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...e comparable to the officers and directors of a corporation. The LLC agreement...ary E. Jacobson, JD can be reached at Vander Wel, Jacobson, Bishop & Magnusson...

... to the employee, inconsistent hiring and discipline practices, or the employer simply not knowing what the law requires. When employees or applicants have a dispute or complaint regarding their employment, they need to understand that procedures are in place to resolve those problems. Without an internal means of resolution, many employees will seek assistance outside the organization, and often that means an attorney. A well-designed employee handbook can be an effective tool in avoiding these all too common pitfalls. As a minimum, handbooks should include the following: The handbook ... Specific coverage for wrongful employment conduct can actually be purchased in a number of ways. The most common are individual stand-alone policies covering your liability for specifically enumerated wrongful practices. EPLI coverage can also be obtained by the attachment of riders or endorsements to other policies such as Directors & Officers policies and others. The benefit of purchasing coverage under a unitary contract, however, is that the coverage provided is usually broader and the limit of liability is not eroded by the payment of unrelated coverage. Endorsements to other kinds of policies ... only provide limited protection and often lack a duty to defend. But criticism of the stand-alone policy approach is that the coverage can be expensive and it may be difficult to purchase policy limits greater than $10 million. Yet another approach is to purchase coverage for defense expenses only. This approach has the benefit of protecting against the often enormous cost of defense but keeps the price down by precluding coverage for judgments and settlements. Duty to Defend The promise by the insurer to defend the insured is arguably one of the most desirable features ...

... next due to Seller hereunder. 3.6 Contingency Commissions. Any contingency or bonus commission earned by Seller attributable to sales completed on or before August 31, 20_ on the Accounts shall also belong to Buyer. 3.6.1 The only exception shall be the multi-peril contingency bonus from American International Insurance, which shall remain the property of and be paid to Seller. 3.7 Assumption of Liabilities. As part of the purchase of assets hereunder, Buyer shall assume and agree to pay according to their respective terms the outstanding obligations of Seller, including interest thereon ... Accounts, a copy of which is attached hereto as Exhibit I. 5.2.1 Seller shall deliver all of the Accounts and corresponding documentation within 24 hours after Closing. 5.2.2 Seller and Buyer shall each deliver to the other at Closing a copy of a resolution of its Board of Directors authorizing this transaction. 5.3 Adjustments. The parties recognize that there may be some overlooked or unclear technicalities that need to be cleared up after Closing, and they shall attempt to resolve those by mutual agreement; failing to do so, any such issues shall be ... not been rated yet. AGREEMENT FOR PURCHASE AND SALE by Gary Jacobson All Assets (Includes Trade Name Transfer) Comments This form involves a straightforward sale of all assets of a smaller incorporated agency with a single stockholder. Sale is to a larger incorporated agency with several offices; Buyer will consolidate the office of the acquired agency into that of the Buyer. A creative security arrangement is included, involving a security-escrowed broker-of-record letter as set forth in Exhibit G. AGREEMENT FOR PURCHASE AND SALE OF ABLE INSURANCE AGENCY Table of Contents Section/Paragraph ...

...outstanding loans to its agents, directors, stockholders, officers or employee...e numbering of the Sellers' warranties and representations in said section 3. ...

... ETC. 5.1 Objectives of buyers and sellers of agencies. In the typical s...t of a decedent, suffering both estate and income tax (with

...ontingency bonus from American International Insurance, which shall remain the...t need to be cleared up after Closing, and they shall attempt to resolve those...

...holder, a member of the board of directors, a trustee, or whatever else the la... Technological competitiveness and ability to supply new products demanded by the marketplace.

...sture applicable to Officers and Directors Operational continuity, financi...ers Protection for Officers and Directors from negligence litigation C...