Document:

Form of Stock Appreciation Rights Agreement

 EXHIBIT 10.6 
  
 STOCK APPRECIATION RIGHT AGREEMENT 
  

			
	 Grantee: __________________________________________________

		
	 Number of SARs:
	 	  

		
	 Base Value per SAR:
	 	  

		
	 Date of Grant:
	 	  

  
 1. Grant of
Stock Appreciation Rights. Georgia Bank Financial corporation (the “Corporation”) hereby grants to                      (the
“Grantee”), under the Georgia Bank Financial Corporation 1997 Executive Long-Term Incentive Plan (the “Plan”),                  stock
appreciation rights (“SARs”) at a Base Value equal to              per SAR, which Base Value is equal to the Fair Market Value of one share of Stock as of the Date of
Grant. 
  
 Each SAR entitles the Grantee, in accordance with and
subject to the restrictions set forth in this Agreement, to receive from the Corporation upon the exercise of the SAR an amount, payable in cash or in shares of Stock as provided in Section 4 hereof, equal to the excess, if any, of (a) the Fair
Market Value of one share of Stock on the date of exercise; over (b) the Base Value of the SAR. 
  
 The SARs shall be subject to all of the provisions of the Plan. The Plan is incorporated herein by reference and made a part of this
Agreement. Capitalized terms not defined herein shall have the respective meanings set forth in the Plan. 
  
 2. Lapse of SARs. The SARs shall lapse upon the first to occur of the following dates; provided, however, that the Committee may, prior to the
lapse of the SARs under the circumstances described in subparagraphs (b), (c) and (d) below, provide in writing that the SARs will extend until a later date: 
  

(a) 5:00 p.m., Eastern Time, on                 . 
  
 (b) If the Participant terminates employment for any reason other than as
provided in subparagraph (c) or (d) below, the SARs shall lapse, unless previously exercised, three months after the Participant’s termination of employment; provided, however, that if the Participant’s employment is terminated by the
corporation for cause or by the Participant without the consent of the Corporation, the SARs shall (to the extent not previously exercised) lapse immediately. 
  

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 (c) If the Participant terminates employment by reason of his or her Disability, the SARs shall lapse,
unless previously exercised, one year after the Participant’s termination of employment. 
  
 (d) If the Participant dies while employed, or during the three-month period described in subparagraph (b) or during the one-year period described in subparagraph (c) and before the SARs otherwise lapse, the SARs
shall lapse one year after the Participant’s death. Upon the Participant’s death, any exercisable SARs may be exercised by the Participant’s beneficiary. 
  
 3. Vesting of SARs. The terms, times and conditions of exercise of the SARs are as follows: 
  
 (a) Unless earlier lapsed as provided under Section 2 of this Agreement, the
SARs shall vest at 10% of the SARs per year, cumulatively, beginning on the first anniversary of the Date of Grant. The vested portion SARs may be exercised beginning on the fifth anniversary of the Date of Grant. The total value of the SARs under
this grant are determined by the stock price at the fifth anniversary of the date of this grant and there shall be no additional appreciation. 
  
 (b) Notwithstanding the provisions of subparagraph (a), upon the death or Disability of the Grantee, the SARs shall become immediately vested and
exerciseable, and the Grantee or his personal representative may exercise the SARs in whole or in part, subject to the terms as set forth in this Agreement, until lapsed as provided in Section 2 hereof. 
  
 (c) Notwithstanding the provisions of subparagraph (a), upon a change in
Control (as defined in the Plan), the SARs shall become immediately vested and exerciseable, and the Grantee may exercise the SARs in whole or in part, subject to the terms as set forth in this Agreement, until lapsed as provided in Section 2
hereof. 
  
 4. Method of Exercise. Vested SARs may be
exercised by written notice directed to the Secretary of the Corporation at the principal executive offices of the Corporation. Such written notice shall state the number of SARs being exercised and the Grantee’s preference as to the form of
payment of the SARs in cash or in shares of Stock or in a combination of cash and shares of Stock. It is anticipated that payment shall be made in cash but, the Committee shall have absolute discretion in determining whether payment shall be made in
cash or shares of Stock or in a combination thereof. In the event that shares of Stock are delivered in full or partial payment of the SARs, the number of shares to be issued to the Grantee shall be based on the Fair Market Value of the shares of
Stock as of the date of exercise of the SAR. No fractional shares of Stock shall be issued to the Grantee upon exercise of the SARs. In lieu of issuing a fractional share upon exercise of SARs, the Corporation shall pay to the Grantee in cash the
value of such fractional interest based upon the Fair Market Value of a share of Stock on the date of exercise of the SARs. 
  

