Director/Officer Indemnification

This article describes the director and officer indemnification documents and how you can access them on Savvi.

Companies will typically want to indemnify officers and directors against personal legal liability for their actions. Indemnification provisions are typically inserted in a company's charter and bylaws to be very clear that directors and officers have the right to be indemnified for their services to the company. Additionally, a company will often enter into an indemnification agreement with officers and directors to ensure that the company is contractually obligated to indemnify directors and officers and to make clear that the company will cover the legal fees and any possible incurred liability. Some state laws may limit the applicability of indemnification obligations.

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