IDAHO POWER CO
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<p class=MsoNormal align=right style='text-align:right'>Exhibit 10(h)(xix)</p>



<p class=TitleBI align="center"><b><i>OFFICER INDEMNIFICATION AGREEMENT<br>
<u>IDACORP, INC.</u></i></b></p>

<p class=MsoBodyTextFirstIndent style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Agreement is
made and entered into as of the ____ day of _________, 200_ by and between <b><i>IDACORP,
Inc.</i></b>, an Idaho corporation (the &quot;Corporation&quot;), and _________________
(the &quot;Indemnitee&quot;).</p>

<p class=TitleBI align="center"><i><b><u>Recitals</u></b></i></p>

<p class=MsoBodyTextFirstIndent style='text-align:justify;text-indent:1.0in'><i>Whereas</i>,
it is essential to the Corporation that it attract and retain as Officers of
the Corporation and the Subsidiaries the most capable persons available; and</p>

<p class=MsoBodyTextFirstIndent style='text-align:justify;text-indent:1.0in'><i>Whereas</i>,
Indemnitee is an Officer of the Corporation and/or one or more of the
Subsidiaries and is serving as such at the request of the Corporation; and</p>

<p class=MsoBodyTextFirstIndent style='text-align:justify;text-indent:1.0in'><i>Whereas</i>,
both the Corporation and Indemnitee recognize the increased risk of litigation
and other claims being asserted against officers of public companies in the
current environment; and</p>

<p class=MsoBodyTextFirstIndent style='text-align:justify;text-indent:1.0in'><i>Whereas</i>,
in addition to the indemnification to which Indemnitee is entitled pursuant to
the Idaho Business Corporation Act, the general corporation law of each other
jurisdiction in which a Subsidiary for whom Indemnitee serves as an Officer is
organized, the Articles of Incorporation of the Corporation, as amended, and
the Articles of Incorporation or similar document of each Subsidiary for whom
Indemnitee serves as an Officer (collectively, the &quot;Charters&quot;), the
Corporation has purchased, at its expense, officers' liability insurance
protecting Indemnitee in connection with such service; and</p>

<p class=MsoBodyTextFirstIndent style='text-align:justify;text-indent:1.0in'><i>Whereas</i>,
the Corporation and Indemnitee have concluded that the indemnities available
under the Charters and the insurance currently in effect need to be
supplemented to more fully protect Indemnitee against the risks associated with
Indemnitee's service as an Officer of the Corporation and/or any Subsidiary;
and</p>

<p class=MsoBodyTextFirstIndent style='text-align:justify;text-indent:1.0in'><i>Whereas</i>,
in recognition of Indemnitee's need for additional protection against personal
liability in order to enhance Indemnitee's service to the Corporation and/or
any Subsidiary in an effective manner, and in order to induce Indemnitee to
provide services to the Corporation and/or any Subsidiary as an Officer
thereof, the Corporation wishes to provide in this Agreement for the
indemnification of Indemnitee to the fullest extent permitted by law and as set
forth in this Agreement;<b>[</b> and<b>]</b></p>

<p class=MsoBodyTextFirstIndent style='text-align:justify;text-indent:1.0in'><b><i>[ADD
THE FOLLOWING IF THIS AGREEMENT REPLACES AN EXISTING AGREEMENT--</i></b><i>Whereas</i>,
the Corporation and Indemnitee previously entered into an Officer
Indemnification Agreement dated as of ____________, ______ (the &quot;Prior
Agreement&quot;) and the Corporation and Indemnitee desire that this Agreement
supersede the Prior Agreement in its entirety;<b>]</b></p>



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<p class=MsoBodyTextFirstIndent style='text-align:justify;text-indent:1.0in'><i>Now,
therefore</i>, in consideration of the foregoing, the covenants contained
herein and Indemnitee's service to the Corporation and/or any Subsidiary, the
Corporation and Indemnitee, intending to be legally bound, hereby agree as
follows:</p>

<p style='text-align:justify' class="MsoBodyTextFirstIndent"><b>Section
1.&nbsp;&nbsp;&nbsp; <i>Agreement to Serve</i></b></p>

<p class=MsoBodyTextFirstIndent style='text-align:justify; text-indent:1.0in'>Indemnitee will serve
or continue to serve as an Officer faithfully and to the best of Indemnitee's
ability at will of the Corporation and/or any Subsidiary, or until such earlier
time as Indemnitee tenders his resignation in writing.</p>

<p style='text-align:justify' class="MsoBodyTextFirstIndent"><b>Section
2.</b>&nbsp;&nbsp; <i>&nbsp;<b>Definitions</b></i></p>

<p class=MsoBodyTextFirstIndent style='text-align:justify; text-indent:1.0in'>The following terms,
as used herein, shall have the following respective meanings:</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Affiliate</u>&quot;</b> of any specified Person means
any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person.&nbsp; For the purposes
of this definition, &quot;control&quot; when used with respect to any specified
Person means the power to direct the management and policies of such Person,
directly or indirectly, whether through ownership of voting securities, by
contract or otherwise; and the terms &quot;controlling&quot; and
&quot;controlled&quot; have meanings relative to the foregoing.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Beneficial Owner</u>&quot;</b> shall have the meaning
set forth in Exchange Act Rule&nbsp;13d&#8209;3.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.3.&nbsp; </b><i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </i>&nbsp; &quot;<u><b>Board</b></u>&quot; means the Board of Directors of the
Corporation.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.4.&nbsp;&nbsp;</b><i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</i> &quot;<u><b>Change in Control</b></u>&quot; means:</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
any person (as such term is defined in Section 3(a)(9) of the Exchange
Act and as used in Section 13(d) of the Exchange Act, excluding (i) the
Corporation or any Subsidiary, (ii) a corporation or other entity owned,
directly or indirectly, by the stockholders of the Corporation immediately
prior to the transaction in substantially the same proportions as their
ownership of stock of the Corporation, (iii) an employee benefit plan (or
related trust) sponsored or maintained by the Corporation or any Subsidiary or
(iv) an underwriter temporarily holding securities pursuant to an offering of
such securities (&quot;Exchange Act Person&quot;)) is the Beneficial Owner,
directly or indirectly, of 20% or more of the combined voting power of the then
outstanding voting securities eligible to vote generally in the election of
directors of the Corporation; provided, however, that no Change in Control will
be deemed to have occurred as a result of a change in ownership percentage
resulting solely from an acquisition of securities by the Corporation;</p>

