Common use of Director and Officer Liability Insurance Clause in Contracts

Director and Officer Liability Insurance. The Company shall maintain a customary director and officer liability insurance policy to insure the Director against any losses incurred in lawsuits or other legal proceedings brought against the Director in connection with the Director Services.

Appears in 12 contracts

Samples: Director Agreement (PS International Group Ltd.), Director Agreement (APRINOIA Therapeutics Inc.), Director Agreement (Genius Group LTD)

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Director and Officer Liability Insurance. The Company shall maintain a customary director and officer liability insurance policy to insure the Director against any losses incurred in lawsuits or other legal proceedings brought against the Director in connection with the Director Services. Such director and officer liability insurance policy shall provide such coverage as the Company, in its sole discretion, deems sufficient.

Appears in 1 contract

Samples: Director Agreement (MOL Global, Inc.)

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