Common use of Indemnification; D&O Insurance Clause in Contracts

Indemnification; D&O Insurance. The Company shall indemnify the Employee to the fullest extent of that which is available under Chapter 78 of the Nevada Revised Statutes, and shall provide director’s and officer’s insurance with such coverages, in such amounts and from such insurers as constitutes good practices by comparable companies in the same business as the Company. Such insurance shall provide defense and coverage obligations for any claim arising out of Employee’s acts or omissions committed during the Initial Term or any subsequent term hereof, regardless of when such claims are asserted.

Appears in 3 contracts

Samples: Employment Agreement (Park City Group Inc), Employment Agreement (Park City Group Inc), Employment Agreement (Park City Group Inc)

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Indemnification; D&O Insurance. The Company shall indemnify the Employee Fields to the fullest extent of that which is available under Chapter 78 of the Nevada Revised Statutes, and shall provide director’s and officer’s insurance with such coverages, in such amounts and from such insurers as constitutes good practices by comparable companies in the same business as the Company. Such insurance shall provide defense and coverage obligations for any claim arising out of EmployeeFields’ or Executive’s acts or omissions committed during the Initial Term or any subsequent term hereof, regardless of when such claims are asserted.

Appears in 3 contracts

Samples: Services Agreement (Park City Group Inc), Services Agreement (Park City Group Inc), Services Agreement (Park City Group Inc)

Indemnification; D&O Insurance. The Company shall indemnify the Employee to the fullest extent of that which is available under Chapter 78 of the Nevada Revised Statutes, and shall provide director’s 's and officer’s 's insurance with such coverages, in such amounts and from such insurers as constitutes good practices by comparable companies in the same business as the Company. Such insurance shall provide defense and coverage obligations for any claim arising out of Employee’s 's acts or omissions committed during the Initial Term or any subsequent term hereof, regardless of when such claims are asserted.

Appears in 3 contracts

Samples: Employment Agreement (Park City Group Inc), Employment Agreement (Park City Group Inc), Employment Agreement (Park City Group Inc)

Indemnification; D&O Insurance. The Company shall indemnify the Employee Executive to the fullest extent of that which is available under Chapter 78 of the Nevada Revised Statutes, and shall provide director’s and officer’s insurance with such coverages, in such amounts and from such insurers as constitutes good practices by comparable companies in the same business as the Company. Such insurance shall provide defense and coverage obligations for any claim arising out of EmployeeExecutive’ or Executive’s acts or omissions committed during the Initial Term or any subsequent term hereof, regardless of when such claims are asserted.

Appears in 1 contract

Samples: Services Agreement (Xelr8 Holdings, Inc.)

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Indemnification; D&O Insurance. The Company shall indemnify the Employee Fields to the fullest extent of that which is available under Chapter 78 of the Nevada Revised Statutes, and shall provide director’s 's and officer’s 's insurance with such coverages, in such amounts and from such insurers as constitutes good practices by comparable companies in the same business as the Company. Such insurance shall provide defense and coverage obligations for any claim arising out of Employee’s Fields' or Executive's acts or omissions committed during the Initial Term or any subsequent term hereof, regardless of when such claims are asserted.

Appears in 1 contract

Samples: Services Agreement (Park City Group Inc)

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