Common use of Indemnity of Administrator Clause in Contracts

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

Appears in 78 contracts

Samples: Split Dollar Agreement (Sb Financial Group, Inc.), Split Dollar Insurance Agreement (CB Financial Services, Inc.), Endorsement Split Dollar Agreement

AutoNDA by SimpleDocs

Indemnity of Administrator. The Bank shall indemnify and hold harmless the members of the 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 Administrator or any of its members. No individual shall be liable while acting as Administrator for any action or determination made in good faith regarding this Agreement, and any such individual shall be entitled to indemnification and reimbursement in the manner provided in the Bank’s Charter and Bylaws and under applicable law.

Appears in 10 contracts

Samples: Confidentiality, Non Competition, and Non Solicitation Agreement (Southern States Bancshares, Inc.), Confidentiality, Non Competition, and Non Solicitation Agreement (Franklin Financial Network Inc.), Confidentiality, Non Competition, and Non Solicitation Agreement (Franklin Financial Network Inc.)

Indemnity of Administrator. The Bank shall indemnify and hold harmless the members of the Administrator against any and all claims, losses, damages, expenses, or liabilities arising from any action or failure to act with respect to this Split Dollar Agreement, except in the case of willful misconduct by the Administrator or any of its members.

Appears in 8 contracts

Samples: Split Dollar Agreement (NBT Bancorp Inc), Split Dollar Agreement (Alliance Financial Corp /Ny/), Salary Continuation Agreement (American River Bankshares)

Indemnity of Administrator. The Bank shall indemnify and hold harmless the members of the 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 Administrator or any of its members.liabilities

Appears in 3 contracts

Samples: Endorsement Split Dollar Agreement (Tidelands Bancshares Inc), Endorsement Split Dollar Agreement (Tidelands Bancshares Inc), Endorsement Split Dollar Agreement (Tidelands Bancshares Inc)

Indemnity of Administrator. The Bank shall indemnify and hold harmless the members of the Administrator against any and all claims, losses, damages, expenses, or liabilities arising from any action or failure to act with respect to this Director Split Dollar Agreement, except in the case of willful misconduct by the Administrator or any of its members.

Appears in 3 contracts

Samples: Director Split Dollar Agreement (Cullman Bancorp, Inc. /MD/), Director Split Dollar Agreement (Cullman Bancorp, Inc.), Director Split Dollar Agreement (Cullman Bancorp, Inc.)

Indemnity of Administrator. The Bank shall indemnify and hold harmless the members of the Administrator against any and all claims, losses, damages, expenses, or liabilities arising from any action or failure to act with respect to this Executive Split Dollar Agreement, except in the case of willful misconduct by the Administrator or any of its members.

Appears in 3 contracts

Samples: Executive Split Dollar Agreement (BV Financial, Inc.), Executive Split Dollar Agreement (Hamilton Bancorp, Inc.), Executive Split Dollar Agreement (Hamilton Bancorp, Inc.)

Indemnity of Administrator. The Bank shall indemnify and hold harmless the members of the Administrator against any and all claims, losses, damages, expenses, or liabilities arising from any action or failure to act with respect to this Agreementact, except in the case of willful misconduct by the Administrator or any of its members.

Appears in 3 contracts

Samples: Endorsement Split Dollar Agreement (Paragon Commercial CORP), Endorsement Split Dollar Agreement (Paragon Commercial CORP), Endorsement Split Dollar Agreement (Paragon Commercial CORP)

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

Appears in 2 contracts

Samples: Split Dollar Life Insurance Agreement (Sandy Spring Bancorp Inc), Split Dollar Agreement (Cortland Bancorp Inc)

AutoNDA by SimpleDocs

Indemnity of Administrator. The Bank shall indemnify and hold harmless the members of the Administrator against any and all claims, losses, damages, expenses, or liabilities arising from any action or failure to act with respect to this Endorsement Split Dollar Agreement, except in the case of willful misconduct by the Administrator or any of its members.

Appears in 2 contracts

Samples: Endorsement Split Dollar Agreement (Cortland Bancorp Inc), Endorsement Split Dollar Agreement (Cortland Bancorp Inc)

Indemnity of Administrator. The Bank shall indemnify and hold harmless the members of the Administrator 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 Administrator or any of its membersAdministrator.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (CBTX, Inc.)

Indemnity of Administrator. The Bank shall indemnify and hold -------------------------- harmless the members of the 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 Administrator or any of its members.

Appears in 1 contract

Samples: Split Dollar Agreement (BNC Bancorp)

Indemnity of Administrator. The Bank shall indemnify and hold harmless the members of the 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 Administrator or any of its members.,

Appears in 1 contract

Samples: Confidentiality, Non Competition, and Non Solicitation Agreement (Franklin Financial Network Inc.)

Indemnity of Administrator. The Bank shall indemnify and hold harmless the members of the Administrator against any and all claims, losses, damages, expenses, or liabilities arising from any action or failure to act with respect to this AgreementPlan, except in the case of willful misconduct by the Administrator or any of its members.

Appears in 1 contract

Samples: Group Term Carve Out Plan (Cortland Bancorp Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!