Executive Insurance Policy Clause Samples
The Executive Insurance Policy clause requires the company to provide and maintain insurance coverage for its executives, typically covering liabilities arising from their official duties. This may include directors and officers (D&O) liability insurance, which protects executives against claims made for alleged wrongful acts in their capacity as company leaders. By ensuring such coverage, the clause safeguards executives from personal financial loss due to legal actions related to their roles, thereby encouraging qualified individuals to serve in leadership positions without undue risk.
Executive Insurance Policy. If applicable and immediately after the date of the termination of Executive’s employment hereunder, Executive agrees to be solely responsible for the payment of the premiums under his long-term care/life insurance policy.
Executive Insurance Policy. During the Contract Period while Executive is employed by Curbline TRS, Curbline shall promptly (and, in any event, within thirty (30) days following receipt from Executive of written evidence of Executive’s having made expenditures therefor) reimburse Executive (up to an aggregate maximum of $10,000 in any calendar year) for premiums paid by Executive for life, disability and/or similar insurance policies.
Executive Insurance Policy. During the Contract Period while Executive is employed by SITE Centers, SITE Centers shall promptly (and, in any event, within thirty (30) days following receipt from Executive of written evidence of Executive’s having made expenditures therefor) reimburse Executive (up to an aggregate maximum of $10,000 in any calendar year) for premiums paid by Executive for life, disability and/or similar insurance policies.
Executive Insurance Policy. During the Contract Period while Executive is employed by DDR, DDR shall promptly (and, in any event, within thirty (30) days following receipt from Executive of written evidence of Executive’s having made expenditures therefor) reimburse Executive (up to an aggregate maximum of $25,000 in any calendar year) for premiums paid by Executive for life, disability and/or similar insurance policies. Executive acknowledges that such reimbursement is being provided in lieu of any accelerated or continued vesting of equity awards in connection with his termination of employment due to death or disability.
Executive Insurance Policy. During the Curbline Contract Period while Executive is employed by ▇▇▇▇▇▇▇▇ (or an appropriate Subsidiary), Curbline (or an appropriate Subsidiary) shall promptly (and, in any event, within thirty (30) days following receipt from Executive of written evidence of Executive’s having made expenditures therefor) reimburse Executive (up to an aggregate maximum of $25,000 in any calendar year) for premiums paid by Executive for life, disability and/or similar insurance policies.