Common use of Insurance/Bond Clause in Contracts

Insurance/Bond. For so long as Executive serves as either an officer or director of the Company, the Company shall, at its sole cost and expense, (i) obtain and maintain Directors’ and Officers’ and Corporate Liability Insurance covering Executive and his acts and omissions and having coverage levels, terms, and conditions not substantially less favorable than those contained in such insurance currently maintained by the Company and (ii) obtain and post any bond other than fiduciary security (including without limitation any such items required under Section 6.8 of the Company’s By-Laws) required by the Company to be maintained by, in the name of or on behalf of Executive.

Insurance/Bond. For so long as Executive serves as either an officer or director of the Company, the Company shall, at its sole cost and expense, (i) obtain and maintain Directors’ and Officers’ and Corporate Liability Insurance covering Executive and his her acts and omissions and having coverage levels, terms, and conditions not substantially less favorable than those contained in such insurance currently maintained by the Company and (ii) obtain and post any bond other than fiduciary security (including without limitation any such items required under Section 6.8 of the Company’s By-Laws) required by the Company to be maintained by, in the name of or on behalf of Executive.

Insurance/Bond. For so long as Executive serves as either an officer or director of the Company, the Company shall, at its sole cost and expense, (i) obtain and maintain Directors’ ' and Officers’ ' and Corporate Liability Insurance covering Executive and his acts and omissions and having coverage levels, terms, and conditions not substantially less favorable than those contained in such insurance currently maintained by the Company and (ii) obtain and post any bond or other than fiduciary security (including without limitation any such items required under Section 6.8 6.9 of the Company’s 's By-Laws) required by the Company to be maintained by, in the name of of, or on behalf of the Executive.