Exhibit 10.1


 


ACCURIDE CORPORATION


 


INDEMNIFICATION AGREEMENT


 


This Indemnification Agreement (the “Agreement”) is made as of
                      ,
201    by and among
Accuride Corporation, a Delaware corporation (the “Company”) and
                        
(the “Indemnitee).


 


RECITALS


 


The Company desires to attract and retain the services of highly
qualified individuals, such as Indemnitee, and to indemnify its directors,
officers and key employees so as to provide them with the maximum protection
permitted by law.


 


The Bylaws of the Company (the “Bylaws”) require indemnification
of the officers and directors of the Company, and Indemnitee may also be
entitled to indemnification pursuant to the General Corporation Law of the
State of Delaware (the “DGCL”).


 


The Bylaws and the DGCL expressly provide that the indemnification
provisions set forth therein are not exclusive, and thereby contemplate that
contracts may be entered into between the Company and members of the board of
directors, officers and other persons with respect to indemnification.


 


The Company and Indemnitee recognize the increasing difficulty in
obtaining liability insurance for directors, officers and key employees, the
significant increases in the cost of such insurance and the general reductions
in the coverage of such insurance.


 


The Company and Indemnitee further recognize the substantial increase
in corporate litigation in general, subjecting directors, officers and key
employees to expensive litigation risks at the same time as the availability
and coverage of liability insurance has been severely limited.


 


Indemnitee does not regard the protection currently provided by
applicable law, the Company’s governing documents and available insurance as
adequate under the present circumstances, and Indemnitee and agents of the
Company may not be willing to serve as agents of the Company without additional
protection.


 


The Board of Directors of the Company (the “Board”) has
determined that the increased difficulty in attracting and retaining highly
qualified persons such as Indemnitee is detrimental to the best interests of
the Company’s stockholders and that the Company should act to assure Indemnitee
that there will be increased certainty of such protection in the future.


 


It is reasonable, prudent and necessary for the Company contractually
to obligate itself to indemnify, and to advance expenses on behalf of, such
persons to the fullest extent permitted by applicable law, regardless of any
amendment or revocation of the Company’s Certificate of Incorporation (the “Charter”)
or Bylaws, so that they will serve or continue to serve the Company free from
undue concern that they will not be so indemnified.


 

















 


This Agreement is supplemental to and in furtherance of the
indemnification provided in the Bylaws and any resolutions adopted pursuant
thereto, and shall not be deemed a substitute therefor, nor to diminish or
abrogate any rights of Indemnitee thereunder.


 


AGREEMENT


 


In consideration of the mutual promises made in this Agreement, and for
other good and valuable consideration, receipt of which is hereby acknowledged,
the Company and Indemnitee hereby agree as follows:


 


 


1.     Indemnification.


 


(a)   Third Party Proceedings. The Company shall indemnify Indemnitee
if Indemnitee is or was a party or is threatened to be made a party to any
threatened, pending or completed action, suit, arbitration, alternate dispute
resolution mechanism, investigation, inquiry, administrative hearing or any
other actual, threatened or completed proceeding, whether civil, criminal,
administrative or investigative, by reason of the fact that Indemnitee is or
was a director, officer, employee or agent of the Company, or any subsidiary of
the Company, by reason of any action or inaction on the part of Indemnitee
while an officer or director or by reason of the fact that Indemnitee is or was
serving at the request of the Company as a director, officer, employee, agent
or trustee of another corporation, partnership, joint venture, trust or other
enterprise, in each case whether or not serving in such capacity at the time
any liability or expense is incurred for which indemnification, reimbursement
or advancement of expenses can be provided under this Agreement (any of the
foregoing, a “Proceeding”), other than a Proceeding by or in the right
of the Company, against all expenses (including attorneys’ fees), judgments,
fines and amounts paid in settlement (if such settlement is approved in advance
by the Company, which approval shall not be unreasonably withheld) actually and
reasonably incurred by Indemnitee in connection with such action, suit or
proceeding if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in or not opposed to the best interests of the
Company, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe Indemnitee’s conduct was unlawful. The termination
of any Proceeding by judgment, order, settlement, conviction, or upon a plea of
nolo contendere or its equivalent, shall not, of itself, create a presumption
that Indemnitee did not act in good faith and in a manner which Indemnitee
reasonably believed to be in or not opposed to the best interests of the
Company, or, with respect to any criminal action or proceeding, that Indemnitee
had reasonable cause to believe that Indemnitee’s conduct was unlawful.


