SEC Contract Filing

Filing Date: 2016-06-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>avav-20160430ex101443c53.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--HTML document created with Merrill Bridge 6.1.189.0-->
<!--Created on: 6/28/2016 5:09:43 PM-->
<html>
	<head>
 <title>
 avav_Ex10_1
 </title>
	</head>
	<body><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
 <p style="margin:0pt 0pt 6pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <a name="_GoBack"></a><font style="display:inline;font-weight:bold;">Exhibit 10.1</font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-weight:bold;">[FORM OF]</font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-weight:bold;">INDEMNIFICATION AGREEMENT</font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-indent:36pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;">THIS AGREEMENT is made as of March 23, 2016, by and between AeroVironment, Inc., a Delaware corporation (the &#x201C;Company&#x201D;), and [__________] (&#x201C;Indemnitee&#x201D;), an officer, director or Agent (as defined below) of the Company.</font>
 </p>
 <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-weight:bold;">RECITALS</font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-indent:36pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;">WHEREAS, the Board of Directors of the Company (the &#x201C;Board&#x201D;) seeks to attract and retain highly qualified individuals to serve as officers, directors and Agents of the Company;</font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-indent:36pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;">WHEREAS, directors, officers, and other persons in service to corporations or business enterprises may be subjected to expensive and time-consuming litigation relating to, among other things, the Company and its business and operations, and highly qualified individuals may be more reluctant to serve publicly held corporations as directors, as officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the corporation;</font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-indent:36pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;">WHEREAS, the Board has determined that, to attract and retain qualified individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving the Company and its subsidiaries from certain liabilities, and while the furnishing of such insurance has been a customary and widespread practice among United States-based corporations and other business enterprises, there is no assurance that such insurance will be available to the Company in the future on the same terms as currently apply to such coverage;</font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-indent:36pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;">WHEREAS, the Delaware General Corporate Law (&#x201C;DGCL&#x201D;) permits, and the Company&#x2019;s Amended and Restated Certificate of Incorporation (the &#x201C;Certificate of Incorporation&#x201D;) requires to the extent permitted by applicable law, the indemnification of officers and directors of the Company and other persons serving at the request of the Company as an officer or director of another entity; </font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-indent:36pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;">WHEREAS, the Certificate of Incorporation requires, and the DGCL permits, the advancement of expenses to current and former officers and directors in advance of final disposition of an action, suit or proceeding;</font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-indent:36pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;">WHEREAS, the Certificate of Incorporation permits the Company to provide rights to indemnification and advancement of expenses to employees and agents of the Company similar to those conferred in the Certificate of Incorporation to officers and directors;</font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-indent:36pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;">WHEREAS, the Certificate of Incorporation and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby provide or contemplate that contracts may be entered into between the Company and members of the </font>
 </p>
 <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;"></font>
 </p>
 <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
 <p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 12p