Indemnity of Plan Administrator. The Company shall indemnify and hold harmless the employees of the Company 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 an employee.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)
Indemnity of Plan Administrator. The Company shall indemnify and hold harmless the employees of the Company 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 or gross negligence by an employee.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)
Indemnity of Plan Administrator. The Company Employer shall indemnify and hold harmless the employees members of the Company Plan Administrator, and those to whom management and operation responsibilities of the plan have been delegated, 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 an employeethe Plan Administrator or any of its members.
Appears in 1 contract
Samples: Split Dollar Life Insurance Agreement (ConnectOne Bancorp, Inc.)
Indemnity of Plan Administrator. The Company shall indemnify and hold harmless the employees members of the Company Plan 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 an employeethe Plan Administrator or any of its members.
Appears in 1 contract
Samples: Cascade Financial Corp
Indemnity of Plan Administrator. The Company shall indemnify and hold harmless the employees members of the Company Plan 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 an employee.act
Appears in 1 contract