Document:

Summary of Executive Officer Salaries

EXHIBIT 10.6

Summary of Executive Officer Salaries

The salaries of the executive officers of International Shipholding Corporation for 2006 are described below:

Erik F. Johnsen, Chairman of the Board and Chief Executive Officer  

$353,600    

    

Niels M. Johnsen, President  

$332,800      

Erik L. Johnsen, Executive Vice President  

$312,000      

 

Manuel G. Estrada, Vice President and Chief Financial Officer  

$165,000ex101

     

    INDEMNIFICATION
      AGREEMENT

     

    This
      Indemnification Agreement
      (“Agreement”) is
      made as of this _____ day of, 20___ by and between Trimble Navigation Limited,
      a
      California corporation (the “Company”), and [Name] (“Indemnitee”).

     

    WHEREAS,
      the Company and
      Indemnitee recognize the increasing difficulty in obtaining directors’ and
      officers’ liability insurance, the significant increases in the cost of such
      insurance and the general reductions in the coverage of such
      insurance;

     

    WHEREAS,
      the Company and
      Indemnitee further recognize the substantial increase in corporate litigation
      in
      general, subjecting officers and directors to expensive litigation risks at
      the
      same time as the availability and coverage of liability insurance has been
      severely limited;

     

    WHEREAS,
      Indemnitee does
      not regard the current protection available as adequate under the present
      circumstances, and Indemnitee and other officers and directors of the Company
      may not be willing to continue to serve as officers and directors without
      additional protection; and

     

    WHEREAS,
      the Company
      desires to attract and retain the services of highly qualified individuals,
      such
      as Indemnitee, to serve as officers and directors of the Company and to
      indemnify its officers and directors so as to provide them with the maximum
      protection permitted by law.

     

    NOW,
      THEREFORE,
      the Company and
      Indemnitee hereby agree as follows:

     

    1.  Indemnification.

     

    (a)  Third
      Party
      Proceedings.
      The Company shall
      indemnify Indemnitee if Indemnitee is or was a party or is threatened to be
      made
      a party to any threatened, pending or completed action or proceeding, whether
      civil, criminal, administrative or investigative (other than an action by or
      in
      the right of the Company) by reason of the fact that Indemnitee is or was a
      director, officer, employee or agent of the Company, or any subsidiary of the
      Company, by reason of any action or inaction on the part of Indemnitee while
      an
      officer or director or by reason of the fact that Indemnitee is or was serving
      at the request of the Company as a director, officer, employee or agent of
      another corporation, partnership, joint venture, trust or other enterprise,
      against expenses (including attorneys’ fees), judgments, fines and amounts paid
      in settlement (if such settlement is approved in advance by the Company, which
      approval shall not be unreasonably withheld) actually and reasonably incurred
      by
      Indemnitee in connection with such action or proceeding if Indemnitee acted
      in
      good faith and in a manner Indemnitee believed to be in the best interests
      of
      the Company, and, with respect to any criminal action or proceeding, had no
      reasonable cause to believe Indemnitee’s conduct was unlawful. The termination
      of any action or proceeding by judgment, order, settlement, conviction, or
      upon
      a plea of nolo
      contendere
      or its equivalent,
      shall not, of itself, create a presumption that (i) Indemnitee did not act
      in good faith and in a manner which Indemnitee reasonably believed to be in
      the
      best interests of the Company, or (ii) with respect to any criminal action
      or proceeding, Indemnitee had reasonable cause to believe that Indemnitee’s
      conduct was unlawful.

     

    
      
        
        

      

      
        Page
          1

        
          

        

      

      
        
        

      

    

    (b)  Proceedings
      By or
      in the Right of the Company.
      The Company shall
      indemnify Indemnitee if Indemnitee was or is a party or is threatened to be
      made
      a party to any threatened, pending or completed action or proceeding by or
      in
      the right of the Company or any subsidiary of the Company to procure a judgment
      in its favor by reason of the fact that Indemnitee is or was a director,
      officer, employee or agent of the Company, or any subsidiary of the Company,
      by
      reason of any action or inaction on the part of Indemnitee while an officer
      or
      director or by reason of the fact that Indemnitee is or was serving at the
      request of the Company as a director, officer, employee or agent of another
      corporation, partnership, joint venture, trust or other enterprise, against
      expenses (including attorneys’ fees) and, to the fullest extent permitted by
      law, amounts paid in settlement, in each case to the extent actually and
      reasonably incurred by Indemnitee in connection with the defense or settlement
      of such action or proceeding if Indemnitee acted in good faith and in a manner
      Indemnitee believed to be in the best interests of the Company and its
      shareholders.

