Indemnification Clause Example with 4 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) Provided that the Executive has not been terminated for "Cause" as defined herein, the Company shall indemnify, defend and hold the Executive harmless, to the maximum extent permitted by law, against all judgments, fines, amounts paid in settlement and all reasonable expenses, including attorneys' fees incurred by the Executive, in connection with the defense of, or as a result of, any action or proceeding (or any appeal from any action or proceeding) in which the Executive is made or is thr...eatened to be made a party by reason of the fact that the Executive is or was an officer or director of the Company, regardless of whether such action or proceeding is one brought by or in the right of the Company. Each of the parties hereto shall give prompt notice to the other of any action or proceeding from which the Company is obligated to indemnify, defend, and hold harmless the Executive of which it or he (as the case may be) gains knowledge. (b) The Company agrees that the Executive shall be covered and insured up to the full limits provided by all directors' and officers' insurance which the Company then maintains to indemnify its directors and officers (and to indemnify the Company for any obligations which it incurs as a result of its undertaking to indemnify its officers and directors), subject to applicable deductibles and to the terms and conditions of such policies. View More
Found in Cardiff Lexington Corp contract

Variations of a "Indemnification" Clause from Business Contracts

Indemnification. (a) Provided that the Executive has not been terminated for "Cause" as defined herein, the The Company shall indemnify, defend defend, and hold the Executive harmless, harmless to the maximum extent permitted by law, law and the Company by-laws against all judgments, fines, amounts paid in settlement and all reasonable expenses, including attorneys' fees incurred by the Executive, in connection with the defense of, of or as a result of, of any action or proceeding (or any 8 appeal from any actio...n or proceeding) in which the Executive is made or is threatened to be made a party by reason of the fact that the Executive is or was an officer or director of the Company, regardless of whether such action or proceeding is one brought by or in Company. Subject to the right terms of the Company. Each of the parties hereto shall give prompt notice to the other of any action or proceeding from which Company's director and officer indemnification policies then in effect, the Company is obligated to indemnify, defend, and hold harmless the Executive of which it or he (as the case may be) gains knowledge. (b) The Company agrees acknowledges that the Executive shall will be covered and insured up to the full limits provided by all directors' and officers' insurance which the Company then maintains to indemnify its directors and officers (and to indemnify the Company for any obligations which it incurs as a result of its undertaking to indemnify its officers and directors), subject to applicable deductibles and to the terms and conditions of such policies. officers. View More
Found in PIER 1 IMPORTS INC contract
Indemnification. (a) Provided that the Executive has not been terminated for "Cause" as defined herein, the The Company shall indemnify, defend defend, and hold the Executive harmless, harmless to the maximum extent permitted by law, law and the Company by-laws against all judgments, fines, amounts paid in settlement and all reasonable expenses, including attorneys' fees incurred by the Executive, in connection with the defense of, of or as a result of, of any action or proceeding (or any appeal from any action ...or proceeding) in which the Executive is made or is threatened to be made a party by reason of the fact that the Executive is or was an officer or director of the Company, regardless of whether such action or proceeding is one brought by or in Company. Subject to the right terms of the Company. Each of the parties hereto shall give prompt notice to the other of any action or proceeding from which Company's director and officer indemnification policies then in effect, the Company is obligated to indemnify, defend, and hold harmless the Executive of which it or he (as the case may be) gains knowledge. (b) The Company agrees acknowledges that the Executive shall will be covered and insured up to the full limits provided by all directors' and officers' insurance which the Company then maintains to indemnify its directors and officers (and to indemnify the Company for any obligations which it incurs as a result of its undertaking to indemnify its officers and directors), subject to applicable deductibles and to the terms and conditions of such policies. officers. View More
Found in Abercrombie & Fitch Company contract
Indemnification. (a) Provided that the Executive has not been terminated for "Cause" as defined herein, the The Company shall indemnify, defend and hold the Executive harmless, to the maximum extent permitted by law, against all judgments, fines, amounts paid in settlement and all reasonable expenses, including attorneys' fees incurred by the Executive, him, in connection with the defense of, or as a result of, any action or proceeding (or any appeal from any action or proceeding) in which the Executive is made ...or is threatened to be made a party by reason of the fact that the Executive he is or was an officer or director of the Company, regardless of whether such action or proceeding is one brought by or in the right of the Company. Each of the parties hereto shall give prompt notice to the other of any action or proceeding from which the Company is obligated to indemnify, defend, defend and hold harmless the Executive of which it or he (as the case may be) gains knowledge. 8 (b) The Company agrees that the Executive shall be covered and insured up to the full limits provided by all directors' and officers' insurance which the Company then maintains to indemnify its directors and officers (and to indemnify the Company for any obligations which it incurs as a result of its undertaking to indemnify its officers and directors), subject to applicable deductibles and to the terms and conditions of such policies. (c) As used in this section 7, the term Company shall be construed to include the Company and its parent entities, affiliates and subsidiaries. View More
Found in Everest Re Group Ltd. contract
Indemnification. (a) Provided that the Executive has not been terminated for "Cause" as defined herein, the The Company shall indemnify, defend and hold the Executive harmless, to the maximum extent permitted by law, against all judgments, fines, amounts paid in settlement and all reasonable expenses, including attorneys' fees incurred by the Executive, him, in connection with the defense of, or as a result of, any action or proceeding (or any appeal from any action or proceeding) in which the Executive is made ...or is threatened to be made a party by reason of the fact that the Executive he is or was an officer or director of the Company, regardless of whether such action or proceeding is one brought by or in the right of the Company. Each of the parties hereto shall give prompt notice to the other of any action or proceeding from which the Company is obligated to indemnify, defend, defend and hold harmless the Executive of which it or he (as the case may be) gains knowledge. (b) The Company agrees that the Executive shall be covered and insured up to the full limits provided by all directors' directors and officers' officers insurance which the Company then maintains to indemnify its directors and officers (and to indemnify the Company for any obligations which it incurs as a result of its undertaking to indemnify its officers and directors), subject to applicable deductibles and to the terms and conditions of such policies. As used in this Section 8, the term Company shall be construed to include the Company and its parent entities, affiliates and subsidiaries. View More
Found in Everest Re Group Ltd. contract