Common use of Insurance and Indemnity Clause in Contracts

Insurance and Indemnity. The Company shall, to the extent permitted by law, include the Executive during the Term of Employment under any directors and officers’ liability insurance policy maintained for its directors and officers, with coverage at least as favorable to the Executive in amount and each other material respect as the coverage of other officers covered thereby. The Company’s obligation to provide insurance and indemnify the Executive shall survive expiration or termination of this Agreement with respect to proceedings or threatened proceedings based on acts or omissions of the Executive occurring during the Executive’s employment with the Company. Such obligations shall be binding upon the Company’s successors and assigns and shall inure to the benefit of the Executive’s heirs and personal representatives.

Appears in 59 contracts

Samples: Executive Employment Agreement (Albemarle Corp), Executive Employment Agreement (Ross Stores, Inc.), Executive Employment Agreement (Ross Stores, Inc.)

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Insurance and Indemnity. The Company shall, to the extent permitted by law, include the Executive during the Term of Employment under any directors and officers’ officers liability insurance policy maintained for its directors and officers, with coverage at least as favorable to the Executive in amount and each other material respect as the coverage of other officers covered thereby. The Company’s obligation to provide insurance and indemnify the Executive shall survive expiration or termination of this Agreement with respect to proceedings or threatened proceedings based on acts or omissions of the Executive occurring during the Executive’s employment with the Company. Such obligations shall be binding upon the Company’s successors and assigns and shall inure to the benefit of the Executive’s heirs and personal representatives.

Appears in 16 contracts

Samples: Executive Employment Agreement (Ross Stores Inc), Executive Employment Agreement (Ross Stores Inc), Executive Employment Agreement (Ross Stores Inc)

Insurance and Indemnity. The Company shall, to the extent permitted by law, include the Executive during the Term term of Employment this agreement under any directors and officers’ officers liability insurance policy maintained for its directors and officers, with coverage at least as favorable to the Executive in amount and each other material respect as the coverage of other directors and officers covered thereby. The Company’s This obligation to provide insurance and indemnify the Executive shall survive expiration or termination of this Agreement with respect to proceedings or threatened proceedings based on acts or omissions of the Executive occurring during the Executive’s 's employment with the CompanyCompany or with any affiliated company. Such obligations shall be binding upon the Company’s 's successors and assigns and shall inure to the benefit of the Executive’s 's heirs and personal representatives.

Appears in 2 contracts

Samples: Employment Agreement (Ross Stores Inc), Employment Agreement (Ross Stores Inc)

Insurance and Indemnity. The Company shall, to the extent permitted by law, include the Executive during the Term term of Employment this Agreement under any directors and officers’ officers liability insurance policy maintained for its directors and officers, with coverage at least as favorable to the Executive in amount and each other material respect as the coverage of other directors and officers covered thereby. The Company’s This obligation to provide insurance and indemnify the Executive shall survive expiration or termination of this Agreement with respect to proceedings or threatened proceedings based on acts or omissions of the Executive occurring during the Executive’s 's employment with the CompanyCompany or with any affiliated company. Such obligations shall be binding upon the Company’s 's successors and assigns and shall inure to the benefit of the Executive’s 's heirs and personal representatives.

Appears in 1 contract

Samples: Employment Agreement (Ross Stores Inc)

Insurance and Indemnity. The Company shall, to the extent permitted by law, include the Executive during the Term term of Employment this Agreement under any directors and officers’ officers liability insurance policy maintained for its directors and officers, with coverage at least as favorable to the Executive in amount and each other material respect as the coverage of other directors and officers covered cover thereby. The Company’s This obligation to provide insurance and indemnify the Executive shall survive expiration or termination of this Agreement with respect to proceedings or threatened proceedings based on acts or omissions of the Executive occurring during the Executive’s 's employment with the CompanyCompany or with any affiliated company. Such obligations shall be binding upon the Company’s 's successors and assigns and shall inure to the benefit of the Executive’s 's heirs and personal representatives.

Appears in 1 contract

Samples: Employment Agreement (Ross Stores Inc)

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Insurance and Indemnity. The Company shall, to the extent permitted by law, include the Executive during the Term of Employment under any directors and officers’ officers liability insurance policy maintained for its directors and officers, with coverage at least as favorable to the Executive in amount and each other material respect as the coverage of other officers covered thereby. The Company’s 's obligation to provide insurance and indemnify the Executive shall survive expiration or termination of this Agreement with respect to proceedings or threatened proceedings based on acts or omissions of the Executive occurring during the Executive’s 's employment with the Company. Such obligations shall be binding upon the Company’s 's successors and assigns and shall inure to the benefit of the Executive’s 's heirs and personal representatives.

Appears in 1 contract

Samples: Executive Employment Agreement (Ross Stores Inc)

Insurance and Indemnity. The Company shall, to the extent permitted by law, include the Executive during the Term term of Employment this Agreement under any directors and officers’ officers liability insurance policy maintained for its directors and officers, with coverage at least as favorable to the Executive in amount and each other material respect as the coverage of other directors and officers covered cover thereby. The Company’s This obligation to provide insurance and indemnify the Executive shall survive expiration or termination of this Agreement with respect to proceedings or threatened proceedings based on acts or omissions of the Executive occurring during the Executive’s employment with the CompanyCompany or with any affiliated company. Such obligations shall be binding upon the Company’s successors and assigns and shall inure to the benefit of the Executive’s heirs and personal representatives.

Appears in 1 contract

Samples: Employment Agreement (Ross Stores Inc)

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