Directors and Officers Liability insurance shall be written with limits no less than $1,000,000 per claim and $1,000,000 policy aggregate limit.
Directors and Officers Liability. The Company shall keep in effect during and after the Period of Employment, a policy of directors' and officers' liability insurance for officers and directors of the Company at such reasonable amount of coverage as is agreed to by Executive and the Board from time to time and which insurance policy shall be on a claims-made basis.
Directors and Officers Liability. Insurance coverage written on a claims-made basis requires Contractor to purchase an Extended Reporting Period Endorsement, effective for twenty-four (24) months after the expiration or cancellation of the policy.
Directors and Officers Liability. Each Member shall carry and maintain Directors’ and Officers’ Liability insurance covering its own respective persons who are serving as officers, directors, Representatives or Management Committee members of a Series. Each Member shall also be responsible for insuring its respective Membership Interest in a Series for securities claims against such Series.
Directors and Officers Liability. A director or officer of the corporation shall not be personally liable to this corporation or its stockholders for damages for breach of fiduciary duty as a director or officer, but this Article shall not eliminate or limit the liability of a director or officer for (i) acts or omissions which involve intentional misconduct, fraud or a knowing violation of the law or (ii) the unlawful payment of dividends. Any repeal or modification of this Article by stockholders of the corporation shall be prospective only, and shall not adversely affect any limitation on the personal liability of a director or officer of the corporation for acts or omissions prior to such repeal or modification.
Directors and Officers Liability. The Executive shall benefit from cover under the Company’s policy on Directors’ and Officers’ Liability (including Outside Directors’ and Officers’ Liability) subject always to the policy and the rules of the policy from time to time in force.
Directors and Officers Liability. Xxxxxxx from any Insured acting as a director, secretary or officer of a body corporate other than a company referred to in paragraph (c) of the definition of 'Insured'.
Directors and Officers Liability. Insurance Unless otherwise agreed between the parties hereto, Gulf shall purchase and maintain, or cause to be purchased and maintained, while the Executive remains an officer of Gulf and for a period of 10 years thereafter, directors' and officers' errors and omissions insurance for the benefit of the Executive on terms no less favourable in terms of coverage, and amounts, to the extent available on reasonable commercial terms, than such insurance maintained in effect by the Corporation on the date hereof.
Directors and Officers Liability the Insured’s duties in acting as a director or officer of any company.
Directors and Officers Liability. The Executive shall benefit from cover under HSBC’s policy on Directors’ and Officers’ Liability (including Outside Directors’ and Officers’ Liability) subject always to the rules of the policy from time to time in force.
