Indemnity of Administrator. The Company 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 Company’s Charter and Bylaws and under applicable law.
Appears in 5 contracts
Samples: Confidentiality, Non Competition, and Non Solicitation Agreement (Franklin Financial Network Inc.), Confidentiality, Non Competition, and Non Solicitation Agreement (Franklin Financial Network Inc.), Non Competition Agreement (Center Bancorp Inc)
Indemnity of Administrator. The Company 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 Company’s Charter charter and Bylaws bylaws/regulations and under applicable law.
Appears in 1 contract
Samples: Non Competition Agreement (Consumers Bancorp Inc /Oh/)
