Outside Position means the position of director, officer, manager, trustee or other equivalent executive position held by an Insured Person in an Outside Entity if service in such position is with the knowledge and consent of, at the direction or request of, or part of the duties regularly assigned to the Insured Person by, the Company.

Outside Position means service by an Insured Person as a member of the board of directors, officer, member of the board of trustees, member of the board of managers, member of the board of regents, member of the board of governors or a functional equivalent thereof with an Outside Entity, but only during such time that such service is with the knowledge, consent, and at the specific request of the Insured Organization.

Outside Position means any natural person serving in the position of director, officer, manager, or trustee, or any functional equivalent position, in an Outside Entity, but only if service in such position is with the knowledge and consent of, at the direction or request of, or part of the duties regularly assigned to such natural person by the Insured Organization. Policy means, collectively, the Declarations, the Application, this coverage form, and any endorsement attached thereto.

Examples of Outside Position in a sentence

Extension - Outside Position Liability: Subject to all of their limitations, conditions, provisions and terms, Insuring Agreements A and B cover any insured person for claims first made against such insured person, in their capacity of serving in an outside position, during the policy period, the Automatic Reporting Period, or, if exercised, the Extended Reporting Period, for a management practices act taking place after the retroactive date, if any.
Any such coverage shall be specifically excess of any indemnity and any valid and collectible insurance available from or provided by the Outside Entity in which the Insured Person serves in the Outside Position.
In order to reduce this increased risk, a person serving in an Outside Position should refrain from involving one company in a business opportunity until the other company that first identified the business opportunity fully abandons the opportunity and has provided written confirmation of its intent to abandon such opportunity.
Liability of the Requesting CompanyThe person serving in an Outside Position is not the only one who may incur increased liability exposure as a result of the Outside Position service.
Outside Position  Yes  No If yes, please indicate: Name(s) of Lawyers with Position in Entity and what Position held: C.

More Definitions of Outside Position

Outside Position means service by an Insured Person as a director, officer, trustee, regent or governor of an Outside Entity, but only while such service is rendered at the specific request of the Entity or is part of the duties regularly assigned to the Insured Person by the Entity.

Outside Position means the position of director, officer, manager, trustee, volunteer or other equivalent position held by any director or officer in a non-profit entity not included in the definition of company; if service in such position is with the knowledge or consent of, at the direction or request of, or part of the duties regularly assigned to the director or officer by the company.

Outside Position. Means a position listed on the wage schedule entitled ‘Schedule A Outside’.

Outside Position means the role of director, officer, manager, trustee or other equivalent position held by any Insured Person in an Outside Entity.

Outside Position means the position of director, officer, trustee or other equivalent executive position held by any Director or Officer in an Outside Entity if service in such position is at the written request of the Organization or is part of the duties regularly assigned to the Director or Officer by the Organization.

Outside Position means a director or officer of any Outside Entity.

Outside Position means the position of director, officer, trustee or other equivalent executive position held by any Insured Individual in an Outside Entity if service in such position is at the specific request of the Policyholder.