Indemnification Agreement for Directors

About this template:

This is an executive protection agreement template that can be used for a change in control of a company. You may also find other compensation and benefits related document templates to use here https://www.templateguru.co.za/documents/compensation-benefits/ and other Human Resources templates here https://www.templateguru.co.za/templates/finance-accounting/

Excerpt:

IN CONSIDERATION of the foregoing and of other valuable consideration the [YOUR COMPANY NAME] agrees to indemnify the Individual to the full extent permitted by South African law from all Liabilities arising from (i) anything the Individual does permits to be done or fails to do as a director or an officer of the [YOUR COMPANY NAME] or both or (ii) the Individual being a director or an officer of the [YOUR COMPANY NAME] or both.

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