Form of Indemnity Agreement损失补偿合同

-20-FormofIndemnityAgreement损失补偿合同核心提示：ThefollowingpeoplewillexecuteIndemnityAgreementsinsubstantiallythesameformastheFormofIndemnityAgreementfiledherewith:1._________(Name);2._________(Name);3._________(Name);4._________(Name).;5._________(Name);6.________ThefollowingpeoplewillexecuteIndemnityAgreementsinsubstantiallythesameformastheFormofIndemnityAgreementfiledherewith:1._________(Name);2._________(Name);3._________(Name);4._________(Name).;5._________(Name);6._________(Name);7._________(Name).;8._________(Name);9._________(Name);and10._________(Name).FORMOFINDEMNITYAGREEMENTThisAgreementmadeandenteredintoasof_________,_________,_________(M,D,Y),byandbetweenAAA,Inc.,a_________(Placename)corporation(theCompany),and_________(Name)(Indemnitee),whoiscurrentlyservingtheCompanyinthecapacityofadirectorand/orofficerthereof;WITNESSETH:WHEREAS,theCompanyandIndemniteerecognizethattheinterpretationofambiguousstatutes,regulationsandcourtopinionsandoftheCertificateofIncorporationandBylawsoftheCompany,andthevagariesofpublicpolicy,aretoouncertaintoprovidethedirectorsandofficersoftheCompanywithadequateorreliableadvanceknowledgeorguidancewithrespecttothelegalrisksandpotentialliabilitiestowhichtheybecomepersonallyexposedasaresultofperformingtheirdutiesingoodfaithfortheCompany;andWHEREAS,theCompanyandtheIndemniteeareawarethathighlyexperiencedandcapablepersonsareoftenreluctanttoserveasdirectorsorofficersofacorporationunlesstheyareprotectedtothefullestextentpermittedbylawbycomprehensiveinsuranceorindemnification,especiallysincethelegalrisksandpotentialliabilities,andtheverythreatthereof,associatedwithlawsuitsfiledagainsttheofficersanddirectorsofacorporation,andtheresultantsubstantialtime,expense,harassment,ridicule,abuseandanxietyspentandenduredindefendingagainstsuchlawsuits,whetherornotmeritorious,bearnoreasonableorlogicalrelationshiptotheamountofcompensationreceivedbythedirectorsorofficersfromthecorporation;andWHEREAS,Section145oftheGeneralCorporationLawoftheStateof_________(Placename),whichsetsforthcertainprovisionsrelatingtothemandatoryandpermissiveindemnificationof,andadvancementofexpensesto,officersanddirectors(amongothers)ofa_________(Placename)corporationbysuchcorporation,isspecificallynotexclusiveofotherrightstowhichthoseindemnifiedthereundermaybeentitledunderanybylaw,agreement,voteofstockholdersordisinteresteddirectorsorotherwise,and,thus,doesnotbyitselflimittheextenttowhichtheCompanymayindemnifypersonsservingasitsofficersanddirectors(amongothers);andWHEREAS,afterdueconsiderationandinvestigationofthetermsandprovisionsofthisAgreementandthevariousotheroptionsavailabletotheCompanyandtheIndemniteeinlieuthereof,theboardofdirectorsoftheCompanyhasdeterminedthatthefollowingAgreementisnotonlyreasonableandprudentbutnecessarytopromoteandensurethebestinterestsoftheCompanyanditsstockholders;andWHEREAS,theCompanydesirestohaveIndemniteeserveorcontinuetoserveasanofficerand/ordirectoroftheCompany,freefromundueconcernforunpredictable,inappropriateorunreasonablelegalrisksandpersonalliabilitiesbyreasonofhisactingingoodfaithintheperformanceofhisdutytotheCompany;andIndemniteedesirestoserve,ortocontinuetoserve(providedthatheisfurnishedtheindemnityprovidedforhereinafter),ineitherorbothofsuchcapacities;NOW,THEREFORE,inconsiderationofthepremisesandthemutualagreementshereinsetforthandforothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,theCompanyandIndemnitee,intendingtobelegallybound,doherebyagreeasfollows:1.AgreementtoServe.Indemniteeagreestoserveorcontinuetoserveasdirectorand/orofficeroftheCompany,atthewilloftheCompanyorunderseparatecontract,ifsuchexists,forsolongasheisdulyelectedorappointedandqualifiedinaccordancewiththeprovisionsoftheBylawsoftheCompanyoruntilsuchtimeashetendershisresignationinwriting.2.Definitions.AsusedinthisAgreement:(a)ThetermProceedingshallmeananyaction,suitorproceeding,whethercivil,criminal,administrative,arbitrativeorinvestigative,anyappealinsuchanaction,suitorproceeding,andanyinquiryorinvestigationthatcouldleadtosuchanaction,suitorproceeding,exceptoneinitiatedbyIndemniteetoenforcehisrightsunderthisAgreement.(b)ThetermExpensesincludes,withoutlimitation,allreasonableattorneys’fees,retainers,courtcosts,transcriptcosts,feesofexperts,witnessfees,travelexpenses,duplicatingcosts,printingandbindingcosts,telephonecharges,postage,deliveryservicefeesandallotherdisbursementsorexpensesofthetypescustomarilyincurredinconnectionwithprosecuting,defending,preparingtoprosecuteordefend,investigating,orbeingorpreparingtobeawitnessinaProceeding.(c)Referencestootherenterpriseshallincludeemployeebenefitplans;referencestofinesshallincludeany(i)excisetaxesassessedwithrespecttoanyemployeebenefitplanand(ii)penalties;referencestoservingattherequestoftheCompanyshallincludeanyserviceasadirector,officer,employeeoragentoftheCompanywhichimposesdutieson,orinvolvesservicesby,suchdirector,officer,employeeoragentwithrespecttoanemployeebenefitplan,itsparticipantsorbeneficiaries;andapersonwhoactsingoodfaithandinamannerhereasonablybelievestobeintheinterestoftheparticipantsandbeneficiariesofanemployeebenefitplanshallbedeemedtohaveactedinamannernotopposedtothebestinterestsoftheCompanyasreferredtointhisAgreement.3.IndemnityinThirdPartyProceedings.TheCompanyshallindemnifyIndemniteeinaccordancewiththeprovisionsofthisSection3ifIndemniteeisapartytooristhreatenedtobemadeapartytoorotherwiseinvolvedinanythreatened,pendingorcompletedProceeding(otherthanaProceedingbyorintherightoftheCompanytoprocureajudgmentinitsfavor)byreasonofthefactthatIndemniteeisorwasadirectorand/orofficeroftheCompany,orisorwasservingattherequestoftheCompanyasadirector,officer,employeeoragentofanothercorporation,partnership,jointventure,trustorotherenterprise,againstallExpenses,judgments,finesandamountspaidinsettlementactuallyandreasonablyincurredbyIndemniteeinconnectionwithsuchProceeding,provideditisdeterminedpursuanttoSection7ofthisAgreementorbythecourthavingjurisdictioninthematter,thatIndemniteeactedingoodfaithandinamannerthathereasonablybelievedtobeinornotopposedtothebestinterestsoftheCompany,and,withrespecttoanycriminalProceeding,hadnoreasonablecausetobelievehisconductwasunlawful.TheterminationofanyProceedingbyjudgment,order,settlementorconviction,oruponapleaofnolocontendereoritsequivalent,shallnot,ofitself,createapresumptionthatIndemniteedidnotactingoodfaithandinamannerthathereasonablybelievedtobeinornotopposedtothebestinterestsoftheCompany,and,withrespecttoanycriminalProceeding,hadreasonablecausetobelievethathisconductwasunlawful.4.IndemnityinProceedingsByorIntheRightoftheCompany.TheCompanyshallindemnifyIndemniteeinaccordancewiththeprovisionsofthisSection4ifIndemniteeisapartytooristhreatenedtobemadeapartytoorotherwiseinvolvedinanythreatened,pendingorcompletedProceedingbyorintherightoftheCompanytoprocureajudgmentinitsfavorbyreasonofthefactthatIndemniteeisorwasadirectorand/orofficeroftheCompany,orisorwasservingattherequestoftheCompanyasadirector,officer,employeeoragentofanothercorporation,partnership,jointventure,trustorotherenterprise,againstallExpensesactuallyandreasonablyincurredbyIndemniteeinconnectionwiththedefense,settlementorotherdispositionofsuchProceeding,butonlyifheactedingoodfaithandinamannerthathereasonablybelievedtobeinornotopposedtothebestinterestsoftheCompany,exceptthatnoindemnificationshallbemadeunderthisSection4inrespectofanyclaim,issueormatterastowhichIndemniteeshallhavebeenadjudgedtobeliabletotheCompanyunlessandonlytotheextentthatthe_________(Placename)CourtofChanceryorthecourtinwhichsuchProceedingwasbroughtshalldetermineuponapplicationthat,despitetheadjudicationofliabilitybutinviewofallthecircumstancesofthecase,IndemniteeisfairlyandreasonablyentitledtoindemnityforsuchExpensesasthe_________(Placename)CourtofChanceryorsuchothercourtshalldeemproper.5.IndemnificationforExpensesofSuccessfulParty.NotwithstandinganyotherprovisionofthisAgreementtothecontrary,totheextentthatIndemniteehasbeensuccessfulonthemeritsorotherwiseindefenseofanyProceedingreferredtoinSections3and/or4ofthisAgreement,orindefenseofanyclaim,issueormattertherein,includingdismissalwithoutprejudice,IndemniteeshallbeindemnifiedagainstallExpensesactuallyandreasonablyincurredbyIndemniteeinconnectiontherewith.6.AdvancesofExpenses.TheExpensesincurredbyIndemniteepursuanttoSections3and/or4ofthisAgreementinconnectionwithanyProceedingshall,atthewrittenrequestoftheIndemnitee,bepaidbytheCompanyinadvanceofthefinaldispositionofsuchProceedinguponreceiptbytheCompanyofanundertakingbyoronbehalfofIndemnitee(Indemnitee’sUndertaking)torepaysuchamounttotheextentthatitisultimatelydeterminedthatIndemniteeisnotentitledtobeindemnifiedbytheCompany.TherequestforadvancementofExpensesbyIndemniteeandtheundertakingtorepayofIndemnitee,whichneednotbesecured,shallbesubstantiallyintheformofExhibitAtothisAgreement.7.RightofIndemniteetoIndemnificationorAdvancementofExpensesUponApplication;ProcedureUponApplication.(a)IfrequiredbythetermsofthisAgreement,indemnificationunderSections3and/or4ofthisAgreementshallbemadenolaterthan45daysafterreceiptbytheCompanyofthewrittenrequestofIndemnitee.Adeterminationshallbemadewithinsaid45-dayperiodby(i)amajorityvoteofthedirectorsoftheCompanywhoarenotpartiestotheinvolvedProceeding,eventhoughlessthanaquorum,or(ii)independentlegalcounselinawrittenopinion(whichcounselshallbeappointediftherearenosuchdirectorsorifsuchdirectorssodirect),astowhethertheIndemniteehasmettheapplicablestandardsforindemnificationsetforthinSection3or4,asthecasemaybe.(b)AnyadvancementofExpensesunderSection6ofthisAgreementshallbemadenolaterthan10daysafterreceiptbytheCompanyofIndemnitee’sUndertaking.(c)InanyactiontoestablishorenforcetherightofindemnificationortoreceiveadvancementofExpensesasprovidedinthisAgreement,theburdenofprovingthatindemnificationoradvancementofExpensesisnotappropriateshallbeontheCompany.NeitherthefailureoftheCompany(includingitsboardofdirectorsorindependentlegalcounsel)tohavemadeadeterminationpriortothecommencementofsuchactionthatindemnificationoradvancementofExpensesisproperinthecircumstancesbecauseIndemniteehasmettheapplicablestandardofconduct,noranactualdeterminationbytheCompany(includingitsboardofdirectorsorindependentlegalcounsel)thatIndemniteehasnotmetsuchapplicablestandardofconduct,shallbeadefensetotheactionorcreateapresumptionthatIndemniteehasnotmettheapplicablestandardofconduct.TheCompanyshallalsoindemnifyIndemniteeagainstallExpensesincurredbyIndemniteeinconnectionwithsuccessfullyestablishingorenforcinghisrightofindemnificationortoreceiveadvancementofExpenses,inwholeorinpart,underthisAgreement.8.IndemnificationandAdvancementofExpensesUnderthisAgreementNotExclusive.TherightsofindemnificationandtoreceiveadvancementofExpensesasprovidedbythisAgreementshallnotbedeemedexclusiveofanyotherrightstowhichIndemniteemaybeentitledundertheCertificateofIncorporationorBylawsoftheCompany,anyotheragreement,anyvoteofstockholdersordisinteresteddirectors,theGeneralCorporationLawoftheStateof_________(Placename),orotherwise,bothastoactioninhisofficialcapacityandastoactioninanothercapacitywhileholdingsuchoffice.9.PartialIndemnification.IfIndemniteeisentitledunderanyprovisionofthisAgreementtoindemnificationortoreceiveadvancementbytheCompanyforaportionoftheExpenses,judgments,finesoramountspaidinsettlementactuallyandreasonablyincurredbyIndemniteeintheinvestigation,defense,appeal,settlementorotherdispositionofanyProceedingbutnot,however,forthetotalamountthereof,theCompanyshallneverthelessindemnifyIndemniteefortheportionthereoftowhichIndemniteeisentitled.10.RightsContinued.TherightsofindemnificationandtoreceiveadvancementofExpensesasprovidedbythisAgreementshallcontinueastoIndemniteeeventhoughIndemniteemayhaveceasedtobeadirectororofficeroftheCompanyandshallinuretothebenefitofIndemnitee’spersonalorlegalrepresentatives,executors,administrators,successors,heirs,distributees,deviseesandlegatees.11.NoConstructionasanEmploymentAgreementorAnyOtherCommitment.NothingcontainedinthisAgreementshallbeconstruedasgivingIndemniteeanyrighttoberetainedintheemployoftheCompanyoranyofitssubsidiaries,ifIndemniteecurrentlyservesasanofficeroftheCompany,ortoberenominatedasadirectoroftheCompany,ifIndemniteecurrentlyservesasadirectoroftheCompany.12.LiabilityInsurance.TotheextenttheCompanymaintainsaninsurancepolicyorpoliciesprovidingdirectors’andofficers’liabilityinsurance,Indemniteeshallbecoveredbysuchpolicyorpoliciesinaccordancewithitsortheirterms,tothemaximumextentofthecoverageavailableforanydirectororofficeroftheCompanyundersuchpolicyorpolicies.13.NoDuplicationofPayments.TheCompanyshallnotbeliableunderthisAgreementtomakeanypaymentofamountsotherwiseindemnifiableunderthisAgreementif,andtotheextentthat,Indemniteehasotherwiseactuallyreceivedsuchpaymentunderanycontract,agreementorinsurancepolicy,theCertificateofIncorporationorBylawsoftheCompany,orotherwise.14.Subrogation.IntheeventofpaymentunderthisAgreement,theCompanyshallbesubrogatedtotheextentofsuchpaymenttoalltherightsofrecoveryofIndemnitee,whoshallexecuteallpapersrequiredandshalldoeverythingthatmaybenecessarytosecuresuchrights,includingwithoutlimitationtheexecutionofsuchdocumentsasmaybenecessarytoenabletheCompanyeffectivelytobringsuittoenforcesuchrights.15.Exceptions.NotwithstandinganyotherprovisioninthisAgreement,theCompanyshallnotbeobligatedpursuanttothetermsofthisAgreement,toindemnifyoradvanceExpensestoIndemniteewithrespecttoanyProceeding,oranyclaimtherein,(i)broughtormadebyIndemniteeagainsttheCompany,or(ii)inwhichfinaljudgmentisrenderedagainstIndemniteeforanaccountingofprofitsmadefromthepurchaseandsaleorthesaleandpurchasebyIndemniteeofsecuritiesoftheCompanypursuanttotheprovisionsofSection16(b)oftheSecuritiesExchangeActof1934,asamended,orsimilarprovisionsofanyfederal,stateorlocalstatute.16.Notices.AnynoticeorothercommunicationrequiredorpermittedtobegivenormadetotheCompanyorIndemniteepursuanttothisAgreementshallbegivenormadeinwritingbydepositingthesameintheUnitedStatesmail,withpostagethereonprepaid,addressedtothepersontowhomsuchnoticeorcommunicationisdirectedattheaddressofsuchpersonontherecordsoftheCompany,andsuchnoticeorcommunicationshallbedeemedgivenormadeatthetimewhenthesameshallbesodepositedin