Directors’ Insurance. The Company shall use commercially reasonable efforts to obtain customary insurance coverage for members of the Board of Directors to the extent available on commercially reasonable terms by no later than the effective date of a Qualified IPO.
Directors’ Insurance. Company shall provide Executive with Director's and officer's insurance in the minimum amount of Two Million Dollars ($2,000,000) within ten (10) business days after executing this Agreement.
Directors’ Insurance. The Company shall maintain directors’ and officers’ liability insurance covering the full Board of Managers in an amount not less than THREE MILLION DOLLARS ($3,000,000).
Directors’ Insurance. The Corporation shall use its best efforts to procure from a financially reputable insurer a policy of director's insurance with respect to Purchaser (or his nominee) in an amount and coverage satisfactory to Purchaser. A certificate of insurance evidencing such director's insurance shall be delivered by the Corporation to Purchaser. For as long as Purchaser (or his nominee) serves as a director on the Board of Directors of the Corporation, the Corporation shall maintain said policy of director's insurance with respect to Purchaser (or his nominee) in an amount and coverage satisfactory to Purchaser, and shall deliver to Purchaser certificates of insurance evidencing the existence and timely renewal of said policy of director's insurance.
Directors’ Insurance. 8.1 Until an IPO, the Company shall procure and maintain in effect customary directors and officers insurance policies, with amounts of coverage as shall be determined by the Board of the Company, which amount shall be at least US $2,500,000, unless otherwise approved by the Board (including at least two Investor Directors).
Directors’ Insurance. The individual that has previously served as the Warburg Group Director (as such term is defined in Section 5.09(a) of the Original Purchase Agreement) is covered by the Company's current director's and officer's liability insurance policy. Such liability insurance policy provides coverage (subject to the terms and limits thereof and exclusions thereunder) on a "claims made" basis through September 30, 2002. Upon and following the expiration or termination of such policy, each individual that has served as the Warburg Group Director will be covered by any director's and officer's liability insurance policy maintained by the Company to the same extent as any other director of the Company serving on the Board of Directors at the same time as such individual.
Directors’ Insurance. Employer shall maintain directly or through FTPLC a director's and officer's liability insurance policy benefiting corporate officers and directors, including Employee, in an amount equivalent to the coverage provided in the similar policy maintained by FTPLC, which presently is (pound) 10.0 million.
Directors’ Insurance. 16.1 The Buyer undertakes that, after the Closing Date, the officers of the Companies shall be included under the Buyer’s D&O Liability Insurance coverage and shall keep such insurance valid and in force for a period of seven years from the date on which the Sellers ceased to serve as officers of the Companies.
Directors’ Insurance. Each individual that serves as a Warburg Group Director or as an Unaffiliated Director will be covered by any directors' and officers' liability insurance policy maintained by the Company to the same extent as any other director of the Company serving on the Board of Directors at the same time as such individual.
Directors’ Insurance. The Company shall, at all times when any Investor shall have a representative on the Company’s board of directors, an insurance policy covering acts and omissions of directors having a per claim limit of not less than $2 million (Cdn).
