Common use of Director and Officers Liability Insurance Clause in Contracts

Director and Officers Liability Insurance. During the Term, unless the Executive otherwise consents, the Company will maintain directors’ and officers’ liability insurance in an amount not less than $5,000,000, and Executive shall at all times be one of the named insured under such coverage.

Appears in 6 contracts

Samples: Employment Agreement (Dais Analytic Corp), Employment Agreement (Dais Analytic Corp), Employment Agreement (Dais Analytic Corp)

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Director and Officers Liability Insurance. During the Term, unless the Executive otherwise consents, the Company will maintain directors’ and officers’ liability insurance in an amount not less than $5,000,0003,000,000, and Executive shall at all times be one of the named insured under such coverage.

Appears in 1 contract

Samples: Employment Agreement (Dais Analytic Corp)

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