FIDELITY BONDS definition

FIDELITY BONDS. The Board may require such officers, employees and agents of the Corporation as the Board deems advisable to furnish bonds for the faithful discharge of their powers and duties, in such form and with such surety as the Board may from time to time determine. SECTION SEVEN PROTECTION OF DIRECTORS, OFFICERS AND OTHERS
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FIDELITY BONDS. The School shall assure that the administrators of the School and each and every person who is responsible in any manner for handling or expending School funds or property shall be adequately bonded or insured at all times. The bond or insurance policy shall be with a surety company authorized to do business in Florida and shall be in the amount of no less than one hundred thousand dollars ($100,000) for each person performing the duties of chief administrative officer, chief executive officer, chief financial officer, president, headmaster, principal or director of the School and for each member of School's governing body and person employed by the School or its governing body who has authority to make purchases or contract for services which, in the aggregate, exceed six thousand dollars ($6,000). The bond or insurance policy shall be conditioned upon the proper safeguarding of all monies or property for which the person has supervision, custody or control.
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Examples of FIDELITY BONDS in a sentence

  • Information pertaining to (1) the need for bonding services in job placement, (2) bond package availability and purchase, (3) procedures for bond issuance and management, and the separate responsibilities of the purchasing organization and The ▇▇▇▇▇▇▇▇▇▇ Company, and (4) technical assistance provided to bond package purchasers by The ▇▇▇▇▇▇▇▇▇▇ Company, is provided in the Company’s published GUIDELINES ON THE PURCHASE & USE OF FIDELITY BONDS hereby incorporated into this Agreement by reference.

  • Information pertaining to (1) the need for bonding services in job placement, (2) bond package availability and purchase, (3) procedures for bond issuance and management, and the separate responsibilities of the purchasing organization and Union Insurance Group, Inc., and (4) technical assistance provided to bond package purchasers by Union Insurance Group, Inc., is provided in the Company’s published GUIDELINES ON THE PURCHASE & USE OF FIDELITY BONDS hereby incorporated into this Agreement by reference.

  • SCHEDULE 3.21 INSURANCE POLICIES AND FIDELITY BONDS DESCRIPTION DUE DILIGENCE ITEM ----------- --- -------------- Employer Services Corp.

  • SECTION 3.23 ERRORS AND OMISSIONS INSURANCE; FIDELITY BONDS...............

  • ERRORS AND OMISSIONS INSURANCE; FIDELITY BONDS....................................

Related to FIDELITY BONDS

  • Fidelity Bond A fidelity bond to be maintained by the Servicer pursuant to Section 4.12.

  • Surety Bonds means surety bonds obtained by the Borrower or any Restricted Subsidiary consistent with market practice and the indemnification or reimbursement obligations of the Borrower or such Restricted Subsidiary in connection therewith.

  • 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.

  • Surety Bond means a bond from a Bond company with a credit rating by AMBEST better than a “B”. The bonding company shall be certified to issue bonds in a state in which this Agreement is approved.

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