Common use of D&O Insurance and Indemnification Clause in Contracts

D&O Insurance and Indemnification. Through at least the tenth anniversary of the Termination Date, the Company shall maintain coverage for the Executive as an additional insured on all directors' and officers' insurance maintained by the Company for the benefit of its directors and officers on at least the same basis as all other covered individuals and provide the Executive with at least the same corporate indemnification as it provides to other Senior Executives.

Appears in 6 contracts

Samples: Executive Employment Agreement (Bindview Development Corp), Executive Employment Agreement (Bindview Development Corp), Executive Employment Agreement (Bindview Development Corp)

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D&O Insurance and Indemnification. Through at least the tenth sixth anniversary of the Termination Date, the Company shall maintain coverage for the Executive as an additional a named insured on all directors' and officers' insurance maintained by the Company for the benefit of its directors and officers on at least the same basis as all other covered individuals and provide the Executive with at least the same corporate indemnification as it provides to other Senior Executives. All such directors’ and officers’ insurance policies will provide prior acts coverage from September 30, 2004.

Appears in 5 contracts

Samples: Employment Agreement (Comsys It Partners Inc), Employment Agreement (Comsys It Partners Inc), Employment Agreement (Comsys It Partners Inc)

D&O Insurance and Indemnification. Through at least the tenth anniversary of the Termination Date, the Company shall maintain coverage for the Executive as an additional insured on all directors' and officers' insurance maintained by the Company for the benefit of its directors and officers on at least the same basis as all other covered individuals and provide the Executive with at least the same corporate indemnification as it provides to other Senior Executives.

Appears in 1 contract

Samples: Executive Employment Agreement (Bindview Development Corp)

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D&O Insurance and Indemnification. Through at least the tenth anniversary of the Termination Date, the Company shall maintain coverage for the Executive as an additional insured on all directors' and officers' insurance maintained by the Company for the benefit of its directors and officers on at least the same basis as all other covered individuals and provide the Executive with at least the same corporate indemnification as it provides to other Senior Executivesexecutives of the Company of comparable position and responsibility.

Appears in 1 contract

Samples: Executive Employment Agreement (Bindview Development Corp)

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