Examples of Company D&O Policy in a sentence
All costs and expenses related to the Company D&O Policy, including the insurance premiums, shall be paid by the Company.
Any such Company D&O Policy shall provide coverage on terms (with respect to coverage and amount) that are substantially the same as (and no less favorable in the aggregate to the insured than) the coverage provided under the Company’s directors’ and officers’ liability insurance policies as of the date hereof.
For example, property tax rates (from the previous five years), proximity to neighboring markets (such as Sarnia), and proximity to amenities (such as schools, hospitals), and Community Questionnaire information should be made clear Responsibility EDO, website development committee Priority and timing Medium a medium term Cost and duration Minimal and on going As indicated in the Community Voices section, safety and security are priorities for the residents of Oil Springs.
After the Effective Time, Parent shall timely pay all premiums with respect to the Company D&O Policy.
The D&O Tail Policy shall be placed with an insurer with the same or better A.M. Best rating as the current carrier for the Company D&O Policy.
Other Conditions Precedent: Other conditions precedent satisfactory to Arco will have been satisfied, including: • accuracy of representations and warranties; • absence of bankruptcy events; • delivery of certificates of officers of Company; • delivery of financial and other reasonably requested information; and confirmation of Company D&O Policy coverage for the newly-elected Board members.
Prior to the Closing, the Company shall deliver to the Buyer evidence of the amount of all such costs, including a statement from the insurance carrier that such costs represent any and all costs due or to become due in connection with such Company D&O Policy.
Purchaser and Parent agree to continue to pay the premiums on the Company's current director and officer insurance policy (the "Company D&O Policy") through April 1, 2001 up to a maximum of $15,000 premium per year or to otherwise provide director and officer insurance coverage covering the same persons with substantially similar coverage as that provided by the Company D&O Policy.
Buyer shall cause the Company D&O Policy to be maintained in full force and effect for the term of such policy.