Common use of Indemnification and Insurance Clause in Contracts

Indemnification and Insurance. (a) During the Employment Period and for a period of six (6) years thereafter, the Company shall cause the Executive to be covered by and named as an insured under any policy or contract of insurance obtained by it to insure its directors and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company or service in other capacities at the request of the Company. The coverage provided to the Executive pursuant to this Section 6 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company.

Appears in 31 contracts

Samples: Employment Agreement (Western New England Bancorp, Inc.), Employment Agreement (Western New England Bancorp, Inc.), Employment Agreement (Astoria Financial Corp)

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Indemnification and Insurance. (a) During the Employment Period and for a period of six (6) years thereafter, the Company Association shall cause the Executive to be covered by and named as an insured under any policy or contract of insurance obtained by it to insure its directors and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company Association or service in other capacities at the request of the CompanyAssociation. The coverage provided to the Executive pursuant to this Section 6 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the CompanyAssociation.

Appears in 22 contracts

Samples: Employment Agreement (Astoria Financial Corp), Employment Agreement (Astoria Financial Corp), Employment Agreement (Astoria Financial Corp)

Indemnification and Insurance. (a) During the Employment Period and for a period of six (6) years thereafter, the Company shall cause the Executive to be covered by and named as an insured under any policy or contract of insurance obtained by it to insure its directors and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company or service in other capacities at the request of the Company’s request. The coverage provided to the Executive pursuant to this Section section 6 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company.

Appears in 6 contracts

Samples: Employment Agreement (Hudson City Bancorp Inc), Employment Agreement (Hudson City Bancorp Inc), Employment Agreement (Hudson City Bancorp Inc)

Indemnification and Insurance. (a) During the Employment Period and for a period of six (6) years thereafter, the Company shall cause the Executive to be covered by and named as an insured under any policy or contract of insurance obtained by it to insure its directors and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company or service in other capacities at the request of the Company. The coverage provided to the Executive pursuant to this Section section 6 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company.

Appears in 6 contracts

Samples: Employment Agreement (Westfield Financial Inc), Employment Agreement (Westfield Financial Inc), Employment Agreement (Westfield Financial Inc)

Indemnification and Insurance. (a) During the Employment Period and for a period of six (6) years thereafter, the Company shall cause the Executive to be covered by and named as an insured under any policy or contract of insurance obtained by it to insure its directors and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company or service in other capacities at the request of the Company. The coverage provided to the Executive pursuant to this Section section 6 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company.

Appears in 4 contracts

Samples: Employment Agreement (Westfield Financial Inc), Employment Agreement (Chicopee Bancorp, Inc.), Settlement Agreement (Westfield Financial Inc)

Indemnification and Insurance. (a) During the Employment Period and for a period of six (6) years thereafter, the Company shall cause the Executive to be covered by and named as an insured under any policy or contract of insurance obtained by it them to insure its their directors and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company or the Bank or service in other capacities at the request of the Companytheir request. The coverage provided to the Executive pursuant to this Section section 6 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company.

Appears in 3 contracts

Samples: Employment Agreement (Bridge Street Financial Inc), Employment Agreement (Bridge Street Financial Inc), Employment Agreement (Charter Financial Corp/Ga)

Indemnification and Insurance. (a) During To the maximum extent permitted under applicable law, during the Employment Period and for a period of six (6) years thereafter, the Company shall cause the Executive to be covered by and named as an insured under any policy or contract of insurance obtained by it them to insure its their directors and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company or the Bank or service in other capacities at the request of the Companytheir request. The coverage provided to the Executive pursuant to this Section section 6 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company.

Appears in 3 contracts

Samples: Employment Agreement (Charter Financial Corp/Ga), Employment Agreement (Charter Financial Corp), Employment Agreement (Lake Shore Bancorp, Inc.)

Indemnification and Insurance. (a) During the Employment Period and for a period of six (6) years thereafter, the Company shall cause the Executive to be covered by and named as an insured under any <PAGE> policy or contract of insurance obtained by it to insure its directors and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company or service in other capacities at the request of the Company. The coverage provided to the Executive pursuant to this Section section 6 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Westfield Financial Inc), Employment Agreement (Westfield Financial Inc)

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Indemnification and Insurance. (a) During To the extent permitted under applicable law, during the Employment Period and for a period of six (6) years thereafter, the Company shall cause the Executive to be covered by and named as an insured under any policy or contract of insurance obtained by it them to insure its their directors and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company or the Bank or service in other capacities at the request of the Companytheir request. The coverage provided to the Executive pursuant to this Section 6 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Charter Financial Corp), Employment Agreement (Charter Financial Corp)

Indemnification and Insurance. (a) During the Employment Period Term and for a period of six (6) years thereafter, the Company shall cause the Executive to be covered by and named as an insured under any policy or contract of insurance obtained by it to insure its directors and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company or service in other capacities at the request of the Company. The coverage provided to the Executive pursuant to this Section 6 13 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Hemagen Diagnostics Inc)

Indemnification and Insurance. (a) During the Employment Period and for a period of six (6) years thereafter, ,the Company shall cause the Executive to be covered by and named as an insured under any policy or contract of insurance obtained by it to insure its directors and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company or service in other capacities at the request of the Company. The coverage provided to the Executive pursuant to this Section section 6 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Indemnification and Insurance. (a) During To the maximum extent permitted under applicable law, during the Employment Period and for a period of six (6) years thereafter, the Company shall cause the Executive to be covered by and named as an insured under any policy or contract of insurance obtained by it them to insure its their directors and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company or the Bank or service in other capacities at the request of the Companytheir request. The coverage provided to the Executive pursuant to this Section section 6 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Lake Shore Bancorp, Inc.)

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