Common use of Indemnify Clause in Contracts

Indemnify. The Company will indemnify and hold the Executive harmless to the maximum extent permitted by law against any claim, action, demand, loss, damage, cost, expense, liability or penalty arising out of any act, failure to act, omission or decision by him while performing services as an officer, director or employee of the Company, other than an act, omission or decision by the Executive that is not in good faith and is without his reasonable belief that the same is, or was, in the best interests of the Company. To the extent permitted by law, the Company will pay all attorneys' fees, expenses and costs actually incurred by the Executive in the defense of any of the claims referenced herein.