Tail Policy definition

Tail Policy has the meaning set forth in Section 6.18(b).

Tail Policy has the meaning set forth in Section 7.09.

Tail Policy has the meaning set forth in Section 4.13.

Examples of Tail Policy in a sentence

• Tail Policy Coverage The most common situation I encounter in negotiating employment agreements is whether the employer or the employee is responsible for purchasing the tail coverage for the professional liability coverage after termination of employment.

• During the term of the D&O Tail Policy, Parent shall not (and shall cause the Surviving Company not to) take any action following the Closing to cause the D&O Tail Policy to be canceled or any provision therein to be amended or waived; provided, that, except as set forth above, neither Parent, the Surviving Company nor any Affiliate thereof shall be obligated to pay any premiums or other amounts in respect of such D&O Tail Policy.

• The cost of the D&O Tail Policy shall be paid by the Company and such costs, to the extent not paid prior to the Closing, shall be included in the determination of Transaction Expenses.

• The Tail Policy shall be obtained from a commercial insurance carrier with an A.M. Best rating of not less than A-plus and shall remain in place for at least five years after Closing.

• Sellers shall provide Buyer with a certificate evidencing such coverage at the Closing (the "Tail Policy Certificate").

More Definitions of Tail Policy

Tail Policy has the meaning ascribed to such term in Section 5.9.

Tail Policy shall have the meaning set forth in Section 6.5(b) of this Agreement.

Tail Policy has the meaning set forth in ‎Section 3.5.

Tail Policy is defined in Section 6.11(b).

Tail Policy has the meaning set forth in Section 13.6 of the Agreement.

Tail Policy is defined in Section 9.6(b).

Tail Policy is defined in Section 2.06.