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If he won, he could continue to proclaim his innocence, but shareholders would bear the considerable expense of the legal proceedings (through indemnification and insurance).
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The couple won, and the president's bid for indemnification through the co-op's insurance policy was denied by the Court of Appeals.
FutureWorld assists corporations through its predictions of disasters and indemnification against negligence lawsuits by serving as their scapegoat.
In 1946, remarkably, Japanese companies became "double winners" by receiving generous payments from state coffers as indemnification for costs incurred through their use of Chinese workers.
As we explain, the governing provisions of the Code of Civil Procedure clearly authorize AMA to seek indemnification from a previously unnamed party through such a cross-complaint.
Even indemnification of officers by general resolution or through a section of the by-laws may be insufficient protection, said Frank Karelsen, chairman of the New York State Bar Association's Committee on Co-ops and Condominiums.
"If they had, Hughes would not have gone through with the purchase or taken over the Hubble contract without proper indemnification". The defect has severely impeded the usefulness of the Hubble telescope, although it has made a number of important astronomical breakthroughs.
("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).
Indemnification of portfolio company executives.
But indemnification rights are not unlimited.
Policy on tax indemnification and gross payments.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com