Indemnity Agreement among Flushing Savings Bank, FSB, Flushing Financial Corporation, and Certain Officers.
AGREEMENT, dated as of August 20,1996, by and among Flushing Savings Bank, FSB (the "Bank"), Flushing
Financial Corporation ("FFC") and the undersigned Officer of the Bank and FFC (the "Officer").
The Officer is rendering valuable services to the Bank and desires to continue to provide such services provided
he receives assurance that the Bank and FFC will indemnify him to the full extent permitted by law against claims
arising out of such services.
The Bank and FFC desire to retain the services of the Officer and are willing to provide such assurances.
NOW THEREFORE, the Bank and FFC hereby agree with the Officer as follows:
GENERAL RIGHT TO INDEMNIFICATION.
Notwithstanding any other provision of this Agreement, the Bank and FCC, jointly and severally, shall indemnify
the Officer, his heirs, executors and personal or legal representatives (collectively, an "Indemnified Party") to the
full extent permitted by applicable law as now or hereafter in effect, against judgments, fines, amounts paid in
settlement, and Expenses (as hereinafter defined) actually incurred in connection with any pending, threatened or
completed claim, action or proceeding, or in connection with an appeal therein, whether civil, criminal or
administrative, including any action by or in the right of the Bank to procure a judgment in its favor (a "Claim")
arising out of, based upon, or related to the fact that the Officer is or was an Officer of the Bank or FFC, or
serves or served any other corporation, partnership, association, trust, conference, group, employee benefit plan
or other enterprise, of any type of kind, domestic or foreign, in any capacity at the request of the Bank (an
As used in this Agreement, the term "Expenses" includes attorneys' fees and all other costs, expenses and
obligations paid or incurred in connection with investigatin