Indemnification Clause Example with 63 Variations from Business Contracts
This page contains Indemnification clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Indemnification. (a) Executive shall be provided with coverage under a standard directors' and officers' liability insurance policy, and shall be indemnified for the term of this Agreement and for a period of six years thereafter to the fullest extent permitted under applicable law against all expenses and liabilities reasonably incurred by him in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his having been a director or officer of the Bank or any affi...liate (whether or not he continues to be a director or officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements (such settlements must be approved by the Board), provided, however, Executive shall not be indemnified or reimbursed for legal expenses or liabilities incurred in connection with an action, suit or proceeding arising from any illegal or fraudulent act committed by Executive. Any such indemnification shall be made consistent with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), and the regulations issued thereunder in 12 C.F.R. Part 359. (b) Any indemnification by the Bank shall be subject to compliance with any applicable regulations of the Federal Deposit Insurance Corporation.View More
Variations of a "Indemnification" Clause from Business Contracts
Indemnification. (a) The Bank shall provide Executive shall be provided (including Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense, and shall be indemnified for indemnify Executive (and Executive's heirs, executors and administrators) in accordance with the term charter and bylaws of this Agreement the Bank and for a period of six years thereafter to the fullest extent permitted under applicable law against... all expenses and liabilities reasonably incurred by him Executive in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his Executive having been a director or officer of the Bank or any subsidiary or affiliate (whether or not he continues to be a director or officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements (such settlements must be approved by the Board), provided, however, Executive shall not be indemnified or reimbursed for legal expenses or liabilities incurred in connection with an action, suit or proceeding arising from any illegal or fraudulent act committed by Executive. Any such indemnification shall be made consistent with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), and the regulations issued thereunder in 12 C.F.R. Part 359. (b) Any indemnification by the Bank shall be subject to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. Bank. 13 17. NOTICE. View More
Indemnification. (a) The Bank shall provide Executive shall be provided (including Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense, and shall be indemnified for indemnify Executive (and Executive's heirs, executors and administrators) in accordance with the term charter and bylaws of this Agreement the Bank and for a period of six years thereafter to the fullest extent permitted under applicable law against... all expenses and liabilities (including attorneys' fees) reasonably incurred by him Executive in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his Executive having been a director or officer of the Bank or any subsidiary or affiliate (whether or not he continues to be a director or officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements (such settlements must be approved by the Board), provided, however, Executive shall not be indemnified or reimbursed for legal expenses or liabilities incurred in connection with an action, suit or proceeding arising from any illegal or fraudulent act committed by Executive. Any such indemnification shall be made consistent with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), and the regulations issued thereunder in 12 C.F.R. Part 359. (b) Any indemnification by the Bank shall be subject to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. Bank. View More
Indemnification. (a) The Bank will provide the Executive shall be provided (including the Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense, and shall be indemnified for will indemnify the term Executive (and the Executive's heirs, executors and administrators) in accordance with the charter and bylaws of this Agreement the Bank and for a period of six years thereafter to the fullest extent permitted under ap...plicable law against all expenses and liabilities reasonably incurred by him the Executive in connection with or arising out of any action, suit or proceeding in which he the Executive may be involved by reason of his having been a trustee, director or officer of the Bank or any subsidiary or affiliate (whether of the Bank. 13 16. TAX WITHHOLDING. The Bank may withhold from any amounts payable to the Executive hereunder all federal, state, local or not he continues other taxes that the Bank may reasonably determine are required to be a director withheld pursuant to any applicable law or officer at the time regulation (it being understood that Executive is responsible for payment of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements (such settlements must be approved by the Board), provided, however, Executive shall not be indemnified or reimbursed for legal expenses or liabilities incurred all taxes in connection with an action, suit or proceeding arising from any illegal or fraudulent act committed by Executive. Any such indemnification shall be made consistent with Section 18(k) respect of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), payments and the regulations issued thereunder in 12 C.F.R. Part 359. (b) Any indemnification by the Bank shall be subject to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. benefits provided herein). View More
Indemnification. (a) The Bank will provide Executive shall be provided (including Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense, and shall be indemnified for will indemnify Executive (and Executive's heirs, executors and administrators) in accordance with the term charter and bylaws of this Agreement the Bank and for a period of six years thereafter to the fullest extent permitted under applicable law aga...inst all expenses and liabilities reasonably incurred by him Executive in connection with or arising out of any action, suit or proceeding in which he Executive may be involved by reason of his having been a trustee, director or officer of the Bank or any subsidiary or affiliate (whether of the Bank. 12 17. TAX WITHHOLDING. The Bank may withhold from any amounts payable to Executive hereunder all federal, state, local or not he continues other taxes that the Bank may reasonably determine are required to be a director withheld pursuant to any applicable law or officer at the time regulation (it being understood that Executive is responsible for payment of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements (such settlements must be approved by the Board), provided, however, Executive shall not be indemnified or reimbursed for legal expenses or liabilities incurred all taxes in connection with an action, suit or proceeding arising from any illegal or fraudulent act committed by Executive. Any such indemnification shall be made consistent with Section 18(k) respect of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), payments and the regulations issued thereunder in 12 C.F.R. Part 359. (b) Any indemnification by the Bank shall be subject to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. benefits provided herein). View More
