Common use of Maintenance of Liability Insurance Clause in Contracts

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts as the Board of Directors shall determine from established and reputable insurers, but no less than the amounts in effect upon initial procurement of the D&O Insurance. In all policies of D&O Insurance, Indemnitee shall be named as an insured.

Appears in 8 contracts

Samples: Employment and Non Competition Agreement (Pioneer Power Solutions, Inc.), Indemnification Agreement (Pioneer Power Solutions, Inc.), Employment and Non Competition Agreement (Pioneer Power Solutions, Inc.)

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Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts as the Board of Directors shall determine from established and reputable insurers, but . In no event shall the terms of such D&O Insurance be less favorable to Indemnitee than the amounts in effect upon initial procurement of terms generally applicable to the D&O Insurance. In all policies of D&O Insurance, Indemnitee shall be named as an insuredCompany’s executive officers generally.

Appears in 4 contracts

Samples: Indemnification Agreement (United Rentals North America Inc), Indemnification Agreement (United Rentals North America Inc), Indemnification Agreement (United Rentals Inc /De)

Maintenance of Liability Insurance. (a) The a)The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") ”), in reasonable amounts as the Board of Directors shall determine from established and reputable insurersinsurers with an AM Best rating of X.XX or better, but no less than the amounts in effect upon initial procurement of the D&O Insurance. In all policies of D&O Insurance, Indemnitee shall be named as an insured.

Appears in 3 contracts

Samples: Indemnification Agreement (Skywest Inc), Indemnification Agreement (Skywest Inc), Indemnification Agreement (Skywest Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts as the Board of Directors shall determine from established and reputable insurers, but . In no event shall the terms of such D&O Insurance be less favorable to Indemnitee than the amounts in effect upon initial procurement of terms generally applicable to the D&O Insurance. In all policies of D&O Insurance, Indemnitee shall be named as an insuredCompany’s executive officers and directors generally.

Appears in 2 contracts

Samples: Indemnification Agreement (United Rentals Inc /De), Indemnification Agreement (United Rentals North America Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") ), in reasonable amounts as the Board of Directors shall determine from established and reputable insurersinsurers with an AM Best rating of X.XX or better, but no less than the amounts in effect upon initial procurement of the D&O Insurance. In all policies of D&O Insurance, Indemnitee shall be named as an insured.

Appears in 1 contract

Samples: Indemnification Agreement (Skywest Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") ”), in reasonable amounts as the Board of Directors shall determine from established and reputable insurersinsurers with an AM Best rating of X.XX or better, but no less than the amounts in effect upon initial procurement of the D&O Insurance. In all policies of D&O Insurance, Indemnitee shall be named as an insured.

Appears in 1 contract

Samples: Indemnification Agreement (Skywest Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts as the Board of Directors shall determine from established and reputable insurers, but no less than the amounts in effect upon initial procurement of the D&O Insurance. In all policies of D&O Insurance, Indemnitee shall be named as an insured.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Pioneer Power Solutions, Inc.)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts as the Board of Directors shall determine from established and reputable insurers, but . In no event shall the terms of such D&O Insurance be less favorable to Indemnitee than the amounts in effect upon initial procurement of terms generally applicable to the D&O Insurance. In all policies of D&O Insurance, Indemnitee shall be named as an insuredCompany’s executive officers and directors generally.

Appears in 1 contract

Samples: Indemnification Agreement (United Rentals North America Inc)

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Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts as the Board of Directors shall determine from established and reputable insurers, but . In no event shall the terms of such D&O Insurance be less favorable to Indemnitee than the amounts terms generally applicable to the Company’s executive officers [and directors]1 generally. 1 Omitted in effect upon initial procurement of the D&O Insurance. In all policies of D&O Insurance, Indemnitee shall be named as an insuredcertain agreements.

Appears in 1 contract

Samples: Indemnification Agreement (United Rentals Inc /De)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts as the Board of Directors shall determine from established and reputable insurers, but . In no event shall the terms of such D&O Insurance be less favorable to Indemnitee than the amounts in effect upon initial procurement of terms generally applicable to the D&O Insurance. In all policies of D&O Insurance, Indemnitee shall be named as an insuredCompany’s executive officers generally.

Appears in 1 contract

Samples: Indemnification Agreement (United Rentals Inc /De)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), that the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts as the Board of Directors shall determine from established and reputable insurers, but which D&O Insurance shall in no event be on terms less favorable than the amounts in effect upon initial procurement those of the D&O Insurance. In all policies current policy, a copy of D&O Insurance, Indemnitee shall be named as an insuredwhich has been provided to the Indemnitee.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Data Systems & Software Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts as the Board of Directors shall determine from established and reputable insurers, but no less than the amounts in effect upon initial procurement of the D&O Insurance. In all policies of D&O Insurance, Indemnitee shall be named as an insured.

Appears in 1 contract

Samples: Indemnification Agreement (Uniview Technologies Corp)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts as the Board of Directors shall determine from established and reputable insurers, but no less than the amounts in effect upon initial procurement of the D&O Insurance. In all policies of D&O Insurance, Indemnitee shall be named as an insured.

Appears in 1 contract

Samples: Indemnification Agreement (Nextcard Inc)

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