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<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
any Exchange Act Person has commenced a tender or exchange offer to
acquire any stock of the Corporation (or securities convertible into stock) for
cash, securities or any other consideration provided that, after the closing of
the offer with full shareholder subscription, such Exchange Act Person would be
the Beneficial Owner, directly or indirectly, of 20% or more of the combined
voting power of the then outstanding voting securities eligible to vote
generally in the election of directors of the Corporation (calculated as
provided in Paragraph (d) of Rule 13d-3 under the Exchange Act in the case of
rights to acquire stock);</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
all required shareholder approvals have been obtained for a merger,
consolidation, reorganization or share exchange, or sale of all or
substantially all of the assets, of the Corporation or Idaho Power Company (a
&quot;Qualifying Transaction&quot;), unless, immediately following such
Qualifying Transaction, all of the following will have occurred: (i) all or
substantially all of the Beneficial Owners of the Corporation immediately prior
to such Qualifying Transaction will be the Beneficial Owners in substantially
the same proportions, directly or indirectly, of more than 50% of the combined
voting power of the then outstanding voting securities entitled to vote
generally in the election of directors of the corporation or other entity
resulting from such Qualifying Transaction (including, without limitation, a
corporation or other entity which, as a result of such transaction, owns the
Corporation or all or substantially all of the Corporation's assets either
directly or through one or more Subsidiaries) (as the case may be, the
&quot;Successor Entity&quot;), (ii) no Exchange Act Person will be the
Beneficial Owner, directly or indirectly, of 20% or more of the combined voting
power of the then outstanding voting securities eligible to vote generally in
the election of directors of the Successor Entity and (iii) at least a majority
of the members of the board of directors of the Successor Entity will be Incumbent
Directors;</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
shareholder approval of a complete liquidation or dissolution of the
Corporation or Idaho Power Company;</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
within a 24-month period, individuals who were directors of the Board
immediately before such period (&quot;Incumbent Directors&quot;) cease to constitute
at least a majority of the directors of the Board; provided, however, that any
director who was not a director of the Board at the beginning of such period
shall be deemed to be an Incumbent Director if the election or nomination for
election of such director was approved by the vote of at least two-thirds of the
directors of the Board then still in office (i) who were in office at the
beginning of the 24-month period or (ii) whose election or nomination for
election was so approved, in each case, unless such individual was elected or
nominated as a result of an actual or threatened election contest or as a
result of an actual or threatened solicitation of proxies or consents by or on
behalf of any Exchange Act Person other than the Board; or<a name="OLE_LINK10"></a><a
name="OLE_LINK9"></a></p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
consummation of any transaction described in Section 2.4(c) or 2.4(d) if
such transaction was not approved by shareholders.</p>
<p style='text-align:justify; page-break-after:avoid' class="MsoBodyTextFirstIndent">For
avoidance of doubt, transactions for the purpose of dividing Idaho Power
Company's assets into separate distribution, transmission or generation
entities or such other entities as the Corporation or Idaho Power Company may
determine shall not constitute a Change in Control unless so determined by the
Board.</p>

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<p style='text-align:justify; page-break-after:avoid' class="MsoBodyTextFirstIndent">Upon the Board's determination that (x) a tender offer that constituted a Change in Control under Section 2.4(b) will not result in an Exchange Act Person becoming the Beneficial Owner, directly or indirectly, of 20% or more of the combined voting power of the then outstanding voting securities eligible to vote generally in the election of directors of the Corporation or (y) the Qualifying Transaction described in Section 2.4(c) will not be closed or (z) a complete liquidation or dissolution of the Corporation or Idaho Power Company that was approved by shareholders, as described in Section 2.4(d), will not occur, a Change in Control shall be deemed not to have occurred from such date of determination forward, and this Agreement shall continue in effect as if no Change in Control had occurred.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.5. <i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </i>&quot;<u>Claim</u>&quot;</b> means any threatened, pending or completed
action, suit, proceeding, arbitration or other alternative dispute resolution
mechanism, inquiry, hearing or investigation, whether conducted by the
Corporation, a Subsidiary or any other Person, whether civil, criminal,
administrative, legislative, investigative, or other, and in each case whether
or not commenced prior to the date of this Agreement, that relates to a Covered
Event, and includes, without limitation, those brought by or in the name of the
Corporation, a Subsidiary or any Director or Officer of the Corporation or of
any Subsidiary.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Covered Event</u>&quot;</b> means any event or
occurrence that takes place either prior to, on or after the date of this
Agreement arising out of, or related to, the fact that Indemnitee is or was an
Officer, or while an Officer, is or was serving at the request of the
Corporation or a Subsidiary as a director, officer, employee, trustee, agent,
partner, member or fiduciary of another corporation, partnership, limited
liability company, association, joint venture, employee benefit plan, trust, or
other enterprise or organization, or related to anything done or not done by
Indemnitee in any such capacity, whether or not the basis of the Claim is
alleged action or failure to act in an Official Capacity or in any other capacity
while serving as described above.&nbsp; An Officer is considered to be serving an
employee benefit plan at the request of the Corporation or a Subsidiary if the
Officer's duties to the Corporation or such Subsidiary also impose duties on,
or otherwise involve services by, the Officer to the plan or to participants in
or beneficiaries of the plan.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.7.&nbsp;&nbsp; <i>&nbsp;</i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>D &amp; O Insurance</u>&quot;</b> means the directors'
and officers' liability insurance issued by the insurers, and having the policy
numbers, amounts and deductibles set forth in Section 5.1 hereof<b> </b>and any
replacement or substitute policy or policies issued by one or more reputable
insurers, providing<b>,</b> in the aggregate, at all times and in all respects,
coverage at least comparable and in the same amount as that provided under the
policies identified in Section 5.1 hereof.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.8.&nbsp; <i>&nbsp;</i></b><i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</i>&nbsp; &quot;<u><b>Director</b></u>&quot; means an individual who is or was
a director of the Corporation.&nbsp; &quot;Director&quot; includes, unless the
context requires otherwise, the estate or personal representative of a
Director.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.9. <i>&nbsp;</i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Disinterested Director</u>&quot;</b> means a Director,
who at the time of any vote referred to in Section 7.2.2 hereof, is not:</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A party to the Claim giving rise to the subject matter of the decision
being made; or</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An individual having a familial, financial, professional or employment
relationship with Indemnitee whose indemnification or advance for Expenses is
the subject of the decision being made, which relationship would, in the
circumstances, reasonably be expected to exert an influence on such Director's
judgment when voting on the decision being made.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Exchange Act</u>&quot;</b> means the Securities Exchange
Act of 1934, as amended.</p>

