Common use of Indemnification of Committee Members Clause in Contracts

Indemnification of Committee Members. The Company shall defend, ------------------------------------ indemnify and hold harmless each member of the Committee against any and all claims, loss, damages, expense and liability arising from any actual or alleged action or failure to act in connection with the administration of the Option granted pursuant hereto, except when the same is judicially determined to be due to the gross negligence or willful misconduct of such Committee member.

Appears in 3 contracts

Samples: Stock Option Agreement (American Pacific Corp), Stock Option Agreement (American Pacific Corp), Stock Option Agreement (American Pacific Corp)

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Indemnification of Committee Members. The Company shall defend, ------------------------------------ indemnify and hold harmless each member of the Committee from and against any and all claims, losslosses, damages, expense expenses (including reasonable attorneys' fees approved by the Company), and liability (including any reasonable amounts paid in settlement with the Company's approval), arising from any actual act or alleged action or failure to act in connection with the administration omission of the Option granted pursuant heretosuch member, except when the same is judicially determined to be due to the gross negligence or willful misconduct of such Committee member.

Appears in 3 contracts

Samples: Profit Sharing Retirement Plan and Trust Agreement (Freedom Securities Corp /De/), Profit Sharing Retirement Plan and Trust Agreement (Freedom Securities Corp /De/), Deferred Savings Plan and Trust Agreement (Freedom Securities Corp /De/)

Indemnification of Committee Members. The Company shall defend, ------------------------------------ indemnify and hold harmless each member of the Committee against any and all claims, loss, damages, expense and liability arising from any actual or alleged action or failure to act in connection with the administration of the Option granted pursuant hereto, except when the same is judicially determined to be due to the gross negligence or willful misconduct of such Committee member.

Appears in 3 contracts

Samples: Stock Option Agreement (American Pacific Corp), Stock Option Agreement (American Pacific Corp), Stock Option Agreement (American Pacific Corp)

Indemnification of Committee Members. The Company Participating Companies shall defend, ------------------------------------ indemnify and hold harmless each member of the Committee against any and all liability, claims, loss, damages, damages and expense and liability arising from (including all expenses reasonably incurred in such Committee member’s defense in the event that the Company or any actual or alleged action or failure Participating Company fails to act provide such defense upon such Outside Directors’ DCP Committee member’s written request) which the Committee member may incur while acting in connection with good faith in the administration of the Option granted pursuant hereto, except when the same is judicially determined to be due to the gross negligence or willful misconduct of such Committee member.Plan. Outside Directors’ DCP

Appears in 1 contract

Samples: Outside Directors’ Deferred Compensation Plan (Coinstar Inc)

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Indemnification of Committee Members. The Company Participating Companies shall defend, ------------------------------------ indemnify and hold harmless each member of the Committee against any and all liability, claims, loss, damages, damages and expense and liability arising from any actual or alleged action or failure (including all expenses reasonably incurred in his defense in the event that the Participating Companies fail to act provide such defense upon his written request) which the Committee member may incur while acting in connection with good faith in the administration of the Option granted pursuant hereto, except when the same is judicially determined to be due to the gross negligence or willful misconduct of such Committee memberPlan.

Appears in 1 contract

Samples: Deferred Compensation Plan (Saks Inc)

Indemnification of Committee Members. The Company shall defend, ------------------------------------ indemnify and hold harmless each member of the Committee against any and all claims, loss, damages, expense and liability arising from any actual or alleged action or failure to act in connection with the administration of the Option granted pursuant hereto, 2 except when the same is judicially determined to be due to the gross negligence or willful misconduct of such Committee member.

Appears in 1 contract

Samples: Stock Option Agreement (American Pacific Corp)

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