Continuation of D&O Insurance. For six years after the ----------------------------- Effective Time, Parent or the Surviving Corporation shall maintain officers' and directors' liability insurance covering the persons who are presently covered by the Company's officers' and directors' liability insurance policies (copies of which have heretofore been delivered to Parent) with respect to actions and omissions occurring prior to the Effective Time, on terms which are not less favorable than the terms of such current insurance in effect for the Company on the date hereof.
Appears in 1 contract
Continuation of D&O Insurance. For six years after the ----------------------------- Effective Time, Parent or the Surviving Corporation shall maintain officers' and directors' liability insurance covering the persons who are presently covered by the Company's officers' and directors' liability insurance policies (copies of which have heretofore been delivered to Parent) with respect to actions and omissions occurring prior to the Effective Time, on terms which are not materially less favorable favorable, in the aggregate, than the terms of such current insurance in effect for the Company on the date hereof.. (c)
Appears in 1 contract
Samples: Agreement and Plan of Merger (Telemundo Holding Inc)
Continuation of D&O Insurance. For six years after the ----------------------------- Effective Time, Parent or the Surviving Corporation shall maintain officers' and directors' liability insurance covering the persons who are presently covered by the Company's officers' and directors' liability insurance policies (copies of which have heretofore been delivered to Parent) with respect to actions and omissions occurring prior to the Effective Time, on terms which are not materially less favorable favorable, in the aggregate, than the terms of such current insurance in effect for the Company on the date hereof.
Appears in 1 contract
Continuation of D&O Insurance. For six years after the ----------------------------- ------------------------------- Effective Time, Parent or the Surviving Corporation shall maintain officers' and directors' liability insurance covering the persons who are presently covered by the Company's officers' and directors' liability insurance policies (copies of which have heretofore been delivered to Parent) with respect to actions and omissions occurring prior to the Effective Time, on terms which are not materially less favorable favorable, in the aggregate, than the terms of such current insurance in effect for the Company on the date hereof.
Appears in 1 contract
Continuation of D&O Insurance. For six years after the ----------------------------- Effective Time, Parent or the Surviving Corporation shall maintain officers' and directors' liability insurance covering the persons who are presently covered by the Company's officers' and directors' liability insurance policies (copies of which have heretofore been delivered to Parent) with respect to actions and omissions occurring prior to the Effective Time, on terms which are not materially less favorable favorable, in the aggregate, than the terms of such current insurance in effect for the Company on the date hereof.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Bastion Capital Fund Lp)