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 (Critical Path Inc)

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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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Reimbursement of Expenses; D&O Insurance. The Company shall reimburse the General Atlantic Director Stockholders, or their respective designees, for all reasonable travel and accommodation expenses incurred by him the General Atlantic Director and the General Atlantic Observer in connection with the performance of his their duties as director a Director and as an observer of the Company upon presentation of appropriate documentation therefortherefor in accordance with the Company’s reimbursement policies applicable to the directors. The Company shall use commercially reasonable commercial efforts to, and each Stockholder shall use commercially reasonable efforts to cause the Board of Directors to cause the Company to, maintain a directors' liability insurance policy that is reasonably acceptable to the Board of Directorspolicy.

Appears in 1 contract

Samples: Investor Rights Agreement (Nymex Holdings Inc)

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