Company: HEI-A
Filing Date: 2025-04-17
Form Type: S-8
Source: 0001213900-25-032974
Chunk: 4

Company: HEICO CORP
Filing Date: 2025-04-17
Form: S-8
Chunk 4
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 indemnify an individual who is or was a director or officer who was
wholly successful, on the merits or otherwise, in the defense of any proceeding to which the individual was a party because he or she
is or was a director or officer of the corporation against expenses incurred by the individual in connection with the proceeding. Further,
under Section 607.0853 of the Florida Business Corporation Act, a corporation may, before final disposition of a proceeding, advance funds
to pay for or reimburse expenses incurred in connection with the proceeding if the director or officer delivers to the corporation a signed
written undertaking of the director or officer to repay any funds advanced if: (a) the director or officer is not entitled to mandatory
indemnification under Section 607.0852; and (b) it is ultimately determined that the director or officer has not met the relevant standard
of conduct described in Section 607.0851 or the director or officer is not entitled to indemnification under Section 607.0859 (as described
below).

Under Section 607.0858 of the Florida Business Corporation Act, the
indemnification provided pursuant to Sections 607.0851 and 607.0852 and the advancement of expenses provided pursuant to Section 607.0853
of the Florida Business Corporation Act are not exclusive, and a corporation may by a provision in its articles of incorporation, bylaws,
or any agreement, by vote of shareholders or disinterested directors, or otherwise, obligate itself in advance of the act or omission
giving rise to a proceeding to provide any other or further indemnification or advancement of expenses to any of its directors or officers.
However, under Section 607.0859, indemnification or advancement of expenses may not be made to or on behalf of any director or officer
if a judgment or other final adjudication establishes that his or her actions, or omissions to act, were material to the cause of action
so adjudicated and constitute: (a) willful or intentional misconduct or a conscious disregard for the best interests of the corporation
in a proceeding by or in the right of the corporation to procure a judgment in its favor or in a proceeding by or in the right of a shareholder;
(b) a transaction in which the director or officer derived an improper personal benefit; (c) a violation of the criminal law, unless the
director or officer had reasonable cause to believe his or her conduct was lawful or had no reasonable cause to believe his or her conduct