other material
confidence high
sentiment neutral
materiality 0.20
Fate Therapeutics adopts amended indemnification agreements for directors and officers
FATE THERAPEUTICS INC
- Board approved amended form of indemnification agreement effective August 26, 2024.
- Revised change-of-control definition and added coverage of separate counsel expenses in change of control.
- Advancement of defense expenses clarified to be irrespective of insurance coverage.
- Includes express presumption of good faith in favor of Indemnitee (burden on challenger).
- Indemnitee may seek specific performance without showing irreparable harm.