Common use of Officer and Director Liability Insurance Clause in Contracts

Officer and Director Liability Insurance. The Company shall, from time to time, make the good faith determination whether or not it is practicable for the Company

Appears in 4 contracts

Samples: Indemnification Agreement (Merchants Bancshares Inc /Tx/), Indemnification Agreement (Merchants Bancshares Inc /Tx/), Indemnification Agreement (Merchants Bancshares Inc /Tx/)

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Officer and Director Liability Insurance. The Company shall, from time ---------------------------------------- to time, make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses from wrongful acts, or to ensure the Company's performance of its indemnification obligations under this Agreement. Among other considerations, the Company will weigh the costs of obtaining such insurance coverage against the protection afforded by such coverage.

Appears in 1 contract

Samples: Indemnification Agreement (Asd Systems Inc)

Officer and Director Liability Insurance. The Company shall, from time to time, make the good faith determination whether or not it is practicable for the CompanyCompany to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors

Appears in 1 contract

Samples: Indemnification Agreement (3dfx Interactive Inc)

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Officer and Director Liability Insurance. The Company shall, from time to time, make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses from wrongful acts, or to ensure the Company's performance of its indemnification obligations under this Agreement. Among other considerations, the Company will weigh the costs of obtaining such insurance coverage against the protection afforded by such coverage.

Appears in 1 contract

Samples: Indemnification Agreement (Digital Commerce Corp)

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