Common use of Indemnification and Liability Insurance Clause in Contracts

Indemnification and Liability Insurance. Nothing herein is intended to limit Sabratek's indemnification of Employee, and Sabratek shall indemnify him to the fullest extent permitted by applicable law consistent with Sabratek's Certificate of Incorporation and By-Laws as in effect at the beginning of the Term, with respect to any action or failure to act on his part while he is an officer, director or employee of Sabratek. Sabratek shall cause Employee to be covered at all times by directors' and officers' liability insurance on terms no less favorable than the directors' and officers' liability insurance maintained by Sabratek in effect on the date hereof in terms of coverage and amounts. Sabratek shall continue to indemnify Employee as provided above and maintain such liability insurance coverage for him after the Term for any claims that may be made against him with respect to his service as a director or officer of Sabratek.

Appears in 11 contracts

Samples: Employment Agreement (Sabratek Corp), Employment Agreement (Sabratek Corp), Employment Agreement (Sabratek Corp)

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Indemnification and Liability Insurance. Nothing herein is intended to limit Sabratek's indemnification of EmployeePaddx, and xxd Sabratek shall indemnify him to the fullest extent permitted by applicable law consistent with Sabratek's Certificate of Incorporation and By-Laws as in effect at the beginning of the Term, with respect to any action or failure to act on his part while he is an officer, director or employee of Sabratek. Sabratek shall cause Employee to Paddx xx be covered at all times by directors' and officers' liability insurance on terms no less favorable than the directors' and officers' liability insurance maintained by Sabratek in effect on the date hereof in terms of coverage and amounts. Sabratek shall continue to indemnify Employee as Paddx xx provided above and maintain such liability insurance coverage for him after the Term for any claims that may be made against him with respect to his service as a director or officer of Sabratek.

Appears in 2 contracts

Samples: Employment Agreement (Sabratek Corp), Employment Agreement (Sabratek Corp)

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