Common use of Directorships and Directors and Officers insurance Clause in Contracts

Directorships and Directors and Officers insurance. 5.2.1 The Executive will be required to act as a director of the Company and may be required to act as a director of other Group Companies (either executive or non-executive) as the Board requires from time to time. The Company reserves the right on giving written notice to the Executive to terminate any office of directorship immediately at any time. 5.2.2 The Company shall for the duration of the Employment and for a period of not less than six calendar years following the Termination Date, maintain directors' and officers' insurance for the benefit of the Executive in respect of those liabilities which he may incur as a director or officer of the Company or any Group Company and for which such insurance is normally available.

Appears in 2 contracts

Samples: Ceo Employment Agreement, Service Agreement (LivaNova PLC)

AutoNDA by SimpleDocs

Directorships and Directors and Officers insurance. 5.2.1 The Executive will may be required to act as a director of the Company and may be required to act as a director of other Group Companies (either executive or non-executive) as the Board requires from time to time. The Company reserves the right on giving written notice to the Executive to terminate any office of directorship immediately at any time. 5.2.2 The Company shall for the duration of the Employment and for a period of not less than six calendar years following the Termination Date, maintain directors' and officers' insurance for the benefit of the Executive in respect of those liabilities which he she may incur as a director or officer of the Company or any Group Company and for which such insurance is normally available.

Appears in 2 contracts

Samples: Service Agreement (LivaNova PLC), Service Agreement (LivaNova PLC)

Directorships and Directors and Officers insurance. 5.2.1 The Executive will may be required to act as a director of the Company and may be required to act as a director of other Group Companies (either executive or non-executive) as the Board requires from time to time. The Company reserves the right on giving written notice to the Executive to terminate any office of directorship immediately at any time. 5.2.2 The Company shall for the duration of the Employment and for a period of not less than six calendar years following the Termination Date, maintain directors' and officers' insurance for the benefit of the Executive in respect of those liabilities which he may incur as a director or officer of the Company or any Group Company and for which such insurance is normally available.

Appears in 2 contracts

Samples: Service Agreement (LivaNova PLC), Service Agreement (LivaNova PLC)

Directorships and Directors and Officers insurance. 5.2.1 The Executive will may be required to act as a director of the Company and may be required to act as a director of other Group Companies (either executive or non-executive) as the Board requires from time to time. The Company reserves the right on giving written notice to the Executive to terminate any office of directorship immediately at any time. 5.2.2 The Company shall for the duration of the Employment and for a period of not less than six calendar years following the Termination Date, maintain directors' and officers' insurance for the benefit of the Executive in respect of those liabilities which he may incur as a director or officer of the Company or any Group Company and for which such insurance is normally available.

Appears in 1 contract

Samples: Service Agreement (LivaNova PLC)

AutoNDA by SimpleDocs

Directorships and Directors and Officers insurance. 5.2.1 The Executive will be required to act as a director of the Company and may be required to act as a director of other Group Companies (either executive or non-executive) as the Board requires from time to time. The Company reserves the right on giving written notice to the Executive to terminate any office of directorship immediately at any time. 5.2.2 The Company shall for the duration of the Employment and for a period of not less than six calendar years following the Termination Date, maintain directors' and officers' insurance for the benefit of the Executive in respect of those liabilities which he may incur as a director or officer of the Company or any Group Company and for which such insurance is normally available. The terms of the insurance will be no less favourable than the insurance available to other similarly situated Executives.

Appears in 1 contract

Samples: Service Agreement (LivaNova PLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!