Indemnity Agreement损失补偿合同-3

-27-IndemnityAgreement损失补偿合同核心提示：ThisIndemnityAgreement(thisAgreement),datedasof_________,_________,_________(M,D,Y),ismadebyandbetweenAAAInc.,a_________(PLACENAME)corporation(theCompany),and_________,adirectorand/orofficeroftheCompany(theIndemnitee).ThisIndemnityAgreement(thisAgreement),datedasof_________,_________,_________(M,D,Y),ismadebyandbetweenAAAInc.,a_________(PLACENAME)corporation(theCompany),and_________,adirectorand/orofficeroftheCompany(theIndemnitee).RECITALSA.TheCompanyisawarethatcompetentandexperiencedpersonsareincreasinglyreluctanttoserveasdirectorsorofficersofcorporationsunlesstheyareprotectedbycomprehensiveliabilityinsuranceand/orindemnification,duetoincreasedexposuretolitigationcostsandrisksresultingfromtheirservicetosuchcorporations,andduetothefactthattheexposurefrequentlybearsnoreasonablerelationshiptothecompensationofsuchdirectorsandofficers;B.Basedupontheirexperienceasbusinessmanagers,theBoardofDirectorsoftheCompany(theBoard)hasconcludedthat,toretainandattracttalentedandexperiencedindividualstoserveasofficersanddirectorsoftheCompany,andtoencouragesuchindividualstotakethebusinessrisksnecessaryforthesuccessoftheCompany,itisnecessaryfortheCompanycontractuallytoindemnifyofficersanddirectorsandtoassumeforitselfmaximumliabilityforexpensesanddamagesinconnectionwithclaimsagainstsuchofficersanddirectorsinconnectionwiththeirservicetotheCompany;C.Section145oftheGeneralCorporationLawof_________(PLACENAME),underwhichtheCompanyisorganized(Section145),empowerstheCompanytoindemnifybyagreementitsofficers,directors,employeesandagents,andpersonswhoserve,attherequestoftheCompany,asdirectors,officers,employeesoragentsofothercorporationsorenterprises,andexpresslyprovidesthattheindemnificationprovidedbySection145isnotexclusive;andD.TheCompanydesiresandhasrequestedtheIndemniteetoserveorcontinuetoserveasadirectororofficeroftheCompanyfreefromundueconcernforclaimsfordamagesarisingoutoforrelatedtosuchservicestotheCompany.NOW,THEREFORE,thepartieshereto,intendingtobelegallybound,herebyagreeasfollows:1.DEFINITIONS.1.1Agent.ForthepurposesofthisAgreement,agentoftheCompanymeansanypersonwhoisorwasadirectororofficeroftheCompanyorasubsidiaryoftheCompany;orisorwasservingattherequestof,fortheconvenienceof,ortorepresenttheIndemnityAgreementinterestoftheCompanyorasubsidiaryoftheCompanyasadirectororofficerofanotherforeignordomesticcorporation,partnership,jointventure,trustorotherenterpriseoranaffiliateoftheCompany;orwasadirectororofficerofaforeignordomesticcorporationwhichwasapredecessorcorporationoftheCompany,including,withoutlimitation,AAAInc.,a_________(PLACENAME)corporation,orwasadirectororofficerofanotherenterpriseoraffiliateoftheCompanyattherequestof,fortheconvenienceof,ortorepresenttheinterestsofsuchpredecessorcorporation.ThetermenterpriseincludesanyemployeebenefitplanoftheCompany,itssubsidiaries,affiliatesandpredecessorcorporations.1.2Expenses.ForpurposesofthisAgreement,expensesincludesalldirectandindirectcostsofanytypeornaturewhatsoever(including,withoutlimitation,allattorneys’feesandrelateddisbursementsandotherout-of-pocketcosts)actuallyandreasonablyincurredbytheIndemniteeinconnectionwiththeinvestigation,defenseorappealofaproceedingorestablishingorenforcingarighttoindemnificationoradvancementofexpensesunderthisAgreement,Section145orotherwise;