 


(b)   Proceedings By or in the
Right of the Company.  The Company shall indemnify
Indemnitee if Indemnitee was or is, or is threatened to be made, a party to or
a participant in any Proceeding by or in right of the Company or any subsidiary
of the Company to procure a judgment in the Company’s favor, against expenses
(including attorneys’ fees) and, to the fullest extent permitted by law,
amounts paid in settlement (if such settlement is approved in advance by the
Company, which approval shall not be unreasonably withheld), in each case to
the extent actually and reasonably incurred by Indemnitee in connection with
the defense or settlement of such action or suit if Indemnitee acted in good
faith and in a manner Indemnitee reasonably believed to be in or not opposed to
the best interests of the Company and its stockholders, except that no
indemnification shall have been made in respect of any claim, issue


 


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or matter as to which Indemnitee shall have been finally adjudicated by
court order or judgment to be liable to the Company in the performance of
Indemnitee’s duty to the Company and its stockholders unless and only to the
extent that the court in which such action or proceeding is or was pending
shall determine upon application that, in view of all the circumstances of the
case, Indemnitee is fairly and reasonably entitled to indemnity for such
expenses which such court shall deem proper.


 


(c)   Mandatory Payment of
Expenses.  Notwithstanding any other provision of this
Agreement, to the extent that Indemnitee has been successful on the merits or
otherwise in defense of any Proceeding referred to in Section 1(a) or
Section 1(b) or the defense of any claim, issue or matter
therein, Indemnitee shall be indemnified to the maximum extent permitted by
law, as such may be amended from time to time, against all expenses (including
attorneys’ fees) actually and reasonably incurred by Indemnitee or on
Indemnitee’s behalf in connection therewith. 
If Indemnitee is not wholly successful in such Proceeding but is
successful, on the merits or otherwise, as to one or more but less than all
claims, issues or matters in such Proceeding, the Company shall indemnify
Indemnitee against all expenses (including attorney’s fees) actually and
reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with
each successfully resolved claim, issue or matter.  For purposes of this Section 1(c) and
without limitation, the termination of any claim, issue or matter in such a
Proceeding by dismissal, with or without prejudice, shall be deemed to be a
successful result as to such claim, issue or matter.


 


(d)   Indemnification for
Expenses of a Witness.  Notwithstanding any other provision
of this Agreement, to the extent that Indemnitee is, by reason of his status as
a current or former director, officer, employee, agent or trustee of the
Company or of any other enterprise which Indemnitee is or was serving at the
request of the Company, a witness in any Proceeding to which Indemnitee is not
a party and is not threatened to be made a party, he shall be indemnified
against all expenses actually and reasonably incurred by him or on his behalf
in connection therewith.


 


2.     Contribution.


 


(a)   Whether or not the indemnification
provided in Section 1 above is available, in respect of any
Proceeding in which the Company is jointly liable with Indemnitee (or would be
if joined in such Proceeding), the Company shall pay, in the first instance, the
entire amount of any judgment or settlement of such Proceeding without
requiring Indemnitee to contribute to such payment and the Company hereby
waives and relinquishes any right of contribution it may have against
Indemnitee.  The Company shall not enter
into any settlement of any Proceeding in which the Company is jointly liable
with Indemnitee (or would be if joined in such Proceeding) unless such
settlement provides for a full and final release of all claims asserted against
Indemnitee.


 


(b)   Without diminishing or impairing the
obligations of the Company set forth in Section 2(a) above,
if, for any reason, Indemnitee shall elect or be required to pay all or any
portion of any judgment or settlement in any Proceeding in which the Company is
jointly liable with Indemnitee (or would be if joined in such Proceeding), the
Company shall contribute to the amount of expenses (including attorneys’ fees),
judgments, fines and amounts paid in


 


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settlement actually and reasonably incurred and paid or payable by
Indemnitee in proportion to the relative benefits received by the Company and
all officers, directors or employees of the Company, other than Indemnitee, who
are jointly liable with Indemnitee (or would be if joined in such Proceeding),
on the one hand, and Indemnitee, on the other hand, from the transaction from
which such Proceeding arose; provided, however, that the proportion
determined on the basis of relative benefit may, to the extent necessary to
conform to law, be further adjusted by reference to the relative fault of the
Company and all officers, directors or employees of the Company other than
Indemnitee who are jointly liable with Indemnitee (or would be if joined in
such Proceeding), on the one hand, and Indemnitee, on the other hand, in
connection with the events that resulted in such expenses, judgments, fines or
settlement amounts, as well as any other equitable considerations which the law
may require to be considered.  The
relative fault of the Company and all officers, directors or employees of the
Company, other than Indemnitee, who are jointly liable with Indemnitee (or
would be if joined in such Proceeding), on the one hand, and Indemnitee, on the
other hand, shall be determined by reference to, among other things, the degree
to which their actions were motivated by intent to gain personal profit or
advantage, the degree to which their liability is primary or secondary and the
degree to which their conduct is active or passive.


