§ 2502.10 Purpose
§ 2502.20 Applicability
§ 2502.30 Definitions
§ 2502.40 Under what circumstances may AmeriCorps indemnify employees?
§ 2502.50 At what point in a legal proceeding will AmeriCorps consider a request to indemnify the employee?
§ 2502.60 What types of legal proceedings may an AmeriCorps employee seek indemnification or settlement for?
§ 2502.70 What must an AmeriCorps employee do if served with process or pleadings that includes a covered claim?
§ 2502.80 What may the General Counsel do upon receipt of the process and pleadings and report of circumstances?
§ 2502.90 How may an AmeriCorps employee request indemnification?
§ 2502.100 v2 How will AmeriCorps handle the request for indemnification?

Terms Used In 45 CFR Part 2502 - Employee Indemnification Regulations

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • 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
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • 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.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Verdict: The decision of a petit jury or a judge.