Directors and Officers Insurance Policy. The Indemnitor will advise the Officer promptly of: (a) any material change in or withdrawal of or lapse in coverage of any insurance policy covering any of the Eligible Entity’s directors and officers; (b) details of any claim made under such a policy; and (c) the triggering of any extended reporting period applicable to any such policy.
Directors and Officers Insurance Policy. The Company shall cause the REI Directors and the Management Directors to be covered by directors and officers liability insurance to the same extent and in the same amount as any Independent Director.
Directors and Officers Insurance Policy. The Company represents that it has in place a $5,000,000 Directors & Officers insurance policy, and that the Executive will be added to that policy as a named insured.
Directors and Officers Insurance Policy. The Parent shall cause the KSHC Director to be covered by directors and officers liability insurance to the same extent and in the same amount as any Outside Director. Nominating Committee makes no such recommendation, the Board) to recommend for election to the Board the KSHC Director.
Directors and Officers Insurance Policy. Within ninety (90) days of the Closing, the Company shall obtain and maintain a valid policy of Directors' and Officers' insurance covering each member of the Board with a financially sound and reputable insurer in
Directors and Officers Insurance Policy. The Company represents that if it has in place a Directors & Officers insurance policy, and that the Executive will be added to that policy as a named insured. If no policy is in place, the Company will indemnify the Executive the the fullest extent possible.
Directors and Officers Insurance Policy. (a) Prior to the Closing, the Company may obtain a six (6) year prepaid “tail policy” on terms and conditions providing substantially equivalent benefits as the current policies of directors’ and officers’ liability insurance maintained by the Company and the Subsidiaries on the date of this Agreement with respect to claims arising in whole or in part from factors or events that actually or allegedly occurred on or before the Closing Date.
Directors and Officers Insurance Policy. (a) From and after the Effective Time, Parent will cause the Surviving Corporation to fulfill and honor in all respects the obligations of the Company pursuant to any indemnification agreements disclosed in SECTION 2.11 of the Company Disclosure Schedule between the Company and its directors, officers, employees and agents as of the Effective Time (the "Indemnified Parties") and any indemnification provisions under the Company's Certificate of Incorporation or Bylaws as in effect on the date hereof. The Articles of Organization and Bylaws of the Surviving Corporation will contain provisions with respect to exculpation and indemnification that are at least as favorable to the Indemnified Parties as those contained in the Certificate of Incorporation and Bylaws of the Company as in effect on the date hereof, which provisions will not be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who, immediately prior to the Effective Time, were directors, officers, employees and agents of the Company, unless such modification is required by law.
Directors and Officers Insurance Policy. The Board of Directors shall cause Olas after the Effective Date to obtain and maintain claims made Directors and Officer's Insurance Policy with coverage limits not less than $5,000,000 which shall cover all actions of the Isaac Kier in his capacity as a director and officer prior to the Effxxxxxx Xxxe. The Shareholder shall vote and cause his nominees to vote FOR any vote taken to obtain such insurance.
Directors and Officers Insurance Policy. The Company shall use its best efforts to secure a directors and officers insurance policy upon cash financing of at least $1,000,000.
