Common use of Directors and Officers Insurance Clause in Contracts

Directors and Officers Insurance. During the Term and for a period of 24 months thereafter, the Executive shall be entitled to director and officer insurance coverage for his acts and omissions while an officer and director of the Company on a basis no less favorable to him than the coverage provided to current officers and directors.

Appears in 24 contracts

Samples: Employment Agreement (New York Mortgage Trust Inc), Employment Agreement (New York Mortgage Trust Inc), Employment Agreement (New York Mortgage Trust Inc)

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Directors and Officers Insurance. During the Term and for a period of 24 thirty-six (36) months thereafter, the Executive shall be entitled to director and officer insurance coverage for his acts and omissions while an officer and director of the Company on a basis no less favorable to him than the coverage provided to current officers and directors.

Appears in 5 contracts

Samples: Employment Agreement (Peoples Choice Financial Corp), Employment Agreement (Peoples Choice Financial Corp), Employment Agreement (Peoples Choice Financial Corp)

Directors and Officers Insurance. During the Term and for a period of 24 months thereafter, the Executive shall be entitled to director and officer insurance coverage for his acts and omissions while an officer and director of the Company on a basis no less favorable to him than the coverage provided to current officers and directorsdirectors of the Company.

Appears in 2 contracts

Samples: Employment Agreement (KMG America CORP), Employment Agreement (KMG America CORP)

Directors and Officers Insurance. During the Term and for a period of 24 months thereafter, the Executive shall be entitled subject to director and officer insurance coverage for his acts and omissions while an officer and director of the Company on a basis no less favorable to him than the coverage provided to current other Company officers and directors.

Appears in 1 contract

Samples: Employment Agreement (New York Mortgage Trust Inc)

Directors and Officers Insurance. During the Term and for a period of 24 months thereafter, the Executive shall be entitled to director and officer insurance coverage for his her acts and omissions while an officer and director of the Company on a basis no less favorable to him her than the coverage provided to current other officers and directors.

Appears in 1 contract

Samples: Employment Agreement (New York Mortgage Trust Inc)

Directors and Officers Insurance. During the Term and for a period of 24 months thereafter, the Executive shall be entitled to director and officer insurance coverage for his acts and omissions while an officer and director of any member of the Company Group on a basis no less favorable to him than the coverage provided to current officers and directors.

Appears in 1 contract

Samples: Employment Agreement (New York Mortgage Trust Inc)

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Directors and Officers Insurance. During the Term and for a period of 24 months thereafter, the Executive shall be entitled to director and officer insurance coverage (or similarly appropriate form of insurance under another title), for his acts and omissions while an officer and director of the Company on a basis no less favorable to him than the coverage provided to current officers and directorsCompany.

Appears in 1 contract

Samples: Employment Agreement (New York Mortgage Trust Inc)

Directors and Officers Insurance. During the Term and for a period of 24 months thereafter, the Executive shall be entitled to director and officer insurance coverage for his acts and omissions while an officer and director of the Company on a basis no less favorable to him than the coverage provided to current other officers and directors.

Appears in 1 contract

Samples: Employment Agreement (New York Mortgage Trust Inc)

Directors and Officers Insurance. During Throughout the Term Employment Period and for a period of 24 months thereafter, two (2) years thereafter the Executive shall be entitled to director and officer insurance coverage for his acts and omissions while an officer and director of the Company to the extent applicable, on a basis as determined by the Company, but no less favorable to him the Executive than the coverage provided to any other current officers and and/or directors. The provision of such insurance coverage will be at the sole cost of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Bright Green Corp)

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