Common use of Offset of Insurance Proceeds Clause in Contracts

Offset of Insurance Proceeds. State Auto shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable under this Agreement if and to the extent that the Executive Officer has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

Appears in 5 contracts

Samples: Officer Indemnification Agreement (State Auto Financial CORP), Officer Indemnification Agreement (State Auto Financial CORP), Officer Indemnification Agreement (State Auto Financial CORP)

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Offset of Insurance Proceeds. State Auto shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable under this Agreement if and to the extent that the Executive Officer Director has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

Appears in 4 contracts

Samples: Indemnification Agreement (State Auto Financial CORP), Indemnification Agreement (State Auto Financial CORP), Indemnification Agreement (State Auto Financial CORP)

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