Common use of Directors’ and Officers’ Insurance and Indemnification Clause in Contracts

Directors’ and Officers’ Insurance and Indemnification. The Company shall maintain insurance to insure the Executive against any claim arising out of an alleged wrongful act by the Executive while acting as a director or officer of the Company. The Company shall further indemnify and exculpate from money damages the Executive to the fullest extent permitted under applicable law.

Directors’ and Officers’ Insurance and Indemnification. The Company shall maintain insurance to insure the Executive against any claim claims arising out of an alleged wrongful act by the Executive while acting as a director or officer of the CompanyCompany or one of its subsidiaries. The Company shall further indemnify and exculpate the Executive from money damages incurred as a result of claims arising out of an alleged wrongful act by the Executive while acting as an officer, director or employee of the Company, or one of its subsidiaries, to the fullest extent permitted under applicable law.

Directors’ and Officers’ Insurance and Indemnification. The Company shall maintain insurance to insure the Executive against any claim arising out of an alleged wrongful act by the Executive while acting as a director or officer of the Company in an amount deemed reasonable by the Company, PROVIDED that the amount of such occurrence-based policy of insurance shall at no time be lower than that in effect on the date of this Agreement. The Company shall further indemnify and exculpate from money damages the Executive to the fullest extent permitted under applicable law.

Directors’ and Officers’ Insurance and Indemnification. The Company shall maintain insurance to insure the Executive against any claim claims arising out of an alleged wrongful act by the Executive while acting in good faith as a director or an officer of the CompanyCompany or one of its subsidiaries. The Company shall further indemnify and exculpate the Executive from money damages incurred as a result of claims arising out of an alleged wrongful act by the Executive while acting in good faith as an officer or employee of the Company, or of its subsidiaries, to the fullest extent permitted under applicable law.

Directors’ and Officers’ Insurance and Indemnification. The Company shall maintain insurance to insure the Executive against any claim claims arising out of an alleged wrongful act by the Executive while acting as a director or officer of the CompanyCompany or one of its subsidiaries. The Company shall further indemnify and exculpate the Executive from money damages incurred as a result of claims arising out of an alleged wrongful act by the Executive while acting as an officer, director or employee of the Company, or of its subsidiaries, to the fullest extent permitted under applicable law, subject to any indemnification agreement entered into between the company and the Executive.