 


(c)   The Company hereby agrees to fully
indemnify and hold Indemnitee harmless from any claims of contribution which
may be brought by officers, directors or employees of the Company, other than
Indemnitee, who are jointly liable with Indemnitee.


 


(d)   To the fullest extent permissible under
applicable law, if the indemnification provided for in this Agreement is
unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of
indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee,
whether for judgments, fines, penalties, excise taxes, amounts paid or to be
paid in settlement and/or for expenses (including attorneys’ fees), in
connection with any claim relating to an indemnifiable event under this
Agreement, in such proportion as is deemed fair and reasonable in light of all
of the circumstances of such Proceeding in order to reflect (i) the
relative benefits received by the Company and Indemnitee as a result of the
event(s) and/or transaction(s) giving cause to such Proceeding;
and/or (ii) the relative fault of the Company (and its directors,
officers, employees and agents) and Indemnitee in connection with such event(s) and/or
transaction(s).


 


3.     No Employment Rights. 
Nothing contained in this Agreement is intended to create in Indemnitee
any right to continued employment.  The
foregoing notwithstanding, this Agreement shall continue in force after
Indemnitee has ceased to serve as a director, officer, employee or agent of the
Company.


 


4.     Expenses; Indemnification Procedure.


 


(a)   Advancement of Expenses. The Company shall advance all expenses
incurred by Indemnitee in connection with the investigation, defense,
settlement or appeal of any Proceeding referred to in Section 1
hereof (including, but not limited to, amounts actually paid in settlement of
any such Proceeding and, to the extent not prohibited by applicable law,
payments to the Indemnitee (to the extent such Indemnitee is not an employee of
the Company) of an hourly fee of $500 per hour for each hour spent by the
Indemnitee in investigating, defending


 


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against, being a witness in, participating in, or preparing to defend,
be a witness in or participate in, any such Proceeding).  Advances shall be unsecured and interest
free.  Advances shall be made without
regard to Indemnitee’s ability to repay the expenses and without regard to
Indemnitee’s ultimate entitlement to indemnification under the other provisions
of this Agreement.  Indemnitee shall
qualify for advances upon the execution and delivery to the Company of this
Agreement and Indemnitee hereby undertakes to the fullest extent required by
law to repay such amounts advanced only if, and to the extent that, it shall
ultimately be determined by a court of competent jurisdiction in a final
judgment, not subject to appeal, that Indemnitee is not entitled to be
indemnified by the Company as authorized hereby.  The right to advances under this paragraph
shall in all events continue until final disposition of any Proceeding,
including any appeal therein.  Nothing in
this Section 4(a) shall limit Indemnitee’s right to
advancement of Enforcement Expenses pursuant to Section 4(c).


 


In addition, in the event that a Change of Control (as defined below)
has occurred, the Company shall, upon the request of the Indemnitee, deposit in
an escrow account with a financial institution reasonably satisfactory to the
Indemnitee an amount equal to the expenses reasonably projected by counsel to
the Indemnitee to be incurred over the next six months in connection with
defending, or investigating or preparing to defend, any Proceeding then pending
with respect to which the Indemnitee is entitled to indemnification or
advancement of expenses, and shall, from time to time upon request of the
Indemnitee replenish the amount of such escrow deposit so that, after the date
of such additional deposit, the amount of such escrow account is at least equal
to such reasonably projected expenses over the ensuing six month period. For
purpose of this Section 4(a), a “Change of Control” shall be deemed
to have occurred if (i) any “person” (as such term is used in Sections 13(d) and
14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) (other than a trustee or other fiduciary holding securities under an
employee benefit plan of the Company or a corporation owned directly or
indirectly by the stockholders of the Company in substantially the same
proportions as their ownership of stock of the Company), is or becomes the “beneficial
owner” (as defined in Rule 13d-3 under the Exchange Act), directly or
indirectly, of securities of the Company representing 35% or more of the total
voting power represented by the Company’s then outstanding Voting Securities
(as defined below); or (ii) during any period of two consecutive years,
individuals who at the beginning of such period constitute the Board of
Directors of the Company and any new director whose election by the Board of
Directors or nomination for election by the Company’s stockholders was approved
by a vote of at least two-thirds (2/3) of the directors then still in office
who either were directors at the beginning of the period or whose election or
nomination for election was previously so approved, cease for any reason to
constitute a majority thereof; or (iii) there is a merger or consolidation
of the Company with any other corporation, other than a merger or consolidation
which would result in the Voting Securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into Voting Securities of the surviving
entity) at least 65% of the total voting power represented by the Voting
Securities of the Company or such surviving entity outstanding immediately
after such merger or consolidation, or there is a complete liquidation of the Company
or a sale or disposition by the Company of (in one transaction or a series of
transactions) all or substantially all the Company’s assets.  The term “Voting Securities” means any
securities of the Company that vote generally in the election of directors.


