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

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-03
Form: S-8
Chunk 8
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corporation or other entity) (each such director or officer, an “executive”) will, to the maximum extent permitted by applicable
law, be indemnified against expenses (including attorneys’ fees), judgments, fines, and amounts (collectively, “expenses”)
paid in settlement actually and reasonably incurred by them in defense of such general action, if they (i) acted in good faith and in
a manner they reasonably believed to be in or not opposed to the best interests of UMB or the participants or beneficiaries of any employee
benefit plan and (ii) with respect to any criminal general action, had no reasonable cause to believe their conduct was unlawful.

The UMB bylaws further provide that any person
who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding by or in
the right of UMB to procure a judgment in its favor (each such an action, suit or proceeding, a “corporate action,” and together
with a general action, an “action”) by reason of the fact that they were or are an executive shall, to the maximum extent
permitted by applicable law, be indemnified against expenses paid in settlement actually and reasonably incurred by them in connection
with the defense or settlement of the corporate action, if they acted in good faith and in a manner they reasonably believed to be in
or not opposed to the best interests of UMB.

The UMB bylaws further provide that, notwithstanding
the above, no indemnification shall be made in respect of any matter in which any person has been adjudged to be liable for negligence
or misconduct in the performance of their duty to UMB unless and only to the extent that a court determines that, despite the adjudication
of liability and in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity for such expenses
which the court deems proper.

The UMB bylaws further provide that any person
who has been successful on the merits or otherwise in defense of any action referred to above, or in defense of any claim, issue, or matter
therein, shall be indemnified against expenses actually and reasonably incurred by them in connection therewith.

The UMB bylaws further provide that, except as
provided in the immediately following paragraph, indemnification of anyone as discussed above, unless ordered by a court of competent
jurisdiction, shall only be made by UMB in each case upon a