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 5. Withholding. The Corporation or any Parent or Subsidiary shall have the authority and the right to deduct or
withhold, or require the Grantee to remit to the Corporation, an amount sufficient to satisfy federal, state, and local taxes (including the Grantee’s FICA obligation) required by law to be withheld with respect to the Grantee’s exercise
of the SARs. If the SARs are to be settled in Stock, the Committee may require that any such withholding requirement be satisfied, in whole or in part, b withholding shares of Stock having a Fair Market Value on the date of withholding equal to the
amount to be withheld for tax purposes, all in accordance with such procedures as the Committee establishes. 
  
 6. Restrictions on Transfer and Pledge. The SARs may not be pledged, encumbered or hypothecated to or in favor of any party other than the corporation or a parent or Subsidiary, nor shall they be subject to any
lien, obligation, or liability of the Grantee to any party other than the Corporation or a Parent or Subsidiary. The SARs are not assignable or transferable by the Grantee other than by will or the laws of descent and distribution or pursuant to a
domestic relations order which would satisfy Section 414(p)(1)(A) of the Code if such Section applied to a SAR under the Plan; provided, however, that the Committee may (but need not) permit other transfers where the Committee concludes that such
transferability (i) does not result in accelerated taxation, and (ii) is otherwise appropriate and desirable, taking into account any applicable state or federal securities laws. The SARs may be exercised during the lifetime of the Grantee only by
the Grantee. 
  
 7. Limitation of Rights. The Grantee or the personal
representative of the Grantee shall have no rights as a stockholder with respect to the SARs or the shares of Stock receivable upon exercise of the SARs until the Grantee or the personal representative of the Grantee shall become the holder of
record of such Stock. Neither the Plan, the granting of the SARs nor this Agreement shall impose any obligation on the Corporation or any Parent or Subsidiary to continue the employment of the Grantee. 
  
 8. Grantee’s Covenant. The Grantee hereby agrees to use his or her best efforts
to provide services to the Corporation in a workmanlike manner and to promote the Corporation’s interests. 
  
 9. Restrictions on Issuance of Stock. If at any time the Board of Directors or the Committee shall determine, in its discretion, that listing, registration or
qualification of the Stock that may be received upon exercise of the SARs upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition to the
exercise of the SARs, the SARs may not be exercised for Stock in whole or in part unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board
of Directors or the Committee. 
  
 10. Plan Controls. In the event of any
actual or alleged conflict between the provisions of the Plan and the provisions of this Agreement, the provisions of the Plan shall be controlling and determinative. 
  

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 11. Successors. This Agreement shall be binding upon any successor of the Corporation, in accordance with the
terms of this Agreement and the Plan. 
  
 (signatures on following
page) 
  
 IN WITNESS WHEREOF, Georgia Bank Financial Corporation,
acting by and through its duly authorized officers, has caused this Agreement to be executed, and the Grantee has executed this Agreement, all as of the day and year first above written. 
  

			
	GEORGIA BANK FINANCIAL CORPORATION
		
	 By:
	 	  

	 Title:
	 	  

	  

	 GRANTEE

  

 141Form of Indemnification Agreement

 Exhibit 10.14 
  
 INDEMNIFICATION AGREEMENT 
  
 THIS AGREEMENT dated
                        , 200     , for reference purposes, is entered into between Greater Bay
Bancorp, a California corporation (“Bancorp”), and                             
(“Indemnitee”), with reference to the following facts. 
  
 RECITALS: 
  
 A. Bancorp believes that it is
essential to its best interests to attract and retain highly capable persons to serve as executive officers of Bancorp. 
  
 B. Indemnitee has been selected to be an executive officer of Bancorp. 
  
 C. Bancorp and Indemnitee recognize the increased risk of litigation and other claims being asserted against officers of
corporations. 
  
