Common use of D&O Insurance Coverage Clause in Contracts

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

Appears in 3 contracts

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

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Personal Services Agreement (GST Telecommunications Inc)

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