Canada Corporate Indemnity of Directors and Officers

This Corporate Indemnity form for Canadian corporations indemnifies the directors and officers against claims or losses incurred as a result of acting as director or officer of the corporation.

• Sitting on the board of a corporation, non-profit or condominium can be a risky proposition these days, and directors don't want to leave themselves open to lawsuits because of actions they took on behalf of the company.
• Corporations should make it standard practice to indemnify every director and officer to protect them against liability.

Download the free Corporate Indemnity form or copy and paste the following text.

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TO: The Directors and Officers of [NAME OF CORPORATION] and their respective heirs and legal representatives

INSTRUMENT OF INDEMNITY

[NAME OF CORPORATION], (the "Corporation") does hereby indemnify each of you, to the full extent permitted by the _________________ [insert name of province, or if the corporation is federal, insert Canada] Business Corporations Act, against all costs, charges and expenses, including any amount paid to settle an action or satisfy a judgment, reasonably incurred by you in respect of any civil, criminal or administrative action or proceedings to which you have been made a party by reason of being or having been a Director or Officer of the Corporation.

DATED at ____________________, this ___ day of ___________, 20____.

[NAME OF CORPORATION]


By:_____________________________
Signature of Signing Officer


________________________________
Name and Title