Settlement Program Notice definition

Settlement Program Notice means a prior written notice to the Insurer by the Company of its intent to enter into a Settlement Program that includes a detailed description of the Wrongful Act for which notice will be given under the Settlement Program.

Settlement Program Notice means a prior written notice to the Insurer by any Insured Entity of its intent to enter into a Settlement Program that includes a detailed description of the Wrongful Act for which notice will be given under the Settlement Program.

Settlement Program Notice means prior written notice to the Insurer by any Insured of the Insured’s intent to enter into a Settlement Program.

Examples of Settlement Program Notice in a sentence

• The Underwriter shall pay, on behalf of the Insureds, Settlement Fees and Defense Expenses with respect to a Settlement Program Notice first given to the Underwriter during the Policy Period or applicable Extended Reporting Period; provided, that such Settlement Fees and Defense Expenses are incurred after such Settlement Program Notice is first given to the Underwriter.

• If Settlement Program Coverage is granted in ITEM 3 of the Declarations, the Insurer shall pay Settlement Fees on behalf of the Insureds resulting from a Settlement Program for which a Settlement Program Notice is received by the Insurer during the Policy Period or Discovery Period, if applicable, for a Wrongful Act by the Insureds.

• The Insured will not enter into a Voluntary Settlement Program or incur any Voluntary Settlement Fees or Defense Expenses in connection with a Voluntary Settlement Program Notice without the Insurer’s prior written consent, such consent not to be unreasonably withheld.

• If an Insured elects to seek coverage for a Fiduciary Inquiry or a Voluntary Settlement Program Notice, the Insured shall give notice of such Fiduciary Inquiry or Voluntary Settlement Program Notice to the Underwriter no later than ninety (90) days after the expiration of the Policy Period or Extended Reporting Period, if exercised.

• Coverage B: Voluntary Settlement Program Coverage The Insurer shall pay Voluntary Compliance Loss of an Insured with respect to a Voluntary Settlement Program Notice first given to the Insurer during the Policy Period or the Extended Reporting Period, if applicable, provided that the Voluntary Compliance Loss is incurred after such Voluntary Settlement Program Notice first is given to the Insurer.

More Definitions of Settlement Program Notice

Settlement Program Notice means prior written notice to the Underwriter by an Insured of the Insured’s intent to enter into a Settlement Program.

Settlement Program Notice means prior written notice to the Underwriter by anInsured of the Insured’s intent to enter into a Settlement Program.

Settlement Program Notice means a prior written notice given to the Insurer indicating an Insured’s intent to enter into a Settlement Program during the Policy Period.

Settlement Program Notice means prior written notice to the Insurer by any Insured of the Insured’s intent to enter a

Settlement Program Notice means a prior written notice to the Company by the Insured evidencing theInsured’s intent to enter into a Settlement Program.

Settlement Program Notice means prior written notice to the Insurer by any Insured of such Insured'sintent to enter into a Settlement Program.

Settlement Program Notice means a written notice to us by the " insured" of the "insured's" intent to enter into a "settlement program".