Company: UMBFO
Filing Date: 2025-02-03
Form Type: S-8
Source: 0000950103-25-001331
Chunk: 5

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-03
Form: S-8
Chunk 5
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s 1 and
2 of this section, unless ordered by a court, shall be made by the corporation only as authorized in the specific case upon a determination
that indemnification of the director, officer, employee or agent is proper in the circumstances because he or she has met the applicable
standard of conduct set forth in this section. The determination shall be made by the board of directors by a majority vote of a quorum
consisting of directors who were not parties to the action, suit, or proceeding, or if such a quorum is not obtainable, or even if obtainable
a quorum of disinterested directors so directs, by independent legal counsel in a written opinion, or by the shareholders.

5. Expenses incurred in defending any civil, criminal,
administrative, or investigative action, suit or proceeding may be paid by the corporation in advance of the final disposition of the
action, suit, or proceeding as authorized by the board of directors in the specific case upon receipt of an undertaking by or on behalf
of the director, officer, employee or agent to repay such amount unless it shall ultimately be determined that he or she is entitled to
be indemnified by the corporation as authorized in this section.

6. The indemnification provided by this section
shall not be deemed exclusive of any other rights to which those seeking indemnification may be entitled under the articles of incorporation
or bylaws or any agreement, vote of shareholders or disinterested directors or otherwise, both as to action in his or her official capacity
and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a director, officer,
employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

7. A corporation created under the laws of this
state shall have the power to give any further indemnity, in addition to the indemnity authorized or contemplated under other subsections
of this section, including subsection 6, to any person who is or was a director, officer, employee or agent, or to any person who is or
was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, provided such further indemnity is either (i) authorized, directed, or provided for in the articles of incorporation
of the corporation or any duly adopted amendment thereof or (ii) is authorized, directed, or provided for in any bylaw or agreement