Indemnification of Administrator. Southcoast shall indemnify and hold harmless the members of the Administrator against any and all claims, losses, damages, expenses, or liabilities arising from any action or failure to act with respect to this Agreement, except in the case of willful misconduct by the Administrator or any of its members.
Appears in 4 contracts
Samples: Endorsement Split Dollar Agreement (Southcoast Financial Corp), Endorsement Split Dollar Agreement (Southcoast Financial Corp), Endorsement Split Dollar Agreement (Southcoast Financial Corp)