Indemnification Agreement For Officers And Directors Template for Pakistan

1. Directors' and Officers' Liability Insurance: Coordination with D&O insurance policies, used when the company maintains such insurance

2. Special Positions: Additional provisions for specific roles (e.g., committee members, subsidiary boards), used when the individual serves in multiple capacities

3. Change in Control: Special provisions applying in case of company ownership changes, relevant for listed companies or those likely to undergo ownership changes

4. Severability: Provisions for maintaining validity of remaining terms if some are found invalid, particularly important in complex regulatory environments

5. Corporate Authorization: Specific authorization details, important for listed companies or where special board approval is required

6. International Coverage: Provisions for cross-border protection, relevant when the director/officer operates internationally

1. Schedule 1: Position Details: Current positions held by the indemnitee in the company and related entities

2. Schedule 2: Specific Excluded Events: List of any specifically excluded events or circumstances from indemnification coverage

3. Schedule 3: Insurance Details: Details of existing D&O insurance policies and coverage (if applicable)

4. Appendix A: Form of Indemnification Claim: Standard form for making indemnification claims

5. Appendix B: Undertaking Form: Standard form of undertaking for expense advancement