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<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.11.&nbsp; <i>&nbsp;</i>&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Expenses</u>&quot;</b> includes attorneys' fees,
retainers, court costs, travel expenses, fees and expenses of experts,
including accountants and other advisors, transcript costs, filing fees,
telephone charges, postage, copying costs, delivery service fees and other
costs, disbursements, expenses and obligations of the type typically paid or
incurred in connection with (i) investigating, prosecuting or defending, being
a witness in or participating in (including on appeal), or preparing for any of
the foregoing in any Claims relating to a Covered Event or (ii) establishing a
right to indemnification under Section 7.2.5 hereof.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Loss</u>&quot;</b> means any amount which Indemnitee
incurs as a result of any Claim, including, without limitation (a) all
judgments, penalties and fines, and amounts paid or to be paid in settlement,
(b) all interest, assessments and other charges paid or payable in connection
therewith and (c) any federal, state, local or foreign taxes imposed (net of
the value to Indemnitee of any tax benefits resulting from tax deductions or
otherwise as a result of the actual or deemed receipt of any payments under
this Agreement).</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.13.&nbsp; <i>&nbsp;</i>&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Officer</u>&quot;</b> means an individual who is or was
an officer of the Corporation and/or any Subsidiary.&nbsp; &quot;Officer&quot;
includes, unless the context requires otherwise, the estate or personal
representative of an officer.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.14.<i> </i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Official Capacity</u>&quot;</b> means the position in
the Corporation and/or any Subsidiary held by Indemnitee.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Other Enterprise</u>&quot;</b> means any corporation
(other than the Corporation or any Subsidiary), partnership, limited liability
company, joint venture, association, employee benefit plan, trust or other
enterprise or organization to which Indemnitee renders service at the request
of the Corporation or any Subsidiary.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Person</u>&quot;</b> means any individual, corporation,
limited liability company, partnership, joint venture, association, joint-stock
corporation, trust, unincorporated organization or government (or any subdivision,
department, commission or agency thereof).</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Special Legal Counsel</u>&quot;</b> means a law firm or
an attorney that (a) neither is nor in the past five years has been retained to
represent in any material matter the Corporation, any Subsidiary, any Other
Enterprise, Indemnitee or any other party to the Claim, (b) under applicable
standards of professional conduct then prevailing would not have a conflict of
interest in representing either the Corporation or Indemnitee in an action to
determine Indemnitee's rights to indemnification under this Agreement and (c)
is reasonably acceptable to the Corporation and Indemnitee.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Subsidiary</u>&quot;</b> of a Person means (i) any
corporation more than fifty percent (50%) of the outstanding securities having
ordinary voting power of which shall at the time be owned or controlled,
directly or indirectly, by such Person or by one or more of its Subsidiaries or
by such Person and one or more of its Subsidiaries, or (ii) any partnership,
limited liability company, association, joint venture or similar business
organization more than fifty percent (50%) of the ownership interests having
ordinary voting power of which shall at the time be so owned or controlled.&nbsp;
Unless otherwise expressly provided, all references herein to a &quot;Subsidiary&quot;
shall mean a Subsidiary of the Corporation.</p>

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<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Trust</u>&quot;</b> shall have the meaning set forth in
Section 10 hereof.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>2.20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b>&quot;<u>Voting Securities</u>&quot;</b> means any securities of
the Corporation that vote generally in the election of Directors.</p>

<p style='text-align:justify' class="MsoBodyTextFirstIndent"><b>Section
3.&nbsp;&nbsp; </b><i><b>Indemnification</b></i></p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>General Indemnity Obligation.</u></b></p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>3.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>Subject to the remaining provisions of this Agreement, the
Corporation hereby indemnifies and holds Indemnitee harmless for all Losses and
Expenses, until no Claims relating to any Covered Event may be asserted against
Indemnitee and until any Claims commenced prior thereto are finally terminated
and resolved, regardless of whether Indemnitee continues to serve as an
Officer.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>3.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>The obligations of the Corporation under this Agreement shall apply
to the fullest extent authorized or permitted by the provisions of applicable
law, as presently in effect or as changed after the date of this Agreement,
whether by statute or judicial decision.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>3.1.3.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Corporation for a portion of the Losses and/or Expenses
paid with respect to a Claim but not, however, for the total amount thereof,
the Corporation shall nevertheless indemnify and hold Indemnitee harmless
against the portion thereof to which Indemnitee is entitled.&nbsp; The Reviewing Party
(as such term is defined in Section 7.2.2 hereof) shall determine the portion
(if less than all) of such Losses and/or Expenses for which Indemnitee is
entitled to indemnification under this Agreement.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>3.1.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>Notwithstanding any other provision of this Agreement, to the extent
that Indemnitee has been wholly successful on the merits or otherwise in
defense of any or all Claims relating to (or arising in whole or in part out
of) a Covered Event or in defense of any issue or matter therein, including
dismissal without prejudice, the Corporation shall indemnify and hold
Indemnitee harmless against all Expenses incurred in connection therewith.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Indemnification for Serving as Witness<i>.</i></u></b>&nbsp;
Subject to the exclusions set forth in Section 4 hereof, the Corporation hereby
indemnifies and holds Indemnitee harmless for all Losses and Expenses in
connection with the preparation to serve or service as a witness for any Claim
in which Indemnitee is not a party, if such actual or proposed service as a
witness arose by reason of Indemnitee having served as an Officer.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>3.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Events Covered.</u></b>&nbsp; Indemnification under Section 3.1
and/or 3.2 of this Agreement shall be available to Indemnitee regardless of
whether the Covered Event that gives rise to the Claim for which Indemnitee
seeks indemnification arose prior to, on or after the date of this Agreement.</p>

