Examples of D&O Insurers in a sentence
If and when agreement is reached between SIHPL and SIHNV (on the one hand) and the D&O Insurers and/or the former directors and officers concerned (on the other hand), this Proposal will be supplemented with an addendum, setting out the relevant terms agreed, the related potential benefits thereof to SIHPL, SIHNV and Scheme Creditors, and the mechanisms to be employed for this purpose.
This provision provides for available community treatment when appropriate.
On December 8, 2010, after considerable negotiation, the plaintiffs in the Securities Actions, the Individual Defendants, and the D&O Insurers executed a Memorandum of Understanding reflecting an agreement in principle to settle claims in the Consolidated Class Action and Tolin Action against the Debtor, the Individual Defendants, and their related parties (the “MOU”).
The Stipulation of Settlement further provides that, pursuant to the Insurer Agreement, the D&O Insurers shall be required to pay the amount of $24,600,000 to the Settlement Class, see Stipulation of Settlement ¶ 8(a).
The Supervisory Board and the Management Board, each independently from one another, obtained external legal advice on the legal coverage situation and the trial risks of a legal dispute with the D&O Insurers.