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Document Preview Indemnification Agreement |
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Title: |
Indemnification Agreement |
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Entities: |
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Date: |
2004 |
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Size: |
Preview shows 5KB of 38KB total |
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Price: |
$47 |
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ID: |
#1565515 |
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PEOPLESUPPORT, INC.
INDEMNIFICATION AGREEMENT
This Indemnification Agreement (the "Agreement") is entered into as of ,
200__ (the "Effective Date"), by and between PEOPLESUPPORT, INC., a Delaware
corporation (the "Corporation"), and _____________ ("Indemnitee").
RECITALS
A. Indemnitee is either a member of the board of directors of the
Corporation (the "Board of Directors") or an officer of the Corporation, or
both, and in such capacity or capacities, or otherwise as an Agent (as
hereinafter defined) of the Corporation, is performing a valuable service for
the Corporation.
B. Indemnitee is willing to serve, continue to serve and to take on
additional service for or on behalf of the Corporation on the condition that he
or she be indemnified as herein provided.
C. It is intended that Indemnitee shall be paid promptly by the
Corporation all amounts necessary to effectuate in full the indemnity provided
herein.
NOW, THEREFORE, in consideration of the premises and the covenants in
this Agreement, and of Indemnitee continuing to serve the Corporation as an
Agent and intending to be legally bound hereby, the parties hereto agree as
follows:
1. Services by Indemnitee. Indemnitee agrees to serve (a) as a director
or an officer of the Corporation, or both, so long as Indemnitee is duly
appointed or elected and qualified in accordance with the applicable provisions
of the Certificate of Incorporation and bylaws of the Corporation, and until
such time as Indemnitee resigns or fails to stand for election or is removed
from Indemnitee's position, or (b) otherwise as an Agent of the Corporation.
Indemnitee may from time to time also perform other services at the request or
for the convenience of, or otherwise benefiting, the Corporation. Indemnitee may
at any time and for any reason resign or be removed from such position (subject
to any other contractual obligation or other obligation imposed by operation of
law), in which event the Corporation shall have no obligation under this
Agreement to continue Indemnitee in any such position.
2. Indemnification. Subject to the limitations set forth herein and in
Section 6 hereof, the Corporation hereby agrees to indemnify Indemnitee as
follows:
The Corporation shall, with respect to any Proceeding (as hereinafter
defined) associated with Indemnitee's being an Agent of the Corporation,
indemnify Indemnitee to the fullest extent permitted by applicable law and the
Certificate of Incorporation and Bylaws of the Corporation in effect on the date
hereof or as such law or Certificate of Incorporation or Bylaws may from time to
time be amended (but, in the case of any such amendment, only to the extent such
amendment permits the Corporation to provide broader indemnification rights than
the law or
-1-
Certificate of Incorporation or Bylaws permitted the Corporation to provide
before such amendment). The right to indemnification conferred herein and in the
Certificate of Incorporation and Bylaws shall be presumed to have been relied
upon by Indemnitee in serving or continuing to serve the Corporation as an Agent
and shall be enforceable as a contract right. Without in any way diminishing the
scope of the indemnification provided by this Section 2, the Corporation will
indemnify Indemnitee to the full extent permitted by law with respect to any
Proceeding associated with Indemnitee's being an Agent of the Corporation,
including any Proceeding brought by or in the right of the Corporation, by
reason of the fact that Indemnitee is or was an Agent or by reason of anything
done or not done by Indemnitee in such capacity, against Expenses (as
hereinafter defined) and Liabilities (as hereinafter defined) actually and
reasonably incurred by Indemnitee or on his or her behalf in connection with the
investigation, defense, settlement or appeal of such Proceeding. In addition to,
and not as a limitation of, the foregoing, the rights of indemnification of
Indemnitee provided under this Agreement shall include those rights set forth in
Sections 3 and 8 below. Notwithstanding the foregoing, the Corporation shall be
required to indemnify Indemnitee in connection with a Proceeding commenced by
Indemnitee (other than a Proceeding commenced by Indemnitee to enforce
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