Common use of Insurance Indemnification Clause in Contracts

Insurance Indemnification. During the Term and through at least the fifth anniversary of the Executive’s termination of employment from the Company, the Company agrees to maintain the Executive as an insured party on all directors’ and officers’ insurance maintained by the Company for the benefit of its directors and officers on at least the same basis as all other covered individuals and to indemnify the Executive to the maximum extent permitted under applicable law.

Appears in 7 contracts

Samples: Employment Agreement (FreightCar America, Inc.), Employment Agreement (FreightCar America, Inc.), Employment Agreement (FreightCar America, Inc.)

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Insurance Indemnification. During the Term and through at least the fifth anniversary of the Executive’s termination of employment from the Company, the Company agrees to maintain the Executive as an insured party on all directors’ and officers’ insurance maintained by the Company for the benefit of its directors and officers on at least the same basis as all other covered individuals and to indemnify provide the Executive to with at least the maximum extent permitted under applicable lawsame corporate indemnification as its officers.

Appears in 6 contracts

Samples: Employment Agreement (FreightCar America, Inc.), Employment Agreement (FCA Acquisition Corp.), Employment Agreement (FCA Acquisition Corp.)

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Insurance Indemnification. During the Employment Term and through at least the fifth anniversary of the Executive’s termination of employment from the Company, the Company agrees to maintain the Executive as an insured party on all directors’ and officers’ insurance maintained by the Company for the benefit of its directors and officers on at least the same basis as all other covered individuals and to indemnify the Executive to the maximum extent permitted under applicable law.

Appears in 5 contracts

Samples: Employment Agreement (Basin Water, Inc.), Employment Agreement (Basin Water, Inc.), Employment Agreement (Basin Water, Inc.)

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