Company: CRD-A
Filing Date: 2025-05-21
Form Type: S-8
Source: 0001104659-25-051539
Chunk: 5

Company: CRAWFORD & CO
Filing Date: 2025-05-21
Form: S-8
Chunk 5
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, by independent legal counsel in a written opinion, or (3) by the shareholders.

Article VI, Section 5, of the Company’s
By-laws provides that expenses incurred in defending a civil or criminal action, suit or proceeding may be paid by the Company in advance
of the final disposition of such action, suit or proceeding as authorized by the Board of Directors in the manner provided in Section 4
of Article VI upon receipt of an undertaking by or on behalf of the director, officer, employee or agent to repay such amount unless
it shall ultimately be determined that he is entitled to be indemnified by the Company as authorized in Article VI, and, if such
person is a director, upon receipt of a written affirmation of such director’s good faith belief that he has met the standards of
conduct required by the Georgia Code.

Article VI, Section 6, of the Company’s
By-laws provides that Article VI shall not be deemed exclusive of any other rights to which those indemnified may be entitled under
any agreement, vote of shareholders, or disinterested directors or otherwise, both as to action in his 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 person.

Article VI, Section 7, of the Company’s
By-laws provides that the Board of Directors may authorize, by a vote of the majority of the full board, the Company to purchase and maintain
insurance on behalf of any person who is or was a director, officer, employee or agent of the Company or was serving in any of such capacities
at the request of the Company with any other corporation, partnership, joint venture, trust or other enterprise against any liability
asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not the Company would
have the power to indemnify him against such liability under the provisions of Article VI.

Insurance

The Company maintains directors’ and officers’
liability insurance policies which provide for payment by the insurers for losses arising from any claim or claims against an officer
or director of the Company by reason of any actual or alleged breach of duty, neglect, error, misstatement, misleading statement, omission
or other act done or wrongfully attempted by them in such capacities, in connection with any matter claimed against them solely by