the C.I.A. $1.1 million dollars as part of an "indemnification" agreement that pays its legal expenses related to the program through 2021).
In particular, the practice of broadly indemnifying executives in acquisitions may be too beneficent; I've never seen a board reject a takeover offer because its executives are not receiving sufficient indemnification.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com