Common use of Indemnification and Insurance; Legal Expenses Clause in Contracts

Indemnification and Insurance; Legal Expenses. The Corporation shall indemnify and hold harmless the Executive (and his legal representatives or other successors) if he is a party, or is threatened to be made a party to any threatened, pending or completed action, suit, proceeding or claim, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation) by reason of the fact that the Executive is or was a director, officer or employee of the Corporation, against expenses (including reasonable attorney's fees), costs, judgments, fines and other amounts paid in settlement (if such settlement is approved by the Board of Directors) actually and reasonably incurred by him in connection with such action, suit or proceeding to the fullest extent permitted by law. The Corporation shall provide the Executive (including his heirs, executors and administrators) with coverage under a standard directors' and officer's liability insurance policy, which shall be in an amount not less than the directors' and officers' insurance available to the Executive on the date hereof.

Indemnification and Insurance; Legal Expenses. The Corporation shall indemnify and hold harmless the Executive (and his her legal representatives or other successors) if he she is a party, or is threatened to be made a party to any threatened, pending or completed action, suit, proceeding or claim, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation) by reason of the fact that the Executive is or was a director, officer or employee of the Corporation, against expenses (including reasonable attorney's fees), costs, judgments, fines and other amounts paid in settlement (if such settlement is approved by the Board of Directors) actually and reasonably incurred by him her in connection with such action, suit or proceeding to the fullest extent permitted by law. The Corporation shall provide the Executive (including his her heirs, executors and administrators) with coverage under a standard directors' and officer's liability insurance policy, which shall be in an amount not less than the directors' and officers' insurance available to the Executive on the date hereof.

Indemnification and Insurance; Legal Expenses. The Corporation shall indemnify and hold harmless the Executive (and his her legal representatives or other successors) if he she is a party, or is threatened to be made a party to any threatened, pending or completed action, suit, proceeding or claim, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation) by reason of the fact that the Executive is or was a director, officer or employee of the Corporation, against expenses (including reasonable attorney's fees), costs, judgments, fines and other amounts paid in settlement (if such settlement is approved by the Board of Directors) actually and reasonably incurred by him her in connection with such action, suit or proceeding to the fullest extent permitted by law. The Corporation shall provide the Executive (including his hers heirs, executors and administrators) with coverage under a standard directors' and officer's liability insurance policy, which shall be in an amount not less than the directors' and officers' insurance available to the Executive on the date hereof.