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<p style='text-align:justify' class="MsoBodyTextFirstIndent"><b>Section
4.</b>&nbsp;&nbsp;&nbsp; <b><i>Limitations on Indemnification</i></b></p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b><a name="OLE_LINK2"></a></b><a
name="OLE_LINK1"><b>4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b><b><u>Coverage Limitations.</u></b>&nbsp; No indemnification is available
pursuant to the provisions of this Agreement:</a></p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>4.1.1.&nbsp;&nbsp;</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If such indemnification is prohibited by applicable law;</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>4.1.2.&nbsp;&nbsp;</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In respect of any Claim initiated by Indemnitee against the
Corporation, any Subsidiary or any Director or Officer of the Corporation or
any Subsidiary, unless (i) the Corporation has joined in or consented to the
initiation of such Claim or (ii) the Claim is one to enforce indemnification
rights under Section 7.2.5 hereof;</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>4.1.3.&nbsp;&nbsp;</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In respect of any Losses, Expenses or payment of profits arising
from the purchase and sale by Indemnitee of securities in accordance with the
provisions of Section 16(b) of the Exchange Act or any similar provisions of
any federal, state or local statutory law;</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>4.1.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>In respect of any fine or penalty arising out of a violation of
Section 16(a) of the Exchange Act or similar provisions of any federal, state
or local statutory law;</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>4.1.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>In respect of any civil penalty arising out of a violation of the
federal securities laws under Section 21A of the Exchange Act or similar
provisions of any federal, state or local statutory law;</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>4.1.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>In connection with a Claim by or in the right of the Corporation or
any Subsidiary, except for reasonable Expenses incurred in connection with such
Claim if it is determined<b> </b>that Indemnitee has conducted himself in good
faith and (a) that he reasonably believed (1) in the case of conduct in his
Official Capacity with the Corporation or any Subsidiary, that his conduct was
in the Corporation's or such Subsidiary's best interests; and (2) in all other
cases, that his conduct was at least not opposed to the Corporation's or such
Subsidiary's best interests; and (3) in the case of any criminal proceeding,
that he had no reasonable cause to believe his conduct was unlawful; or (b)
that the Claim involved conduct for which indemnification has been made
permissible or obligatory under a provision of the applicable Charter;</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>4.1.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>In connection with any Claim with respect to conduct for which
Indemnitee was adjudged liable on the basis that he received a financial
benefit to which Indemnitee was not entitled, whether or not involving action
in his Official Capacity;</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>4.1.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>If a final decision by a court having jurisdiction in the matter
determines that such indemnification is unlawful;</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>4.1.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>If Indemnitee's conduct giving rise to the Claim with respect to
which indemnification is requested&nbsp; is finally adjudged to have been known by
Indemnitee to be fraudulent, deliberately dishonest or willful misconduct; and</p>

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<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>4.1.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>In connection with a loss arising out of Indemnitee's conduct that
constitutes an intentional infliction of harm on the Corporation, the
shareholders or any Subsidiary, or an intentional violation of criminal law.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>4.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>No Duplication of Payments.</u><i>&nbsp; </i></b>The Corporation
shall not be liable under this Agreement to make any payment otherwise due and
payable to the extent Indemnitee has otherwise actually received payment
(whether under the Charter or the bylaws of the Corporation or of any
Subsidiary, the D &amp; O Insurance or otherwise) of any amounts otherwise due
and payable under this Agreement, except to the extent the aggregate of Losses
and Expenses to be indemnified exceeds the Losses and Expenses for which
Indemnitee has been indemnified.</p>

<p style='text-align:justify' class="MsoBodyTextFirstIndent"><b>Section
5.&nbsp;&nbsp;&nbsp; <i>D &amp; O Insurance</i></b></p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>5.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Current Policies.</u></b>&nbsp; The Corporation presently has in
force and effect policies of D &amp; O Insurance with such insurance companies,
and having the policy numbers, amounts and deductibles as follows:</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=180 valign=top style='width:135.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p class=MsoBodyTextFirstIndent align=center style='margin-bottom:0in;
  margin-bottom:.0001pt;text-align:center;text-indent:0in;page-break-after:
  avoid;border:none;padding:0in'>Insurer</p>
  </div>
  </td>
  <td width=156 valign=top style='width:117.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p class=MsoBodyTextFirstIndent align=center style='margin-bottom:0in;
  margin-bottom:.0001pt;text-align:center;text-indent:0in;page-break-after:
  avoid;border:none;padding:0in'>Policy No.</p>
  </div>
  </td>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p class=MsoBodyTextFirstIndent align=center style='margin-bottom:0in;
  margin-bottom:.0001pt;text-align:center;text-indent:0in;page-break-after:
  avoid;border:none;padding:0in'>Amount</p>
  </div>
  </td>
  <td width=110 valign=top style='width:1.15in;padding:0in 5.4pt 0in 5.4pt'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p class=MsoBodyTextFirstIndent align=center style='margin-bottom:0in;
  margin-bottom:.0001pt;text-align:center;text-indent:0in;page-break-after:
  avoid;border:none;padding:0in'>Deductible</p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=180 valign=top style='width:135.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoBodyTextFirstIndent style='margin-bottom:0in;margin-bottom:.0001pt;
  text-indent:0in;page-break-after:avoid'>AEGIS</p>
  </td>
  <td width=156 valign=top style='width:117.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoBodyTextFirstIndent style='margin-bottom:0in;margin-bottom:.0001pt;
  text-indent:0in;page-break-after:avoid'>DO167A1A04</p>
  </td>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoBodyTextFirstIndent style='margin-bottom:0in;margin-bottom:.0001pt;
  text-indent:0in;page-break-after:avoid'>$35,000,000</p>
  </td>
  <td width=110 valign=top style='width:1.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoBodyTextFirstIndent align=center style='margin-bottom:0in;
  margin-bottom:.0001pt;text-align:center;text-indent:0in;page-break-after:
  avoid'>None</p>
  </td>
 </tr>
 <tr>
  <td width=180 valign=top style='width:135.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoBodyTextFirstIndent style='margin-bottom:0in;margin-bottom:.0001pt;
  text-indent:0in;page-break-after:avoid'>EIM</p>
  </td>
  <td width=156 valign=top style='width:117.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoBodyTextFirstIndent style='margin-bottom:0in;margin-bottom:.0001pt;
  text-indent:0in;page-break-after:avoid'>90083804DO</p>
  </td>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoBodyTextFirstIndent style='margin-bottom:0in;margin-bottom:.0001pt;
  text-indent:0in;page-break-after:avoid'>$50,000,000</p>
  </td>
  <td width=110 valign=top style='width:1.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoBodyTextFirstIndent align=center style='margin-bottom:0in;
  margin-bottom:.0001pt;text-align:center;text-indent:0in;page-break-after:
  avoid'>None</p>
  </td>
 </tr>
</table>



