Common use of INDEMNIFICATION OF THE BOARD AND THE COMMITTEE BY THE SPONSOR Clause in Contracts

INDEMNIFICATION OF THE BOARD AND THE COMMITTEE BY THE SPONSOR. The Sponsor shall indemnify and hold harmless the Board, the Committee, the Board members, the Committee members, and any Employees of an Employer to whom the Committee has allocated or delegated its responsibilities in accordance with the provisions hereof, as well as any other fiduciary who is also an officer, director, or Employee of an Employer, and hold each of them harmless from and against all claims, loss, damages, expense, and liability arising from their responsibilities in connection with the administration of the Plan which is not otherwise paid or reimbursed by insurance, unless the same shall result from their own willful misconduct. APPENDIX D

INDEMNIFICATION OF THE BOARD AND THE COMMITTEE BY THE SPONSOR. The Sponsor shall indemnify and hold harmless the Board, the Committee, the Board members, the Committee members, and any Employees of an Employer to whom the Committee has allocated or delegated its responsibilities in accordance with the provisions hereof, as well as any other fiduciary who is also an officer, director, or Employee of an Employer, and hold each of them harmless from and against all claims, loss, damages, expense, and liability arising from their responsibilities in connection with the administration of the Plan which is not otherwise paid or reimbursed by insurance, unless the same shall result from their own willful misconduct. APPENDIX D.