DEFENSE AND INDEMNIFICATION OBLIGATION. Subject to the provisions of Section 3, Golden West shall defend and indemnify Director with respect to any Proceeding to which Director is a party, or is threatened to be made a party, by reason of his or her Fund Status (as such terms are defined in Section 4). Under this defense and indemnity obligation, Golden West shall pay directly all Expenses actually and reasonably incurred by Director or on Director's behalf in connection with any such Proceeding, without the requirement that Director advance any funds for these purposes.
Appears in 6 contracts
Samples: Indemnification & Liability (Atlas Insurance Trust), Indemnification Agreement (Atlas Assets Inc), Indemnification & Liability (Atlas Assets Inc)
