To the maximum extent permitted by law, the Borough shall indemnify directly from its own assets (including the proceeds of any insurance policy the premiums of which are paid from the Borough's own assets) each member of the Pension Committee and each other officer or employee of the Borough to whom any duty or power relating to the administration or interpretation of the Employees' Pension Plan or to the management and control of the assets of the Plan may be delegated or allocated, against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim with the approval of the Borough) arising out of any act or omission to act in connection with the Plan, unless arising out of such person's own fraud or bad faith.
(Ord. 826. Passed 10-9-84.)