Commercial Reasonableness. Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain D&O Insurance if the Company determines in good faith that such insurance is not reasonably available, the premium costs for such insurance are disproportionate to the amount of coverage provided, or the coverage is reduced by exclusions so as to provide an insufficient benefit.
Appears in 3 contracts
Samples: Grant Agreement (PDC Energy, Inc.), Performance Share Agreement (PDC Energy, Inc.), Resignation and Retirement Agreement (CSG Systems International Inc)
Commercial Reasonableness. Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain D&O Insurance if the Company determines in good faith that such insurance is not reasonably available, the premium costs for such insurance are disproportionate to the amount of coverage provided, or the coverage is reduced by exclusions so as to provide an insufficient benefitbenefit and D&O Insurance is in fact not provided for the other directors and officers of the Company.
Appears in 3 contracts
Samples: Separation Agreement (CSG Systems International Inc), Separation Agreement (CSG Systems International Inc), Separation Agreement (CSG Systems International Inc)