Indemnification. (a) The Bank will provide the Executive shall be provided (including the Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense, and shall be indemnified for will indemnify the term Executive (and the Executive's heirs, executors and administrators) in accordance with the charter and bylaws of this Agreement the Bank and for a period of six years thereafter to the fullest extent permitted under ap...plicable law against all expenses and liabilities reasonably incurred by him the Executive in connection with or arising out of any action, suit or proceeding in which he the Executive may be involved by reason of his having been a trustee, director or officer of the Bank or any subsidiary or affiliate (whether of the Bank. 12 16. TAX Withholding. The Bank may withhold from any amounts payable to the Executive hereunder all federal, state, local or not he continues other taxes that the Bank may reasonably determine are required to be a director withheld pursuant to any applicable law or officer at the time regulation (it being understood that Executive is responsible for payment of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements (such settlements must be approved by the Board), provided, however, Executive shall not be indemnified or reimbursed for legal expenses or liabilities incurred all taxes in connection with an action, suit or proceeding arising from any illegal or fraudulent act committed by Executive. Any such indemnification shall be made consistent with Section 18(k) respect of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), payments and the regulations issued thereunder in 12 C.F.R. Part 359. (b) Any indemnification by the Bank shall be subject to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. benefits provided herein). View More
Indemnification. (a) The Bank will provide the Executive shall be provided (including the Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense, and shall be indemnified for will indemnify the term Executive (and the Executive's heirs, executors and 13 administrators) in accordance with the charter and bylaws of this Agreement the Bank and for a period of six years thereafter to the fullest extent permitted under... applicable law against all expenses and liabilities reasonably incurred by him the Executive in connection with or arising out of any action, suit or proceeding in which he the Executive may be involved by reason of his having been a trustee, director or officer of the Bank or any subsidiary or affiliate (whether or not he continues to be a director or officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements (such settlements must be approved by the Board), provided, however, Executive shall not be indemnified or reimbursed for legal expenses or liabilities incurred in connection with an action, suit or proceeding arising from any illegal or fraudulent act committed by Executive. Any such indemnification shall be made consistent with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), and the regulations issued thereunder in 12 C.F.R. Part 359. (b) Any indemnification by the Bank shall be subject to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. Bank. View More
Indemnification. (a) The Bank will provide the Executive shall be provided (including the Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense, and shall be indemnified for will indemnify the term Executive (and the Executive's heirs, executors and administrators) in accordance with the charter and bylaws of this Agreement the Bank and for a period of six years thereafter to the fullest extent permitted under ap...plicable law against all expenses and liabilities reasonably incurred by him the 13 Executive in connection with or arising out of any action, suit or proceeding in which he the Executive may be involved by reason of his having been a trustee, director or officer of the Bank or any subsidiary or affiliate (whether or not he continues to be a director or officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements (such settlements must be approved by the Board), provided, however, Executive shall not be indemnified or reimbursed for legal expenses or liabilities incurred in connection with an action, suit or proceeding arising from any illegal or fraudulent act committed by Executive. Any such indemnification shall be made consistent with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), and the regulations issued thereunder in 12 C.F.R. Part 359. (b) Any indemnification by the Bank shall be subject to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. Bank. View More
Indemnification. (a) The Bank shall provide Executive shall be provided (including Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense, and shall be indemnified for indemnify Executive (and Executive's heirs, executors and administrators) in accordance with the term charter and bylaws of this Agreement the Bank and for a period of six years thereafter to the fullest extent permitted under applicable law against... all expenses and liabilities reasonably incurred by him Executive in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his Executive having been a director or officer of the Bank or any subsidiary or affiliate (whether or not he continues to be a director or officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements (such settlements must be approved by the Board), provided, however, Executive shall not be indemnified or reimbursed for legal expenses or liabilities incurred in connection with an action, suit or proceeding arising from any illegal or fraudulent act committed by Executive. Any such indemnification shall be made consistent with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), and the regulations issued thereunder in 12 C.F.R. Part 359. (b) Any indemnification by the Bank shall be subject to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. Bank. 13 17. NOTICE. View More
Indemnification. (a) The Bank will provide the Executive shall be provided (including the Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense, and shall be indemnified for will indemnify the term Executive (and the Executive's heirs, executors and administrators) in accordance with the charter and bylaws of this Agreement the Bank and for a period of six years thereafter to the fullest extent permitted under ap...plicable law against all expenses and liabilities reasonably incurred by him the Executive in connection with or arising out of any action, suit or proceeding in which he the Executive may be involved by reason of his having been a trustee, director or officer of the Bank or any subsidiary or affiliate (whether or not he continues to be a director or officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements (such settlements must be approved by the Board), provided, however, Executive shall not be indemnified or reimbursed for legal expenses or liabilities incurred in connection with an action, suit or proceeding arising from any illegal or fraudulent act committed by Executive. Any such indemnification shall be made consistent with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), and the regulations issued thereunder in 12 C.F.R. Part 359. (b) Any indemnification by the Bank shall be subject to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. Bank. View More
Indemnification. (a) The Bank will provide Executive shall be provided (including Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense, and shall be indemnified for will indemnify Executive (and Executive's heirs, executors and administrators) in accordance with the term charter and bylaws of this Agreement the Bank and for a period of six years thereafter to the fullest extent permitted under applicable law aga...inst all expenses and liabilities reasonably incurred by him Executive in connection with or arising out of any action, suit or proceeding in which he Executive may be involved by reason of his having been a trustee, director or officer of the Bank or any subsidiary or affiliate (whether or not he continues to be a director or officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements (such settlements must be approved by the Board), provided, however, Executive shall not be indemnified or reimbursed for legal expenses or liabilities incurred in connection with an action, suit or proceeding arising from any illegal or fraudulent act committed by Executive. Any such indemnification shall be made consistent with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), and the regulations issued thereunder in 12 C.F.R. Part 359. (b) Any indemnification by the Bank shall be subject to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. Bank. View More
