Indemnity Agreement損失補償合同-7

-14-IndemnityAgreement損失補償合同核心提示：ThisIndemnityAgreement(thisAgreement),datedasof_________,_________,_________(M,D,Y),ismadebyandbetweenAAA,Inc.,a_________(Address)corporation(theCompany),and_________,adirectorand/orofficeroftheCompany(theIndemnitee).ThisIndemnityAgreement(thisAgreement),datedasof_________,_________,_________(M,D,Y),ismadebyandbetweenAAA,Inc.,a_________(Address)corporation(theCompany),and_________,adirectorand/orofficeroftheCompany(theIndemnitee).RECITALSA.TheCompanyisawarethatcompetentandexperiencedpersonsareincreasinglyreluctanttoserveasdirectorsorofficersofcorporationsunlesstheyareprotectedbycomprehensiveliabilityinsuranceand/orindemnification,duetoincreasedexposuretolitigationcostsandrisksresultingfromtheirservicetosuchcorporations,andduetothefactthattheexposurefrequentlybearsnoreasonablerelationshiptothecompensationofsuchdirectorsandofficers;B.Basedupontheirexperienceasbusinessmanagers,theBoardofDirectorsoftheCompany(theBoard)hasconcludedthat,toretainandattracttalentedandexperiencedindividualstoserveasofficersanddirectorsoftheCompany,andtoencouragesuchindividualstotakethebusinessrisksnecessaryforthesuccessoftheCompany,itisnecessaryfortheCompanycontractuallytoindemnifyofficersanddirectorsandtoassumeforitselfmaximumliabilityforexpensesanddamagesinconnectionwithclaimsagainstsuchofficersanddirectorsinconnectionwiththeirservicetotheCompany;C.Section145oftheGeneralCorporationLawoftheStateof_________(Address),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,ortorepresenttheinterestoftheCompanyorasubsidiaryoftheCompanyasadirectororofficerofanotherforeignordomesticcorporation,partnership,jointventure,trustorotherenterpriseoranaffiliateoftheCompany;orwasadirectororofficerofaforeignordomesticcorporationwhichwasapredecessorcorporationoftheCompany,including,withoutlimitation,AAA,Inc.,a_________(Address)limitedliabilitycorporation,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,subsidiarymeansanycorporationofwhichmorethan50%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_________(Address)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_________(Address)orotherwise.TheadvancestobemadehereundershallbepaidbytheCompanytotheIndemniteewithinthirty(30)daysfollowingdeliveryofawrittenrequestthereforbytheIndemniteetotheCompany.6.2Exception.NotwithstandingtheforegoingprovisionsofthisSect