Common use of Corporate Offices Clause in Contracts

Corporate Offices. If elected, the Employee will serve, without additional compensation, as a director of the Company and/or as an officer and director (or in either capacity) of any subsidiary of the Company. The Company agrees during Employee's employment hereunder to: (i) maintain, if available at a cost acceptable to the Board of Directors in its discretion, director and officer liability insurance for the Employee in connection with his serving in all such capacities in an amount and on such terms as are currently in effect for officers and directors of the Company or, if reduced, as are reasonably satisfactory to the Employ- ee; and (ii) use its reasonable best efforts to maintain the director and officer exculpation and indemnification provisions currently provided in its Articles of Incorporation and By-laws and, if Louisiana law at any time permits more protection than currently provided, use its best efforts to add such additional protection.

Corporate Offices. If elected, the Employee will serve, without additional compensation, as a director of the Company and/or as an officer and director (or in either capacity) of any subsidiary of the Company. The Company agrees during Employee's employment hereunder to: (i) maintain, if available at a cost acceptable to the Board of Directors in its discretion, director and officer liability insurance for the Employee in connection with his serving in all such capacities in an amount and on such terms as are currently in effect for officers and directors of the Company or, if reduced, as are reasonably satisfactory to the Employ- eeEmployee; and (ii) use its reasonable best efforts to maintain the director and officer exculpation and indemnification provisions currently provided in its Articles of Incorporation and By-laws and, if Louisiana law at any time permits more protection than currently provided, use its best efforts to add such additional protection.