Twitter's Agreements With Their Executives: What the Company Promised Them

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The preamble to each Agreement provides that its purpose is to afford indemnification and advancement rights to the fullest extent permitted by applicable law

PARAG AGRAWAL VIJAYA GADDE, and NED SEGAL v. Twitter Court Filing, retrieved on April 10, 2023, is part of . You can jump to any part in this filing . This is part 5 of 38. HackerNoon’s Legal PDF Series here The Indemnification Agreements Require Advancement and Indemnification 22. To maintain Plaintiffs services as officers of Twitter, the Company entered into the Agreements with Plaintiffs. See supra n.1.

It states in part: Notwithstanding any other provision of this Agreement, the Company shall advance all Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee's Corporate Status within thirty days after the receipt by the Company of a statement or statements from Indemnitee requesting such advance or advances from time to time prior to final disposition of such Proceeding.

 

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