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. View More
Indemnification. (a) The Company 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 the term of this Agreement indemnify Executive (and Executive's heirs, executors and for a period of six years thereafter administrators) to the fullest extent permitted under applicable Delaware law against all expenses and liabilities reasonabl...y 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 Executive's having been a director or officer of the Bank or any affiliate Company (whether or not he Executive 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. settlements. View More
Indemnification. (a) Except as prohibited by applicable law, the Company shall provide Executive shall be provided (including his heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense on terms and conditions at least as favorable as the most favorable coverage in effect for other directors and officers of the Company (or any successor) and shall be indemnified for the term of this Agreement indemnify Executive (and his heirs..., executors and for a period of six years thereafter administrators) to the fullest extent permitted under applicable New Jersey 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 Company or any affiliate its affiliates (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 costs 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. settlements. View More
Indemnification. (a) The Bank shall provide Executive shall be provided (and 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 the term of this Agreement indemnify Executive (and Executive's heirs, executors and for a period of six years thereafter administrators) to the fullest extent permitted under applicable law against all expenses and liabilities reasonably incurred by him i...n 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 director or officer of the Bank or any affiliate (whether or not he Executive 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 costs, attorneys' fees and the cost costs of reasonable settlements (such settlements must be approved settlements. 6 14. Successors to the Bank. The Bank shall require any successor or assignee, whether direct or indirect, by the Board), provided, however, Executive shall not be indemnified purchase, merger, consolidation or reimbursed for legal expenses otherwise, to all 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) substantially all of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), business or assets of the Bank, expressly and unconditionally to assume and agree to perform the regulations issued thereunder Bank's obligations under this Agreement, in 12 C.F.R. Part 359. (b) Any indemnification by the same manner and to the same extent that the Bank shall would be subject required to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. perform if no such succession or assignment had taken place. View More
Indemnification. (a) The Bank shall provide Executive shall be provided with coverage under a standard directors' and officers' liability insurance policy, and policy at its expense, or in lieu thereof, shall be indemnified for the term of this Agreement and for a period of six years thereafter indemnify Executive to the fullest extent permitted under applicable Tennessee and federal law and regulations and the Bank's Charter and Bylaws against all expenses and liabilities reasonably incurred by him in connectio...n with or arising out of any action, suit or proceeding initiated by a person or entity not a party to this Agreement in which he may be involved by reason of his having been a an officer or director or officer of the Bank or any affiliate (whether or not he continues to be a an officer or director or officer at the time of incurring such expenses expense or liabilities), such expenses and that is a result of actions or omissions taken in the course and scope of his duties as an officer or director of the Bank. Such expense and liabilities to include, but are not be limited to, judgments, judgment, court costs costs, and reasonable attorneys' fees and the cost of reasonable settlements (such settlements must be approved settlement. 7 20. SUCCESSOR TO THE BANK. The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the Board), provided, however, Executive shall not be indemnified business 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) assets of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), Bank, expressly and unconditionally to assume and agree to perform the regulations issued thereunder Bank's obligations under this Agreement, in 12 C.F.R. Part 359. (b) Any indemnification by the same manner and to the same extent that the Bank shall would be subject required to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. perform if no such succession or assignment had taken place. View More
Indemnification. (a) The Company or the Bank shall provide Executive shall be provided (including his heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense and shall be indemnified for the term of this Agreement indemnify Executive (and his heirs, executors and for a period of six years thereafter administrators) to the fullest extent permitted under applicable law law, including 12 C.F.R. Section 145.121, against all expens...es 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 Company or the Bank or any 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 costs, attorneys' fees and the cost costs of reasonable settlements (such settlements must be approved settlements. 6 15. Successors to the Bank and the Company. The Bank and the Company shall require any successor or assignee, whether direct or indirect, by the Board), provided, however, Executive shall not be indemnified purchase, merger, consolidation or reimbursed for legal expenses otherwise, to all 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) substantially all of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), business or assets of the Bank or the Company, expressly and unconditionally to assume and agree to perform the Bank's and the regulations issued thereunder Company's obligations under this Agreement, in 12 C.F.R. Part 359. (b) Any indemnification by the same manner and to the same extent that the Bank shall and the Company would be subject required to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. perform if no such succession or assignment had taken place. View More
Indemnification. (a) The Bank shall provide Executive shall be provided (including his heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense and shall be indemnified for the term of this Agreement indemnify Executive (and his heirs, executors and for a period of six years thereafter administrators) to the fullest extent permitted under applicable law against all expenses and liabilities reasonably incurred by him in connecti...on 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 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 costs, attorneys' fees and the cost costs of reasonable settlements (such settlements must be approved settlements. 6 15.Successors to the Bank. The Bank shall require any successor or assignee, whether direct or indirect, by the Board), provided, however, Executive shall not be indemnified purchase, merger, consolidation or reimbursed for legal expenses otherwise, to all 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) substantially all 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 business or assets of the Bank shall or the Corporation, expressly and unconditionally to assume and agree to perform the Bank's obligations under this Agreement, in the same manner and to the same extent that the Bank would be subject required to compliance with any applicable regulations of the Federal Deposit Insurance Corporation. perform if no such succession or assignment had taken place. View More
Indemnification. (a) The Company shall provide Executive shall be provided (including her heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense and shall be indemnified for the term of this Agreement indemnify Executive (and her heirs, executors and for a period of six years thereafter administrators) to the fullest extent permitted under applicable New Jersey law against all expenses and liabilities reasonably incurred by h...im her in connection with or arising out of any action, suit or proceeding in which he she may be involved by reason of his her having been a director or officer of the Bank or any affiliate Company (whether or not he she 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 costs 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. settlements. View More
Indemnification. (a) Except as prohibited by applicable law, the Company shall provide Executive shall be provided (including his heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense on terms and conditions at least as favorable as the most favorable coverage in effect for other directors and officers of the Company (or any successor) and shall be indemnified for the term of this Agreement indemnify Executive (and his heirs..., executors and for a period of six years thereafter administrators) to the fullest extent permitted under applicable New Jersey 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 Company or any affiliate its affiliates (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 costs of reasonable settlements (such settlements must be approved by settlements. The provisions of this Section 17 shall survive 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) expiration 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. this Agreement. View More
Indemnification. (a) The Bank shall provide the Executive shall be provided (including her heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy, policy at its expense, or in lieu thereof, shall indemnify the Executive (and her heirs, executors and shall be indemnified for the term of this Agreement and for a period of six years thereafter administrators) to the fullest extent permitted under applicable Pennsylvania law against all expenses and li...abilities reasonably incurred by him her in connection with or arising out of any action, suit or proceeding in which he she may be involved by reason of his her having been a director or officer of the Bank Bank, Alliance Bancorp or any affiliate of their subsidiaries or affiliates (whether or not he she continues to be a director or officer at the time of incurring such expenses or liabilities), such liabilities). Such expenses and liabilities to shall include, but shall 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. settlements. View More
