Common use of D&O Policy Clause in Contracts

D&O Policy. The Company shall: (a) maintain a D&O Policy in respect of each Director and each director of a Company Subsidiary that provides a level of coverage consistent with that maintained by similarly sized companies that engage in activities similar to those undertaken by the Company and the Company Subsidiaries; and (b) pay the premiums in respect of that D&O Policy in relation to the Director’s term in office and for six years after the expiry of the Director’s term (to the maximum extent permitted by Law).

D&O Policy. The Company shallmust: (a) maintain a D&O Policy in respect of each Director and each director of a Company Subsidiary that provides a level of coverage consistent with that maintained by similarly sized companies that engage in activities similar to those undertaken by the Company and the Company Subsidiaries; and (b) pay the premiums in respect of that D&O Policy in relation to the Director’s Director s term in office and for six years after the expiry of the Director’s Director s term (to the maximum extent permitted by Law).