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 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 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 Company or the Bank or any affiliate (whether or not he 6170527.2 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 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 (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 to the fullest extent administrators) as permitted under applicable federal 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 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. settlements. (b) Any indemnification by the Bank shall be payments made to Executive pursuant to this Section are subject to and conditioned upon compliance with 12 C.F.R.§§145.121 and 359.5 and any applicable rules or regulations of the Federal Deposit Insurance Corporation. promulgated thereunder. View More
Indemnification. (a) The Company or the Association 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 law law, including 12 C.F.R. Section 145.121, against all... expenses and liabilities reasonably incurred by him in connection with or arising out of any action, suit or proceeding in which he she may be involved by reason of his having been a director or officer of the Bank Company or any affiliate the Association (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 costs, 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 Michigan 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 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 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 h...im 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 affiliate Company (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 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 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 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 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 the 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, or in lieu thereof, shall indemnify the Executive (and his 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 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 Bank, Alliance Bancorp or any affiliate of their subsidiaries or affiliates (whether or not he 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
Indemnification. (a) The Holding 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, 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 Delaware law against all expenses and liabilities reasonably incurr...ed 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 affiliate Holding Company (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. settlements. View More
Indemnification. (a) The Bank shall provide the Executive shall be provided with coverage under a standard directors' and officers' liability insurance policy, and shall be indemnified policy as is provided for the term other directors and officers of this Agreement the Holding Company and for a period of six years thereafter the Bank, at its expense, and hereby indemnifies the Executive to the fullest extent permitted under applicable Washington and federal law and the Articles of Incorporation and Bylaws of th...e Holding Company and the Bank 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 the Executive having been a director or officer of the Holding Company or the Bank or any affiliate (whether or not he the 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, judgment, 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) 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 him having been a director or an officer of the Bank or any affiliate (whether or not he continues to be a director or an 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 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