 D. In recognition of Indemnitee’s need for
substantial protection against personal liability, in order to enhance Indemnitee’s service to Bancorp, and in order to induce Indemnitee to provide services to Bancorp as an executive officer, Bancorp wishes to provide in this Agreement for
the indemnification of and the advancement of expenses to Indemnitee to the fullest extent permitted by law as set forth in this Agreement, and to the extent applicable insurance is maintained, for the coverage of Indemnitee under Bancorp’s
policies of directors’ and officers’ liability insurance. 
  
 IN CONSIDERATION of the foregoing and of Indemnitee’s services to Bancorp directly or, at its request, with another enterprise, the parties agree as follows: 
  
 Section 1. Definitions 
  
 (a) Board: the Board of Directors of Bancorp. 
  
 (b) Change in Control: a state of affairs that shall be deemed to have occurred if: 
  
 (i) any person is or becomes the “beneficial owner” (as that term is defined in Rule 13d-3 under
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), directly or indirectly, of securities representing 20 percent or more of the total voting power of Bancorp’s then-outstanding voting securities; or 
  
 (ii) during any period of two consecutive years, individuals
who, at the beginning of such period, constitute the Board together with any new director whose election by the Board or nomination for election by Bancorp’s shareholders was approved by a vote of at least two-thirds of the directors then in
office who either were directors at the beginning 

  

 
of the two-year period, or whose election or nomination was previously so approved, cease for any reason to constitute a majority of the Board; or

  
 (iii) the shareholders of Bancorp approve a
merger or consolidation of Bancorp with any other corporation, other than a merger or consolidation that would result in the voting securities of Bancorp outstanding immediately prior to such merger or consolidation continuing to represent (either
by remaining outstanding or by being converted into voting securities of the surviving entity) at least 80 percent of the total voting power represented by the voting securities of Bancorp or such surviving entity outstanding immediately after such
merger or consolidation; or 
  
 (iv) the
shareholders of Bancorp approve a plan of complete liquidation of Bancorp, or an agreement for the sale or disposition by Bancorp (whether in one transaction or a series of transactions) of all or substantially all of Bancorp’s assets.

  
 (c) Expenses: 
  
 (i) Any expense, liability, damages or loss, including
attorneys’ fees, judgments, fines, ERISA excise taxes and penalties, amounts paid or to be paid in settlement; 
  
 (ii) any interest, assessments, or other charges imposed on any of the items in part (i) of this subsection (c); and 
  
 (iii) any federal, state, local, or foreign taxes imposed as
a result of the actual or deemed receipt of any payments under this Agreement paid or incurred in connection with investigating, defending, being a witness in, or participating in (including on appeal), or preparing for any of the foregoing in, any
Proceeding relating to any Indemnifiable Event. 
  
 (d)
Indemnifiable Event: any event or occurrence that takes place either before or after the execution of this Agreement and that is related to 
  
 (i) the fact that Indemnitee is or was a director or an officer of Bancorp or any of its subsidiaries or while a director or officer is or
was serving at the request of Bancorp as a director, officer, employee, trustee, agent, or fiduciary of another foreign or domestic corporation, partnership, joint venture, employee benefit plan, trust or other enterprise, or was a director,
officer, employee or agent of a foreign or domestic corporation that was a predecessor corporation of Bancorp or another enterprise at the request of such predecessor corporation, or 
  
 (ii) anything done or not done by Indemnitee in any such capacity, whether or not the basis of the
Proceeding is an alleged action in an official capacity as a director, officer, employee, or agent, or in any other capacity while serving as a director, officer, employee, or agent of Bancorp, as described in this subsection (d). 
  

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 (e) Independent Counsel: the person or body appointed in connection with section 3. 
  
 (f) Person: “person” (as that term is used in sections 13(d) and
14(d) of the Exchange Act), other than a trustee or other fiduciary holding securities under an employee benefit plan of Bancorp acting in such capacity, or a corporation owned directly or indirectly by the shareholders of Bancorp in substantially
the same proportions as their ownership of shares of Bancorp at the date of this Agreement. 
  
