Common use of D&O Insurance Clause in Contracts

D&O Insurance. For a period of at least six years after the Board Member has ceased to provide services to the Fund, the Fund shall purchase and maintain in effect, through “tail” or other appropriate coverage, one or more policies of insurance on behalf of the Board Member to the maximum extent of the coverage provided to the active members of the Board of Trustees of the Fund.

Appears in 68 contracts

Sources: Indemnification Agreement (American Funds U.S. Small & Mid Cap Equity Fund), Indemnification Agreement (Capital Group KKR Core Plus (Plus)), Indemnification Agreement (Capital Group KKR Multi-Sector (Plus))

D&O Insurance. For a period of at least six years after the Board Member has ceased to provide services to the Fund, the Fund shall purchase and maintain in effect, through "tail" or other appropriate coverage, one or more policies of insurance on behalf of the Board Member to the maximum extent of the coverage provided to the active members of the Board of Trustees [Directors] [Trustees] of the Fund.

Appears in 5 contracts

Sources: Indemnification Agreement (Cash Management Trust of America), Indemnification Agreement (Fundamental Investors Inc), Shareholder Services Agreement (Income Fund of America Inc)

D&O Insurance. For a period of at least six years after the Board Member has ceased to provide services to the Fund, the Fund shall purchase and maintain in effect, through “tail” or other appropriate coverage, one or more policies of insurance on behalf of the Board Member to the maximum extent of the coverage provided to the active members of the Board of Trustees Directors of the Fund.

Appears in 3 contracts

Sources: Indemnification Agreement (Emerging Markets Growth Fund Inc), Administrative Services Agreement (Short-Term Bond Fund of America), Administrative Services Agreement (International Growth & Income Fund, Inc.)

D&O Insurance. For a period of at least six years after the Board Member has ceased to provide services to the Fund, the Fund shall purchase and maintain in effect, through "tail" or other appropriate coverage, one or more policies of insurance on behalf of the Board Member to the maximum extent of the coverage provided to the active members of the Board of Trustees Directors of the Fund.

Appears in 1 contract

Sources: Indemnification Agreement (Washington Mutual Investors Fund Inc)