Document ID: 15107

Text:
The Bank and the Company shall provide Executive (including his heirs, executors and administrators) with coverage under a standard directors and officers liability insurance policy at its expense. The Bank shall indemnify Executive (and his heirs, executors and administrators) to the fullest extent permitted under its Articles of Incorporation, Bylaws and applicable law against all expenses and liabilities reasonably incurred by him in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his having been a director or officer of the Bank (whether or not he continues to be a director or officer at the time of incurring the expenses or liabilities), the expenses and liabilities to include, but not be limited to, advancement of legal fees and expenses, judgments, court costs and attorneys fees and the cost of reasonable settlements. Any such indemnification shall be made consistent with Section 18(k) of the Federal Deposit Insurance Act , 12 U.S.C. 1828 (k), and the regulations issued thereunder in 12 C.F.R. Part 359.

Named Entities:
53
55
Title
57
57
Title
174
177
Act
179
186
Regulation
197
205
Regulation

Tokenized Text:
The
Bank
and
the
Company
shall
provide
Executive
(
including
his
heirs
,
executors
and
administrators
)
with
coverage
under
a
standard
directors
and
officers
liability
insurance
policy
at
its
expense
.
The
Bank
shall
indemnify
Executive
(
and
his
heirs
,
executors
and
administrators
)
to
the
fullest
extent
permitted
under
its
Articles
of
Incorporation
,
Bylaws
and
applicable
law
against
all
expenses
and
liabilities
reasonably
incurred
by
him
in
connection
with
or
arising
out
of
any
action
,
suit
or
proceeding
in
which
he
may
be
involved
by
reason
of
his
having
been
a
director
or
officer
of
the
Bank
(
whether
or
not
he
continues
to
be
a
director
or
officer
at
the
time
of
incurring
the
expenses
or
liabilities
)
,
the
expenses
and
liabilities
to
include
,
but
not
be
limited
to
,
advancement
of
legal
fees
and
expenses
,
judgments
,
court
costs
and
attorneys
fees
and
the
cost
of
reasonable
settlements
.
Any
such
indemnification
shall
be
made
consistent
with
Section
18
(
k
)
of
the
Federal
Deposit
Insurance
Act
,
12
U
.
S
.
C
.
1828
(
k
)
,
and
the
regulations
issued
thereunder
in
12
C
.
F
.
R
.
Part
359
.