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Quotes & Info
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| INAP > SEC Filings for INAP > Form 8-K on 29-May-2009 | All Recent SEC Filings |
29-May-2009
Entry into a Material Definitive Agreement, Financial Statements a
On May 28, 2009, Internap Network Services Corporation (the "Company") entered into an Indemnity Agreement (the "Indemnity Agreement") with each of its current directors and executive officers. It is anticipated that future directors and executive officers would enter into an Indemnity Agreement with the Company in substantially similar form.
The form of Indemnity Agreement provides, among other things, that the Company will indemnify each director and executive officer, under the circumstances and to the extent provided for therein, for all expenses, judgments, fines, penalties and settlements he or she may be required to pay in actions or other proceedings to which he or she is or may be made a party by reason of his or her position as a director, officer or other agent of the Company, and otherwise to the fullest extent permitted under applicable law, and as a supplement to and in furtherance of rights to indemnification under applicable law and the Company's Certificate of Incorporation, as amended, and Amended and Restated Bylaws, each as further amended from time-to-time.
The form of Indemnity Agreement further provides for the advancement of expenses of each director and executive officer in connection with claims with respect to which such director or executive officer is or may be entitled to indemnification under the Indemnity Agreement. In addition, the Indemnity Agreement obligates the Company to maintain a policy of directors' and officers' liability insurance during such time as each director or executive officer serves as a director, officer or other agent of the Company.
The above description is qualified in its entirety by reference to the full text of the Indemnity Agreement, which is attached hereto as Exhibit 10.1
(d) Exhibits
The following exhibit is furnished with this Current Report on Form 8-K:
10.1 Form of Indemnity Agreement.
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