INDEMNIFICATION AND ATTORNEYS' FEES. (a) The Bank shall indemnify, hold harmless and defend the Executive against reasonable costs, including legal fees, incurred by him in connection with his consultation with legal counsel or arising out of any action, suit or proceeding in which he may be involved, as a result of his efforts, in good faith, to defend or enforce the terms of this Agreement. The Bank agrees to pay all such costs as they are incurred by the Executive, to the full extent permitted by law, and without regard to whether the Bank believes that it has a defense to any action, suit or proceeding by the Executive or that it is not obligated for any payments under this Agreement.
Appears in 10 contracts
Samples: Jamaica Savings Bank FSB Employment Agreement (JSB Financial Inc), Bank FSB Employment Agreement (JSB Financial Inc), Jamaica Savings Bank FSB Employment Agreement (JSB Financial Inc)
INDEMNIFICATION AND ATTORNEYS' FEES. (a) The Bank shall indemnify, hold harmless and defend the Executive against reasonable costs, including legal fees, incurred by him in connection with his consultation with legal counsel or arising out of any action, suit or proceeding in which he may be involved, as a result of his efforts, in good faith, to defend or enforce the terms of this Agreement. The Bank agrees to pay all such costs as they are incurred by the Executive, to the full extent permitted by law, and without regard to whether the Bank believes that it has a defense to any action, suit or proceeding by the Executive or that it is not obligated for any payments under this Agreement.
Appears in 6 contracts
Samples: Employment Agreement (Tr Financial Corp), Employment Agreement (Tr Financial Corp), Employment Agreement (Tr Financial Corp)
INDEMNIFICATION AND ATTORNEYS' FEES. (a) The Bank shall indemnify, hold harmless and defend the Executive against reasonable costs, including legal fees, incurred by him her in connection with his her consultation with legal counsel or arising out of any action, suit or proceeding in which he she may be involved, as a result of his her efforts, in good faith, to defend or enforce the terms of this Agreement. The Bank agrees to pay all such costs as they are incurred by the Executive, to the full extent permitted by law, and without regard to whether the Bank believes that it has a defense to any action, suit or proceeding by the Executive or that it is not obligated for any payments under this Agreement.
Appears in 4 contracts
Samples: Jamaica Savings Bank FSB Employment Agreement (JSB Financial Inc), Jamaica Savings Bank FSB Employment Agreement (JSB Financial Inc), Jamaica Savings Bank FSB Employment Agreement (JSB Financial Inc)
