Common use of INDEMNITY: LIABILITY INSURANCE Clause in Contracts

INDEMNITY: LIABILITY INSURANCE. The College will maintain liability insurance during the term of this Agreement, to fully indemnify faculty members to a maximum of $10,000,000 against judgments arising out of actions brought against faculty members acting in the normal course of their employment with the College. The College further agrees to retain counsel to defend the faculty member in any such action and to pay the legal costs and necessary disbursements associated with the defence. The College agrees to inform the Association of any changes in the coverage. The College further agrees that no reductions will be made by the College in the policy's terms and fiscal limits without prior agreement of the Association. The policy referred to is that policy transmitted by letter dated February 8, 1982 to the Association.

INDEMNITY: LIABILITY INSURANCE. ‌ The College will maintain liability insurance during the term of this Agreement, to fully indemnify faculty members to a maximum of $10,000,000 against judgments arising out of actions brought against faculty members acting in the normal course of their employment with the College. The College further agrees to retain counsel to defend the faculty member in any such action and to pay the legal costs and necessary disbursements associated with the defence. The College agrees to inform the Association of any changes in the coverage. The College further agrees that no reductions will be made by the College in the policy's terms and fiscal limits without prior agreement of the Association. The policy referred to is that policy transmitted by letter dated February 8, 1982 to the Association.

INDEMNITY: LIABILITY INSURANCE. The College will maintain liability insurance during the term of this Agreement, to fully indemnify faculty members to a maximum of $10,000,000 against judgments arising out of actions brought against faculty members acting in the normal course of their employment with the College. The College further agrees to retain counsel to defend the faculty member in any such action and to pay the legal costs and necessary disbursements associated with the defence. The College agrees to inform the Association of any changes in the coverage. The College further agrees that no reductions will be made by the College in the policy's terms and fiscal limits without prior agreement of the Association. The policy referred to is that policy transmitted by letter dated February 8, 1982 1982, to the Association.