 


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(b)   Notice/Cooperation by
Indemnitee.  Indemnitee shall give the Company notice in
writing as soon as practicable of any claim made against Indemnitee for which
indemnification will or could be sought under this Agreement.  Failure of the Indemnitee to give the Company
notice of any claim made against Indemnitee for which indemnification will or
could be sought under this Agreement shall not prevent Indemnitee from
obtaining indemnification and advancement of expenses hereunder, except to the
extent (and only to the extent) failure to give such notice has increased the
damages to the Company hereunder.  Notice
to the Company shall be directed to the Chief Executive Officer of the Company
and shall be given in accordance with the provisions of Section 15(d) below.
In addition, Indemnitee shall give the Company such information and cooperation
as it may reasonably require and as shall reasonably be within Indemnitee’s
power.


 


(c)   Procedure. 
Any indemnification and advances provided for in this Agreement shall be
made no later than twenty (20) days after receipt of the written request of
Indemnitee.  If a claim under this
Agreement, under any statute, or under any provision of the Charter or Bylaws
providing for indemnification, is not paid in full by the Company within twenty
(20) days after a written request for payment thereof has first been received
by the Company, Indemnitee may, but need not, at any time thereafter bring an
action against the Company to recover the unpaid amount of the claim and,
subject to Section 13 of this Agreement, Indemnitee shall also be
entitled to be paid for the expenses (including attorneys’ fees) of bringing
such action (such expenses, “Enforcement Expenses”), regardless of
whether Indemnitee is ultimately determined to be entitled to such
indemnification or advances.  In any
judicial proceeding or arbitration commenced pursuant to this Section 4(c),
the Company shall have the burden of proving Indemnitee is not entitled to
indemnification or advancement, as the case may be.  The Company shall be precluded from asserting
in any judicial proceeding or arbitration commenced pursuant to this Section 4(c) that
the procedures and presumptions of this Agreement are not valid, binding and
enforceable and shall stipulate in any such court or before any such arbitrator
that the Company is bound by all the provisions of this Agreement.  It shall be a defense to any such action (other
than an action brought to enforce a claim for expenses incurred in connection
with any action, suit or proceeding in advance of its final disposition) that
Indemnitee has not met the standards of conduct which make it permissible under
applicable law for the Company to indemnify Indemnitee for the amount claimed,
but the burden of proving such defense shall be on the Company and Indemnitee
shall be entitled to receive interim payments of expenses pursuant to Section 4(a) unless
and until such defense may be finally adjudicated by court order or judgment
from which no further right of appeal exists. It is the parties’ intention that
if the Company contests Indemnitee’s right to indemnification, the question of
Indemnitee’s right to indemnification shall be for the court to decide, and
neither the failure of the Company (including the Board, any committee or
subgroup of the Board, independent legal counsel, or its stockholders) to have
made a determination that indemnification of Indemnitee is proper in the
circumstances because Indemnitee has met the applicable standard of conduct
required by applicable law, nor an actual determination by the Company
(including the Board, any committee or subgroup of the Board, independent legal
counsel, or its stockholders) that Indemnitee has not met such applicable
standard of conduct, shall create a presumption that Indemnitee has or has not
met the applicable standard of conduct. The Indemnitee shall be deemed to have
acted in good faith if the Indemnitee’s action is based on the records or books
of account of the Company, including financial statements, or on information
supplied to the Indemnitee by the officers of the Company in the course of
their duties, or on the


