Common use of Director and Officer Insurance Clause in Contracts

Director and Officer Insurance. The Company shall use its best ------------------------------ efforts to obtain and maintain director's and officer's insurance for the Executive (in such amounts as are appropriate for executives of businesses comparable to that of the Company) pursuant to Board of Directors indemnity agreements then in force and shall give timely notice to the Executive of termination of any such insurance policy.

Appears in 5 contracts

Samples: Employment Agreement (Smartalk Teleservices Inc), Employment Agreement (Smartalk Teleservices Inc), Employment Agreement (Smartalk Teleservices Inc)

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Director and Officer Insurance. The Company shall use its best efforts ------------------------------ efforts to obtain and maintain director's and officer's insurance for the Executive (in such amounts as are appropriate for executives of businesses comparable to that of the Company) pursuant to Board of Directors indemnity agreements then in force and shall give timely notice to the Executive of termination of any such insurance policy.

Appears in 1 contract

Samples: Employment Agreement (Smartalk Teleservices Inc)

Director and Officer Insurance. The Company shall use its best ------------------------------ efforts to obtain and maintain director's and officer's insurance for the Executive (in such amounts as are appropriate for executives of businesses comparable to that of the Company) pursuant to Board of Directors indemnity agreements then in force and shall give timely notice to the Executive of termination of any such insurance policy.

Appears in 1 contract

Samples: Employment Agreement (Smartalk Teleservices Inc)

Director and Officer Insurance. The Company shall use its ------------------------------ best ------------------------------ efforts to obtain and maintain director's and officer's insurance for the Executive (in such amounts as are appropriate for executives of businesses comparable to that of the Company) pursuant to Board of Directors indemnity agreements then in force and shall give timely notice to the Executive of termination of any such insurance policy.

Appears in 1 contract

Samples: Employment Agreement (Smartalk Teleservices Inc)

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Director and Officer Insurance. The Company shall use its best ------------------------------ efforts to obtain and maintain director's and officer's insurance for the Executive (in such amounts as are appropriate for executives of businesses comparable to that of the Company) pursuant to Board of Directors indemnity agreements then in force and shall give (and shall require the insurance carrier to give) timely notice to the Executive of termination of any such insurance policy.

Appears in 1 contract

Samples: Employment Agreement (Smartalk Teleservices Inc)

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