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 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, and shall be indemnified for indemnify the term of this Agreement Executive (and his heirs, executors and for a period of six years thereafter administrators) to the fullest extent 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 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 Board). If such action, suit or proceeding arising from any illegal is brought against the Executive in his capacity as an officer or fraudulent act committed by Executive. Any director of the Company, however, such indemnification shall not extend to matters as to which the Executive is finally adjudged to be made consistent with Section 18(k) liable for willful misconduct in the performance 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. his duties. 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 her in conne...ction 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 she may be involved by reason of his her 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 her 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 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. settlement. View More
Indemnification. (a) The Bank 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 against all expenses and liabilities reasonably incurred by him her in conn...ection 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 (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) 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 18 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... the Holding Company and the Bank 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 Holding 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, 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 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 against all expenses and liabilities reasonably incurred by him her in conn...ection 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 Company or the Bank or any affiliate (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 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 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 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 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 Company or the Bank or any affiliate (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 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 the expense of the Bank, and the Bank 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 incur...red 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 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) 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 law against all expenses and liabilities reasonably incurred by him in conne...ction 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 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) 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 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 Holding 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, 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 having been a director or an 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 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