 


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advice of legal counsel for the Company or on information or records
given or reports made to the Company by an independent certified public
accountant or by an appraiser or other expert selected with reasonable care by
the Company.  In addition, the knowledge
and/or actions, or failure to act, of any other director, or of any officer,
agent or employee of the Company shall not be imputed to the Indemnitee for
purposes of determining the right to indemnification under this Agreement.  Whether or not the foregoing provisions of
this Section 4(c) are satisfied, it shall in any event be presumed
that the Indemnitee has at all times acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the
Company.  Anyone seeking to overcome this
presumption shall have the burden of proof.


 


(d) Notice
to Insurers.  To the extent that the Company maintains an
insurance policy or policies providing liability insurance for directors,
officers, employees, agents or trustees of the Company, Indemnitee shall be
covered by such policy or policies in accordance with its or their terms to the
maximum extent of the coverage available for any such director, officer,
employee, agent or trustee under such policy or policies.  If, at the time of the receipt of a notice of
a claim pursuant to Section 4(b) hereof, the Company has
director and officer liability insurance in effect, the Company shall give
prompt notice of the commencement of such proceeding to the insurers in
accordance with the procedures set forth in the respective policies. The
Company shall thereafter take all necessary or desirable action to cause such
insurers to pay, on behalf of the Indemnitee, all amounts payable as a result
of such proceeding in accordance with the terms of such policies.


 


(d)   Selection of Counsel. 
In the event the Company shall be obligated under Section 4(a) hereof
to pay the expenses of any Proceeding against Indemnitee, the Company, if
appropriate, shall be entitled to assume the defense of such Proceeding, with
counsel approved by Indemnitee, which approval shall not be unreasonably
withheld, upon the delivery to Indemnitee of written notice of its election so
to do. After delivery of such notice, approval of such counsel by Indemnitee
and the retention of such counsel by the Company, the Company will not be
liable to Indemnitee under this Agreement for any fees of counsel subsequently
incurred by Indemnitee with respect to the same Proceeding, provided
that (i) Indemnitee shall have the right to employ counsel in any such
proceeding at Indemnitee’s expense; and (ii) if (A) the employment of
counsel by Indemnitee has been previously authorized by the Company, (B) Indemnitee
shall have reasonably concluded that there may be a conflict of interest between
the Company and Indemnitee in the conduct of any such defense or (C) the
Company shall not, in fact, have employed counsel to assume the defense of such
proceeding then the fees and expenses of Indemnitee’s counsel shall be at the
expense of the Company.


 


5.     Additional Indemnification Rights: Nonexclusivitv.


 


(a)   Scope. 
Notwithstanding any other provision of his Agreement, the Company hereby
agrees to indemnify the Indemnitee to the fullest extent permitted by law,
notwithstanding that such indemnification is not specifically authorized by the
other provisions of this Agreement, the Charter, the Bylaws or by statute.  In the event of any change, after the date of
this Agreement, in any applicable law, statute, or rule which expands the
right of a Delaware corporation to indemnify a member of its board of directors
or an officer, such changes shall be deemed to be within the purview of
Indemnitee’s rights and the Company’s obligations under this Agreement.  In the event of any change in any applicable
law, statute or rule which


 


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narrows the right of a Delaware corporation to indemnify a member of
its board of directors or an officer, such changes, to the extent not otherwise
required by such law, statute or rule to be applied to this Agreement
shall have no effect on this Agreement or the parties’ rights and obligations
hereunder.


 


(b)   Nonexclusivitv. 
The indemnification provided by this Agreement shall not be deemed
exclusive of any rights to which Indemnitee may be entitled under the Charter,
the Bylaws, any agreement, any vote of stockholders or disinterested members of
the Board, the DGCL, or otherwise, both as to action in Indemnitee’s official
capacity and as to action in another capacity while holding such office. The
indemnification provided under this Agreement shall continue as to Indemnitee
for any action taken or not taken while serving in an indemnified capacity even
though he or she may have ceased to serve in any such capacity at the time of any
covered Proceeding.


 


 


6.     Partial Indemnification.  If
Indemnitee is entitled under any provision of this Agreement to indemnification
by the Company for some or a portion of the expenses, judgments, fines or
penalties actually or reasonably incurred in the investigation, defense, appeal
or settlement of any Proceeding, but not, however, for the total amount
thereof, the Company shall nevertheless indemnify Indemnitee for the portion of
such expenses, judgments, fines or penalties to which Indemnitee is entitled.


