Common use of Liability Insurance and Indemnification Clause in Contracts

Liability Insurance and Indemnification. The Company shall maintain directors’ and officers’ liability insurance for the Executive during the Term of Employment, and for a six (6) year period following the Executive’s Date of Termination at a level equivalent to the most favorable and protective coverage for any active officer or director of the Company. The Company agrees to indemnify the Executive for any job-related liability to the fullest extent permitted under applicable law, and its by-laws.

Appears in 7 contracts

Samples: Employment Agreement (INVO Bioscience, Inc.), Employment Agreement (Detwiler Kyle), Employment Agreement (Clever Leaves Holdings Inc.)

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Liability Insurance and Indemnification. The Company shall --------------------------------------- maintain directors' and officers' liability insurance for the Executive during the Term of Employmentwhile employed, and for a six (6) year period following the Executive’s Date Termination of Termination Employment at a level equivalent to the most favorable and protective coverage for any active officer or director of the Company. The Company agrees to indemnify the Executive for any job-related liability to the fullest extent permitted under all applicable lawlaws, and its by-laws, and all other applicable indemnification agreements of the Company and any of its Subsidiaries.

Appears in 3 contracts

Samples: Employment Agreement (Wki Holding Co Inc), Employment Agreement (Wki Holding Co Inc), Employment Agreement (Wki Holding Co Inc)

Liability Insurance and Indemnification. The Company shall maintain --------------------------------------- directors' and officers' liability insurance for the Executive during the Term of Employmentwhile employed, and for a six (6) year period following the Executive’s Date Termination of Termination Employment at a level equivalent to the most favorable and protective coverage for any active officer or director of the Company. The Company agrees to indemnify the Executive for any job-related liability to the fullest extent permitted under all applicable lawlaws, and its by-laws, and all other applicable indemnification agreements of the Company and any of its Subsidiaries.

Appears in 2 contracts

Samples: Employment Agreement (Wki Holding Co Inc), Employment Agreement (Wki Holding Co Inc)

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Liability Insurance and Indemnification. The Company shall --------------------------------------- maintain directors' and officers' liability insurance for the Executive during the Term of Employmentwhile employed, and for a six (6) year period following the Executive’s Date Termination of Termination Employment at a level equivalent to the most favorable and protective coverage for any active officer or director of the Company. The Company agrees to indemnify the Executive for any job-related liability to the fullest extent permitted under applicable law, and its by-laws, and other applicable indemnification agreements of the Company.

Appears in 1 contract

Samples: Employment Agreement (Wki Holding Co Inc)

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