 (g) Participant: a person who is a party to, or witness or other participant (including on appeal) in, a Proceeding. 
  
 (h) Potential Change in Control: a state of affairs that shall be deemed to exist if: 
  
 (i) Bancorp enters into an agreement or arrangement, the consummation of which would result in the
occurrence of a Change in Control; or 
  
 (ii)
any Person (including Bancorp) announces publicly an intention to take or to consider taking actions that, if consummated, would constitute a Change in Control; or 
  
 (iii) any Person who is or becomes the beneficial owner, directly or indirectly, of securities of Bancorp
representing 10 percent or more of the combined voting power of Bancorp’s then-outstanding voting securities , increases his or her beneficial ownership of such securities by 5 percent or more over the percentage owned by such Person on the
date of this Agreement; or 
  
 (iv) the Board
adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control has occurred. 
  
 (i) Proceeding: any threatened, pending, or completed action, suit, or proceeding, or any inquiry, hearing, or investigation, whether conducted by Bancorp
or any other party, that Indemnitee in good faith believes might lead to the institution of any such action, suit, or proceeding, whether civil, criminal, administrative, investigative, or other. 
  
 (j) Reviewing Party: the person or body appointed in accordance with section
3. 
  
 (k) Voting Securities: any securities of Bancorp that have
the right to vote generally in the election of directors. 
  
 Section 2. Agreement
to Indemnify 
  
 (a) General Agreement. In the event
Indemnitee was, is, or becomes a Participant in, or is threatened to be made a Participant in, a Proceeding by reason of (or arising in part out of) an Indemnifiable Event, Bancorp shall indemnify Indemnitee from and against any and all Expenses to
the fullest extent permitted by law, as the same exists or may hereafter be amended or interpreted (but in the case of any such amendment or interpretation, only to the extent that such 

  

 3 

 
amendment or interpretation permits Bancorp to provide broader indemnification rights than were permitted prior to that amendment or interpretation). The
parties to this Agreement intend that this Agreement shall provide for indemnification in excess of that expressly permitted by the California Corporations Code, including, without limitation, any indemnification provided by Bancorp’s articles
of incorporation, its bylaws, a vote of its shareholders or disinterested directors, or applicable law. Without limiting the generality of the foregoing, in a Proceeding initiated by a third party, or by or in the right of Bancorp, the Indemnitee
shall be entitled to indemnification if the Indemnitee acted in a manner he or she did not believe to be contrary to the best interests of Bancorp. In addition, in any proceeding initiated by or in the right of Bancorp which is settled with respect
to the Indemnitee, Bancorp shall indemnify the Indemnitee against any and all Expenses if the Indemnitee met the standards of conduct set forth in the sentence immediately above, and court approval of such indemnification will not be required.

  
 (b) Initiation of Proceeding. Notwithstanding anything
in this Agreement to the contrary, Indemnitee shall not be entitled to Indemnification under this Agreement in connection with any Proceeding initiated by Indemnitee against Bancorp or any director or officer of Bancorp unless: 
  
 (i) Bancorp has joined in or the Board has consented to the
initiation of such Proceeding; 
  
 (ii) the
Proceeding is one to enforce indemnification rights under section 5; or 
  
 (iii) the Proceeding is instituted after a Change in Control and Independent Counsel has approved its initiation. 
  
 (c) Expense Advances. If so requested by Indemnitee, Bancorp shall, within ten business days of such request, advance all Expenses to Indemnitee
(an “Expense Advance”). Notwithstanding the foregoing, to the extent that the Reviewing Party determines that Indemnitee would not be permitted to be so indemnified under applicable law, Bancorp shall be entitled to be reimbursed by
Indemnitee for all such amounts, and Indemnitee hereby agrees to reimburse Bancorp promptly for the same. If Indemnitee has commenced legal proceedings in a court of competent jurisdiction to secure a determination that Indemnitee should be
indemnified under applicable law, as provided in section 4, any determination made by the Reviewing Party that Indemnitee would not be permitted to be indemnified under applicable law shall not be binding, and Indemnitee shall not be required to
reimburse Bancorp for any Expense Advance until a final judicial determination is made with respect thereto and all rights of appeal therefrom have been exhausted or have lapsed. Indemnitee’s obligations to reimburse Bancorp for Expense
Advances shall be unsecured and no interest shall be charged thereon. 
  