 


7.     Mutual Acknowledgment. 
Both the
Company and Indemnitee acknowledge that in certain instances, Federal law or
public policy may override applicable state law and prohibit the Company from
indemnifying its directors and officers under this Agreement or otherwise.  For example, the Company and Indemnitee
acknowledge that the Securities and Exchange Commission (the “SEC”) has
taken the position that indemnification is not permissible for liabilities
arising under certain federal securities laws, and federal legislation
prohibits indemnification for certain ERISA violations. Indemnitee understands
and acknowledges that the Company has undertaken or may be required in the
future to undertake with the SEC to submit the question of indemnification to a
court in certain circumstances for a determination of the Company’s right under
public policy to indemnify Indemnitee.


 


8.     Officer and Director Liability Insurance. 
For so
long as Indemnitee serves on the Board, the Company shall continue in effect,
and take all reasonable action necessary to maintain and provide, “directors
and officers” insurance with coverage levels at least as great as those in
effect immediately prior to the date hereof and covering the Indemnitee; provided,
that the Company may adjust and/or reduce such coverage levels from time to
time with the prior approval of two-thirds (2/3rds) of the directors.  In all policies of director and officer
liability insurance, Indemnnitee shall be named as an insured in such a manner
as to provide Indemnitee the same rights and benefits as are accorded to the
most favorably insured of the Company’s directors, if Indemnitee is a director,
or of the Company’s officers, if Indemnitee is not a director of the Company
but is an officer, or of the Company’s key employees, if Indemnitee is not an
officer or director but is a key employee.


 


9.     Severability. 
Nothing in
this Agreement is intended to require or shall be construed as requiring the
Company to do or fail to do any act in violation of applicable law. The Company’s
inability, pursuant to court order, to perform its obligations under this
Agreement


 


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shall not constitute a breach of this Agreement.  Without limiting the generality of the
foregoing, this Agreement is intended to confer upon Indemnitee indemnification
rights to the fullest extent permitted by applicable laws.  The provisions of this Agreement shall be
severable as provided in this Section 9. 
If this Agreement or any portion hereof shall be invalidated on any
ground by any court of competent jurisdiction, then (a) such invalidated
provision or provisions shall be deemed reformed to the extent necessary to
conform to applicable law and to give the maximum effect to the intent of the
parties hereto, (b) the Company shall nevertheless indemnify Indemnitee to
give the maximum effect to the intent of the parties hereto, and (c) the
balance of this Agreement not so invalidated shall be enforceable in accordance
with its terms.


 


10.  Coordination with Other Rights to
Indemnification.


 


The Company acknowledges
that the Indemnitee may be employed by, otherwise affiliated with, or appointed
by, another person or entity, and may be entitled to, or may be provided,
indemnification by such other person or entity (the “Third Party Indemnitor”)
or its Affiliates (as defined below) for certain expenses and liabilities for
which the Indemnitee may also be entitled to seek indemnification from the
Company pursuant to this Agreement, the Amended and Restated Certificate of
Incorporation and the Amended and Restated Bylaws of the Company, or otherwise
(the “Company Indemnified Expenses”). The Company acknowledges and agrees that,
as between the Company and its subsidiaries, on the one hand, and the Third
Party Indemnitor and its Affiliates (other than the Company and its
subsidiaries), on the other hand, the Company shall be primarily liable to the
Indemnitee with respect to any Company Indemnified Expenses and any liability
of the Third Party Indemnitor or its Affiliates to the Indemnitee shall be
secondary liability. In recognition of the primary liability of the Company,
the Company agrees that, in the event that the Third Party Indemnitor or any of
its Affiliates pays any Company Indemnified Expenses to and on behalf of the
Indemnitee, reimburses the Indemnitee for any Company Indemnified Expenses paid
by the Indemittee or advances amounts to the Indemnitee (including by way of
any loan) for the payment of Company Indemnified Expenses, then (i) the
Company shall pay to the Third Party Indemnitor any amounts so paid, reimbursed
or advanced, to the extent that the Indemnitee would have been entitled to
indemnification of such Company Indemnified Expenses and (ii) the Third
Party Indemnitor shall be subrogated to all of the rights of the Indemnitee
with respect to any claim that the Indemnitee could have brought against the
Company or any subsidiary with respect to any Company Indemnified Expenses that
have been paid, reimbursed or advanced to or on behalf of the Indemnitee. All
such payments to the Third Party Indemnitor shall be made within twenty (20)
days of the receipt by the Company of written notice from the Third Party
Indemnitor of such payment, reimbursement or
advance, accompanied by documentation showing, in reasonable detail, the
Company Indemnified Expenses so paid, reimbursed or advanced by the Third Party
Indemnitor or any or its Affiliates. The Company shall also reimburse the Third
Party Indemnitor and its Affiliates for all expenses, including legal expenses,
incurred in enforcing this Section 10.