     

    2.  Expenses;
      Indemnification Procedure.

     

    (a)  Advancement
      of
      Expenses.
      To the extent
      permitted under applicable law, the Company shall advance all expenses incurred
      by Indemnitee in connection with the investigation, defense, settlement or
      appeal of any civil or criminal action or proceeding referenced in
      Section 1(a) or (b) hereof (but not amounts actually paid in settlement of
      any such action or proceeding). Indemnitee hereby undertakes to repay such
      amounts advanced only if, and to the extent that, it shall ultimately be
      determined that Indemnitee is not entitled to be indemnified by the Company
      as
      authorized hereby. The advances to be made hereunder shall be paid by the
      Company to Indemnitee within twenty (20) days following delivery of a written
      request therefor by Indemnitee to the Company.

     

    (b)  Notice/Cooperation
      by Indemnitee.
      Indemnitee shall,
      as a condition precedent to his right to be indemnified under this Agreement,
      give the Company notice in writing as soon as practicable of any claim made
      against Indemnitee for which indemnification will or could be sought under
      this
      Agreement. Notice to the Company shall be directed to the Chief Executive
      Officer of the Company at the address shown on the signature page of this
      Agreement (or such other address as the Company shall designate in writing
      to
      Indemnitee). Notice shall be deemed received three business days after the
      date
      postmarked if sent by domestic certified or registered mail, properly addressed;
      otherwise notice shall be deemed received when such notice shall actually be
      received by the Company. In addition, Indemnitee shall give the Company such
      information and cooperation as it may reasonably require and as shall be within
      Indemnitee’s power.

     

    (c)  Procedure.
      Any
      indemnification provided for in Section 1 shall be made no later than
      forty-five (45) days after receipt of the written request of Indemnitee. If
      a
      claim under this Agreement, under any statute, or under any provision of the
      Company’s Articles of Incorporation or By-laws providing for indemnification, is
      not paid in full by the Company within forty-five (45) days after a written
      request for payment thereof has first been received by the Company, Indemnitee
      may, but need not, at any time thereafter bring an action against the Company
      to
      recover the unpaid amount of the claim and, subject to Section 13 of this
      Agreement, Indemnitee shall also be entitled to be paid for the expenses
      (including attorneys’ fees) of bringing such action. It shall be a defense to
      any such action (other than an action brought to enforce a claim for expenses
      incurred in connection with any action or proceeding in advance of its final
      disposition) that Indemnitee has not met the standards of conduct which make
      it
      permissible under applicable law for the Company to indemnify Indemnitee for
      the
      amount claimed, and Indemnitee shall be entitled to receive interim payments
      of
      expenses pursuant to Subsection 2(a) unless and until such defense may be
      finally adjudicated by court order or judgment from which no further right
      of
      appeal exists. It is the parties’ intention that if the Company contests
      Indemnitee’s right to indemnification, the question of Indemnitee’s right to
      indemnification shall be for the court to decide, and neither the failure of
      the
      Company (including its Board of Directors, any committee or subgroup of the
      Board of Directors, independent legal counsel, or its shareholders) to have
      made
      a determination that indemnification of Indemnitee is proper in the
      circumstances because Indemnitee has met the applicable standard of conduct
      required by applicable law, nor an actual determination by the Company
      (including its Board of Directors, any committee or subgroup of the Board of
      Directors, independent legal counsel, or its shareholders) that Indemnitee
      has
      not met such applicable standard of conduct, shall create a presumption that
      Indemnitee has or has not met the applicable standard of conduct.

     

    
      
        
        

      

      
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    (d)  Notice
      to
      Insurers.
      If, at the time of
      the receipt of a notice of a claim pursuant to Section 2(b) hereof, the
      Company has director and officer liability insurance in effect, the Company
      shall give prompt notice of the commencement of such proceeding to the insurers
      in accordance with the procedures set forth in the respective policies. The
      Company shall thereafter take all necessary or desirable action to cause such
      insurers to pay, on behalf of the Indemnitee, all amounts payable as a result
      of
      such proceeding in accordance with the terms of such policies.

