Company: CNLHP
Filing Date: 2025-04-03
Form Type: S-3ASR
Source: 0001104659-25-031685
Chunk: 61

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-04-03
Form: S-3ASR
Chunk 61
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 such further extent, consistent with public policy, as may be provided by contract, Certificate of Incorporation, Bylaws or a resolution of the board of directors.

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TABLE OF CONTENTS

Article V further provides that, in connection with any advance for such expenses, CL&P may, but need not, require any such officer, employee or agent to deliver a written affirmation of his or her good faith belief that he or she has met the relevant standard of conduct or a written undertaking to repay any funds advanced for expenses if it is ultimately determined that he or she is not entitled to indemnification. Under Article V, the board of directors, by resolution, the general counsel, or such additional officer or officers as the board of directors may specify, shall have the authority to determine that indemnification or advance for such expenses to any such officer, employee or agent is permissible and to authorize payment of such indemnification or advance for expenses. Article V also provides that the board of directors, by resolution, the general counsel, or such additional officer or officers as the board of directors may specify, shall also have the authority to determine the terms on which CL&P shall advance expenses to any such officer, employee or agent, which terms need not require delivery by such officer, employee or agent of a written affirmation of his or her good faith belief that he or she has met the relevant standard of conduct or a written undertaking to repay any funds advanced for such expenses if it is ultimately determined that he or she is not entitled to indemnification.

Article V provides that the indemnification and advance of expenses provided for therein shall not be deemed exclusive of any other rights to which those indemnified or eligible for advance for expenses may be entitled under Connecticut law as in effect on the effective date of Article V and as thereafter amended or any Bylaw, agreement, vote of shareholders or disinterested directors or otherwise, both as to action in such person’s official capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

Finally, Article V provides that no lawful repeal or modification of Article V or the adoption of any provision inconsistent therewith by the board of directors and shareholders or change in statute shall apply to or have any effect on CL&P’s obligations to indemnify or to pay for or reimburse in advance expenses incurred by a director, officer