Common use of Indemnification; Insurance Coverage Clause in Contracts

Indemnification; Insurance Coverage. Executive will be indemnified to the maximum extent permitted by law for his acts and omissions as a director, officer and/or employee of the Company and its subsidiaries. The Company will cover Executive under Directors and Officers liability insurance both during his employment and for so long thereafter as liability exists to the same extent as the Company covers its then active officers and directors.

Indemnification; Insurance Coverage. Executive will be indemnified to the maximum extent permitted by law for his her acts and omissions as a director, officer and/or employee of the Company and its subsidiaries. The Company will cover Executive under Directors and Officers liability insurance both during his her employment and for so long thereafter as liability exists to the same extent as the Company covers its then active officers and directors.