Indemnity of Resigning Director by Corporation

Do not resign from your position as director of a corporation without getting an Indemnity from the corporation.

• This generic legal form can be used in almost any jurisdiction.
• Under the terms of the indemnity, the corporation and its shareholders agree to indemnify and hold the director harmless against any claims, losses or damages arising as a result of having been a director.
• The corporation also indemnifies the departing director against any actions brought by the corporation to which the director would be a party by reason of having served on the Board.

Download this Indemnity of Resigning Director form and reduce your exposure to liability for performing your duties for the corporation.