SEC Contract Filing

Filing Date: 2018-09-07

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d616614dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>INDEMNIFICATION AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This Indemnification Agreement (this &#147;<U>Agreement</U>&#148;), is made as of
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (the &#147;<U>Effective Date</U>&#148;), by and between Shiloh Industries,
Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;), whose address is 880 Steel Drive, Valley City, Ohio 44280, and
[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] (&#147;<U>Indemnitee</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Company (which, for purposes of this Agreement, will be deemed to include Shiloh Industries, Inc. and its
Subsidiaries (as defined below), as appropriate) desires to attract and retain the services of highly qualified individuals; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, in order to induce Indemnitee to provide, or continue to provide, services to the Company, the Company wishes to
provide for the indemnification of, and advancement of expenses to, Indemnitee to the fullest extent authorized or permitted by law; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, Indemnitee does not regard the current protection available as adequate under the present circumstances, and the
Indemnitee and other directors, officers, employees, agents and fiduciaries of the Company may not be willing to continue to serve in such capacities without additional protection; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Company&#146;s restated certificate of incorporation, as amended (the &#147;<U>Certificate of
Incorporation</U>&#148;), requires that the Company indemnify its directors and executive officers and empowers the Company to indemnify its other officers, employees, fiduciaries and agents, to the fullest extent permitted by the General
Corporation Law of the State of Delaware, as amended (the &#147;<U>DGCL</U>&#148;), under which the Company is organized, and such Certificate of Incorporation expressly provides that the indemnification provided therein is not exclusive and
contemplates that the Company may enter into separate agreements with its directors, officers and other persons to set forth specific indemnification provisions; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance
expenses on behalf of, Indemnitee to the fullest extent permitted by applicable law so that Indemnitee will serve or continue to serve the Company free from undue concern that he or she will not be so indemnified. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, the parties hereto, intending to be
legally bound, hereby agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>1.</B> <B>Definitions.</B> As used in this Agreement, the following terms and
phrases have the respective meanings given to them in this Section&nbsp;1: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a) &#147;<U>Agent</U>&#148; of the Company
means any person who: (i)&nbsp;is or was a director, officer, employee, agent or other fiduciary of the Company; or (ii)&nbsp;is or was serving at the request or for the convenience of, or representing the interests of, the Company, as a director,
officer, employee, agent or other fiduciary of a foreign or domestic corporation, partnership, joint venture, trust or other enterprise; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b) &#147;<U>Board</U>&#148; means the Board of Directors of the Company; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c) &#147;<U>Change in Control</U>&#148; means the occurrence of any of the
following events commencing after the Effective Date: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(i) any individual, entity or group (within the meaning of
Section&nbsp;13(d)(3) or 14(d)(2) of the Exchange Act) becomes the beneficial owner