<p class=MsoBodyTextFirstIndent style='text-align:justify; text-indent:1.0in'>
<i>Copies</i> of such
policies are available for inspection by Indemnitee at the Corporation's
principal executive offices.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>5.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Continued Coverage.</u></b>&nbsp; The Corporation hereby covenants
and agrees that, subject only to the provisions of Section 5.3 hereof, the
Corporation shall maintain the D &amp; O Insurance providing, in all respects,
coverage at least comparable and in the same amount as the D &amp; O Insurance
specified in Section 5.1 hereof, for so long as Indemnitee shall continue to
serve as an Officer, and thereafter so long as Indemnitee shall be subject to
any possible Claim relating to a Covered Event.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>5.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Limitations on D &amp; O Insurance.</u>&nbsp; </b>The Corporation
shall have no obligation to maintain D &amp; O Insurance if the Board
determines in good faith, as a matter of reasonable business judgment,<b> </b>that
such insurance is not reasonably available, the premium cost for such insurance
is substantially disproportionate to the amount of coverage provided, or the
coverage provided by such insurance is so limited by exclusions as to provide
an insufficient benefit.&nbsp; The Corporation shall promptly inform Indemnitee in
writing of such determination.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>5.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Indemnification.</u></b>&nbsp; The Corporation's indemnification
obligation to Indemnitee under this Agreement shall not be affected by any
reduction in, or cancellation of, the D&amp;O Insurance (whether voluntary or
involuntary on behalf of the Corporation).</p>

<p style='text-align:justify' class="MsoBodyTextFirstIndent"><b>Section
6.&nbsp;&nbsp;&nbsp; <i>Notifications and Defense of Claims</i></b></p>

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<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>6.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Notice by Indemnitee.</u></b>&nbsp; Indemnitee shall give notice in
writing to the Corporation as soon as practicable after Indemnitee becomes
aware of any Claim with respect to which indemnification will or could be
sought under this Agreement; provided that the failure of Indemnitee to give
such notice shall not relieve the Corporation of any obligations it may have to
Indemnitee otherwise than under this Agreement.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>6.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Defense.</u></b></p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>6.2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>In the event any Claim relating to Covered Events is by or in the
right of the Corporation or any Subsidiary, Indemnitee may, at the option of
Indemnitee, either control the defense thereof or accept the defense provided
under the D &amp; O Insurance; provided, however, that Indemnitee may not
control the defense if such decision would affect the coverage provided by the
D &amp; O Insurance, if any, to Indemnitee, the Corporation, any Subsidiary or
the other Directors and Officers covered thereby.&nbsp; The Corporation shall not be
entitled to assume the defense of any Claim relating to Covered Events brought
by or in the right of the Corporation or any Subsidiary.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>6.2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>In the event any Claim relating to Covered Events is other than by
or in the right of the Corporation or any Subsidiary, the Corporation shall be
entitled to participate therein at its own expense.&nbsp; Except as otherwise
provided below, at the option of the Corporation, the Corporation, alone or
jointly with any other notified indemnifying party, shall be entitled to assume
the defense of any such<b> </b>Claim relating to Covered Events of which
Indemnitee notifies the Corporation, with counsel reasonably satisfactory to
Indemnitee.&nbsp; After notice from the Corporation to Indemnitee of the
Corporation's decision to assume the defense of the Claim, the Corporation
shall not be liable to Indemnitee under this Agreement for any Expenses
subsequently incurred by Indemnitee in connection with the defense of the Claim
other than reasonable costs of investigation or as otherwise provided below.&nbsp;
Indemnitee shall have the right to employ counsel in such Claim but the
Expenses in connection with employment of such counsel shall be borne by
Indemnitee unless (i) the employment of such counsel by Indemnitee has been
authorized by the Corporation, (ii) Indemnitee shall have reasonably concluded
that there may be a conflict of interest between the Corporation and Indemnitee
in the conduct of the defense of such Claim, or (iii) the Corporation shall not
within sixty (60) days in fact have employed counsel to assume the defense of
such Claim, in each of which cases the Expenses in connection with employment
of Indemnitee's counsel shall be borne by the Corporation.&nbsp; The Corporation
shall not be entitled to assume the defense of any Claim relating to Covered
Events as to which Indemnitee shall have reasonably concluded that there may be
a conflict of interest between the Corporation and Indemnitee in the course of
defense of such Claim.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>6.2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>The Corporation shall have no obligation under this Agreement with respect
to any amounts paid, or to be paid, in settlement of any Claim relating
to any Covered Event without the express prior written consent of the
Corporation to any related settlement.&nbsp; In no event shall the Corporation
authorize any settlement imposing any liability or other obligations on Indemnitee without the express prior written consent of Indemnitee.&nbsp; Neither
the Corporation nor Indemnitee shall unreasonably withhold consent to any
proposed settlement.</p>

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<p style='text-align:justify' class="MsoBodyTextFirstIndent"><b>Section
7.&nbsp;&nbsp;&nbsp; <i>Advancements; Determinations; and Payments</i></b></p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>7.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Advancement of Expenses.</u></b></p>

