Common use of Liability Insurance Indemnification Clause in Contracts

Liability Insurance Indemnification. The Bank shall provide the ------------------------------------ Employee (including his heirs, executors, and administrators) with coverage under a standard directors' and officers' liability insurance policy at the Bank's expense, or in lieu thereof, shall indemnify the Employee (and his heirs, executors, and administrators) to the fullest extent permitted under Federal 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 a director or officer of the Bank (whether or not he continues to be a director or officer at the time of incurring such expenses or liabilities); such expenses and liabilities to include, but not limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements, and such settlements to be approved by the Board of Directors of the Bank; provided, however, that such indemnification shall not extend to matters as to which the Employee is finally adjudged to be liable for willful misconduct or gross negligence in the performance of his duties as a director or officer of the Bank.

Liability Insurance Indemnification. The Bank Company shall provide ------------------------------------ the ------------------------------------ Employee (including his heirs, executors, executors and administrators) with coverage under a standard directors' and officers' liability insurance policy at the BankCompany's expense, or in lieu thereof, shall indemnify the Employee (and his heirs, executors, executors and administrators) to the fullest extent permitted under Federal Delaware 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 a director or officer of the Bank Company (whether or not he continues to be a director or officer at the time of incurring such expenses or liabilities); such expenses and liabilities to include, but not limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements, and such settlements to be approved by the Board of Directors of the BankCompany; provided, however, that such indemnification shall not extend to matters as to which the Employee is finally adjudged to be liable for willful misconduct or gross negligence in the performance of his duties as a director or officer of the BankCompany.

Liability Insurance Indemnification. The Company and/or the Bank shall provide the ------------------------------------ Employee (including his heirs, executors, and administrators) with coverage under a standard directors' and officers' liability insurance policy at the Bank's their expense, or in lieu thereof, shall indemnify the Employee (and his heirs, executors, and administrators) to the fullest extent permitted under Federal 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 a director or officer of the Company and the Bank (whether or not he continues to be a director or officer at the time of incurring such expenses or liabilities); such expenses and liabilities to include, but not limited to, judgments, court costs and attorneys' fees and the cost of reasonable settlements, and such settlements to be approved by the Board of Directors of each of the Company and the Bank; provided, however, that such indemnification shall not extend to matters as to which the Employee is finally adjudged to be liable for willful misconduct or gross negligence in the performance of his duties as a director or officer of the Bankofficer.