 (d) Mandatory Indemnification. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits in defense of any Proceeding relating in whole or in part to an Indemnifiable Event
or in defense of any issue or matter in such Proceeding, Indemnitee shall be indemnified against all Expenses incurred in connection with that Proceeding. 
  

 4 

 (e) Partial Indemnification. The Indemnitee also shall be entitled to indemnification by Bancorp
for a portion of Expenses of Indemnitee is not entitled to full indemnification under any applicable law. 
  
 (f) Prohibited Indemnification. No indemnification under this Agreement shall be paid by Bancorp (except to the extent it is provided from policies
of insurance carried by Bancorp) on account of any Proceeding (i) in which judgment is rendered against Indemnitee for an accounting of profits made from the purchase or sale by Indemnitee of securities of Bancorp under the provisions of section
16(b) of the Exchange Act, or similar provisions of any federal, state or local laws, or (ii) if Bancorp is expressly prohibited from making payments under this Agreement pursuant to any applicable federal or state statutes, or any rules or
regulations adopted by any federal or state governmental agency which has the power to regulate Bancorp’s business. 
  
 Section 3. Reviewing Party 
  
 Before any Change in Control, the Reviewing Party shall be any appropriate person or body consisting of a member or members of the Board or any other
person or body appointed by the Board who is not a party to the Proceeding for which Indemnitee is seeking indemnification; after a Change in Control, the Reviewing Party shall be the Independent Counsel. On all matters arising after a Change in
Control (other than a Change in Control approved by a majority of the directors of the Board who were directors immediately before such a Change in Control) concerning the rights of Indemnitee to indemnity payments and Expense Advances under this
Agreement, any other agreement, applicable law, or Bancorp’s articles of incorporation or bylaws now or hereafter in effect relating to indemnification for Indemnifiable Events, Bancorp shall seek legal advice only from Independent Counsel
selected by Indemnitee and approved by Bancorp (which approval shall not be unreasonably withheld), and who has not otherwise performed services for Bancorp or the Indemnitee (other than in connection with indemnification matters) within the
previous five years. The Independent Counsel shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either Bancorp or Indemnitee in an action to
determine Indemnitee’s rights under this Agreement. Such counsel, among other things, shall render a written opinion to Bancorp and Indemnitee on whether and to what extent the Indemnitee should be permitted to be indemnified under applicable
law. Bancorp agrees to pay the reasonable fees of the Independent Counsel and to indemnify fully such counsel against any and all Expenses, including attorneys’ fees, claims, liabilities, loss, and damages arising out of or relating to this
Agreement or the engagement of Independent Counsel under this Agreement. 
  
 Section 4. Indemnification Process and Appeal 
  
 (a)
Indemnification Payment. Indemnitee shall receive indemnification of Expenses from Bancorp in accordance with this Agreement as soon as practicable after Indemnitee has made written demand on Bancorp for indemnification, unless the Reviewing
Party has given a written opinion to Bancorp that Indemnitee is not entitled to indemnification under this Agreement or applicable law. 
  

 5 

 (b) Suit to Enforce Rights. Regardless of any action by the Reviewing Party, if Indemnitee has not
received full indemnification within 30 days after making a demand in accordance with section 4(a), Indemnitee shall have the right to enforce its indemnification rights under this Agreement by commencing litigation in any court in the State of
California seeking an initial determination by the court or challenging any determination by the Reviewing Party or any aspect thereof. Bancorp hereby consents to service of process and to appear in any such Proceeding. Any determination by the
Reviewing Party not challenged by the Indemnitee shall be binding on Bancorp and Indemnitee. The remedy provided for in this section 4 shall be in addition to any other remedies available to Indemnitee in law or equity. 
  
