Outside Entity Executive definition

Outside Entity Executive means: (1) any Executive of an Organization or other natural person indemnified by the Organization, who is, was, or will be acting at the specific request or direction of such Organization as an Executive, board observer or other position or capacity of: (i) a not-for-profit entity; or (ii) an Outside Entity that is a Portfolio Entity; or (2) any other person listed as an Outside Entity Executive in an endorsement attached to this policy.

Outside Entity Executive means any Executive of a Company serving in the capacity as director, officer, trustee, trustee emeritus or governor of an Outside Entity, but only if such service is at the specific request or direction of a Company. In the event of a disagreement between a Company and an individual as to whether such individual was acting at the specific request or direction of such Company, this Coverage Section shall abide by the determination of the Named Insured on this issue and such determination shall be made by written notice to the Insurer within 90 days after the Claim first is reported to the Insurer pursuant to the terms of the policy. In the event no determination is made within such period, this Coverage Section shall apply as if the Named Insured determined that such Executive was not acting at such Company’s specific request or direction.

Outside Entity Executive means any: (1) Executive of an Organization who is or was acting at the specific written request or direction of an Organization as an Executive of an Outside Entity; or (2) any other person listed as an Outside Entity Executive in an endorsement attached to this policy.

Examples of Outside Entity Executive in a sentence

• For any Claim involving an Outside Entity Executive, this policy shall be specifically excess of any indemnification by the Outside Entity and any insurance coverage afforded to any such Outside Entity Executive or Outside Entity.

• Coverage A shall not apply to Loss arising from a Claim made against an Outside Entity Executive.

• The Insurer shall pay the Loss of an Organization arising from a Claim first made during the Policy Period (or Discovery Period, if applicable) against an Insured Person (including an Outside Entity Executive) for any Wrongful Act of such Insured Person, but only if the Organization has indemnified the Insured Person for such Loss.

• This policy shall pay the Loss of any Outside Entity Executive arising from a Claim made against such Outside Entity Executive for any Wrongful Act of such Outside Entity Executive but only excess of any indemnification provided by an Outside Entity and any insurance coverage afforded to an Outside Entity or its Executives applicable to such Claim, except when and to the extent that an Organization has indemnified such Outside Entity Executive.

• This policy shall pay the Loss of an Organization arising from a Claim made against an Insured Person (including an Outside Entity Executive) for any Wrongful Act of such Insured Person, but only to the extent that such Organization has indemnified such Insured Person.

More Definitions of Outside Entity Executive

Outside Entity Executive means any Director or Officer or any Employee of the Company who: (1) did or will serve or act; or (2) during the Period of Insurance is serving or acting, in the capacity as a Director or Officer (or equivalent executive or management position) of an Outside Entity at the Company’s specific direction and request.

Outside Entity Executive means a natural person who is an employee, director or officer of the policyholder, who serves at the specific request of the policyholder as a director, officer, trustee, governor or equivalent of an outside entity.

Outside Entity Executive means any Executive of the Company serving in the capacity as

Outside Entity Executive means any: (1) Director(s) or Officer(s) of the Company who is or was acting at the specific written request or direction of the Company as a Director(s) or Officer(s) of an Outside Entity; or (2) any other person listed as an Outside Entity Executive in an endorsement attached to this policy.

Outside Entity Executive means: (i) any Executive of an Organization serving in the capacity as director, officer, trustee, trustee emeritus or governor of an Outside Entity, but only if such service is at the specific request or direction of an Organization; or (ii) any other person listed as an Outside Entity Executive in an endorsement to this EPLI Coverage Part. It is understood and agreed that, in the event of a disagreement between an Organization and an individual as to whether such individual was acting at the specific request or direction of such Organization, this EPLI Coverage Part shall abide by the determination of the Named Organization on this issue and such determination shall be made by written notice to the Insurer within ninety (90) days after the Claim is first reported to the Insurer pursuant to the terms of the Policy. In the event no determination is made within such period, this EPLI Coverage Part shall apply as if the Named Organization determined that such Individual Insured was not acting at such Organization’s specific request or direction.

Outside Entity Executive means any: (1) executive of a company who is, was or will be acting at the specific request or direction of a company as (1) an executive of an outside entity;(2) an executive of a not-for-profit entity; (3) a board observer of an outside entity; or (4) other person listed as an outside entity executive in an endorsement attached to this policy.

Outside Entity Executive means any Executive of a Fund Organization serving in the capacity as director, officer, trustee, trustee emeritus or governor of an Outside Entity, but only if such service is at the specific request or direction of a Fund Organization or Fund Manager. In the event of a disagreement between a Fund Organization or Fund Manager and an individual as to whether such individual was acting at the specific request or direction of such Fund Organization or Fund Manager, this Coverage Section shall abide by the determination of the Named Insured on this issue and such determination shall be made by written notice to the Insurer within 90 days after the Claim first is reportedto the Insurer pursuant to the terms of the policy. In the event no determination is made within such period, this Coverage Section shall apply as if the Named Insured determined that such Executive was not acting at such Fund Organization or Fund Manager’s specific request or direction.