Common use of Director & Officer Insurance Clause in Contracts

Director & Officer Insurance. At all times during the term of this Agreement the Company shall maintain in full force and effect a director and office insurance policy with a national insurance underwriter insuring Employee for his acts and ommissions in his capacity as an Officer and Director of the Company, with coverage under such policy of not less than ONE MILLION dollars ($1,000,000).

Director & Officer Insurance. At all times during the term of this Agreement the Company shall maintain in full force and effect a director and office insurance policy with a national insurance underwriter insuring Employee for his acts and ommissions omissions in his capacity as an Officer and Director of the Company, with coverage under such policy of not less than ONE MILLION dollars ($1,000,000).

Director & Officer Insurance. At all times during the term of this Agreement the Company shall maintain in full force and effect a director and office officer insurance policy with a national insurance underwriter insuring Employee for his acts and ommissions omissions in his capacity as an Officer and Director of the Company, with coverage under such policy of not less than ONE MILLION dollars ($1,000,000).