other material
confidence high
sentiment neutral
materiality 0.20
Nakamoto adopts revised D&O indemnification agreements with expanded rights
Nakamoto Inc.
- New form supersedes previous indemnification agreements; covers all current directors and officers.
- Indemnification to fullest extent permitted by Delaware law for litigation arising from service to company.
- Expenses advanced within 30 days of written request; repayment required only if final adjudication denies entitlement.
- Presumption of entitlement to indemnification; company bears burden to overcome by clear and convincing evidence.
- After a change of control, independent counsel selected by indemnitee makes entitlement determinations.