D & O POLICY definition
D & O POLICY means any insurance policy in effect at any time on or before the Effective Date (and as such policy may be continued following the Effective Date) under which any Person carrying on an insurance business may be liable to satisfy, or to indemnify or reimburse for payments made to satisfy, part or all of a judgment rendered against, or a settlement made to resolve claims made against, or defense costs incurred by, the Debtors or any past, present or future director, officer, trustee or employee of the Debtors, including the policies issued to Accentia by XL Specialty Insurance Company (Policy Numbers ELU107905-08 and ELU107906-08) and Carolina Casualty Insurance Company (Policy Number 1853099).
D & O POLICY means any insurance agreement procured and owned by any of the Debtors under which any Person carrying on an insurance business may be liable to satisfy, or to indemnify or reimburse for payments made to satisfy, part or all of a judgment rendered against, or a settlement made to resolve claims made against, or defense costs incurred by, past, present or future directors and officers of the Debtors, specifically including the policy issued to U.S. Plastic Lumber Corp. by XL Specialty Insurance Company (Policy No. ELU086493-04).
D & O POLICY the meaning specified in SECTION 5.10.