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TXCC > SEC Filings for TXCC > Form 8-K on 9-Apr-2009All Recent SEC Filings

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Form 8-K for TRANSWITCH CORP /DE


9-Apr-2009

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01 Entry Into a Material Definitive Agreement.

On April 3, 2009, TranSwitch Corporation (the "Company") entered into indemnification agreements (the "Indemnification Agreements") with each of the Company's directors.

The Indemnification Agreements supplement existing indemnification provisions of the Company's Amended and Restated Certificate of Incorporation, as amended, and, in general, provide for indemnification to the maximum extent permitted by Delaware law, subject to the exceptions, terms and conditions provided in the Indemnification Agreements. The Indemnification Agreements also provide that the Company will advance to the indemnified person, if requested by an indemnified person, expenses incurred in connection with any proceeding arising out of such indemnified person's service to the Company, subject to reimbursement by the indemnified person should a final judicial determination be made that indemnification is not available under applicable law, and that the Company may purchase and maintain insurance against any liability asserted against, and incurred by, the indemnified person arising out of their service to the Company, if such insurance is available on commercially reasonable terms.

The foregoing description of the Indemnification Agreements does not purport to be complete and is qualified in its entirety by reference to the form of Indemnification Agreement, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are filed herewith:

Exhibit
Number     Description
10.1       Form of Director Indemnification Agreement including list of
           directors to whom provided.


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