Common use of Indemnification and Directors and Officers Liability Insurance Clause in Contracts

Indemnification and Directors and Officers Liability Insurance. The Company shall indemnify Executive with respect to matters relating to Executive's services as an officer and/or director of the Company and other members of the Company Group to the maximum extent permitted by law. The Company shall also make certain that Executive is covered under any policy of officers' and directors' liability insurance that the Company maintains for so long as Executive is engaged as an officer and/or director of the Company and thereafter (for services rendered prior to termination of Executive's engagement) to the extent possible under the policy. The provisions of this Section 7 shall survive the termination of Executive's relationship with the Company, regardless of the reason of termination.