Common use of Indemnification of Plan Administrator Clause in Contracts

Indemnification of Plan Administrator. The Employer agrees to indemnify and to defend to the fullest extent permitted by law any officer(s), Employee(s) or Board Members who serve as Plan Administrator (including any such individual who formerly served as Plan Administrator) against all liabilities, damages, costs and expenses (including attorneys’ fees and amounts paid in settlement of any claims approved by the Employer) occasioned by any act or omission to act in connection with the Plan, if such act or omission is in good faith.

Appears in 1 contract

Samples: Nonqualified Deferred Compensation Plan (Si International Inc)

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Indemnification of Plan Administrator. The Employer agrees to indemnify and to defend to the fullest extent permitted by law any officer(s), Employee(s) or Board Members employee(s) who serve as Plan Administrator (including any such individual who formerly served as Plan Administrator) against all liabilities, damages, costs and expenses (including attorneys' fees and amounts paid in settlement of any claims approved by the Employer) occasioned by any act or omission to act in connection with the Plan, if such act or omission is in good faith.

Appears in 1 contract

Samples: Merrill Lynch Nonqualified Deferred Compensation Plan Adoption Agreement (Packaging Dynamics Corp)

Indemnification of Plan Administrator. The If the Plan Administrator is not the Employer, the Employer agrees to shall indemnify and to defend to hold harmless the fullest extent permitted by law any officer(s), Employee(s) or Board Members who serve as Plan Administrator (including from any such individual who formerly served as Plan Administrator) against and all liabilitiesclaims, loss, damages, costs and expenses (including attorneys’ reasonable counsel fees and amounts paid in settlement of any claims approved by the Employer) occasioned by and liability (including any reasonable amounts paid in settlement with the Employer's approval), arising from any act or omission of such Plan Administrator, except when the same is judicially determined to act in connection with be due to the Plan, if willful misconduct or gross negligence of such act or omission is in good faithPlan Administrator.

Appears in 1 contract

Samples: Adoption Agreement (Valley National Bancorp)

Indemnification of Plan Administrator. The Employer agrees to indemnify will indemnify, defend and to defend to hold harmless the fullest extent permitted by law any officer(s), Employee(s) or Board Members who serve as Plan Administrator (including any such the individual who formerly served as Plan Administrator) against all liabilities, damages, costs and expenses (including attorneys’ fees and amounts paid in settlement members of any claims approved administrative committee appointed by the EmployerEmployer to handle administrative functions of the Plan or any Employees who have administrative responsibility for the Plan) occasioned by with respect to any liability, loss, damage or expense resulting from any act or omission to act (except willful misconduct or gross negligence) in connection with their official capacities in the administration of this Plan, if such act or omission is including attorney, accountant and advisory fees and all other expenses reasonably incurred in good faiththeir defense.

Appears in 1 contract

Samples: Governmental Nonstandardized Defined Contribution Plan

Indemnification of Plan Administrator. The Employer agrees to indemnify and to defend to the fullest extent permitted by law any officer(s), Employee(s) or Board Members who serve as Plan Administrator (including any such individual who formerly served as Plan Administrator) against all liabilities, damages, costs and expenses (including attorneys' fees and amounts paid in settlement of any claims approved by the Employer) occasioned by any act or omission to act in connection with the Plan, if such act or omission is in good faith.

Appears in 1 contract

Samples: Nonqualified Deferred Compensation Plan Adoption Agreement (Si International Inc)

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Indemnification of Plan Administrator. The Employer Company agrees to indemnify and to defend to the fullest extent permitted by law any officer(s), Employee(s) or Board Members employee(s) who serve as Plan Administrator (including any such individual who formerly served as Plan Administrator) against all liabilities, damages, costs and expenses (including attorneys' fees and amounts paid in settlement of any claims approved by the EmployerCompany) occasioned by any act or omission to act in connection with the Plan, if such act or omission is in good faith.

Appears in 1 contract

Samples: Key Executive Deferred Compensation Plan (Autotote Corp)

Indemnification of Plan Administrator. The Employer agrees to indemnify and to defend to the fullest extent permitted by law any officer(s), Employee(s) or Board Members employee(s) who serve as Plan Administrator (including any such individual who formerly served as Plan Administrator) against all liabilities, damages, costs and expenses (including attorneys' fees and amounts paid in settlement of any claims approved by the Employer) occasioned by any act or omission to act in connection with the Plan, if such act or omission is was performed in good faith.

Appears in 1 contract

Samples: Deferred Compensation Plan (United Surgical Partners International Inc)

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