Common use of D&O Insurance Coverage Clause in Contracts

D&O Insurance Coverage. Subject to the terms of Coda Octopus’ directors and officers liability insurance policy, during and for a period of a maximum of three years after termination, the Executive shall be entitled to director and officer insurance coverage for his acts and omissions while an officer and director of Coda Octopus on a basis no less favorable to him than the coverage provided current officers and directors.

D&O Insurance Coverage. Subject to the terms of Coda Octopus’ the Company’s directors and officers liability insurance policy, during and for a period of a maximum of three years after termination, the Executive shall be entitled to director and officer insurance coverage for his acts and omissions while an officer and director of Coda Octopus on a basis no less favorable to him than the coverage provided to current officers and directors.

D&O Insurance Coverage. Subject to the terms of Coda Octopus’ Octopus Group Inc directors and officers liability insurance policy, during and for a period of a maximum of three years after termination, the Executive shall be entitled to director and officer insurance coverage for his acts and omissions while an officer and director of Coda Octopus Colmek on a basis no less favorable to him than the coverage provided current officers and directors.directors of other subsidiaries of Coda Octopus Group Inc.

D&O Insurance Coverage. Subject to the terms of Coda Octopus’ directors and officers liability insurance policy, during and for a period of a maximum of three years after termination, the Executive shall be entitled to director and officer insurance coverage for his acts and omissions while an officer and director of Coda Octopus on a basis no less favorable to him than the coverage provided to current officers and directors.