Common use of Indemnification of Plan Administrator Clause in Contracts

Indemnification of Plan Administrator. The Bank shall indemnify and hold harmless the members of the Plan 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 Plan Administrator or any of its members.

Appears in 12 contracts

Samples: Director Retirement Agreement, Director Retirement Agreement (Carolina Bank Holdings Inc), Director Retirement Agreement (Carolina Bank Holdings Inc)

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Indemnification of Plan Administrator. The Bank shall indemnify and hold harmless any party contracted for the members purposes of assisting the Plan Administrator in performing its duties under this Agreement against any and all claims, losses, damages, expenses, 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 Plan Administrator or any of its memberssuch contracted party.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Agreement (Stewardship Financial Corp), Supplemental Executive Retirement Agreement (Stewardship Financial Corp), Supplemental Executive Retirement Agreement (Stewardship Financial Corp)

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