Company: CRD-A
Filing Date: 2025-05-21
Form Type: S-8
Source: 0001104659-25-051539
Chunk: 3

Company: CRAWFORD & CO
Filing Date: 2025-05-21
Form: S-8
Chunk 3
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 case, such
person is fairly and reasonably entitled to indemnity for such expenses which the court shall deem proper. The Georgia Code also provides
that to the extent that a director or officer of a corporation has been wholly successful on the merits or otherwise in defense of any
action, suit, or proceeding referred to above, or in defense of any claim, issue or matter therein, he shall be indemnified against expenses
(including attorneys’ fees) actually and reasonably incurred by him in connection therewith. In addition, Section 14-2-202
of the Georgia Code permits a corporation to include in its articles of incorporation a provision eliminating or limiting the personal
liability of a director to the corporation or its shareholders for monetary damages, for breach of duty of care or other duty as a director,
except for (i) any appropriation, in violation of his duties, of any business opportunity of the corporation, (ii) acts or omissions
which involve intentional misconduct or a knowing violation of law, (iii) liability under Section 14-2-832 of the Georgia Code
(involving certain distributions), or (iv) any transaction from which the director received an improper personal benefit.

Charter Provisions

Article IV of the Company’s Articles
limits the personal liability of a director of the Company or its shareholders as provided in Section 14-2-832 of the Georgia Code,
which is described above.

By-laws Provisions

Article VI, Section 1, of the Company’s
By-laws provides that the Company shall indemnify any person who was or is a party or is threatened to be made a party to any threatened,
pending or completed action (other than an action by or in the right of the Company) by reason of the fact that he is or was a director,
officer, employee or agent of the Company or serving in any of such capacities at the Company’s request in another corporation,
partnership, joint venture, trust or other enterprise, against expenses (including court costs and attorneys’ fees), judgments,
fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, if he acted in good faith
and in a manner he reasonably believed to be in or not opposed to the best interests of the Company, and with respect to any criminal
action, if he had no reasonable cause to believe his conduct was unlawful.

Article VI, Section 2 of the Company’s
By-laws provides that the Company shall indemnify any person who was or