D&O Insurance Contract Clauses (55)

D&O Insurance. At the request of the Executive, the Company obtain and continue for as long as Executive is employed by the Company, Directors and Officers insurance coverage ("D & O Insurance"), at levels no less than $5,000,000 with an insurance company rated "A" or higher. In the event that Company elects to change coverage or carriers for its D & O Insurance, Company shall notify Executive of such change and purchase, at a minimum, a three-year tail policy for such former insurance policy at the sole expen...se of Company and deliver evidence of such tail policy to Executive within, five (5) days after termination of Company's existing D & O Insurance. Upon the termination of the Executive's employment the Company shall purchase, at a minimum, a three-year tail policy at the sole expense of Company and deliver evidence of such tail policy to Executive. View More

D&O Insurance. As a director, you will be covered under the Company's Director and Officer Insurance Policy. A copy of this policy will be provided to you once it is in place.

D&O Insurance. The Company shall use its best efforts to specifically include and cover, as a benefit for their protection, Danforth staff serving as directors or officers of the Company or affiliates from time to time with direct coverage as named insureds under the Company's policy for directors' and officers' ("D&O") insurance. The Company will maintain such D&O insurance coverage for the period through which claims can be made against such persons. The Company disclaims a right to distribution from the D&O... insurance coverage with respect to such persons. In the event that the Company is unable to include Danforth under the Company's policy or does not have first dollar coverage acceptable to Danforth in effect for at least $5 million (e.g., such policy is not reserved based on actions that have been or are expected to be filed against officers and directors alleging prior acts that may give rise to a claim), Danforth may, at its option, attempt to purchase a separate D&O policy that will cover the Danforth staff only. The cost of same shall be invoiced to the Company as an out -of -pocket cash expense. If Danforth is unable to purchase such D&O insurance, then Danforth reserves the right to terminate the Agreement upon delivery of written notice. View More

D&O Insurance. The Company shall cover Employee under directors and officers liability insurance from the Effective Date, through the Term, and, while potential liability exists, after the period of Employee's employment hereunder, on the most favorable terms as provided to any other director or executive officer of the Company.

D&O Insurance. The Corporation represents that it has directors and officers liability insurance ("D&O Insurance").