Trustee Indemnification. The Employer agrees to indemnify and hold harmless the Trustee against any and all claims, losses, damages, expenses and liabilities the Trustee may incur in the exercise and performance of the Trustee's powers and duties hereunder, unless the same are determined to be due to gross negligence or willful misconduct.
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Samples: Adoption Agreement (Baldwin Technology Co Inc), Non Standardized 401(k) Profit Sharing Plan (Aceto Corp), 401(k) Profit Sharing Plan Adoption Agreement (Wayne Savings Bancshares Inc /De/)
Trustee Indemnification. The Employer agrees to indemnify and hold harmless the Trustee against any and all claims, losses, damages, expenses and liabilities the Trustee may incur in the exercise and performance of the Trustee's powers ’s power and duties hereunder, unless the same are determined to be due to gross negligence or willful misconduct.
Appears in 2 contracts
Samples: Employee Profit Sharing and Stock Ownership Plan and Trust Agreement (PBSJ Corp /Fl/), 401(k) Plan (Chevron Corp)
Trustee Indemnification. The Employer agrees to indemnify and hold harmless the Trustee against any and all claims, losses, damages, expenses and liabilities the Trustee may incur in the exercise and performance of the Trustee's powers power and duties hereunder, unless the same are determined to be due to gross negligence or willful misconduct.
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Samples: 401(k) Profit Sharing Plan Agreement (Winton Financial Corp)
Trustee Indemnification. The To the extent permitted by law, the Employer agrees to indemnify and hold save harmless the Trustee against any and all claims, losses, damages, expenses and liabilities the Trustee may incur in the exercise and performance of the Trustee's ’s powers and duties hereunder, unless the same are determined to be due to gross negligence or willful misconduct.
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Trustee Indemnification. The To the extent permitted by the Code and the Act, the Employer agrees to indemnify and hold harmless the Trustee against any and all claims, losses, damages, expenses and liabilities the Trustee may incur in the exercise and performance of the Trustee's powers and duties hereunder, unless the same are determined to be due to gross negligence or willful misconduct.
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