 (c) Defense to Indemnification, Burden of Proof and Presumptions. It
shall be a defense to any action brought by Indemnitee against Bancorp to enforce this Agreement (other than an action brought to enforce a claim for Expenses incurred in defending a Proceeding in advance of its final disposition) that it is not
permissible, under this Agreement or applicable law, for Bancorp to indemnify Indemnitee for the amount claimed. In connection with any such action or any determination by the Reviewing Party or otherwise on whether Indemnitee is entitled to be
indemnified under this Agreement, the burden of proving such a defense or determination shall be on Bancorp. Neither the failure of the Reviewing Party or Bancorp (including its Board, independent legal counsel, or its shareholders) to have made a
determination before the commencement of such action by Indemnitee that indemnification is proper under the circumstances because the Indemnitee has met the standard of conduct set forth in this Agreement or under applicable law, as the case may be,
nor an actual determination by the Reviewing Party or Bancorp (including its Board, independent legal counsel, or its shareholders) that the Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a
presumption that the Indemnitee has not met the applicable standard of conduct. For purposes of this Agreement, the termination of any claim, action, suit, or proceeding, by judgment, order, settlement (whether with or without court approval),
conviction, or on a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not
permitted by applicable law. 
  
 Section 5. Indemnification for Expenses Incurred
in Enforcing Rights 
  
 Bancorp shall indemnify Indemnitee against
any and all Expenses incurred by the Indemnitee in enforcing his or her rights under this Agreement. If requested by Indemnitee, Bancorp shall, within ten business days of such request, advance to Indemnitee such Expenses as are incurred by
Indemnitee in connection with any claim asserted against or action brought by Indemnitee for: 
  
 (a) indemnification of Indemnitee by Bancorp under this Agreement, or any other agreement, or under applicable law, or Bancorp’s articles of incorporation or bylaws now or hereafter in effect relating to
indemnification for Indemnifiable Events, and/or 
  
 (b) recovery
under directors’ and officers’ liability insurance policies maintained by Bancorp, for amounts paid in settlement if the Independent Counsel has approved the settlement. 
  

 6 

 Bancorp shall not settle any Proceeding in any manner that would impose any penalty or limitation on
Indemnitee without Indemnitee’s written consent. Neither Bancorp nor the Indemnitee will unreasonably withhold its consent to any proposed settlement. Bancorp shall not be liable to indemnify the Indemnitee under this Agreement with regard to
any judicial award if Bancorp was not given a reasonable and timely opportunity, at its expense, to participate in the defense of such action; however, Bancorp’s liability under this Agreement shall not be excused if participation in the
Proceeding by Bancorp was barred by this Agreement. 
  
 Section 6. Establishment
of Trust 
  
 In the event of a Change in Control or a Potential
Change in Control, Bancorp shall, on written request by Indemnitee, create a trust for the benefit of the Indemnitee (the “Trust”) and from time to time on written request of Indemnitee shall fund the Trust in an amount sufficient to
satisfy any and all Expenses reasonably anticipated at the time of each such request to be incurred in connection with investigating, preparing for, participating in, and/or defending any Proceeding relating to an Indemnifiable Event. The amount or
amounts to be deposited in the Trust under the foregoing funding obligation shall be determined by the Reviewing Party. The terms of the Trust shall provide that on a Change in Control: 
  
 (a) The Trust shall not be revoked or the principal invaded without the written consent of the Indemnitee. 
  
 (b) The Trustee shall advance, within ten business days of a request by
Indemnitee, all Expenses to the Indemnitee (provided that the Indemnitee hereby agrees to reimburse the Trust under the same circumstances for which the Indemnitee would be required to reimburse Bancorp under section 2(c) of this Agreement).

  
 (c) The Trust shall continue to be funded by Bancorp in
accordance with the funding obligation set forth in this section 6. 
  
 (d) The Trustee shall promptly pay to the Indemnitee all amounts for which the Indemnitee shall be entitled to indemnification under this Agreement or otherwise. 
  
 (e) All unexpended funds in the Trust shall revert to Bancorp on a final determination by the Reviewing Party or a court of
competent jurisdiction that the Indemnitee has been fully indemnified under the terms of this Agreement. 
  
 The Trustee shall be chosen by the Indemnitee subject to the approval of the Reviewing Party. Nothing in this section 6 shall relieve Bancorp of any of
its obligations under this Agreement. All income earned on the assets held in the Trust shall be reported as income by Bancorp for federal, state, local and foreign tax purposes. Bancorp shall pay all costs of establishing and maintaining the Trust
and shall indemnify the Trustee against any and all Expenses, including attorneys’ fees, claims, liabilities, loss, and damages arising out of or relating to this Agreement or the establishment and maintenance of the Trust. 
  

