Company: CRD-A
Filing Date: 2025-05-21
Form Type: S-8
Source: 0001104659-25-051539
Chunk: 4

Company: CRAWFORD & CO
Filing Date: 2025-05-21
Form: S-8
Chunk 4
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 is a party or is threatened to be made a party to any threatened,
pending or completed action by or in the right of the Company to procure a judgment in its favor by reason of the fact that he 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 expenses (including court costs and attorneys’
fees) actually and reasonably incurred in connection with the defense or settlement of 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, except that in respect of any claim, issue
or matter as to which such person shall have been adjudged to be liable for negligence or misconduct in the performance of his duty to
the Company, indemnification will be permitted only to the extent that the court in which the action was brought finds that despite the
adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity
for such expenses which such court shall deem proper.

Article VI, Section 3 of the Company’s
By-laws provides that to the extent that a director, officer, employee or agent of the Company shall be successful on the merits or otherwise
in defense of any action, suit or proceeding referred to in Sections 1 and 2 of Article VI of the Company’s By-laws or in defense
of any claim, issue or matter therein, he shall be indemnified against expenses (including court costs and attorneys’ fees) actually
and reasonably incurred by him in connection therewith.

Article VI, Section 4 of the Company’s
By-laws provides that any indemnification under Sections 1 and 2 of Article VI (unless ordered by a court) shall be made by the Company
only as authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper
in the circumstances because he had met the applicable standard of conduct set forth in Sections 1 and 2 of Article VI. Such determination
shall be made (1) by the Board of Directors by a majority vote of a quorum consisting of directors who were not parties to such action,
suit or proceeding, or (2) if such a quorum is not obtainable, or, even if obtainable but a quorum of disinterested directors so
directs