     

    (e)  Selection
      of
      Counsel.
      In the event the
      Company shall be obligated under Section 2(a) hereof to pay the expenses of
      any proceeding against Indemnitee, the Company, if appropriate, shall be
      entitled to assume the defense of such proceeding, with counsel approved by
      Indemnitee, which approval shall not be unreasonably withheld, upon the delivery
      to Indemnitee of written notice of its election so to do. After delivery of
      such
      notice, approval of such counsel by Indemnitee and the retention of such counsel
      by the Company, the Company will not be liable to Indemnitee under this
      Agreement for any fees of counsel subsequently incurred by Indemnitee with
      respect to the same proceeding, provided that (i) Indemnitee shall have the
      right to employ his counsel in any such proceeding at Indemnitee’s expense; and
      (ii) if (A) the employment of counsel by Indemnitee has been
      previously authorized by the Company, (B) Indemnitee shall have reasonably
      concluded that there may be a conflict of interest between the Company and
      Indemnitee in the conduct of any such defense or (C) the Company shall not,
      in
      fact, have employed counsel to assume the defense of such proceeding, then
      the
      fees and expenses of Indemnitee’s counsel shall be at the expense of the
      Company.

     

    3.  Additional
      Indemnification Rights; Nonexclusivity.

     

    (a)  Scope.
      Notwithstanding
      any other provision of this Agreement, the Company hereby agrees to indemnify
      the Indemnitee to the fullest extent permitted by law, notwithstanding that
      such
      indemnification is not specifically authorized by the other provisions of this
      Agreement, the Company’s Articles of Incorporation, the Company’s By-laws or by
      statute. In the event of any change, after the date of this Agreement, in any
      applicable law, statute or rule which expands the right of a California
      corporation to indemnify a member of its board of directors, an officer or
      other
      corporate agent, such changes shall be, ipso facto,
      within the purview
      of Indemnitee’s rights and Company’s obligations, under this Agreement. In the
      event of any change in any applicable law, statute or rule which narrows the
      right of a California corporation to indemnify a member of its Board of
      Directors, an officer or other corporate agent, such changes, to the extent
      required by such law, statute or rule to be applied to this Agreement, shall
      have the effect on this Agreement and the parties’ rights and obligations
      hereunder as is required by such law, statute or rule.

     

    
      
        
        

      

      
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          3

        
          

        

      

      
        
        

      

    

    (b)  Nonexclusivity.
      The
      indemnification provided by this Agreement shall not be deemed exclusive of
      any
      rights to which Indemnitee may be entitled under the Company’s Articles of
      Incorporation, its By-laws, any agreement, any vote of shareholders or
      disinterested directors, the California General Corporation Law, or otherwise,
      both as to action in Indemnitee’s official capacity and as to action in another
      capacity while holding such office. The indemnification provided under this
      Agreement shall continue as to Indemnitee for any action taken or not taken
      while serving in an indemnified capacity even though he may have ceased to
      serve
      in such capacity at the time of any action or other covered
      proceeding.

     

    4.  Partial
      Indemnification.
      If Indemnitee is
      entitled under any provision of this Agreement to indemnification by the Company
      for some or a portion of the expenses, judgments, fines or penalties actually
      or
      reasonably incurred by him in the investigation, defense, appeal or settlement
      of any civil or criminal action or proceeding, but not, however, for the total
      amount thereof, the Company shall nevertheless indemnify Indemnitee for the
      portion of such expenses, judgments, fines or penalties to which Indemnitee
      is
      entitled.

     

    5.  Mutual
      Acknowledgment.
      Both the Company
      and Indemnitee acknowledge that in certain instances, Federal law or applicable
      public policy may prohibit the Company from indemnifying its directors and
      officers under this Agreement or otherwise. Indemnitee understands and
      acknowledges that the Company has undertaken or may be required in the future
      to
      undertake with the Securities and Exchange Commission to submit the question
      of
      indemnification to a court in certain circumstances for a determination of
      the
      Company’s right under public policy to indemnify Indemnitee.

