Undertaking of Indemnification - Director Template

This undertaking of indemnification - director template has 2 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our undertaking of indemnification - director template:

UNDERTAKING OF INDEMNIFICATION This Undertaking of Indeminification (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "First Party"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [DIRECTOR NAME] (the "Second Party"), an individual with his main address located at: [COMPLETE ADDRESS] For good and valuable consideration, the receipt and legal sufficiency of which are hereby expressly acknowledged, the parties hereto agree as follows: For good and valuable consideration received, [YOUR COMPANY NAME] ("the Indemnifier") agrees to hold [DIRECTOR NAME] "Director" harmless from and indemnify them against any and all liability arising from any decision or action taken by the Board of Directors of [YOUR COMPANY NAME] during the period in which they are or were Directors of the Corporation.