Indemnification
Indemnification
- Indemnification refers to the reimbursement or financial protection that
a corporation provides to its directors, officers, and employees against
expenses and liabilities incurred by them in lawsuits alleging that they
breached some duty in their service to or on behalf of the corporation.
Disclaimer: The foregoing is intended to provide general information and may not be suitable in specific instances. The glossary information is not intended to be exhaustive, but rather to illustrate typical considerations. The material is provided with the understanding that it is not legal, accounting, tax or any other professional advice.
Disclaimer: The foregoing is intended to provide general information and may not be suitable in specific instances. The glossary information is not intended to be exhaustive, but rather to illustrate typical considerations. The material is provided with the understanding that it is not legal, accounting, tax or any other professional advice.
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