Common use of D&O Liability Insurance Clause in Contracts

D&O Liability Insurance. The Company shall obtain and maintain a policy or policies of insurance (“D&O Liability Insurance”) with reputable insurance companies providing liability insurance for directors and officers of the Company in their capacities as such (and for any capacity in which any director or officer of the Company serves any other Enterprise at the request of the Company), in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of Expenses) no less favorable than those of such policy in effect on the date hereof.

Appears in 7 contracts

Samples: Indemnification Agreement (Citizens Financial Group Inc/Ri), Indemnification Agreement (Angie's List, Inc.), Indemnification Agreement (Angie's List, Inc.)

AutoNDA by SimpleDocs

D&O Liability Insurance. The Company shall obtain and maintain a policy or policies of insurance (“D&O Liability Insurance”) with reputable insurance companies providing liability insurance for directors and officers of the Company in their capacities as such (and for any capacity in which any director or officer of the Company serves any other Enterprise at the request of the Company), in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of Expenses) no less favorable than those of such policy in effect on the date hereof.

Appears in 4 contracts

Samples: Indemnification Agreement (Snail, Inc.), Indemnification Agreement (Mirion Technologies, Inc.), Indemnification Agreement (Churchill Capital Corp IV)

D&O Liability Insurance. The Company shall obtain and maintain a policy or policies of insurance (“D&O Liability Insurance”) with reputable insurance companies providing liability insurance for directors and executive officers of the Company in their capacities as such (and for any capacity in which any director or executive officer of the Company serves any other Enterprise at the request of the Company), in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of Expenses) no less favorable than those of such policy in effect on the date hereof.

Appears in 4 contracts

Samples: Indemnification Agreement (Amer Sports, Inc.), Indemnification Agreement (Weber Inc.), Indemnification Agreement (Xponential Fitness, Inc.)

D&O Liability Insurance. The Company shall obtain and maintain a policy or policies of insurance (“D&O Liability Insurance”) with reputable insurance companies providing liability insurance for directors and officers of the Company in their capacities as such (and for any capacity in which any director or officer of the Company serves any other Enterprise at the request of the Company), in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of Expenses) no less favorable than those that are customary for a company of such policy in effect on the date hereofthis size and industry.

Appears in 2 contracts

Samples: Major Stockholders’ Agreement (TransUnion), Director Indemnification Agreement (TransUnion Holding Company, Inc.)

D&O Liability Insurance. The Company shall obtain and maintain a policy or policies of insurance (“D&O Liability Insurance”) with reputable insurance companies providing liability insurance for directors and officers of the Company in their capacities as such (and for any capacity in which any director or officer of the Company serves any other Enterprise at the request of the Company), in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of Expenses) no less favorable than those of such policy in effect on the date hereofcustomary for companies similarly situated.

Appears in 2 contracts

Samples: Indemnification Agreement (Partnerre LTD), Indemnification Agreement (Partnerre LTD)

D&O Liability Insurance. The Company shall obtain and maintain a policy or policies of insurance (“D&O Liability Insurance”) with reputable insurance companies providing liability insurance for directors and officers of the Company in their capacities as such (and for any capacity in which any director or officer of the Company serves any other Enterprise at the request of the CompanyEnterprise), in respect of acts or omissions occurring while serving in such capacity, on terms and Indemnitee shall be covered by such policy or policies, in accordance with respect to coverage and amount (including with respect its or their terms, to the payment maximum extent of Expenses) no less favorable than those of the coverage available for any other director or officer under such policy in effect on the date hereofor policies.

Appears in 1 contract

Samples: Indemnification Agreement (iKang Healthcare Group, Inc.)

D&O Liability Insurance. The Company shall obtain and maintain a policy or policies of insurance (“D&O Liability Insurance”) with reputable insurance companies providing liability insurance for directors and officers of the Company and its subsidiaries in their capacities as such (and for any capacity in which any director or officer of the Company serves any other Enterprise at the request of the Company), in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of Expenses) no less favorable than those of such policy in effect on the date hereofsuch.

Appears in 1 contract

Samples: Indemnification Agreement (Arcadium Lithium PLC)

D&O Liability Insurance. The Company shall obtain and maintain a policy or policies of insurance (“D&O Liability Insurance”) with reputable insurance companies providing liability insurance for directors and executive officers of the Company in their capacities as such (and for any capacity in which any director or executive officer of the Company serves any other Enterprise at the request of the Company), in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of Expenses) no less favorable than those of such policy in effect on the date hereofas are reasonable and customary for comparable companies.

Appears in 1 contract

Samples: Indemnification Agreement (Galaxy Digital Holdings Ltd.)

AutoNDA by SimpleDocs

D&O Liability Insurance. The Company shall obtain and maintain a policy or policies of insurance ("D&O Liability Insurance") with reputable insurance companies providing liability insurance for an appropriate level of coverage under the circumstances existing at the time (as determined from time to time by the Board) for directors and officers of the Company in their capacities as such (and for any capacity in which any director directors, officers, trustees, general partners, managing members, fiduciaries, board of directors' committee members, employees or officer agents of the Company serves any other Enterprise which such person serves at the request of the Company), ) in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of Expenses) no less favorable than those of such policy in effect on the date hereof.

Appears in 1 contract

Samples: Indemnification Agreement (IHS Inc.)

D&O Liability Insurance. The Company shall obtain and maintain a policy or policies of insurance (“D&O Liability Insurance”) with reputable insurance companies providing liability insurance for directors and officers of the Company in their capacities as such (and for any capacity in which any director or officer of the Company serves any other Enterprise at the request of the Company), in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of Expensesexpenses) no less favorable than those of such policy in effect on the date hereofhereof except for any changes approved by the Board prior to a Change in Control.

Appears in 1 contract

Samples: Director Indemnification Agreement (First Data Corp)

D&O Liability Insurance. The Company shall obtain and maintain a policy or policies of insurance (“D&O Liability Insurance”) with reputable insurance companies providing liability insurance for directors the Managers and officers of the Company in their capacities as such (and for any capacity in which any director or officer of the Company serves any other Enterprise at the request of the Company), in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of Expenses) no less favorable than those of such policy in effect on the date hereof.

Appears in 1 contract

Samples: Indemnification Agreement (Ministry Partners Investment Company, LLC)

D&O Liability Insurance. The Company shall obtain and maintain a policy or policies of insurance (“D&O Liability Insurance”) with reputable insurance companies providing liability insurance for directors and officers of the Company in their capacities as such (and for any capacity in which any director or officer of the Company serves any other Enterprise enterprise at the request of the Company), in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of Expenses) no less favorable than those of such policy in effect on the date hereof.

Appears in 1 contract

Samples: Indemnification Agreement (Aspen Technology, Inc.)

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