Company: VRE
Filing Date: 2025-03-03
Form Type: S-3ASR
Source: 0001104659-25-019837
Chunk: 21

Company: Veris Residential, Inc.
Filing Date: 2025-03-03
Form: S-3ASR
Chunk 21
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 for a judgment of liability
on the basis that personal benefit was improperly received, unless, in either case, a court orders indemnification, and then only for
expenses.

In addition to the circumstances in which Maryland
law permits a corporation to indemnify its directors and officers, Maryland law requires that unless limited by the charter of the corporation,
a director or officer who has been successful on the merits or otherwise in the defense of any proceeding or in the defense of any claim,
issue or matter in a proceeding, to which he is made a party by reason of his services as a director or officer, shall be indemnified
against reasonable expenses incurred by him in connection with the proceeding, claim, issue or matter in which the director or officer
has been successful. Our charter does not alter this requirement.

We also maintain a policy of directors and officers
liability insurance covering certain liabilities incurred by our directors and officers in connection with the performance of their duties.

The above indemnification provisions could operate
to indemnify directors, officers or other persons who exert control over us against liabilities arising under the Securities Act. Insofar
as the above provisions may allow that type of indemnification, the Securities and Exchange Commission has informed us that, in their
opinion, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.

Amendment of Charter and Bylaws

Our charter may generally be amended only if such
amendment is declared advisable by our board of directors and approved by our stockholders by the affirmative vote of at least a majority
of all votes entitled to be cast by our stockholders on the amendment. However, any amendment to the provisions in our charter relating
to the removal of directors requires approval by our stockholders by the affirmative vote of not less than two-thirds of all votes entitled
to be cast.

Our board of directors has the power to adopt,
alter or repeal any provision of our bylaws and to make new bylaws. In addition, our stockholders may alter or repeal any provision of
our bylaws and adopt new bylaws if any such alternation, repeal or adoption is approved by the affirmative vote of a majority of all votes
entitled to be cast by our stockholders on the matter, except that our stockholders do not have the power to alter or repeal the provisions
of our bylaws relating to indemnification of our directors and officers or the provisions of our bylaws relating to amendments thereto
without the approval of our board of directors