D&O Insurance Policy. During the term under this Agreement, the Company shall include you as an insured under its officers and directors insurance policy, if available.
D&O Insurance Policy. Within 30 business days of the Effective Date the Company shall obtain and execute a directors’ and officers’ liability insurance policy for the directors and officers of the Company with coverage and deductibles as determined by the Company, after good faith consultation with Director.
D&O Insurance Policy. On or before six (6) month anniversary after the Closing Date, the Company agrees to use its best efforts to obtain an insurance policy coverage for the Company’s officers and directors with reputable insurers in the amount of such insurance coverage of at least $2,000,000 and to include the Placement Agent as an additional insured party to the directors and officers insurance coverage.
D&O Insurance Policy. Prior to the Effective Date of this Agreement, the Company will maintain directors and officers liability insurance in a commercially reasonable amount.
D&O Insurance Policy. Prior to the Closing Date, the Company shall obtain a fully-paid irrevocable “tail” insurance policy naming each Person who is now, or has been at any time prior to the date of this Agreement or who becomes prior to the Closing Date, a director or officer of the Company as direct beneficiaries with a claims period of at least six (6) years from the Closing from the Company’s existing insurance carrier, or a reasonably equivalent alternative insurance carrier with a credit rating as good as or better than that which is held by the Company’s existing insurance carrier, with respect to directors’ liability insurance in an amount and scope at least as favorable as the Company’s existing policies with respect to matters existing or occurring at or prior to the Closing.
D&O Insurance Policy. You shall be included as an insured under such directors’ and officers’ liability insurance (the “D&O Insurance”) that the Company, at its sole discretion, maintains in an amount in coverage and with a carrier as determined in the Board’s discretion; provided, however, that the foregoing shall not be construed as obligating the Company to maintain any directors’ and officers’ liability insurance.
D&O Insurance Policy. The Company shall secure a reasonably suitable to the business and protection of the Company, Director's and Officer's a Director's and Officer's Insurance Policy within the first 30 days from the Commencement Date of this Agreement. The Executive shall be fully covered and named as an additional insured in said policy.
D&O Insurance Policy. The parties hereto agree that any rights you may have under any director and officer insurance policy and indemnification agreements maintained by the Company will continue in full force and effect until the termination of your employment (including at the conclusion of any Garden Leave).
D&O Insurance Policy. The Group shall purchase and obtain directors and officers insurance policy covering the directors and officers of the Company in an amount of not less than US$20,000,000 within three months following the Closing (but in no event later than the date of Qualified IPO).
D&O Insurance Policy. The shareholders of the Company have approved the purchase of a D&O insurance policy in terms that are substantially similar to the terms in effect on the date hereof.
