Insurance Provided by Company. As soon as practicable after the Effective Date, the Company shall obtain a directors and officers liability insurance policy covering all directors and officers of the Company, including Executive, which insurance policy shall provide adequate insurance coverage for each of such persons, as shall be approved by the Board. The Executive shall be entitled to such coverage while employed and thereafter while potential liability exists.
Appears in 5 contracts
Samples: Employment Agreement (H2Diesel Holdings, Inc), Employment Agreement (Wireless Holdings Inc), Employment Agreement (Wireless Holdings Inc)
Insurance Provided by Company. As soon as practicable after the Effective Date, the Company shall obtain a directors and officers liability insurance policy covering all directors and officers of the Company, including Executiveunder which Executive shall be an Insured, which insurance policy shall provide adequate insurance coverage for each claims alleging wrongful acts against Executive by reason of such personsthe fact of that Executive is a director, officer, or employee of Company, as shall be approved by the Board. The Executive shall be entitled to such coverage under such insurance policy while employed and thereafter while potential liability reasonably exists.
Appears in 3 contracts
Samples: Executive Employment Agreement (Western Magnesium Corp.), Executive Employment Agreement (Western Magnesium Corp.), Executive Employment Agreement (Western Magnesium Corp.)
Insurance Provided by Company. As soon as practicable after the Effective Date, the Company shall obtain a directors and officers liability insurance policy covering all directors and officers of the Company, including Executive, which insurance policy shall provide adequate insurance coverage for each of such persons, as shall be approved by the Board. The Executive shall be entitled to such coverage while employed and thereafter while potential liability existsBoard of Directors of the Company.
Appears in 2 contracts
Samples: Executive Employment Agreement (Oncovista Innovative Therapies, Inc), Executive Employment Agreement (United Fuel & Energy Corp)
Insurance Provided by Company. As soon as practicable after the Effective Date, the Company shall obtain a directors and officers liability insurance policy covering all directors and officers of the Company, including Executive, which insurance policy shall provide adequate insurance coverage for each of such persons, as shall be approved by the Board. The Executive shall be entitled to such coverage while employed and thereafter while potential liability exists.
Appears in 2 contracts
Samples: Employment Agreement (Maven Media Holdings, Inc.), Employment Agreement (Maven Media Holdings, Inc.)
Insurance Provided by Company. As soon as practicable after the Effective Date, the Company shall obtain a directors and officers liability insurance policy covering all directors and officers of the Company, including ExecutiveEmployee, which insurance policy shall provide adequate insurance coverage for each of such persons, as shall be approved by the Board. The Executive shall be entitled to such coverage while employed and thereafter while potential liability existsBoard of Directors of the Company.
Appears in 1 contract
Samples: Employee Employment Agreement (Oncovista Innovative Therapies, Inc)