<p style='text-align:justify;text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>7.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>To obtain advancement of Expenses under this Agreement, Indemnitee
shall submit to the Corporation a written request for such advancement,
together with such documentation and information as is reasonably available to
Indemnitee and is reasonably necessary to determine whether and to what extent
Indemnitee is entitled to such advancement.&nbsp; Indemnitee must also furnish to
the Corporation a written affirmation of his good faith belief that (a) he has
conducted himself in good faith and (1) that he reasonably believed (A) in the
case of conduct in his Official Capacity with the Corporation or any Subsidiary,
that his conduct was in the Corporation's or such Subsidiary's best interests;
and (B) in all other cases, that his conduct was at least not opposed to the
Corporation's or such Subsidiary's best interests; and (C) in the case of any
criminal proceeding, that he had no reasonable cause to believe his conduct was
unlawful, or (2) that the Claim involved conduct for which indemnification has
been made permissible or obligatory under a provision of the applicable
Charter, or that (b) the Claim involves conduct for which liability has been
eliminated under a provision of the applicable Charter, as authorized by
applicable law.&nbsp; In addition, Indemnitee must furnish to the Corporation a
written undertaking to repay the advance if it is ultimately determined that he
is not entitled to indemnification.&nbsp; Advances shall be made without regard to
Indemnitee's ability to repay the advance and without regard to Indemnitee's
ultimate entitlement to indemnification under the provisions of this
Agreement.&nbsp; Indemnitee's obligation to repay the Corporation for advances shall
be unsecured and no interest shall be charged thereon.&nbsp; Advances shall include
any and all reasonable Expenses incurred by Indemnitee in pursuing an action to
enforce this right of advancement.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>7.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>If requested by Indemnitee, in accordance with Section 7.1.1 hereof,
the Corporation shall advance to Indemnitee, no later than thirty (30) days
following any such request, any and all Expenses for which advancement has been
requested in accordance with Section 7.1.1 hereof.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>7.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Determination of Indemnification; Appeal.</u></b></p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>7.2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>To obtain indemnification under this Agreement, Indemnitee shall
submit to the Corporation a written request, together with such documentation
and information as is reasonably available to Indemnitee and is reasonably
necessary to determine whether and to what extent Indemnitee is entitled to
indemnification.</p>

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<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>7.2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>Prior to any Change in Control, the Person or Persons who shall
determine whether and to what extent Indemnitee is entitled to indemnification
(the &quot;Reviewing Party&quot;) shall be (i) if there are two (2) or more
Disinterested Directors, the Board acting by a majority vote of all the
Disinterested Directors, a majority of whom shall for such purposes constitute
a quorum, or by a majority of the members of a committee of two (2) or more
Disinterested Directors appointed by such a vote; (ii) Special Legal Counsel
selected: (A) if there are fewer than two (2) Disinterested Directors, by the
Board, in which selection Directors who do not qualify as Disinterested
Directors may participate; or (B) by a majority vote of Disinterested
Directors, a majority of whom shall for such purposes constitute a quorum; or
(iii) the shareholders of the Corporation (if submitted by the Board) but
shares of stock owned by or voted under the control of any Indemnitee who is at
the time party to the Claim may not be voted.&nbsp; The Corporation shall notify
Indemnitee in writing of such determination no later than two (2) business days
thereafter.&nbsp; </p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>7.2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>After a Change in Control, the Reviewing Party shall be Special
Legal Counsel selected in the manner set forth in clause (ii) of the first
sentence in Section 7.2.2 hereof and approved by Indemnitee (which approval
shall not be unreasonably withheld).&nbsp; With respect to all matters arising after
a Change in Control concerning the rights of Indemnitee to indemnification
under this Agreement (including the determinations required in the context of
Section 10 of this Agreement) or any other agreement or under applicable law,
the Charter or the by-laws of the Corporation or any applicable Subsidiary now
or hereafter in effect relating to indemnification for Claims arising out of
Covered Events, the Corporation shall seek legal advice only from such Special
Legal Counsel.&nbsp; Such Special Legal Counsel, among other things, shall render
its written opinion to the Corporation and Indemnitee as to whether and to what
extent Indemnitee should be permitted to be indemnified under applicable law.&nbsp;
The Corporation agrees to pay the reasonable fees of such Special Legal Counsel
and indemnify fully such Special Legal Counsel against any and all expenses
(including attorneys' fees), claims, liabilities, loss, and damages arising out
of or relating to this Agreement or the engagement of such Special Legal
Counsel pursuant hereto.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>7.2.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>If a determination is made, in accordance with Section 7.2.2 or
7.2.3 hereof, that Indemnitee is entitled to all or a portion of the requested
indemnification, payment to Indemnitee shall be made within thirty (30) days
after such determination.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>7.2.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>If (i) no determination of entitlement to indemnification shall have
been made within thirty (30) days after Indemnitee has made a request in
accordance with Section 7.2.1 hereof, (ii) payment of indemnification pursuant
to Section 7.2.4 hereof is not made within thirty (30) days after a
determination has been made that Indemnitee is entitled to indemnification,
(iii) it is determined pursuant to Section 7.2.2 or 7.2.3 hereof that
Indemnitee is not entitled to indemnification under this Agreement or is only
entitled to a portion of such indemnification, or (iv) Indemnitee has not
received advancement of Expenses within thirty (30) days after making such a
request in accordance with Section 7.1 hereof, Indemnitee shall have the right
to enforce the indemnification rights under this Agreement by commencing
litigation in any court of competent jurisdiction in the State of Idaho seeking
an initial determination by the court or challenging any determination made in
accordance with Section 7.2.2 or 7.2.3 hereof or any aspect thereof.&nbsp; Any
determination made in accordance with Section 7.2.2 or 7.2.3 hereof not
challenged by Indemnitee on or before the first anniversary of the date of the
determination shall be binding on the Corporation and Indemnitee.&nbsp; The remedy
provided for in this Section 7.2.5 shall be in addition to any other remedies
available to Indemnitee in law or equity.</p>

<p style='text-align:justify' class="MsoBodyTextFirstIndent"><b>Section
8.&nbsp;&nbsp;&nbsp; <i>Indemnification for Expenses Incurred in Enforcing Rights</i></b></p>