 


For purposes of this Section 10,
“Affiliate” means, with respect to any specified person or entity, such other
person or entity directly or indirectly controlling, controlled by or under
common control with such specified person or entity. For purposes of the
foregoing definition, “control,” when used with respect to any specified person
or entity, means the power to direct the management and policies of such person
or entity, directly or indirectly, whether 


 


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through ownership of
voting securities, by contract or otherwise; and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.


 


11.  Exceptions.  Any other provision herein to the
contrary notwithstanding, the Company shall not be obligated pursuant to the
terms of this Agreement:


 


(a)   Claims Initiated by Indemnitee.  To indemnify or advance expenses to
Indemnitee with respect to proceedings or claims initiated or brought
voluntarily by Indemnitee and not by way of defense, except with respect to (i) proceedings
brought to establish or enforce a right to indemnification under this Agreement
or any other statute or law or otherwise as required under Section 145 of
the DGCL or (ii) any proceeding that is a counterclaim brought in
connection with a proceeding initiated against the Indemnitee and such
counterclaim is either a mandatory counterclaim or is defensive in nature, but
such indemnification or advancement of expenses may be provided by the Company
in specific cases if the Board of Directors finds it to be appropriate;


 


(b)   Lack of Good Faith.  To indemnify Indemnitee for any expenses
incurred by Indemnitee with respect to any proceeding instituted by Indemnitee
to enforce or interpret this Agreement, if a court of competent jurisdiction
finally determines that each of the material assertions made by Indemnitee in
such proceeding was not made in good faith or was frivolous;


 


(c)   Insured Claims.  To indemnify Indemnitee for expenses or
liabilities of any type whatsoever (including, but not limited to, judgments,
fines, ERISA excise taxes or penalties, and amounts paid in settlement) to the
extent such expenses or liabilities have been paid directly to Indemnitee by an
insurance carrier under a policy of officers’ and directors’ liability
insurance maintained by the Company; or


 


(d)   Claims under Section 16(b) of the Exchange
Act or Section 304 or 306 of the Sarbanes-Oxley Act.  To indemnify Indemnitee on account of any
suit in which judgment is rendered against the Indemnitee for (i) disgorgement
of profits made from the purchase or sale by the Indemnitee of securities of
the Company pursuant to the provisions of Section 16(b) of the
Exchange Act or similar provisions of any federal, state or local statutory law
or (ii) any reimbursement of the Company by the Indemnitee of any bonus or
other incentive-based compensation or equity-based compensation or of any
profits realized by the Indemnitee from the sale of securities of the Company,
in each case pursuant to Section 304 or 306 of the Sarbanes-Oxley Act of
2002 and the rules and regulations under the Exchange Act adopted pursuant
thereto.


 


12.  Construction of Certain Phrases.  For purposes of this Agreement references to the “Company”
shall include, in addition to the resulting corporation, any constituent
corporation (including any constituent of a constituent) absorbed in a consolidation
or merger which, if its separate existence had continued, would have had power
and authority to indemnify its directors, officers, and employee or agents, so
that if Indemnitee is or was a director, officer, employee or agent of such
constituent corporation, or is or was serving at the request of such
constituent corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture; trust or other enterprise, Indemnitee
shall stand in the same position 


 


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under the provisions of this Agreement with respect to the resulting or
surviving corporation as Indemnitee would have with respect to such constituent
corporation if its separate existence had continued.


 


(b)   For
purposes of this Agreement, references to “other enterprises” shall
include employee benefit plans; references to “fines” shall include any
excise taxes assessed on Indemnitee with respect to an employee benefit plan;
and references to “serving at the request of the Company” shall include
any service as a director, officer, employee or agent of the Company which
imposes duties on, or involves services by, such director, officer, employee or
agent with respect to an employee benefit plan, its participants, or
beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in the interest of the participants and beneficiaries
of an employee benefit plan, Indemnitee shall be deemed to have acted in a
manner “not opposed to the best interests of the Company” as referred to
in this Agreement.


