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

D&O Insurance; Indemnification. The Employer hereby agrees to maintain in full force and effect for the duration of this Agreement, Director's and Officer's Liability Insurance of at least $2,000,000 and to indemnify and hold harmless to the full extent permitted by law, the Employee for acts performed by him in carrying out his duties and responsibilities in accordance with this Agreement.

Appears in 13 contracts

Samples: Employment Agreement (Belmac Corp /Fl/), Employment Agreement (Belmac Corp /Fl/), Employment Agreement (Belmac Corp /Fl/)

AutoNDA by SimpleDocs

D&O Insurance; Indemnification. The Employer hereby agrees to maintain in full force and effect for the duration of this Agreement, Director's ’s and Officer's ’s Liability Insurance of at least $2,000,000 5,000,000 and to indemnify and hold harmless the Employee to the full extent permitted by law, the Employee for acts performed by him in carrying out his duties and responsibilities in accordance with this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (CPEX Pharmaceuticals, Inc.), Employment Agreement (CPEX Pharmaceuticals, Inc.), Employment Agreement (CPEX Pharmaceuticals, Inc.)

D&O Insurance; Indemnification. The Employer hereby agrees to maintain in full force and effect for the duration of this Agreement, Director's ’s and Officer's ’s Liability Insurance of at least $2,000,000 5,000,000 and to indemnify and hold harmless the Employee to the full extent permitted by law, the Employee law for acts performed by him in carrying out his duties and responsibilities in accordance with this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Bentley Pharmaceuticals Inc), Employment Agreement (CPEX Pharmaceuticals, Inc.), Employment Agreement (CPEX Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs

D&O Insurance; Indemnification. The Employer hereby agrees to maintain in full force and effect for the duration of this Agreement, Director's ’s and Officer's ’s Liability Insurance of at least $2,000,000 5,000,000 and to indemnify and hold harmless to the full extent permitted by law, the Employee for acts performed by him in carrying out his duties and responsibilities in accordance with this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Bentley Pharmaceuticals Inc)

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