Company: UMBFO
Filing Date: 2025-02-03
Form Type: S-8
Source: 0000950103-25-001331
Chunk: 10

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-03
Form: S-8
Chunk 10
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 board of directors (or its designee) that (A) such person is not entitled to be indemnified, or (B) such person is assessed a
civil money penalty by a bank regulatory agency, is removed or prohibited from banking, or is subject to a final order to cease an action
or take an affirmative action by a bank regulatory agency and (ii) until such time as a final determination regarding indemnification
has been made; provided, that if indemnification is determined to not be proper, any advancement will immediately cease. If indemnification
is determined to be proper, advancement of expenses will continue.

If the claim of an executive for indemnification
under the provisions of the UMB bylaws described above is not paid in full by UMB within thirty (30) days after a written claim has been
received by UMB, the claimant may bring suit against UMB to recover the unpaid amounts, and if successful in whole or in part, the claimant
will be entitled to recover the expense of prosecuting such claim. Neither the failure of UMB to have made a determination prior to the
commencement of such action that the claimant is entitled to indemnification under the circumstances, nor an actual determination by UMB
that the claimant is not entitled to indemnification, will be a defense to the action or create a presumption that the claimant is not
entitled to indemnification.

The UMB bylaws provide that UMB may purchase and
maintain insurance, or another similar arrangement, on behalf of any person who is or was an executive or employee, against any liability
asserted against, or incurred by, them in any such capacity, or arising out of their status as such, whether or not UMB would have the
power to indemnify them against such liability under the UMB bylaws or applicable law; provided, however, that such insurance or other
arrangement may not provide coverage inconsistent with that permitted by applicable law.

The UMB bylaws further provide that the indemnification
provided for executives or employees (i) is not exclusive of any other rights to which those executives or employees may be entitled to
under the UMB articles of incorporation, UMB bylaws, or any agreement, vote of shareholders or disinterested directors, or otherwise,
both as to actions in their official capacity and as to actions in another capacity while holding such office and (ii) will continue as
to any person who has ceased to be an executive or employee and will inure