The Nominee Director Indemnity Agreement is a crucial document in Pakistani corporate practice, typically used when individuals are appointed to serve as nominee directors on company boards. This arrangement is common in group structures, joint ventures, or when investors require board representation. The agreement provides comprehensive protection to nominee directors against personal liability arising from their role, excluding instances of willful misconduct or fraud. It aligns with the Companies Act 2017 and Pakistani corporate governance requirements, detailing the scope of indemnification, claim procedures, and mutual obligations. This document becomes particularly important given the increasing complexity of corporate governance requirements and the potential personal liability exposure of directors in Pakistan's legal framework.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the Company, the Nominee Director, and any other relevant parties (such as the appointing shareholder)
2. Background: Context of the appointment, relationship between parties, and purpose of the agreement
3. Definitions: Key terms used throughout the agreement including 'Indemnified Events', 'Losses', 'Claims', etc.
4. Appointment: Terms of appointment as nominee director and acknowledgment of the role
5. Scope of Indemnity: Detailed description of what events, actions, and circumstances are covered by the indemnity
6. Exclusions from Indemnity: Specific circumstances where indemnity will not apply (e.g., willful misconduct, fraud)
7. Procedure for Claims: Process for making indemnity claims and required notifications
8. Company's Obligations: Specific obligations of the company including maintaining insurance and advance payment of legal costs
9. Director's Obligations: Duties and responsibilities of the nominee director including cooperation in claims
10. Duration and Survival: Term of the agreement and provisions that survive termination
11. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes
12. General Provisions: Standard clauses including notices, amendments, assignment, and severability
1. Insurance: Detailed provisions about D&O insurance when the company maintains such coverage
2. Third Party Rights: Rights of other parties to claim under the agreement, relevant when multiple stakeholders are involved
3. Tax Indemnity: Specific tax-related indemnifications, useful when tax exposure is a particular concern
4. Confidentiality: Detailed confidentiality obligations, important when dealing with sensitive corporate information
5. Multiple Directorships: Additional provisions for nominee directors serving on multiple boards within a group
6. International Operations: Special provisions for companies operating across multiple jurisdictions
7. Regulatory Compliance: Specific provisions for regulated industries or listed companies
1. Schedule 1 - Board Positions: List of specific board and committee positions covered by the indemnity
2. Schedule 2 - Insurance Details: Details of existing D&O insurance policies and coverage
3. Schedule 3 - Group Companies: List of affiliated companies covered by the indemnity if applicable
4. Schedule 4 - Specific Duties: Detailed description of the nominee director's specific duties and responsibilities
5. Appendix A - Claim Notice Form: Template for submitting indemnity claims
6. Appendix B - Board Resolution: Copy of board resolution appointing the nominee director
7. Appendix C - Required Declarations: Statutory declarations and forms required under Pakistani law
Find the exact document you need
Company Director Employment Contract
A Pakistani law-governed employment agreement establishing terms and conditions for company directors, compliant with the Companies Act 2017 and related legislation.
Download
Agreement Between Directors Of A Company
A Pakistani law-governed agreement defining the relationship, rights, and obligations between company directors under the Companies Act 2017.
Download
Medical Director Contract Agreement
A Pakistan-law governed agreement establishing terms and conditions for Medical Director appointment, including duties, compensation, and professional requirements.
Download
Chief Executive Officer Employment Agreement
A Pakistani law-governed employment agreement establishing terms and conditions for a Chief Executive Officer, including duties, compensation, and obligations.
Download
Casting Director Agreement
A Pakistani law-governed agreement between a production entity and casting director, establishing terms for casting services and professional obligations.
Download
Nominee Director Indemnity Agreement
A Pakistani law-governed agreement providing indemnification protection to nominee directors serving on company boards.
Download
Director Confidentiality Agreement
A Pakistani law-governed agreement establishing confidentiality obligations for company directors, ensuring protection of sensitive corporate information.
Download
Independent Director Agreement
A Pakistani law-governed agreement establishing the appointment and terms of engagement for an Independent Director, compliant with Companies Act 2017 and SECP regulations.
Download
Director Employment Agreement
A Pakistani law-governed agreement establishing employment terms and conditions for a company director, compliant with the Companies Act 2017.
Download
Nominee Director Agreement
A Pakistani law-governed agreement establishing terms for nominee directorship appointments, compliant with Companies Act 2017 and SECP regulations.
Download
Non Executive Director Agreement
A Pakistani law-governed agreement establishing the appointment terms and conditions for a Non-Executive Director, ensuring compliance with local corporate regulations.
Download
Directors Service Agreement
A legally binding agreement under Pakistani law defining the terms of service between a company and its director, including duties, responsibilities, and remuneration.
Download
Director Employment Contract
A Pakistani law-governed employment agreement establishing terms and conditions for a director's appointment and duties within a company.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)