     

    6.  Directors’
      and Officers’ Liability Insurance.
      The Company shall,
      from time to time, make the good faith determination whether or not it is
      practicable for the Company to obtain and maintain a policy or policies of
      insurance with reputable insurance companies providing the officers and
      directors of the Company with coverage for losses from wrongful acts, or to
      ensure the Company’s performance of its indemnification obligations under this
      Agreement. Among other considerations, the Company will weigh the costs of
      obtaining such insurance coverage against the protection afforded by such
      coverage. In all policies of directors’ and officers’ liability insurance,
      Indemnitee shall be named as an insured in such a manner as to provide
      Indemnitee the same rights and benefits as are accorded to the most favorably
      insured of the Company’s directors, if Indemnitee is a director; or of the
      Company’s officers, if Indemnitee is not a director of the Company but is an
      officer; or of the Company’s key employees, if Indemnitee is not an officer or
      director but is a key employee. Notwithstanding the foregoing, the Company
      shall
      have no obligation to obtain or maintain such insurance if the Company
      determines in good faith that such insurance is not reasonably available, if
      the
      premium costs for such insurance are disproportionate to the amount of coverage
      provided, if the coverage provided by such insurance is limited by exclusions
      so
      as to provide an insufficient benefit, or if Indemnitee is covered by similar
      insurance maintained by a subsidiary or parent of the Company.

     

    
      
        
        

      

      
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          4

        
          

        

      

      
        
        

      

    

    7.  Severability.
      Nothing in this
      Agreement is intended to require or shall be construed as requiring the Company
      to do or fail to do any act in violation of applicable law. The Company’s
      inability, pursuant to court order, to perform its obligations under this
      Agreement shall not constitute a breach of this Agreement. The provisions of
      this Agreement shall be severable as provided in this Section 7. If this
      Agreement or any portion hereof shall be invalidated on any ground by any court
      of competent jurisdiction, then the Company shall nevertheless indemnify
      Indemnitee to the full extent permitted by any applicable portion of this
      Agreement that shall not have been invalidated, and the balance of this
      Agreement not so invalidated shall be enforceable in accordance with its
      terms.

     

    8.  Exceptions.
      Any other
      provision herein to the contrary notwithstanding, the Company shall not be
      obligated pursuant to the terms of this Agreement:

     

    (a)  Excluded
      Acts.
      To indemnify
      Indemnitee for any acts or omissions or transactions from which a director
      may
      not be relieved of liability under the California General Corporation
      Law.

     

    (b)  Claims
      Initiated
      by Indemnitee.
      To indemnify or
      advance expenses to Indemnitee with respect to proceedings or claims initiated
      or brought voluntarily by Indemnitee and not by way of defense, except with
      respect to proceedings brought to establish or enforce a right to
      indemnification under this Agreement or any other statute or law or otherwise
      as
      required under Section 317 of the California General Corporation Law, but
      such indemnification or advancement of expenses may be provided by the Company
      in specific cases if the Board of Directors has approved the initiation or
      bringing of such suit; or

     

    (c)  Lack
      of Good
      Faith.
      To indemnify
      Indemnitee for any expenses incurred by the Indemnitee with respect to any
      proceeding instituted by Indemnitee to enforce or interpret this Agreement,
      if a
      court of competent jurisdiction determines that each of the material assertions
      made by the Indemnitee in such proceeding was not made in good faith or was
      frivolous; or

     

    (d)  Insured
      Claims.
      To indemnify
      Indemnitee for expenses or liabilities of any type whatsoever (including, but
      not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts
      paid in settlement) which have been paid directly to Indemnitee by an insurance
      carrier under a policy of directors’ and officers’ liability insurance
      maintained by the Company; or

     

    (e)  Claims
      Under
      Section 16(b).
      To indemnify
      Indemnitee for expenses and the payment of profits arising from the purchase
      and
      sale by Indemnitee of securities in violation of Section 16(b) of the
      Securities Exchange Act of 1934, as amended, or any similar successor
      statute.

     

    9.  Effectiveness
      of Agreement.
      To the extent that
      the indemnification permitted under the terms of certain provisions of this
      Agreement exceeds the scope of the indemnification expressly permitted by
      Section 317 of the California General Corporation Law, such provisions
      shall not be effective unless and until the Company’s Articles of Incorporation
      authorize such additional rights of indemnification. In all other respects,
      the
      balance of this Agreement shall be effective as of the date set forth on the
      first page and may apply to acts or omissions of Indemnitee which occurred
      prior
      to such date if Indemnitee was an officer, director, employee or other agent
      of
      the Company, or was serving at the request of the Company as a director,
      officer, employee or agent of another corporation, partnership, joint venture,
      trust or other enterprise, at the time such act or omission
      occurred.

