MEND » Topics » Indemnification

These excerpts taken from the MEND 10-K filed Jun 12, 2008.
Indemnification
 
In the normal course of business, the Company enters into contracts and agreements that contain a variety of representations and warranties and provide for general indemnification. The Company’s exposure under these agreements is unknown because it involves claims that may be made against the Company in the future, but have not yet been made. To date, the Company has not paid any claims or been required to defend any action related to its indemnification obligations, and accordingly, the Company has not accrued any amounts for such indemnification obligations. However, the Company may record charges in the future as a result of these indemnification obligations.
 
Indemnification


 



In the normal course of business, the Company enters into
contracts and agreements that contain a variety of
representations and warranties and provide for general
indemnification. The Company’s exposure under these
agreements is unknown because it involves claims that may be
made against the Company in the future, but have not yet been
made. To date, the Company has not paid any claims or been
required to defend any action related to its indemnification
obligations, and accordingly, the Company has not accrued any
amounts for such indemnification obligations. However, the
Company may record charges in the future as a result of these
indemnification obligations.


 




This excerpt taken from the MEND 10-K filed Jun 7, 2007.
Indemnification
 
In the normal course of business, the Company enters into contracts and agreements that contain a variety of representations and warranties and provide for general indemnification. The Company’s exposure under these agreements is unknown because it involves claims that may be made against the Company in the future, but have not yet been made. To date, the Company has not paid any claims or been required to defend any action related to its indemnification obligations, and accordingly, the Company has not accrued any amounts for such indemnification


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Table of Contents

 
MICRUS ENDOVASCULAR CORPORATION
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

obligations. However, the Company may record charges in the future as a result of these indemnification obligations.
 

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