provided,however,thatexpensesshallnotincludeanyjudgments,fines,ERISAexcisetaxesorpenaltiesoramountspaidinsettlementofaproceeding.1.3Proceeding.ForthepurposesofthisAgreement,proceedingmeansanythreatened,pendingorcompletedaction,suitorotherproceeding,whethercivil,criminal,administrative,investigativeoranyothertypewhatsoever.1.4Subsidiary.ForpurposesofthisAgreement,subsidiarymeansanycorporationofwhichmorethan_________%oftheoutstandingvotingsecuritiesisowneddirectlyorindirectlybytheCompany,bytheCompanyandoneormoreofitssubsidiariesorbyoneormoreoftheCompany’ssubsidiaries.2.AGREEMENTTOSERVE.TheIndemniteeagreestoserveand/orcontinuetoserveasanagentoftheCompany,atthewilloftheCompany(orunderseparateagreement,ifsuchagreementexists),inthecapacitytheIndemniteecurrentlyservesasanagentoftheCompany,faithfullyandtothebestofhisability,solongasheisdulyappointedorelectedandqualifiedinaccordancewiththeapplicableprovisionsofthecharterdocumentsoftheCompanyoranysubsidiaryoftheCompany;provided,however,thattheIndemniteemayatanytimeandforanyreasonresignfromsuchposition(subjecttoanycontractualobligationthattheIndemniteemayhaveassumedapartfromthisAgreement),andtheCompanyoranysubsidiaryshallhavenoobligationunderthisAgreementtocontinuetheIndemniteeinanysuchposition.3.DIRECTORS’ANDOFFICERS’INSURANCE.TheCompanyshall,totheextentthattheBoarddeterminesittobeeconomicallyreasonable,maintainapolicyofdirectors’andofficers’liabilityinsurance(DOInsurance),onsuchtermsandconditionsasmaybeapprovedbytheBoard.4.MANDATORYINDEMNIFICATION.SubjecttoSection9below,theCompanyshallindemnifytheIndemnitee:4.1ThirdPartyActions.IftheIndemniteeisapersonwhowasorisapartyoristhreatenedtobemadeapartytoanyproceeding(otherthananactionbyorintherightoftheCompany)byreasonofthefactthatheisorwasanagentoftheCompany,orbyreasonofanythingdoneornotdonebyhiminanysuchcapacity,againstanyandallexpensesandliabilitiesofanytypewhatsoever(including,butnotlimitedto,judgments,fines,ERISAexcisetaxesorpenaltiesandamountspaidinsettlement)actuallyandreasonablyincurredbyhiminconnectionwiththeinvestigation,defense,settlementorappealofsuchproceedingifheactedingoodfaithandinamannerhereasonablybelievedtobein,ornotopposedto,thebestinterestsoftheCompanyand,withrespecttoanycriminalactionorproceeding,hadnoreasonablecausetobelievehisconductwasunlawful;and4.2DerivativeActions.IftheIndemniteeisapersonwhowasorisapartyoristhreatenedtobemadeapartytoanyproceedingbyorintherightoftheCompanytoprocureajudgmentinitsfavorbyreasonofthefactthatheisorwasanagentoftheCompany,orbyreasonofanythingdoneornotdonebyhiminanysuchcapacity,againstanyamountspaidinsettlementofanysuchproceedingandallexpensesactuallyandreasonablyincurredbyhiminconnectionwiththeinvestigation,defense,settlementorappealofsuchproceedingifheactedingoodfaithandinamannerhereasonablybelievedtobein,ornotopposedto,thebestinterestsoftheCompany;exceptthatnoindemnificationunderthissubsectionshallbemadeinrespectofanyclaim,issueormatterastowhichsuchpersonshallhavebeenfinallyadjudgedtobeliabletotheCompanybyacourtofcompetentjurisdictionduetowillfulmisconductofaculpablenatureintheperformanceofhisdutytotheCompany,unlessandonlytotheextentthattheCourtofChanceryorthecourtinwhichsuchproceedingwasbroughtshalldetermineuponapplicationthat,despitetheadjudicationofliabilitybutinviewofallthecircumstancesofthecase,suchpersonisfairlyandreasonablyentitledtoindemnityforsuchamountswhichtheCourtofChanceryorsuchothercourtshalldeemproper;and4.3ExceptionforAmountsCoveredbyInsurance.Notwithstandingtheforegoing,theCompanyshallnotbeobligatedtoindemnifytheIndemniteeforexpensesorliabilitiesofanytypewhatsoever(including,butnotlimitedto,judgments,fines,ERISAexcisetaxesorpenaltiesandamountspaidinsettlement)totheextentsuchhavebeenpaiddirectlytotheIndemniteebyDOInsurance.5.PARTIALINDEMNIFICATIONANDCONTRIBUTION.5.1PartialIndemnification.IftheIndemniteeisentitledunderanyprovisionofthisAgreementtoindemnificationbytheCompanyforsomeoraportionofanyexpensesorliabilitiesofanytypewhatsoever(including,butnotlimitedto,judgments,fines,ERISAexcisetaxesorpenaltiesandamountspaidinsettlement)incurredbyhimintheinvestigation,defense,settlementorappealofaproceedingbutisnotentitled,however,toindemnificationforallofthetotalamountthereof,thentheCompanyshallneverthelessindemnifytheIndemniteeforsuchtotalamountexceptastotheportionthereoftowhichtheIndemniteeisnotentitledtoindemnification.5.2Contribution.IftheIndemniteeisnotentitledtotheindemnificationprovidedinSection4foranyreasonotherthanthestatutorylimitationssetforthinthe_________(PLACENAME)GeneralCorporationLaw,theninrespectofanythreatened,pendingorcompletedproceedinginwhichtheCompanyisjointlyliablewiththeIndemnitee(orwouldbeifjoinedinsuchproceeding),theCompanyshallcontributetotheamountofexpenses(includingattorneys’fees),judgments,finesandamountspaidinsettlementactuallyandreasonablyincurredandpaidorpayablebytheIndemniteeinsuchproportionasisappropriatetoreflect(i)therelativebenefitsreceivedbytheCompanyontheonehandandtheIndemniteeontheotherhandfromthetransactionfromwhichsuchproceedingaroseand(ii)therelativefaultoftheCompanyontheonehandandoftheIndemniteeontheotherhandinconnectionwiththeeventswhichresultedinsuchexpenses,judgments,finesorsettlementamounts,aswellasanyotherrelevantequitableconsiderations.TherelativefaultoftheCompanyontheonehandandoftheIndemniteeontheotherhandshallbedeterminedbyreferenceto,amongotherthings,theparties’relativeintent,knowledge,accesstoinformationandopportunitytocorrectorpreventthecircumstancesresultinginsuchexpenses,judgments,finesorsettlementamounts.TheCompanyagreesthatitwouldnotbejustandequitableifcontributionpursuanttothisSection5weredeterminedbyprorataallocationoranyothermethodofallocationwhichdoesnottakeaccountoftheforegoingequitableconsiderations.6.MANDATORYADVANCEMENTOFEXPENSES.6.1Advancement.SubjecttoSection9below,theCompanyshalladvanceallexpensesincurredbytheIndemniteeinconnectionwiththeinvestigation,defense,settlementorappealofanyproceedingtowhichtheIndemniteeisapartyoristhreatenedtobemadeapartybyreasonofthefactthattheIndemniteeisorwasanagentoftheCompanyorbyreasonofanythingdoneornotdonebyhiminanysuchcapacity.TheIndemniteeherebyundertakestopromptlyrepaysuchamountsadvancedonlyif,andtotheextentthat,itshallultimatelybedeterminedthattheIndemniteeisnotentitledtobeindemnifiedbytheCompanyundertheprovisionsofthisAgreement,theCertificateofIncorporationorBylawsoftheCompany,theGeneralCorporationLawof_________(PLACENAME)orotherwise.TheadvancestobemadehereundershallbepaidbytheCompanytotheIndemniteewithin_________(_________)daysfollowingdeliveryofawrittenrequestthereforbytheIndemniteetotheCompany.6.2Exception.NotwithstandingtheforegoingprovisionsofthisSection6,theCompanyshallnotbeobligatedtoadvanceanyexpensestotheIndemniteearisingfromalawsuitfileddirectlybytheCompanyagainsttheIndemniteeifanabsolutemajorityofthemembersoftheBoardreasonablydeterminesingoodfaith,within_________(_________)daysoftheIndemnitee’srequesttobeadvancedexpenses,thatthefactsknowntothematthetimesuchdeterminationismadedemonstrateclearlyandconvincinglythattheIndemniteeactedinbadfaith.Ifsuchadeterminationismade,theIndemniteemayhavesuchdecisionreviewedbyanotherforum,inthemannersetforthinSections8.3,8.4and8.5hereof,withallreferencesthereintoindemnificationbeingdeemedtorefertoadvancementofexpenses,andtheburdenofproofshallbeontheCompanytodemonstrateclearlyandconvincinglythat,basedonthefactsknownatthetime,theIndemniteeactedinbadfaith.TheCompanymaynotavailitselfofthisSection6.2astoagivenlawsuitif,atanytimeaftertheoccurrenceoftheactivitiesorIndemnityAgreementomissionsthataretheprimaryfocusofthelawsuit,theCompanyhasundergoneachangeincontrol.Forthispurpose,achangeincontrolshallmeanagivenpersonorgroupofaffiliatedpersonsorgroupsincreasingtheirbeneficialownershipinterestintheCompanybyatleast_________(_________)percentagepointswithoutadvanceBoardapproval.7.NOTICEANDOTHERINDEMNIFICATIONPROCEDURES.7.1PromptlyafterreceiptbytheIndemniteeofnoticeofthecommencementoforthethreatofcommencementofanyproceeding,theIndemniteeshall,iftheIndemniteebelievesthatindemnificationwithrespecttheretomaybesoughtfromtheCompanyunderthisAgreement,notifytheCompanyofthecommencementorthreatofcommencementthereof.7.2If,atthetimeofthereceiptofanoticeofthecommencementofaproceedingpursuanttoSection7.1hereof,theCompanyhasDOInsuranceineffect,theCompanyshallgivepromptnoticeofthecommencementofsuchproceedingtotheinsurersinaccordancewiththeproceduressetforthintherespectivepolicies.TheCompanyshallthereaftertakeallnecessaryordesirableactiontocausesuchinsurerstopay,onbehalfoftheIndemnitee,allamountspayableasaresultofsuchproceedinginaccordancewiththetermsofsuchDOInsurancepolicies.7.3IntheeventtheCompanyshallbeobligatedtoadvancetheexpensesforanyproceedingagainsttheIndemnitee,theCompany,ifappropriate,shallbeentitledtoassumethedefenseofsuchproceeding,withcounselapprovedbytheIndemnitee(whichapprovalshallnotbeunreasonablywithheld),uponthedeliverytotheIndemniteeofwrittennoticeofitselectiontodoso.Afterdeliveryofsuchnotice,approvalofsuchcounselbytheIndemniteeandtheretentionofsuchcounselbytheCompany,theCompanywillnotbeliabletotheIndemniteeunderthisAgreementforanyfeesofcounselsubsequentlyincurredbytheIndemniteewithrespecttothesameproceeding,providedthat:(a)theIndemniteeshallhavetherighttoemployhisowncounselinanysuchproceedingattheIndemnitee’sexpense;(b)theIndemniteeshallhavetherighttoemployhisowncounselinconnectionwithanysuchproceeding,attheexpenseoftheCompany,ifsuchcounselservesinareview,observer,adviceandcounselingcapacityanddoesnototherwisemateriallycontrolorparticipateinthedefenseofsuchproceeding;(c)if(i)theemploymentofcounselbytheIndemniteehasbeenpreviouslyauthorizedbytheCompany,(ii)theIndemniteeshallhavereasonablyconcludedthattheremaybeaconflictofinterestbetweentheCompanyandtheIndemniteeintheconductofanysuchdefenseor(iii)theCompanyshallnot,infact,haveemployedcounseltoassumethedefenseofsuchproceeding,thenthefeesandexpensesoftheIndemnitee’scounselshallbeattheexpenseoftheCompany.8.DETERMINATIONOFRIGHTTOINDEMNIFICATION.8.1