Director and Officers Insurance. The Company maintains and will continue to maintain ............................. 25 Section 9.5 Accounting ............................................ 25 Section 9.6 Use of Proceeds ....................................... 25 Section 9.7 Future Assignments of Intellectual Property ........... 25 Article 10. Miscellaneous ..................................................... 25
Director and Officers Insurance. The Company maintains and ----------- ------------------------------- will continue to maintain directors and officers insurance in form and substance acceptable to the Purchasers.
Director and Officers Insurance. The Company shall use its best efforts to procure and keep in force, and shall pay for, Director and Officers Insurance in an amount and on terms acceptable to a majority of the Preferred Directors.
Director and Officers Insurance. Parent shall cause to be maintained in effect for not less than years after the Effective Time, policies of directors and officers’ liability insurance (of at least the same coverage and amounts and containing terms and conditions which are no less advantageous than the terms and conditions contained in similar policies maintained by Parent for Parent’s directors and officers) with respect to claims arising from facts or events which occurred at or before the Effective Time to the extent available.
Director and Officers Insurance. Within 90 days following the date hereof, the Company will obtain and maintain, with financially sound and reputable insurers (and shall pay all premiums and maintain in full force and effect), a Directors and Officers Indemnity Insurance (“D&O”) for acts and omissions of the members of the board of directors with a coverage amount as shall be determined by the board of directors. Such D&O shall remain in effect for as long as the members of the board of directors appointed by the Qualified Holders are in office.
Director and Officers Insurance. During the Employment Term, the Company shall obtain and maintain a Director and Officers insurance policy which covers Executive and provides for a level of insurance coverage and benefits that are customary and usual for a publicly-held company.
Director and Officers Insurance a) The Company shall provide Employee with one million dollars (US$1,000,000) D&O Insurance coverage or provide to Employee in a .lump sum payment the cash equivalent of the cost of said insurance.
Director and Officers Insurance. (a) For six years after the Effective Time, BUYER shall, or shall cause the Surviving Corporation to, indemnify and hold harmless each present and former officer and director of the Company in respect of acts and omissions occurring at or prior to the Effective Time to the fullest extent permitted by applicable law, PROVIDED that any such indemnification shall be subject to any limitation imposed from time to time under applicable law. In furtherance thereof, BUYER shall cause the Articles of Incorporation and By-laws of the Surviving Corporation to contain provisions indemnifying and exculpating officers and directors to the maximum extent permitted by law, which provisions shall not be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely effect the rights thereunder of any individuals who, immediately prior to the Effective Time, were officers, directors and/or employees of the Company.
Director and Officers Insurance. (a) For six years from and after the Effective Time, Parent shall cause the Surviving Company to indemnify and hold harmless all past and present officers and directors of the Company and its Subsidiaries, (each a “D&O Indemnified Person”) to the same extent such Persons are currently indemnified by the Company and its Subsidiaries pursuant to the Company’s Organizational Documents (including, without limitation, by advancing expenses to such D&O Indemnified Persons in the manner and subject to the conditions set forth in the Organizational Documents); provided, however, that in no event will the Surviving Company or any of its Affiliates (including Parent) indemnify or be obligated to indemnify any D&O Indemnified Person with respect to any Action brought or threatened by any Former Holder in such Person’s capacity as a Former Holder in connection with the execution of this Agreement or the consummation of the Merger, unless such Action arises out of or results from a matter that is also the subject of a breach of any representation or warranty set forth in Article III.
Director and Officers Insurance. Within thirty (30) days of -------------------------------------------- Closing, the Company shall obtain directors and officers insurance in form and substance acceptable to the Purchasers.