 7 

 Section 7. Notification and Defense of Claim 
  
 Promptly after receipt by Indemnitee of notice of the commencement of any Proceeding against Indemnitee for which Indemnitee
will seek indemnification under this Agreement, Indemnitee will notify Bancorp of the commencement thereof; but the omission to so notify Bancorp will not relieve it from any liability which it may have to Indemnitee otherwise than under this
Agreement. With respect to any Proceeding as to which Indemnitee so notifies Bancorp: 
  
 (a) Bancorp will be entitled to participate in the Proceeding at its own expense. 
  
 (b) Except as otherwise provided below, to the extent that it may wish, Bancorp jointly with any other indemnifying party similarly notified, will be
entitled, provided it is advancing to Indemnitee all of the costs and expenses required under this Agreement, to assume the defense of the Proceeding with counsel satisfactory to Indemnitee. After notice from Bancorp to Indemnitee of its election to
assume the defense of the Proceeding, Bancorp will not be liable to Indemnitee under this Agreement for any legal or other expenses subsequently incurred by Indemnitee in connection with such defense other than reasonable costs of investigation or
as otherwise provided below. Indemnitee shall have the right to employ his or her counsel in such Proceeding, but the fees and expenses of such counsel incurred after notice from Bancorp of its assumption of such defense shall be at the expense of
Indemnitee unless (i) the employment of counsel by Indemnitee has been authorized by Bancorp, (ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between Bancorp and Indemnitee in the conduct of the defense of
the proceeding or (iii) Bancorp shall not, in fact, have employed counsel to assume the defense of the Proceeding, in each of which cases the fees and expenses of counsel shall be at the expense of Bancorp. Bancorp shall not be entitled to assume
the defense of any Proceeding brought by or on behalf of Bancorp or as to which Indemnitee shall have made the conclusion provided for in (ii) above. 
  
 (c) Bancorp shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding without Bancorp’s
written consent. Bancorp shall not settle any action or claim in any manner, which would impose any obligation or limitation on Indemnitee without Indemnitee’s written consent. Neither Bancorp nor Indemnitee will unreasonably withhold
its/his/her consent to any proposed settlement. 
  
 Section 8. Nonexclusivity

  
 The rights of Indemnitee under this Agreement shall be in
addition to any other rights Indemnitee may have under Bancorp’s articles of incorporation, bylaws, applicable law, or otherwise. To the extent that a change in applicable law (whether by statute or judicial decision) permits greater
indemnification by agreement than would be afforded currently under Bancorp’s articles of incorporation, bylaws, applicable law, or this Agreement, it is the intent of the parties that Indemnitee enjoy by this Agreement the greater benefits
afforded by such change. 
  

 8 

 Section 9. Liability Insurance 
  

Bancorp will purchase and maintain in effect for the benefit of Indemnitee one or more valid, binding and enforceable policy or policies of directors
and officers liability insurance provided that Bancorp shall not be required to purchase and maintain the same if such insurance is not reasonably available or if in the reasonable business judgment of the then directors of Bancorp the cost for such
insurance is substantially disproportionate to the coverage provided or the coverage provided is so limited by exclusions that the benefits provided by such insurance are insufficient. 
  
 Bancorp agrees that the provisions hereof shall remain in effect regardless of whether directors and officers liability
insurance or other insurance coverage is at any time obtained or retained by Bancorp and that any benefits granted to Indemnitee hereunder shall be in addition to any indemnification benefits provided to Indemnitee by any entity other than Bancorp;
except that any payments made under an insurance policy or from any other source shall reduce the obligations of Bancorp hereunder. 
  
 Section 10. Period of Limitations 
  
 No legal action shall be brought, and no cause of action shall be asserted, by or on behalf of Bancorp or any affiliate of Bancorp against Indemnitee,
Indemnitee’s spouse, heirs, executors, or personal or legal representatives, after the expiration of two years from the date of accrual of such cause of action, or such longer period as may be required by state law under the circumstances. Any
claim or cause of action of Bancorp or its affiliate shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such period; provided, that if any shorter period of limitations is otherwise applicable to
any such cause of action, this shorter period shall govern. 
  
