Indemnification of Officers and Employees. The Company may, in its sole and absolute discretion, defend, indemnify and hold harmless the Officers, employees or agents of the Company against judgments, settlements, penalties, fines or expenses incurred because such person is or was an Officer, employee or agent of the Company,
Indemnification of Officers and Employees. The Company may, to the extent authorized from time to time by the Board, grant rights to indemnification and to advancement of expenses to any officer, employee or agent of the Company to the fullest extent of the provisions of this ARTICLE XI with respect to the indemnification and advancement of expenses of Members and the Manager.
Indemnification of Officers and Employees. The Company shall indemnify, protect and hold Employee harmless, to the fullest extent permitted by Texas law and the Company's certificate of incorporation, as amended, and its by-laws, from any and all claims and legal actions against the Company including but not limited to product liability claims, shareholder or government claims, fines, penalties, or legal actions; or any other tort or action against the Employee as a result of Employee's employment by Company. Company does not presently maintain officer and director liability insurance. However, if the Company does obtain such coverage in the future, the Company will immediately cause said Employee to be covered by said insurance.
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Indemnification of Officers and Employees. The Company may, to the extent authorized from time to time by the Managers, grant rights to indemnification and to advancement of expenses to any officer, employee or agent of the Company to the fullest extent of the provisions of this ARTICLE XI with respect to the indemnification and advancement of expenses of Members of the Company.
Indemnification of Officers and Employees. The Trust shall have the power and authority to indemnify and hold harmless to the full extent permitted by Florida Statutes any person who is or was a Trustee, officer, employee or agent of the Trust. The Trust may purchase and maintain insurance on behalf of any person who is or was a Trustee, attorney, officer, employee or agent of the Trust, against any liability asserted against him/her and incurred by him/her in any such capacity, or arising from his/her status as such, regardless of whether the Trust had the power to indemnify him/her against such liability.
Indemnification of Officers and Employees. The Company shall indemnify, protect and hold Employee harmless from any and all claims and legal actions against the Company including but not limited to product liability claims, shareholder or government claims, fines, penalties, or legal actions; or any other tort or action against the Employee as a result of Employee's employment by Company. Company does not presently carry officer and director liability insurance, but will purchase such insurance commensurate with the business(es) undertaken by the Company when cash flow is sufficient to pay the premiums therefor.
Indemnification of Officers and Employees. Section 23.1 The Bank shall indemnify any officer and/or employee, or any former officer and/or employee, who was or is a party to, or is threatened to be made a party to, or who is called to be a witness in connection with, any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Bank) by reason of the fact that such person is or was an officer and/or employee of the Bank, or is or was serving at the request of the Bank as a director, officer, employee or agent of a corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding if he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the Bank, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, shall not of itself create a presumption that the person did not act in good faith and in a manner which he reasonably believed to be in, or not opposed to, the best interests of the Bank, and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his conduct was unlawful.
Indemnification of Officers and Employees. The Company may, in its sole and absolute discretion, defend, indemnify and hold harmless the Officers, employees or agents of the Company against judgments, settlements, penalties, fines or expenses incurred because such person is or was an Officer, employee or agent of the Company, except in the case of an Officer's, employee's or agent's fraud, willful misconduct, malfeasance or bad faith.
Indemnification of Officers and Employees
