Common use of D&O Insurance Coverage Clause in Contracts

D&O Insurance Coverage. The Company shall use its best efforts to obtain and maintain, at the Company's cost and expense, directors' and officers' liability insurance coverage for the directors and officers of the Company, including the Executive. Nothing herein shall be deemed to require the Company to provide such coverage for the Executive if it is not then providing such coverage generally to its directors and officers.

Appears in 4 contracts

Samples: Employment Agreement (Datatec Systems Inc), Employment Agreement (Datatec Systems Inc), Employment Agreement (Glasgal Communications Inc)

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D&O Insurance Coverage. The Company Corporation shall use its best efforts to obtain and maintain, at the Company's its cost and expense, directors' and officers' liability insurance coverage for the directors and officers of the CompanyCorporation, including the Executive. Nothing herein shall be deemed to require the Company Corporation to provide such coverage for the Executive if it is not then providing such coverage generally to its directors and officers.

Appears in 2 contracts

Samples: Employment Agreement (Nact Telecommunications Inc), Employment Agreement (Nact Telecommunications Inc)

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