45 CFR Part 1173 – Indemnification of Employees
Current as of: 2024 | Check for updates
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§ 1173.1 | Policy on employee indemnification |
Terms Used In 45 CFR Part 1173 - Indemnification of Employees
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Verdict: The decision of a petit jury or a judge.