ContractDirector Indemnification Agreement Director Indemnification Agreement Director Indemnification Agreement • May 5th, 2020 • Tennessee
EX-10.5 8 directorindemagt.htm FORM OF DIRECTOR INDEMNIFICATION AGREEMENT DIRECTOR INDEMNIFICATION AGREEMENT DIRECTOR INDEMNIFICATION AGREEMENT (this "Agreement") dated as of December 4, 2006, by and between Direct General Corporation (the "Company"), a Tennessee corporation, and ____________________ ("Indemnitee"): WHEREAS, the Indemnitee is provided indemnification pursuant to the Tennessee Business Corporation Act and the Charter and Bylaws of the Company; WHEREAS, the Board of Directors of the Company (the "Board") has authorized entering into a Director Indemnification Agreement with each of the members of the Board; and WHEREAS, it is reasonable and prudent for the Company contractually to obligate itself to indemnify each member of the Board; NOW, THEREFORE, in consideration of the premises, the mutual agreements herein set forth below and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 1. Services b
