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D&O Insurance
D&O Insurance contract clause examples

D&O Insurance. The Company shall maintain in full force and effect director’s and officer’s liability insurance to the extent that such insurance on commercially reasonable terms. Such insurance shall be in such form, and shall provide for such coverage and deductibles, as shall be commercially reasonable and standard for companies in businesses and circumstances similar to those of the Company. The parties agree and acknowledge that the Company’s current coverage limits are adequate and satisfactory.

The Company will maintain an insurance policy or policies providing directors’ and officers’ liability insurance, and each Director shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company’s directors or officers.

D&O Insurance. [[Organization A:Organization]] shall maintain an insurance policy or policies providing directors’ and officers’ liability insurance, comprehensive general liability insurance, and errors and omissions insurance, and [[Organization A:Organization]] Employee shall be covered by such policy or policies, in accordance with its or their terms, to [[Organization A:Organization]] maximum extent of [[Organization A:Organization]] coverage available for any officer of [[Organization A:Organization]].

Directors’ and Officers’ Insurance. The Company is to maintain directors’ and officers’ insurance in an amount determined by the Board to be reasonable.

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