Board Liability Sample Clauses

Board Liability. The Association shall indemnify and hold harmless against any and all claims, demands, suits, and other forms of liability for reasonable counsel fees, and other legal cost and expenses that may arise our of, or by reason of, any action taken or not taken by the employer in conformance with this provision.
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Board Liability. The Board continues to recognize its liability to the Union for any undue failure or neglect on its part to implement any benefit plan agreed upon in writing between the Board and the Union.
Board Liability. The Board is not liable for sick days under this Agreement in excess of those actually contributed by participating members. The Board will not be liable in any one year for a total number of Sick Bank days in excess of two (2) times the total members in the Sick Bank.
Board Liability. The Board shall use its best judgment in voting the Shares, but shall not be liable for any vote cast, or consent given by them, in good faith, and in the absence of gross negligence. The Board may delegate any administrative duties, but may not delegate voting or other responsibilities requiring substantive decisions.
Board Liability. The Board, Members of the Board, officers of the Association, and the agents and employees of any (all of the above hereinafter referred to as the “Protected Parties), shall not be liable to the Lot Owners or any other person for any mistake of judgment or error or for any acts or omissions of any nature whatsoever in their respective positions, except for such acts or omissions found by a court of competent jurisdiction to have been made fraudulently or with gross negligence or criminal intent. The Lot Owners shall indemnify, hold harmless, protect and defend any and all of the Protected Parties against all claims, suits, losses, damages, costs and expenses, including, without limitation, attorney’s fees and amounts paid in reasonable settlement or compromise incurred in connection therewith. Each Lot Owner shall be entitled to a right of contribution from every other Lot Owner in respect of said indemnity to the end that, to the extent possible, the burden of any such indemnity shall be borne by the Lot Owners at the time the loss, cost, damage or expense is incurred in the proportion that the number of Lots in the subdivision owned by each respective Lot Owner bears to the total number of Lots in the subdivision at the time the loss, cost, damage or expense is incurred. The Board shall assess each Lot Owner for his share of the cost of such indemnification, and such assessment shall be collectible and enforceable in mode and manner as set forth in Article 7 hereof. To the extent possible the obligation of the Lot Owners for indemnification and the Board’s liability hereunder shall be insured by means of appropriate contractual endorsements to the comprehensive general liability insurance policies held from time to time by the Association.
Board Liability. The Employer recognizes its liability to the Union and employees for any undue failure or neglect on its part to implement any benefit plan agreed upon in writing between the Employer and the Union.

Related to Board Liability

  • No Personal Liability of Directors, Officers, Employees and Unitholders None of the General Partner or any past, present or future director, officer, partner, employee, incorporator, manager or unitholder or other owner of Capital Stock of the General Partner, the Issuers or any Guarantor, as such, shall have any liability for any obligations of the Issuers or any Guarantor under the Notes, the Subsidiary Guarantees or this Indenture, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

  • No Personal Liability of Directors, Officers, Employees and Stockholders No past, present or future director, officer, employee, incorporator or stockholder of the Company, as such, will have any liability for any obligations of the Company under the Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

  • Indemnification and Liability A. Neither the Contractor, OSC, nor the State shall be liable for any delay or failure in performance beyond its control resulting from acts of war, hostility or sabotage; act of God; electrical, internet or telecommunications outage that is not caused by the obligated party; or government restrictions, or other force majeure. The parties shall use reasonable efforts to eliminate or minimize the effect of such force majeure events upon performance of their respective duties under this Agreement. If such event continues for more than 90 days, either party may terminate all or any agreed upon portion of the Agreement immediately upon written notice. This section does not excuse either party’s obligation to take reasonable steps to follow its normal disaster recovery procedures, or OSC’s obligation to pay for Services provided by the Contractor which have been approved by OSC.

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