Common use of Indemnification of Executive Clause in Contracts

Indemnification of Executive. Company shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Chief Financial Officer to the extent permitted by the Company’s articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company’s liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 3 contracts

Samples: Employment Agreement (BM Technologies, Inc.), Employment Agreement (BM Technologies, Inc.), Employment Agreement (Customers Bancorp, Inc.)

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Indemnification of Executive. Company shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Chief Financial Executive Officer to the extent permitted by the Company’s 's articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company’s 's liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 2 contracts

Samples: Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers Bancorp, Inc.)

Indemnification of Executive. Company Bank shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as President and Chief Financial Operating Officer to the extent permitted by the CompanyBank’s articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company Bank shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the CompanyBank’s liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 2 contracts

Samples: Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers 1st Bancorp, Inc.)

Indemnification of Executive. Company shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Chief Financial Executive Officer to the extent permitted by the Company’s articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company’s liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 2 contracts

Samples: Employment Agreement (BM Technologies, Inc.), Employment Agreement (BM Technologies, Inc.)

Indemnification of Executive. Company shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Chief Financial Operating Officer to the extent permitted by the Company’s 's articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company’s 's liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 2 contracts

Samples: Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers Bancorp, Inc.)

Indemnification of Executive. Company Bank shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as President and Chief Financial Officer to the extent permitted by the CompanyBank’s articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company Bank shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the CompanyBank’s liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 2 contracts

Samples: Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers 1st Bancorp, Inc.)

Indemnification of Executive. Company shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Chief Financial Technology Officer to the extent permitted by the Company’s articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company’s liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 1 contract

Samples: Employment Agreement (BM Technologies, Inc.)

Indemnification of Executive. Company shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Chief Financial Customer Officer to the extent permitted by the Company’s articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company’s liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 1 contract

Samples: Employment Agreement (BM Technologies, Inc.)

Indemnification of Executive. Company shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Chief Financial Operating Officer to the extent permitted by the Company’s articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company’s liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 1 contract

Samples: Employment Agreement (BM Technologies, Inc.)

Indemnification of Executive. Company shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Head of Corporate Development and Chief Financial Operating Officer of Customers Bank to the extent permitted by the Company’s articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company’s liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 1 contract

Samples: Employment Agreement (Customers Bancorp, Inc.)

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Indemnification of Executive. Company shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Chief Financial Commercial Officer to the extent permitted by the Company’s articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company’s liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 1 contract

Samples: Employment Agreement (BM Technologies, Inc.)

Indemnification of Executive. Company Bank shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Chief Financial Officer to the extent permitted by the CompanyBank’s articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company Bank shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the CompanyBank’s liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 1 contract

Samples: Employment Agreement (Customers Bancorp, Inc.)

Indemnification of Executive. Company Bank shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Chief Financial Executive Officer to the extent permitted by the Company’s Bank's articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company Bank shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company’s Bank's liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 1 contract

Samples: Employment Agreement (Customers 1st Bancorp, Inc.)

Indemnification of Executive. Company Bank shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Chief Financial Officer President and New England President to the extent permitted by the Company’s Bank's articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company Bank shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company’s Bank's liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 1 contract

Samples: Employment Agreement (Customers Bancorp, Inc.)

Indemnification of Executive. Company shall indemnify Executive against any liability incurred in connection with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was serving as Chief Financial Officer to the extent permitted by the Company’s 's articles of incorporation, bylaws and applicable law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company shall cause its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company’s 's liability insurance policy permits coverage for actions or omissions of former directors or officers.

Appears in 1 contract

Samples: Employment Agreement (Customers Bancorp, Inc.)

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