(a)
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The
Corporation hereby agrees to indemnify, and keep indemnified in accordance
with, and to the fullest extent permitted by the Corporation's charter
and
that is lawful, and regardless of any by-law provision to the contrary,
Indemnitee, from and against any expenses (including attorney's fees),
judgments, fines, taxes, penalties and amounts paid in settlement
actually
and reasonably incurred by Indemnitee in connection with any threatened,
pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative, by reason of the fact that he is
or was a
director of the Corporation or is or was serving at the request of
the
Corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise
and
whether or not such action is by or in the right of the Corporation
or
that other corporation, partnership, joint venture, trust or other
enterprise with respect to which the Indemnitee serves or has
served.
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(b)
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Despite
anything to the contrary in subsection (a), the Corporation agrees
to
indemnify Indemnitee in a suit or proceeding initiated by the Indemnitee
only if the Indemnitee acted with the authorization of the Corporation
in
initiating that suit or proceeding. However, an arbitration proceeding
brought under Section 8 shall not be subject to this subsection
(b).
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(c)
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Except
as set forth in Section 5 (Advancement of Expenses), the specific
amounts
that were actually and reasonably incurred shall be indemnified by
the
Corporation in the amount submitted by the Indemnitee unless the
Board of
Directors (the “Board”) determines that the request is unreasonable or
unlawful. If the Board so determines and the Board and the Indemnitee
cannot agree, any disagreement they have shall be resolved by a decision
of the arbitrator in an arbitration proceeding pursuant to Section
8. For
purposes of this Agreement, references to "other enterprises" shall
include employee benefit plans; references to "fines" shall include
any
excise taxes assessed on a person with respect to an employee benefit
plan; and references to "serving at the request of the Corporation"
shall
include any service as a director, officer, employee or agent of
the
corporation 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.
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(a)
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Subject
to subparagraph (b) of this section, this Agreement shall terminate
when
the Indemnitee's term of office as a director
ends.
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(b)
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The
rights granted to Indemnitee hereunder shall continue after termination
as
provided in Section 1 and shall inure to the benefit of Indemnitee,
his
personal representative, heirs, executors, administrators and
beneficiaries, and this Agreement shall be binding upon the Corporation,
its successors and assigns.
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By:
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Marschall
I. Smith
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[NAME]
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Vice
President, General Counsel
and
Secretary
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Director
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