Common use of Errors and Omissions Insurance Clause in Contracts

Errors and Omissions Insurance. The Company agrees to secure at its own cost and expense errors and omissions insurance, or similar forms of insurance, it determines to be satisfactory to protect against foreseeable risks, errors and omissions in Advisor performing as a director of the Board of Directors of a publicly-traded corporation. The Company agrees to notify Advisor in writing of the securing of such a policy(ies) upon receipt of the same, and shall produce to Advisor within a reasonable period of time the applicable declaration page(s).

Errors and Omissions Insurance. The Company agrees to secure at its own cost and expense errors and omissions insurance, or similar forms of insurance, it determines to be satisfactory to protect against foreseeable risks, errors and omissions in Advisor Director performing as a director of the Board of Directors of a publicly-traded corporationDirectors. The Company agrees to notify Advisor Director in writing of the securing of such a policy(ies) upon receipt of the same, and shall produce to Advisor Director within a reasonable period of time the applicable declaration page(s).