Common use of Reimbursement of Expenses; D&O Insurance Clause in Contracts

Reimbursement of Expenses; D&O Insurance. The Company shall reimburse the General Atlantic Director for all reasonable travel and accommodation expenses incurred by him in connection with the performance of his duties as director of the Company upon presentation of appropriate documentation therefor. The Company shall use reasonable commercial efforts to maintain a directors' liability insurance policy that is reasonably acceptable to the Board of Directors.

Appears in 4 contracts

Samples: Stockholders Agreement (Critical Path Inc), Stockholders Agreement (Critical Path Inc), Stockholders Agreement (Vectis Cp Holdings LLC)

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Reimbursement of Expenses; D&O Insurance. The Company ---------------------------------------- shall reimburse the General Atlantic Director for all reasonable travel and accommodation expenses incurred by him in connection with the performance of his duties as director of the Company upon presentation of appropriate documentation therefor. The Company shall use reasonable commercial efforts to maintain a directors' liability insurance policy that is reasonably acceptable to the Board of Directors.

Appears in 1 contract

Samples: Stockholders Agreement (Critical Path Inc)

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