FOSL » Topics » Indemnification

This excerpt taken from the FOSL 8-K filed Oct 31, 2008.
Indemnification.  Without limitation, including Section 11.9, the members of the Committee shall be indemnified by the Company against any and all liabilities arising by reason of any act, or failure to act, pursuant to the provisions of the Plan, including expenses reasonably incurred in the defense of any claim relating to the Plan, even if the same is judicially determined to be due to such member’s negligence, but not when the same is judicially determined to be due to the gross negligence or willful misconduct of such member.

 

2.8.                             

This excerpt taken from the FOSL 8-K filed Jan 30, 2006.
Indemnification.  Without limitation, including Section 10.10, the members of the Committee shall be indemnified by the Company against any and all liabilities arising by reason of any act, or failure to act, pursuant to the provisions of the Plan, including expenses reasonably incurred in the defense of any claim relating to the Plan, even if the same is judicially determined to be due to such member’s negligence, but not when the same is judicially determined to be due to the gross negligence or willful misconduct of such member.

 

2.8.         

EXCERPTS ON THIS PAGE:

8-K
Oct 31, 2008
8-K
Jan 30, 2006
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