 


13.  Attorneys’ Fees.  In the event that any action is instituted by
Indemnitee under this Agreement to enforce or interpret any of the terms
hereof, Indemnitee shall be entitled to be paid all court costs and expenses,
including reasonable attorneys’ fees, incurred by Indemnitee with respect to
such action, unless as a part of such action, the court of competent
jurisdiction determines that each of the material assertions made by Indemnitee
as a basis for such action were not made in good faith or were frivolous. In
the event of an action instituted by or in the name of the Company under this
Agreement or to enforce or interpret any of the terms of this Agreement,
Indemnitee shall be entitled to be paid all court costs and expenses, including
attorneys’ fees, incurred by Indemnitee in defense of such action (including
with respect to Indemnitee’s counterclaims and cross-claims made in such
action), unless as apart of such action the court determines that each of
Indemnitee’s material defenses to such action were made in bad faith or were
frivolous.


 


14.  Representations and Warranties of the
Company.  The Company hereby represents and warrants to
Indemnitee as follows:


 


(a)   Authority.  The Company has all necessary power and
authority to enter into, and be bound by the terms of, this Agreement, and the
execution, delivery and performance of the undertakings contemplated by this
Agreement have been duly authorized by the Company.


 


(b)   Enforceability.  This Agreement, when executed and delivered
by the Company in accordance with the provisions hereof, shall be a legally
valid and binding obligation of the Company, enforceable against the Company in
accordance with its terms, except as such enforceability may be limited by
bankruptcy, insolvency, reorganization, moratorium or similar law affecting
creditors’ rights generally or by general principles of equity.


 


15.  Miscellaneous.


 


(a)   Governing Law. This Agreement and all
acts and transactions pursuant hereto and the rights and obligations of the
parties hereto shall be governed, construed 


 


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and interpreted in accordance with the laws of the State of Delaware,
without giving effect to principles of conflict of law.


 


(b)   Entire Agreement; Enforcement of Rights.  This Agreement sets forth the entire
agreement and understanding of the parties relating to the subject matter
herein and merges all prior discussions between them. No modification of or
amendment to this Agreement, nor any waiver of any rights under this Agreement,
shall be effective unless in writing signed by the parties to this Agreement.
The failure by either party to enforce any rights under this Agreement shall
not be construed as a waiver of any rights of such party.


 


(c)   Construction.  This Agreement is the result of negotiations
between and has been reviewed by each of the parties hereto and their
respective counsel, if any; accordingly, this Agreement shall be deemed to be
the product of all of the parties hereto, and no ambiguity shall be construed
in favor of or against any one of the parties hereto.


 


(d)   Notices.  Any notice, demand or request required or
permitted to be given under this Agreement shall be in writing and shall be
deemed sufficient when delivered personally or sent by telegram or forty-eight
(48) hours after being deposited in the U.S. mail, as certified or registered
mail, with postage prepaid, and addressed to the party to be notified at such
party’s address as set forth below or as subsequently modified by written
notice.


 


(e)   Counterparts and Facsimile. This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original and all of which together shall constitute one instrument.  Executed signature pages to this
Agreement may be delivered by electronic facsimile (including via electronic
mail) and such facsimiles will be deemed as sufficient as if actual signature pages had
been delivered.


 


(f)    Successors and Assigns. 
This Agreement shall be binding upon the Company and its successors and
assigns, and inure to the benefit of Indemnitee and Indemnitee’s heirs, legal
representatives and assigns.


 


(g)   Subrogation.  In the event of advancement or
indemnification under this Agreement, the Company, to the extent of such
payment, shall be subrogated to all of the rights of contribution or recovery
of Indemnitee against other persons, and Indemnitee shall take, at the request
of the Company, all reasonable action necessary to secure such rights,
including the execution of such documents as are necessary to enable the
Company to effectively bring suit to enforce such rights.


 


[Signature Page Follows]


 


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The parties hereto have executed this Agreement as of the day and year
set forth on the first page of this Agreement.


 


	
   

  	
   

  	
  ACCURIDE CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
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  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Address:

  	
  7140 Office Circle

  
	
   

  	
   

  	
   

  	
  Evansville, IN 47715

  



 


	
  AGREED TO AND ACCEPTED:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  



 


Signature Page to
Indemnification Agreement