Sample Indemnification Clause Employment Agreement

5. Compensation – A standard compensation, except that the promoter limits liability to charges of bodily harm or death and imposes several conditions on his obligation to compensate: (1) the proper performance of the study, (2) notification and (3) the right to control of the defence. The allowance also gives the university the right to choose its own board. 10. Compensation – This is a detailed and highly negotiated compensation that contains conditions that should only be accepted if the promoter insists on it. These conditions should be seen as examples of what is acceptable; However, everything in its power must be done to limit the number of conditions imposed. [13.3: This paragraph relating to sponsor`s insurance coverage may be added to any compensation.] (b) the company undertakes to obtain liability insurance for directors and executives, which covers management, and to continue and maintain this policy. The amount of coverage appropriately indicates the position and responsibility of the executive during the employment mandate, but under no circumstances should the amount of coverage be less than US$20 million in the sum, provided that the cost and availability of such insurance on the market is reasonable. B. With the exception of the “a” exemptions, all amendments or amendments to the protocol must have been approved by the proponent in writing; In order to maximize an executive`s compensation shield, the company`s obligation to compensate should be maintained after the departure of a company`s management. This requires the company to repay to management, even after the termination of the employment relationship, future claims on the previous work of management. If a complainant sues Company X and its entire management team, including Ellen Executive, for damages resulting from a data breach, one would expect Company X to offer a defence to the management team while it is employed in the company.

However, a compensation provision ensures that former executives are also protected. Therefore, if Ellen Executive has a compensation clause in her employment contract, resignation or retirement should not affect her ability to ask X to provide advice or pay her defence costs. Compensation is a legal concept contained in many contracts, in which one party agrees to compensate and defend the other party for damages or liabilities resulting from certain acts. Compensation clauses are a means of transferring financial liability by contract. When a compensation clause is triggered, the party who agrees to compensate (the compensation provider) the costs, expenses and costs incurred by the compensated (the exemption partner) will pay. [This compensation is for use in “off-label” (not authorized by the FDA). 11. Compensation — Two sampling clauses: 1) for use in “off-label” (use of drugs not authorized by the FDA) through clinical study agreements; 2) for use in on-label clinical trial agreements (FDA-authorized use of drugs). One of the ways in which a compensation plan can offer protection is to oppose the claims of an officer`s former employer. For example, Ed Executive is leaving Company 1 to join Company 2.

Ed Executive signs an employment contract with Company 2, which contains a compensation clause stipulating that 2 Ed Executive must compensate and defend claims, damages, legal fees and expenses related to Ed Executive`s obligations with Company 2. After Ed Executive began his work for Company 2, Company 1 sued him and claimed that his new job with Company 2 was contrary to various post-restrictive agreements included in his employment contract with Company 1. As Company 2 has accepted compensation from Ed Executive, Company 2 must pay all costs and costs incurred by Ed Executive to defend the rights of The Company 1. In addition, compensation allows a company to trust its management

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