Common use of Indemnification of Committee Members Clause in Contracts

Indemnification of Committee Members. The Company shall indemnify and hold harmless each member of the Committee from and against any and all claims, losses, damages, 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 act or omission of such member, except when the same is judicially determined to be due to the willful misconduct of such member.

Appears in 3 contracts

Samples: And Trust Agreement (Freedom Securities Corp /De/), Trust Agreement (Freedom Securities Corp /De/), Trust Agreement (Freedom Securities Corp /De/)

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Indemnification of Committee Members. The Company Participating Companies shall indemnify and hold harmless each member of the Committee from and against any and all liability, claims, losses, damages, expenses damages and expense (including reasonable attorneys' fees approved by all expenses reasonably incurred in his defense in the Company), and liability (including any reasonable amounts paid event that the Participating Companies fail to provide such defense upon his written request) which the Committee member may incur while acting in settlement with good faith in the Company's approval), arising from any act or omission administration of such member, except when the same is judicially determined to be due to the willful misconduct of such memberPlan.

Appears in 1 contract

Samples: Saks Inc

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Indemnification of Committee Members. The Company Participating Companies shall indemnify and hold harmless each member of the Committee from and against any and all liability, claims, losses, damages, expenses damages and expense (including reasonable attorneys' fees approved by all expenses reasonably incurred in such Committee member’s defense in the Company), and liability (including event that the Company or any reasonable amounts paid Participating Company fails to provide such defense upon such Outside Directors’ DCP Committee member’s written request) which the Committee member may incur while acting in settlement with good faith in the Company's approval), arising from any act or omission administration of such member, except when the same is judicially determined to be due to the willful misconduct of such member.Plan. Outside Directors’ DCP

Appears in 1 contract

Samples: Coinstar Inc

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