Common use of Sureties and Bonds Clause in Contracts

Sureties and Bonds. In case the Board of Directors shall so require any officer, employee or agent of the Corporation shall execute to the Corporation a bond in such sum, and with such surety or sureties as the Board of Directors may direct, conditioned upon the faithful performance of his/her duties to the Corporation, including responsibility for negligence for the accounting for' all property, funds or securities of the Corporation which may come into his/her hands.

Sureties and Bonds. In case the Board of Directors shall so require require, any officer, employee or agent of the Corporation shall execute to the Corporation a bond in such sum, and with such surety or sureties as the Board of Directors may direct, conditioned upon the faithful performance of his/her his duties to the Corporation, including responsibility for negligence and for the accounting for' for all property, funds or securities of the Corporation which may come into his/her his hands.