D&O Insurance Tail Policy definition

D&O Insurance Tail Policy means a policy for directors’ and officers’ liability insurance on terms comparable to those applicable to the current directors and officers of the Company and its Subsidiaries by means of purchasing a “tail” policy under the Company’s existing directors’ and officers’ insurance policy which has an effective term of six (6) years from the Effective Date and covers those persons who are currently covered by the Company’s directors’ and officers’ insurance policy in effect as of the date of this Agreement.
Sample 1
D&O Insurance Tail Policy. Section 5.8(c) “DGCL” Recitals
Sample 1

Examples of D&O Insurance Tail Policy in a sentence

  • The expected outcome will be improved urban water and sanitation services and management in Sri Lanka‟s northwestern dry zone.

  • Prior to the Effective Time, notwithstanding anything to the contrary set forth in the Merger Agreement, Fusion-io may purchase a six-year "tail" prepaid policy on the D&O Insurance ("Tail Policy") on terms and conditions no less favorable, in the aggregate, than the D&O Insurance and for an amount not to exceed 250% of the amount paid by Fusion-io for coverage for its last full fiscal year.

  • For avoidance of doubt, the purchase price of such D&O Insurance Tail Policy shall be paid out of the Company’s available cash prior to Closing.

  • Prior to the Effective Date, the Company shall purchase a D&O Insurance Tail Policy that is reasonably acceptable to the Buyer.

Related to D&O Insurance Tail Policy

  • D&O Tail Policy has the meaning set forth in Section 5.8(c).

  • D&O Insurance has the meaning set forth in Section 5.10(c).

  • Tail Policy has the meaning set forth in Section 6.18(b).

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Blanket insurance policy means a group policy covering a defined class of

  • D&O Policies has the meaning set forth in Section 8.06.

  • Insurance carrier means every insurance carrier duly

  • R&W Policy means those certain buyer-side representations and warranties insurance policies purchased by Buyer in connection with this Agreement.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Coverage means the types of persons to be eligible as the beneficiaries of the Scheme to health services provided under the Scheme, subject to the terms, conditions and limitations.

  • Insurance Consultant or "consultant" means a person who:

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Policy means Related Party Transaction Policy.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.