Common use of INDEMNIFICATION UNDER STATE LAW Clause in Contracts

INDEMNIFICATION UNDER STATE LAW. In addition to the insurance coverage provided for in paragraph (a) of this Section 7, the Employer shall hold harmless and indemnify the Executive (and his heirs, executors and administrators) to the fullest extent permitted under applicable law against all expenses and liabilities reasonably incurred by him in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his having been an officer of the Employer (whether or not he continues to be an officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys’ fees and the cost of reasonable settlements.

Appears in 5 contracts

Samples: Employment Agreement (West Suburban Bancorp Inc), Employment Agreement (West Suburban Bancorp Inc), Employment Agreement (West Suburban Bancorp Inc)

AutoNDA by SimpleDocs

INDEMNIFICATION UNDER STATE LAW. In addition to the insurance coverage provided for in paragraph (a) of this Section 78, the Employer shall hold harmless and indemnify the Executive (and his heirs, executors and administrators) to the fullest extent permitted under applicable law against all expenses and liabilities reasonably incurred by him in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his having been an officer of the Employer (whether or not he continues to be an officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys’ fees and the cost of reasonable settlements.

Appears in 5 contracts

Samples: Employment Agreement (West Suburban Bancorp Inc), Employment Agreement (West Suburban Bancorp Inc), Employment Agreement (West Suburban Bancorp Inc)

INDEMNIFICATION UNDER STATE LAW. In addition to the insurance coverage provided for in paragraph (a) of this Section 76, the Employer shall hold harmless and indemnify the Executive (and his heirs, executors and administrators) to the fullest extent permitted under applicable law against all expenses and liabilities reasonably incurred by him in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his having been an officer of the Employer (whether or not he continues to be an officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements.

Appears in 4 contracts

Samples: Employment Agreement (West Suburban Bancorp Inc), Kevin J. Acker Employment Agreement (West Suburban Bancorp Inc), Keith W. Acker Employment Agreement (West Suburban Bancorp Inc)

INDEMNIFICATION UNDER STATE LAW. In addition to the insurance coverage provided for in paragraph (a) of this Section 79, the Employer shall hold harmless and indemnify the Executive (and his heirs, executors and administrators) to the fullest extent permitted under applicable law against all expenses and liabilities reasonably incurred by him in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his having been an officer of the Employer (whether or not he continues to be an officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys’ fees and the cost of reasonable settlements.

Appears in 1 contract

Samples: Employment Agreement (West Suburban Bancorp Inc)

AutoNDA by SimpleDocs

INDEMNIFICATION UNDER STATE LAW. In addition to the insurance coverage provided for in paragraph (a) of this Section 78, the Employer shall hold harmless and indemnify the Executive (and his heirs, executors and administrators) to the fullest extent permitted under applicable law against all expenses and liabilities reasonably incurred by him in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his having been an officer of the Employer (whether or not he continues to be an officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements.

Appears in 1 contract

Samples: Chippas Employment Agreement (West Suburban Bancorp Inc)

INDEMNIFICATION UNDER STATE LAW. In addition to the insurance coverage provided for in paragraph (a) of this Section 76, the Employer shall hold harmless and indemnify the Executive (and his heirs, executors and administrators) to the fullest extent permitted under applicable law against all expenses and liabilities reasonably incurred by him in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his having been an officer of the Employer (whether or not he continues to be an officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys’ fees and the cost of reasonable settlements.

Appears in 1 contract

Samples: Daniel P. Grotto Employment Agreement (West Suburban Bancorp Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.