Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains Additional Benefits Expenses Liability Insurance clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Additional Benefits Expenses Liability Insurance. (a) During the Employment Period, Executive will be eligible for additional benefits, by way of insurance, hospitalization and vacations normally provided to senior executives of the Company, pursuant to the terms of those plans, programs and policies of the Company in effect during Executive's employment with the Company, and such additional benefits, if any, as determined by the Board of Directors of the General Partner (the "Board"). (b) The Company will reimburse Executive for all ordinary a...nd necessary out-of-pocket expenses incurred and paid by Executive in the course of the performance of Executive's duties pursuant to this Agreement and consistent with the Company's policies in effect from time to time with respect to travel, entertainment and other business expenses, and subject to the Company's requirements with respect to the manner of approval and reporting of these expenses. 2 (c) So long as Executive is employed under this Agreement and thereafter so long as Executive is subject to any possible claim, the Company and the Partnership Entities will purchase and maintain in effect for the benefit of Executive one or more valid and enforceable policies of directors and officers liability insurance providing, in all respects, coverage at least as beneficial to Executive as that provided pursuant to the insurance policies in place on the date hereof. In addition, if Executive is made a party or threatened to be made a party to any action, suit, or proceeding, whether civil, criminal, administrative, or investigative (a "Proceeding"), other than any Proceeding initiated by Executive or the Company related to any contest or dispute between Executive and the Company, a Partnership Entity or an affiliate of the Company or a Partnership Entity with respect to this Agreement or Executive's employment hereunder, by reason of the fact that Executive is or was a director or officer of the Company, a Partnership Entity or an affiliate of the Company or a Partnership Entity, or is or was serving at the request of the Company as a director, officer, member, employee, or agent of another corporation or a partnership, joint venture, trust, or other enterprise, Executive shall be indemnified and held harmless by the Company and the Partnership Entities to the maximum extent permitted under applicable law and the Company's or such Partnership Entity's governing documents from and against any liabilities, costs, claims, and expenses, including all costs and expenses incurred in defense of any Proceeding (including attorneys' fees). Costs and expenses incurred by Executive in defense of such Proceeding (including attorneys' fees) shall be paid by the Company in advance of the final disposition of such litigation upon receipt by the Company of: (1) a written request for payment; (2) appropriate documentation evidencing the incurrence, amount, and nature of the costs and expenses for which payment is being sought; and (3) an undertaking adequate under applicable law made by or on behalf of Executive to repay the amounts so paid if it shall ultimately be determined that the Executive is not entitled to be indemnified by the Company and the Partnership Entities under this Agreement.View More
Additional Benefits Expenses Liability Insurance. (a) During the Employment Period, Executive Dehaemers will be eligible for additional benefits, by way of insurance, hospitalization and vacations normally provided to senior executives of the Company, pursuant to the terms of those plans, programs and policies of the Company in effect during Executive's his employment with the Company, and such additional benefits, if any, as determined by the Board. During the Board of Directors Service Period following the Employment Period, Dehaemers will co...ntinue to be eligible for medical, dental and hospitalization benefits normally provided to senior executives of the General Partner (the "Board"). Company, pursuant to the terms of those plans, programs and policies of the Company in effect during the period of such Board Service Period; provided, however, that if the applicable plans, programs or policies of the Company do not permit such eligibility, then the Company will provide Dehaemers with a comparable benefit during such Board Service Period. 2 (b) The Company will reimburse Executive Dehaemers for all ordinary and necessary out-of-pocket expenses incurred and paid by Executive Dehaemers in the course of the performance of Executive's Dehaemers duties pursuant to this Agreement and consistent with the Company's policies in effect from time to time with respect to travel, entertainment and other business expenses, and subject to the Company's requirements with respect to the manner of approval and reporting of these expenses. 2 (c) So long as Executive Dehaemers is employed under this Agreement Agreement, and thereafter so long as Executive Dehaemers is subject to any possible claim, the Company and the Partnership Entities will purchase and maintain in effect for the benefit of Executive Dehaemers one or more valid and enforceable policies of directors and officers liability insurance providing, in all respects, coverage at least as beneficial to Executive Dehaemers as that provided pursuant to the insurance policies in place on the date hereof. In addition, if Executive Dehaemers is made a party or threatened to be made a party to any action, suit, or proceeding, whether civil, criminal, administrative, or investigative (a "Proceeding"), other than any Proceeding initiated by Executive Dehaemers or the Company related to any contest or dispute between Executive Dehaemers and the Company, a Partnership Entity or an affiliate of the Company or a Partnership Entity with respect to this Agreement or Executive's Dehaemers's employment or service hereunder, by reason of the fact that Executive Dehaemers is or was a director or officer of the Company, a Partnership Entity or an affiliate of the Company or a Partnership Entity, or is or was serving at the request of the Company as a director, officer, member, employee, or agent of another corporation or a partnership, joint venture, trust, or other enterprise, Executive Dehaemers shall be indemnified and held harmless by the Company and the Partnership Entities to the maximum extent permitted under applicable law and the Company's or such Partnership Entity's governing documents from and against any liabilities, costs, claims, and expenses, including all costs and expenses incurred in defense of any Proceeding (including attorneys' fees). Costs and expenses incurred by Executive Dehaemers in defense of such Proceeding (including attorneys' fees) shall be paid by the Company in advance of the final disposition of such litigation upon receipt by the Company of: (1) a written request for payment; (2) appropriate documentation evidencing the incurrence, amount, and nature of the costs and expenses for which payment is being sought; and (3) an undertaking adequate under applicable law made by or on behalf of Executive Dehaemers to repay the amounts so paid if it shall ultimately be determined that the Executive Dehaemers is not entitled to be indemnified by the Company and the Partnership Entities under this Agreement. View More
