ARTICLE 10 – INDEMNIFICATION – REMUNERATION


1. The Air Canada Pionairs shall indemnify and hold harmless the Officers from and against all obligations, liabilities and expenses arising from, and in the course of the performance of their assigned duties.

2. The Officers and Directors shall serve in office without remuneration. They will normally pay personal expenses incurred at Annual General Meetings; however, by resolution of the Executive Board, expenses incurred for the attendance of authorized members of the Executive Board or of the Board of Directors, at each regular or special meeting of these Boards may be allowed.

3. The Executive Board shall incur no indebtedness beyond its existing funds.

4. Air Canada will assume no responsibility for any debts, liabilities or obligations of the Air Canada Pionairs.