Common Contracts
1 similar Execution Version Indemnification Agreement contracts
ContractExecution Version Indemnification Agreement • May 5th, 2020 • Delaware
Execution Version INDEMNIFICATION AGREEMENT This Indemnification Agreement (“Agreement”) is made as of February 11, 2019 by and between ProPetro Holding Corp., a Delaware corporation (the “Company”), and the undersigned (“Indemnitee”). RECITALS WHEREAS, highly competent persons have become more reluctant to serve publicly-held corporations as directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the corporation; WHEREAS, the Board of Directors of the Company (the “Board”) has determined that, in order to attract and retain qualified individuals, the Company will maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving the Company and its subsidiaries from certain liabilities; WHEREAS, directors, officers, and other persons in service to corporations or b