     

    
      
        
        

      

      
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    10.  Construction
      of Certain Phrases.

     

    (a)  For
      purposes of this
      Agreement, references to the “Company” shall also include, in addition to the
      resulting corporation, any constituent corporation (including any constituent
      of
      a constituent) absorbed in a consolidation or merger which, if its separate
      existence had continued, would have had power and authority to indemnify its
      directors, officers, employees or agents, so that if Indemnitee is or was a
      director, officer, employee or agent of such constituent corporation, or is
      or
      was serving at the request of such constituent corporation as a director,
      officer, employee or agent of another corporation, partnership, joint venture,
      trust or other enterprise, Indemnitee shall stand in the same position under
      the
      provisions of this Agreement with respect to the resulting or surviving
      corporation as Indemnitee would have with respect to such constituent
      corporation if its separate existence had continued.

     

    (b)  For
      purposes of this
      Agreement, references to “other enterprises” shall include employee benefit
      plans; references to “fines” shall include any excise taxes assessed on
      Indemnitee with respect to an employee benefit plan; and references to “serving
      at the request of the Company” shall include any service as a director, officer,
      employee or agent of the Company which imposes duties on, or involves services
      by, such director, officer, employee or agent with respect to an employee
      benefit plan, its participants, or beneficiaries.

     

    11.  Counterparts.
      This Agreement may
      be executed in one or more counterparts, each of which shall constitute an
      original.

     

    12.  Successors
      and Assigns.
      This Agreement
      shall be binding upon the Company and its successors and assigns, and shall
      inure to the benefit of Indemnitee and Indemnitee’s estate, heirs, legal
      representatives and assigns.

     

    13.  Attorneys’
      Fees.
      In the event that
      any action is instituted by Indemnitee under this Agreement to enforce or
      interpret any of the terms hereof, Indemnitee shall be entitled to be paid
      all
      costs and expenses, including reasonable attorneys’ fees, incurred by Indemnitee
      with respect to such action, unless as a part of such action, a court of
      competent jurisdiction determines that each of the material assertions made
      by
      Indemnitee as a basis for such action were not made in good faith or were
      frivolous. In the event of an action instituted by or in the name of the Company
      under this Agreement or to enforce or interpret any of the terms of this
      Agreement, Indemnitee shall be entitled to be paid all costs and expenses,
      including reasonable attorneys’ fees, incurred by Indemnitee in defense of such
      action (including with respect to Indemnitee’s counterclaims and cross-claims
      made in such action), unless as a part of such action the court determines
      that
      each of Indemnitee’s material defenses to such action were made in bad faith or
      were frivolous.

     

    14.  Notice.
      All notices,
      requests, demands and other communications under this Agreement shall be in
      writing and shall be deemed duly given (i) if delivered by hand and
      receipted for by the party addressee, on the date of such receipt, or
      (ii) if mailed by domestic certified or registered mail with postage
      prepaid, on the third business day after the date postmarked. Addresses for
      notice to either party are as shown on the signature page of this Agreement,
      or
      as subsequently modified by written notice.

     

    
      
        
        

      

      
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    15.  Consent
      to Jurisdiction.
      The Company and
      Indemnitee each hereby irrevocably consent to the jurisdiction of the courts
      of
      the State of California for all purposes in connection with any action or
      proceeding which arises out of or relates to this Agreement and agree that
      any
      action instituted under this Agreement shall be brought only in the state courts
      of the State of California.

     

    16.  Choice
      of
      Law.
      This Agreement
      shall be governed by and its provisions construed in accordance with the laws
      of
      the State of California as applied to contracts between California residents
      entered into and to be performed entirely within California.

    
      
         

        
        

      

      
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    IN
      WITNESS
      WHEREOF,
      the parties hereto
      have executed this Agreement as of the date first above written.

     

    TRIMBLE
      NAVIGATION
      LIMITED

     

    By:  

     

    Title:
 

     

    Address: 935
      Stewart
      Drive

    Sunnyvale,
      CA
      94085

     

    AGREED
      TO AND
      ACCEPTED:

     

    INDEMNITEE:

     

    [Name]

     

    (address)

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