Common use of EPLI INSURANCE Clause in Contracts

EPLI INSURANCE. During the entirety of the Employment Term, the Company shall cause the Executive to be covered by and named as an insured or as a member of a class of insured under any policy or contract of insurance obtained by it to insure its directors and officers against personal liability for acts or omissions in connection with service as a director or officer of the Company, where such personal liability could arise under or in connection with, or be attributable to, the Company's employment practices and procedures "EPLI Insurance Coverage"). The EPLI Insurance Coverage provided to the Executive pursuant to this Section 3.6.2 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company and shall continue for so long as the Executive shall be subject to personal liability relating to such service.

Appears in 4 contracts

Samples: Employment Agreement (Aerobic Creations, Inc.), Employment Agreement (Aerobic Creations, Inc.), Employment Agreement (Aerobic Creations, Inc.)

AutoNDA by SimpleDocs

EPLI INSURANCE. During the entirety of the Employment Term, the Company shall cause the Executive to be covered by and named as an insured or as a member of a class of insured under any policy or contract of insurance obtained by it to insure its directors and officers against personal liability for acts or omissions in connection with service as a director or officer of the Company, where such personal liability could arise under or in connection with, or be attributable to, the Company's employment practices and procedures "EPLI Insurance Coverage"). The EPLI Insurance Coverage provided to the Executive pursuant to this Section 3.6.2 3.4.2 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers or directors of the Company and shall continue for so long as the Executive shall be subject to personal liability relating to such service.

Appears in 1 contract

Samples: Employment Agreement (Aerobic Creations, 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!