Indemnification and Liability Insurance. Employer hereby agrees to defend, indemnify and hold Employee harmless, to the maximum extent allowed by law, from any and all liability for acts or omissions of Employee performed in the course of Employee's employment (or reasonably believed by Employee to be within the scope of his employment) provided that such acts or omissions do not constitute (a) criminal conduct, (b) willful misconduct, or (c) a fraud upon, or breach of Employee's duty of loyalty to, the Employer. Employer shall at all times carry Directors' and Officers' liability insurance in commercially reasonable amounts, but in any event not less than Five Million Dollars ($5,000,000).
Appears in 6 contracts
Samples: Employment Agreement (Municipal Mortgage & Equity LLC), Employment Agreement (Municipal Mortgage & Equity LLC), Employment Agreement (Municipal Mortgage & Equity LLC)
Indemnification and Liability Insurance. Employer hereby agrees to defend, indemnify and hold Employee harmless, to the maximum extent allowed by law, from any and all liability for acts or omissions of Employee performed in the course of Employee's employment (or reasonably believed by Employee to be within the scope of his employment) provided that such acts or omissions do not constitute (a) criminal conduct, (b) willful misconduct, or (c) a fraud upon, or breach of Employee's duty of loyalty to, the Employer. Employer shall at all times carry Directors' and Officers' liability insurance in commercially reasonable amounts, but in any event not less than Five One Million Dollars ($5,000,0001,000,000).
Appears in 3 contracts
Samples: Employment Agreement (Municipal Mortgage & Equity LLC), Employment Agreement (Municipal Mortgage & Equity LLC), Employment Agreement (Municipal Mortgage & Equity LLC)
Indemnification and Liability Insurance. Employer hereby agrees to defend, indemnify and hold Employee harmless, to the maximum extent allowed by law, from any and all liability for acts or omissions of Employee performed in the course of Employee's ’s employment (or reasonably believed by Employee to be within the scope of his employment) provided that such acts or omissions do not constitute (a) criminal conduct, (b) willful misconduct, or (c) a fraud upon, or breach of Employee's ’s duty of loyalty to, the Employer. Employer shall at all times carry Directors' ’ and Officers' ’ liability insurance in commercially reasonable amounts, but in any event not less than Five Million Dollars ($5,000,000).
Appears in 2 contracts
Samples: Employment Agreement (Municipal Mortgage & Equity LLC), Employment Agreement (Municipal Mortgage & Equity LLC)
Indemnification and Liability Insurance. Employer hereby agrees to defend, indemnify and hold Employee harmless, to the maximum extent allowed by law, from any and all liability for acts or omissions of Employee performed in the course of Employee's ’s employment (or reasonably believed by Employee to be within the scope of his his/her employment) provided that such acts or omissions do not constitute (a) criminal conduct, (b) willful misconduct, or (c) a fraud upon, or breach of Employee's ’s duty of loyalty to, the Employer. Employer shall at all times carry Directors' ’ and Officers' ’ liability insurance in commercially reasonable amounts, but in any event not less than Five Million Dollars ($5,000,000).
Appears in 1 contract
Samples: Employment Agreement (Municipal Mortgage & Equity LLC)
Indemnification and Liability Insurance. Employer hereby agrees to defend, indemnify and hold Employee harmless, to the maximum extent allowed by law, from any and all liability for acts or omissions of Employee performed in the course of Employee's employment (or reasonably believed by Employee to be within the scope of his her employment) provided that such acts or omissions do not constitute (a) criminal conduct, (b) willful misconduct, or (c) a fraud upon, or breach of Employee's duty of loyalty to, the Employer. Employer shall at all times carry Directors' and Officers' liability insurance in commercially reasonable amounts, but in any event not less than Five Million Dollars ($5,000,000).
Appears in 1 contract
Samples: Employment Agreement (Municipal Mortgage & Equity LLC)