Hilton Local Development Corporation
Defense and Indemnification Policy


According to Article 18 of the Public Officers Law, the Hilton Local Development Corporation (the “Corporation”), Board of Directors are covered and the Corporation shall indemnify all members of the Board of the Corporation and each officer and employees thereof in the performance of their duties, and to the extent authorized by the Board, each other person authorized to act for the Corporation or on its behalf, to the full extent to which indemnification is permitted under the Not-For-Profit Corporation Law of the State of New York and under the Directors & Officers Liability Insurance which must be maintained and reviewed annually.


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