 Section 11.
Amendment of this Agreement 
  
 No supplement, modification, or
amendment of this Agreement shall be binding unless executed in writing by both of the parties to it. No waiver of any of the provisions of this Agreement shall operate was a waiver of any other provisions of this Agreement (whether or not similar),
nor shall such waiver constitute a continuing waiver. Except as specifically provided in this Agreement, no failure to exercise or delay in exercising any right or remedy under it shall constitute a waiver of the right or remedy. 
  
 Section 12. Indemnification of Spouse 
  
 Bancorp further agrees to indemnify Indemnitee’s spouse to whom
Indemnitee is legally married at any time he or she is covered under the indemnification provided herein (even if Indemnitee does not remain married to such spouse during the entire period of coverage) against third party actions, suits or
proceedings or direct or derivative actions or suits for the same period, to the same extent and subject to the same standards, limitations, obligations and conditions provided Indemnification in the event his or her spouse (or former spouse)
becomes 

  

 9 

 
involved in an action, suit or proceeding solely by reason of such spouse’s status as Indemnitee’s spouse, including without limitation, any
action, suit or proceeding that seeks damages recoverable from marital community property, jointly-owned property or property purported to have been transferred from Indemnitee to his or her spouse (or former spouse). Indemnitee’s spouse or
former spouse may also be entitled to advancement of expenses to the same extent hereunder, and Bancorp may maintain insurance to cover its obligation hereunder with respect to Indemnitee’s spouse (or former spouse) or set aside assets in a
trust or escrow fund for such purpose. 
  
 Section 13. No Duplication of Payments

  
 Bancorp shall not be liable under this Agreement to make any
payment in connection with any claim made against Indemnitee to the extent Indemnitee has otherwise received payment (under any insurance policy, bylaw, or otherwise) of the amounts otherwise indemnifiable under this Agreement. 
  
 Section 14. Binding Effect 
  
 This Agreement shall be binding on and inure to the benefit of and be enforceable by the parties to it and their respective
successors (including any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of Bancorp’s business or assets or both), assigns, spouses, heirs, and personal and legal representatives.
Bancorp shall require and cause any successor (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all, substantially all, or a substantial part, of Bancorp’s business or assets or both, by written agreement in form
and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that Bancorp would be required to perform if no such succession had taken place. The indemnification provided
under this Agreement shall continue for Indemnitee for any action taken or not taken while serving in an indemnified capacity pertaining to an Indemnifiable Event even though Indemnitee may have ceased to serve in such capacity at the time of any
proceeding. 
  
 Section 15. Severabilitity 
  
 If any portion of this Agreement shall be held by a court of competent
jurisdiction to be invalid, void, or otherwise unenforceable, the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without
limitation, each portion of this Agreement containing any provision held to be invalid, void, or otherwise unenforceable, that is not itself invalid, void or unenforceable) shall be construed so as to give effect to the intent manifested by the
provision held invalid, void, or unenforceable. 
  
 Section 16. Governing Law

  
 This Agreement shall be governed by and construed and enforced
in accordance with the laws of the State of California applicable to contracts made and to be performed in such State without giving effect to the principles of conflicts of laws. 
  

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 Section 17. Notices 
  
 All notices, demands, and other communications required or permitted under this Agreement shall be made in writing and shall be deemed to have been duly
given if delivered by hand against receipt, or mailed, first class postage prepaid, certified or registered mail; return receipt requested and addressed to Bancorp at: 
  

			
	 	  	 1900 University Avenue, 6th Floor
 East Palo Alto, CA 94303

		
	and to Indemnitee at:	  	 

  
 Notice of change of address shall be
effective only when given in accordance with this section. All notices complying with this section shall be deemed to have been received on the date of delivery or on the third business day after mailing. 
  

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 IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the day
specified above. 
  

									
	 GREATER BAY BANCORP
	 	 	 	 INDEMNITEE

				
	 By:
	 	 	 	 	 	 
	 	 	 	 	 	 	 

  

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