TotheextenttheIndemniteehasbeensuccessfulonthemeritsorotherwiseindefenseofanyproceedingreferredtoinSection4.1or4.2ofthisAgreementorinthedefenseofanyclaim,issueormatterdescribedtherein,theCompanyshallindemnifytheIndemniteeagainstexpensesactuallyandreasonablyincurredbyhiminconnectionwiththeIndemnityAgreementinvestigation,defenseorappealofsuchproceeding,orsuchclaim,issueormatter,asthecasemaybe.8.2IntheeventthatSection8.1isinapplicable,ordoesnotapplytotheentireproceeding,theCompanyshallnonethelessindemnifytheIndemniteeunlesstheCompanyshallprovebyclearandconvincingevidencetoaforumlistedinSection8.3belowthattheIndemniteehasnotmettheapplicablestandardofconductrequiredtoentitletheIndemniteetosuchindemnification.8.3TheIndemniteeshallbeentitledtoselecttheforuminwhichthevalidityoftheCompany’sclaimunderSection8.2hereofthattheIndemniteeisnotentitledtoindemnificationwillbeheardfromamongthefollowing,exceptthattheIndemniteecanselectaforumconsistingofthestockholdersoftheCompanyonlywiththeapprovaloftheCompany:(a)AquorumoftheBoardconsistingofdirectorswhoarenotpartiestotheproceedingforwhichindemnificationisbeingsought;(b)ThestockholdersoftheCompany;(c)LegalcounselmutuallyagreeduponbytheIndemniteeandtheBoard,whichcounselshallmakesuchdeterminationinawrittenopinion;(d)Apanelofthreearbitrators,oneofwhomisselectedbytheCompany,anotherofwhomisselectedbytheIndemniteeandthelastofwhomisselectedbythefirsttwoarbitratorssoselected;or(e)TheCourtofChanceryof_________(PLACENAME)orothercourthavingjurisdictionofsubjectmatterandtheparties.8.4Assoonaspracticable,andinnoeventlaterthan_________(_________)daysaftertheforumhasbeenselectedpursuanttoSection8.3above,theCompanyshall,atitsownexpense,submittotheselectedforumitsclaimthattheIndemniteeisnotentitledtoindemnification,andtheCompanyshallactintheutmostgoodfaithtoassuretheIndemniteeacompleteopportunitytodefendagainstsuchclaim.8.5IftheforumselectedinaccordancewithSection8.3hereofisnotacourt,thenafterthefinaldecisionofsuchforumisrendered,theCompanyortheIndemniteeshallhavetherighttoapplytotheCourtofChanceryof_________(PLACENAME),thecourtinwhichtheproceedinggivingrisetotheIndemnitee’sclaimforindemnificationisorwaspendingoranyothercourtofcompetentjurisdiction,forthepurposeofappealingthedecisionofsuchforum,providedthatsuchrightisexecutedwithin_________(_________)daysafterthefinaldecisionofsuchforumisrendered.IftheforumselectedinaccordancewithSection8.3hereofisacourt,thentherightsoftheCompanyortheIndemniteetoappealanydecisionofsuchcourtshallbegovernedbytheapplicablelawsandrulesgoverningappealsofthedecisionofsuchcourt.8.6NotwithstandinganyotherprovisioninthisAgreementtothecontrary,theCompanyshallindemnifytheIndemniteeagainstallexpensesincurredbytheIndemniteeinconnectionwithanyhearingorproceedingunderthisSection8involvingtheIndemniteeandagainstallexpensesincurredbytheIndemniteeinconnectionwithanyotherproceedingbetweentheCompanyandtheIndemniteeinvolvingtheinterpretationorenforcementoftherightsoftheIndemniteeunderthisAgreementunlessacourtofcompetentjurisdictionfindsthateachofthematerialclaimsand/ordefensesoftheIndemniteeinanysuchproceedingwasfrivolousornotmadeingoodfaith.9.EXCEPTIONS.Anyotherprovisionhereintothecontrarynotwithstanding,theCompanyshallnotbeobligatedpursuanttothetermsofthisAgreement:9.1ClaimsInitiatedbyIndemnitee.ToindemnifyoradvanceexpensestotheIndemniteewithrespecttoproceedingsorclaimsinitiatedorbroughtvoluntarilybytheIndemniteeandnotbywayofdefense,exceptwithrespecttoproceedingsspecificallyauthorizedbytheBoardorbroughttoestablishorenforcearighttoindemnificationand/oradvancementofexpensesarisingunderthisAgreement,thecharterdocumentsoftheCompanyoranysubsidiaryoranystatuteorlaworotherwise,butsuchindemnificationoradvancementofexpensesmaybeprovidedbytheCompanyinspecificcasesiftheBoardfindsittobeappropriate;or9.2UnauthorizedSettlements.ToindemnifytheIndemniteehereunderforanyamountspaidinsettlementofaproceedingunlesstheCompanyconsentsinadvanceinwritingtosuchsettlement,whichconsentshallnotbeunreasonablywithheld;or9.3SecuritiesLawActions.ToindemnifytheIndemniteeonaccountofanysuitinwhichjudgmentisrenderedagainsttheIndemniteeforanaccountingofprofitsmadefromthepurchaseorsalebytheIndemniteeofsecuritiesoftheCompanypursuanttotheprovisionsofSectionl6(b)oftheSecuritiesExchangeActof1934andamendmentstheretoorsimilarprovisionsofanyfederal,stateorlocalstatutorylaw;or9.4UnlawfulIndemnification.ToindemnifytheIndemniteeifafinaldecisionbyacourthavingjurisdictioninthemattershalldeterminethatsuchindemnificationisnotlawful.Inthisrespect,theCompanyandtheIndemniteehavebeenadvisedthattheSecuritiesandExchangeCommissiontakesthepositionthatindemnificationforliabilitiesarisingunderthefederalsecuritieslawsisagainstpublicpolicyandis,therefore,unenforceableandthatclaimsforindemnificationshouldbesubmittedtoappropriatecourtsforadjudication.10.NON-EXCLUSIVITY.TheprovisionsforindemnificationandadvancementofexpensessetforthinthisAgreementshallnotbedeemedexclusiveofanyotherrightswhichtheIndemniteemayhaveunderanyprovisionoflaw,theCompany’sCertificateofIncorporationorBylaws,thevoteoftheCompany’sstockholdersordisinteresteddirectors,otheragreementsorotherwise,bothastoactionintheIndemnitee’sofficialcapacityandtoactioninanothercapacitywhileoccupyinghispositionasanagentoftheCompany,andtheIndemnitee’srightshereundershallcontinueaftertheIndemniteehasceasedactingasanagentoftheCompanyandshallinuretothebenefitoftheheirs,executorsandadministratorsoftheIndemnitee.11.GENERALPROVISIONS11.1InterpretationofAgreement.ItisunderstoodthatthepartiesheretointendthisAgreementtobeinterpretedandenforcedsoastoprovideindemnificationandadvancementofexpensestotheIndemniteetothefullestextentnoworhereafterpermittedbylaw,exceptasexpresslylimitedherein.11.2Severability.IfanyprovisionorprovisionsofthisAgreementshallbeheldtobeinvalid,illegalorunenforceableforanyreasonwhatsoever,then:(a)thevalidity,legalityandenforceabilityoftheremainingprovisionsofthisAgreement(including,withoutlimitation,allportionsofanyparagraphsofthisAgreementcontaininganysuchprovisionheldtobeinvalid,illegalorunenforceablethatarenotthemselvesinvalid,illegalorunenforceable)shallnotinanywaybeaffectedorimpairedthereby;and(b)tothefullestextentpossible,theprovisionsofthisAgreement(including,withoutlimitation,allportionsofanyparagraphsofthisAgreementcontaininganysuchprovisionheldtobeinvalid,illegalorunenforceable,thatarenotthemselvesinvalid,illegalorunenforceable)shallbeconstruedsoastogiveeffecttotheintentmanifestedbytheprovisionheldinvalid,illegalorunenforceableandtogiveeffecttoSection11.1hereof.11.3ModificationandWaiver.Nosupplement,modificationoramendmentofthisAgreementshallbebindingunlessexecutedinwritingbybothofthepar