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<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>8.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>The Corporation shall indemnify Indemnitee against any and all
Expenses and, if requested by Indemnitee, shall advance such Expenses to
Indemnitee, that are incurred by Indemnitee in connection with any Claim
asserted against or action brought by Indemnitee for (i) enforcement of this
Agreement, (ii) indemnification of Expenses or Expense advances by the
Corporation under this Agreement or any other agreement or under applicable
law, the Charter or the bylaws of the Corporation or any applicable Subsidiary
now or hereafter in effect relating to indemnification for Claims arising out
of Covered Events, and/or (iii) recovery under the D &amp; O Insurance.&nbsp; The
advancement of Expenses under this Section 8.1 shall be governed by Section 7.1
hereof.</p>

<p style='text-align:justify' class="MsoBodyTextFirstIndent"><b>Section
9.&nbsp;&nbsp; <i>&nbsp;Burden of Proof and Presumptions</i></b></p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>9.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Burden of Proof.</u></b>&nbsp; To the maximum extent permitted by
applicable law in making a determination with respect to entitlement to
indemnification or advancement of Expenses hereunder, it shall be presumed that
Indemnitee is entitled to indemnification or advancement of Expenses under this
Agreement if Indemnitee has submitted a request for indemnification or a
request for advancement of Expenses in accordance with Section 7.2.1 or 8.1
hereof, and the Corporation shall have the burden of proof to overcome that
presumption in connection with the making of any determination in accordance
with Section 7.1.1, 7.2.2, 7.2.3 or 8.1 of this Agreement contrary to that
presumption.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>9.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Plea of Nolo Contendere.</u></b>&nbsp; The termination of any Claim
by judgment, order, settlement (whether with or without court approval) or
conviction, or upon a plea of <u>nolo</u> <u>contendere</u> or its equivalent,
shall not affect adversely either the right of Indemnitee to indemnification
under this Agreement or the presumptions to which Indemnitee is otherwise
entitled pursuant to the provisions of this Agreement nor create a presumption
that Indemnitee did not meet any particular standard of conduct or have a
particular belief or that a court has determined that indemnification is not
permitted by applicable law.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>9.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Employee Plans.</u> </b>&nbsp;If Indemnitee is serving an employee
benefit plan at the request of the Corporation or a Subsidiary, Indemnitee's
conduct with respect to the plan for a purpose he reasonably believed to be in
the best interests of the participants in, and the beneficiaries of, the plan
shall be deemed to be not opposed to the best interests of the Corporation or
the Subsidiary.</p>

<p style='text-align:justify' class="MsoBodyTextFirstIndent"><b>Section
10.&nbsp;&nbsp; <i>&nbsp;Establishment of Trust</i></b></p>

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<p class=MsoBodyTextFirstIndent style='text-align:justify; text-indent:1.0in'>In the event of a
Change in Control, the Corporation shall, upon written request by Indemnitee,
create a trust (the &quot;Trust&quot;) for the benefit of Indemnitee and from time
to time upon written request of Indemnitee shall fund the Trust in an amount
sufficient to satisfy any and all Expenses reasonably anticipated at the time
of each such request to be incurred in connection with investigating, preparing
for, participating in, and/or defending any Claim relating to a Covered Event.&nbsp;
The amount or amounts to be deposited in the Trust pursuant to the foregoing
funding obligation shall be determined by the Reviewing Party.&nbsp; The terms of
the Trust shall provide that (i) the Trust shall not be revoked or the
principal thereof invaded, without the written consent of the Indemnitee, (ii)
the trustee shall advance, within thirty (30) days of a request by Indemnitee,
any and all Expenses to Indemnitee (and Indemnitee hereby agrees to repay the
Trust under the same circumstances for which Indemnitee would be required to
repay the Corporation under Section 7.1.1 hereof), (iii) the Trust shall
continue to be funded by the Corporation in accordance with the funding
obligation set forth above, (iv) the trustee shall promptly pay to Indemnitee
all amounts for which Indemnitee shall be entitled to indemnification pursuant
to this Agreement, and (v) all unexpended funds in the Trust shall revert to
the Corporation upon a final determination by the Reviewing Party or a court of
competent jurisdiction, as the case may be, that Indemnitee has been fully
indemnified under the terms of this Agreement.&nbsp; The trustee shall be a bank or
trust company chosen by the Corporation and reasonably satisfactory to
Indemnitee.&nbsp; Nothing in this Section 10 shall relieve the Corporation of any of
its obligations under this Agreement.&nbsp; All income earned on the assets in the
Trust shall be reported as income by the Corporation for federal, state, local,
and foreign tax purposes.&nbsp; The Corporation shall pay all costs of establishing
and maintaining the Trust and shall indemnify the trustee against any and all
expenses (including attorneys' fees), claims, liabilities, loss, and damages
arising out of or relating to this Agreement or the establishment and
maintenance of the Trust.&nbsp; If a Trust is created pursuant to this Section 10
and, thereafter, pursuant to the last paragraph of Section 2.4 hereof, the
Change in Control is deemed not to have occurred, as soon as practicable after
the Change in Control is deemed not to have occurred the Trust shall be revoked
and any Trust funds shall revert to the Corporation (this Agreement
constituting the Indemnitee's written consent to such revocation and
reversion).&nbsp; Indemnitee agrees to cooperate and to take any actions as may
reasonably be requested by the Corporation or the trustee of the Trust in
connection with the revocation of the Trust and/or reversion of Trust funds
pursuant to the preceding sentence.</p>

<p style='text-align:justify' class="MsoBodyTextFirstIndent"><b>Section
11.&nbsp;&nbsp;&nbsp; <i>Subrogation</i></b></p>

<p class=MsoBodyTextFirstIndent style='text-align:justify; text-indent:1.0in'>
<i>In</i> the event of any
payment under this Agreement to or on behalf of Indemnitee, the Corporation
shall be subrogated to the extent of such payment to all of the rights of
recovery in Indemnitee against any Person other than the Corporation or
Indemnitee in respect of the Claim giving rise to such payment.&nbsp; Indemnitee
shall execute all papers reasonably required and shall do everything reasonably
necessary to secure such rights, including the execution of such documents
reasonably necessary to enable the Corporation effectively to bring suit to
enforce such rights.</p>

