SEC Contract Filing

Filing Date: 2018-06-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>ex106-indemnificationagree.htm
<DESCRIPTION>EXHIBIT 10.6
<TEXT>
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<div><a name="s703fcf6452774b96820bc2eeb98a9ef7"></a></div><div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">INDEMNIFICATION AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS AGREEMENT dated June 15, 2018 is made by and between StoneMor GP LLC, a Delaware limited liability company (the &#8220;Company&#8221;), and the undersigned (&#8220;Indemnitee&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Company has adopted a Limited Liability Company Agreement (the &#8220;LLC Agreement&#8221;) providing for indemnification of the Company&#8217;s directors and officers to the fullest extent authorized by the Delaware Limited Liability Company Act (the &#8220;State Statute&#8221;); and</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the LLC Agreement and State Statute contemplate that contracts and insurance policies may be entered into with respect to indemnification of directors and officers; and</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, there are questions concerning the adequacy and reliability of the protection which might be afforded to directors and officers from acquisition of policies of Directors and Officers Liability Insurance (&#8220;D&amp;O Insurance&#8221;), covering certain liabilities which might be incurred by directors or officers in the performance of their services to the Company; and</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, it is reasonable, prudent and necessary for the Company to obligate itself contractually to indemnify Indemnitee so that she will serve or continue to serve the Company free from undue concern that she will not be adequately protected; and</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, Indemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Company on condition that she be so indemnified;</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows:</font></div><div style="line-height:120%;padding-left:48px;padding-bottom:16px;text-indent:48px;"><font style="padding-bottom:16px;font-family:inherit;font-size:12pt;font-weight:bold;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Definitions.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#32;As used in this Agreement:</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)&#160;&#160;&#160;&#160;The term &#8220;Proceeding&#8221; shall include any threatened, pending or completed action, suit, inquiry or proceeding, whether brought by or in the right of the Company or otherwise and whether of a civil, criminal, administrative, arbitrative or investigative nature, in which Indemnitee is or will be involved as a party, as a witness or otherwise, by reason of the fact that Indemnitee is or was a director, officer or agent of the Company, by reason of any action taken by her or of any inaction on her part while acting as a director, officer or agent of the Company or by reason of the fact that she is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, limited liability company or other enterprise; in each case whether or not she is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification or reimbursement can be provided under this Agreement; provided that any such action, suit or proceeding that is brought by Indemnitee against that company or directors or officers of the Company, other than an action brought by Indemnitee to enforce her rights under this Agreement, shall not be deemed a Proceeding without prior approval by a majority of the Board of Directors of the Company.</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)&#160;&#160;&#160;&#160;The term &#8220;Expenses&#8221; shall include, without limitation, any judgments, fines and penalties against Indemnitee in connection with a Proceeding; amounts paid by Indemnitee in settlement of a Proceeding; and all attorneys&#8217; fees and disbursements, accountants&#8217; fees, private investigation fees and disbursements, retainers, court costs, transcript costs, fees of experts, fees and expenses of witnesses, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, del