Liability Insurance Indemnification. Throughout the term of this Agreement and any extension thereof, Employer shall provide Employee with officers and directors liability insurance average in an amount not less than $3,000,000. Failure of insurance to cover and act or omission for which Employer would otherwise have a duty to indemnify Employee under applicable law shall not relieve Employer of such duty to indemnify Employee.
Appears in 4 contracts
Samples: Employment Agreement (Protosource Corp), Employment Agreement (Protosource Corp), Employment Agreement (Protosource Corp)