<p style='text-align:justify' class="MsoBodyTextFirstIndent"><b>Section
12.&nbsp;&nbsp;&nbsp; <i>Miscellaneous Provisions</i></b></p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>12.1.&nbsp;</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u><b>Successors and Assigns</b></u>.&nbsp; This Agreement shall be
binding upon and inure to the benefit of (a) the Corporation, its successors
and assigns (including any direct or indirect successor by merger,
consolidation, share exchange or operation of law or by transfer of all or
substantially all of its assets) and (b) Indemnitee and the heirs, personal and
legal representatives, executors, administrators or assigns of Indemnitee.</p>

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<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>12.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Severability.</u></b>&nbsp; The provisions of this Agreement are
severable.&nbsp; If any provision of this Agreement shall be held by any court of
competent jurisdiction to be invalid, void or unenforceable, such provision
shall be deemed to be modified to the minimum extent necessary to avoid a
violation of law and, as so modified, such provision and the remaining
provisions shall remain valid and enforceable in accordance with their terms to
the fullest extent permitted by law.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>12.3.&nbsp;&nbsp;</b><i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </i><u><b>Rights Not Exclusive; Continuation of Right of Indemnification.</b></u><i> &nbsp;</i>Nothing in this Agreement shall be deemed to diminish or otherwise
restrict Indemnitee's right to indemnification pursuant to any provision of the
Charter or bylaws of the Corporation or any Subsidiary, any agreement, vote of
shareholders or Disinterested Directors, applicable law or otherwise<b>[ADD THE
FOLLOWING IF THIS AGREEMENT REPLACES AN EXISTING AGREEMENT--</b>; provided,
however, that this Agreement shall supersede the Prior Agreement in its
entirety and as of the date of this Agreement Indemnitee shall have no further
rights under the Prior Agreement<b>]</b>.&nbsp; This Agreement shall be effective as
of the date first above written and continue in effect until no Claims relating
to any Covered Event may be asserted against Indemnitee and until any Claims
commenced prior thereto are finally terminated and resolved, regardless of
whether Indemnitee continues to serve as an Officer.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>12.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Subsequent Amendments.</u></b>&nbsp; No amendment, termination or
repeal of any provision of the Charter or bylaws of the Corporation or any
Subsidiary, or any respective successors thereto, shall affect or diminish in
any way the rights of Indemnitee to indemnification, or the obligations of the
Corporation, arising under this Agreement, whether the alleged actions or
conduct of Indemnitee giving rise to the necessity of such indemnification
arose before or after any such amendment, termination or repeal.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>12.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Notices.</u></b>&nbsp; Notices required under this Agreement shall
be given in writing and shall be deemed given when delivered in person or sent
by certified or registered mail, return receipt requested, postage prepaid.&nbsp;
Notices shall be directed to the Corporation at its principal executive offices
currently located at 1221 West Idaho Street, Boise, Idaho 83702, Attention:
Corporate Secretary, and to Indemnitee at its address set forth below (or such
other address as either party may designate in writing to the other party).</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>12.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Governing Law.</u></b>&nbsp; This Agreement shall be governed by
and construed and enforced in accordance with the laws of the State of Idaho
applicable to contracts made and performed in such state without giving effect
to the principles of conflict of laws.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>12.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Headings.</u></b>&nbsp; The headings of the Sections of this
Agreement are inserted for convenience only and shall not be deemed to
constitute part of this Agreement or to affect the construction thereof.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>12.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Counterparts.</u></b>&nbsp; This Agreement may be executed in any
number of counterparts all of which taken together shall constitute one
instrument.</p>

<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>12.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b><b><u>Modifications and Waivers.</u></b>&nbsp; No supplement,
modification or amendment of this Agreement shall be binding unless executed in
writing by both of the parties hereto.&nbsp; No waiver of any of the provisions of
this Agreement shall constitute, or be deemed to constitute, a waiver of any
other provisions hereof (whether or not similar) nor shall any such waiver
constitute a continuing waiver.</p>

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<p style='text-align:justify; text-indent:1.0in' class="MsoBodyTextFirstIndent">
<b>12.10.&nbsp;&nbsp;&nbsp; </b><b><u>Period of Limitations.</u></b>&nbsp; No legal action shall be
brought and no cause of action shall be asserted by or on behalf of the
Corporation or any Affiliate of the Corporation against Indemnitee,
Indemnitee's spouse, heirs, executors, or personal or legal representatives
after the expiration of two years from the date of accrual of such cause of
action.&nbsp; Any claim or cause of action of the Corporation or any Affiliate shall
be extinguished and deemed released unless asserted by the timely filing of a
legal action within such period; <u>provided</u>, <u>however</u>, that if any
shorter period of limitations is otherwise applicable to any such cause of
action, such shorter period shall govern.</p>

<p class=MsoBodyTextFirstIndent style='text-align:justify;page-break-after:
avoid'>The parties hereto have caused this Agreement to be duly executed as of
the day and year first above written.</p>

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  <p class=MsoNormal style='page-break-after:avoid'>Attest:</p>
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  <p class=MsoNormal style='page-break-after:avoid'><i>IDACORP, Inc.</i></p>
  <p class=MsoNormal style='page-break-after:avoid'><i>&nbsp;</i></p>


  <p class=MsoNormal style='page-break-after:avoid'>By:
  __________________________________</p>
  <p class=MsoNormal style='margin-right:-4.5pt;page-break-after:avoid'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name:&nbsp; J.
  LaMont Keen</p>
  <p class=MsoNormal style='margin-right:-4.5pt;page-break-after:avoid'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title:&nbsp;&nbsp;&nbsp;&nbsp; President
  &amp; Chief Executive Officer</p>
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  <p class=MsoNormal style='page-break-after:avoid'>____________________________________<br>
  Secretary: Thomas R. Saldin</p>
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  <p class=MsoNormal style='page-break-after:avoid'><i>&nbsp;</i></p>
  <p class=MsoNormal style='page-break-after:avoid'><i>Officer</i></p>


  <p class=MsoNormal style='page-break-after:avoid'>_____________________________________</p>
  <p class=MsoNormal style='page-break-after:avoid'>Name:&nbsp; </p>

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