Example ContractsClausesdirectors and officersVariants
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Directors and Officers Insurance. During the Employee’s term of employment and thereafter for # six (6) years after the Employee’s employment terminates, or # so long as the Company’s directors and officers liability insurance or indemnification policy remains in effect as renewed from time to time, whichever period is shorter, the Employee shall be entitled to coverage under the Company’s directors and officers liability insurance policy and any other insurance policy providing coverage to directors or officers of the Company, subject to the terms of such policies, in effect at any time in the future to no lesser extent than any other officers or directors of the Company.

Directors and Officers Insurance. During the Employee’s termFor a period of employment and thereafter for # six (6) years afterfollowing the Employee’date on which Indemnitee no longer serves as a director, officer or employee of the Company or any Subsidiary, and for such longer period, if any, for which Indemnitee may be subject to a Proceeding by reason of Indemnitee’s employment terminates,Corporate Status, the Company # shall maintain a policy or policies of insurance with one or more reputable insurance companies providing the Indemnitee with coverage in an amount not less than, and of a type and scope not materially less favorable to Indemnitee than, the directors’ and officers’ liability insurance coverage presently maintained by the Company, # so longshall pay on a timely basis all premiums on such insurance and # shall provide such notices and renewals in a complete and timely manner and take such other actions as may be required in order to keep such insurance in full force and effect. In all policies of director and officer liability insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s directorsofficers and officers liability insurance or indemnification policy remains in effect as renewed from time to time, whichever period is shorter, the Employee shall be entitled to coverage under the Company’s directors and officers liability insurance policy and any other insurance policy providing coverage to directors or officers of the Company, subject to the terms of such policies, in effect at any time in the future to no lesser extent than any other officers or directors of the Company.directors.

Directors7.11Directors’ and OfficersOfficers’ Liability Insurance. DuringThe Company agrees to maintain in effect throughout the Employee’s term of employment and thereafter for # six (6) years after the Employee’Executive’s employment terminates, or # so long aswith the Company’s directorsCompany and officersfor a period of two years thereafter, directorsand officers liability insurance or indemnification policy remains in effect as renewed from time to time, whichever period is shorter,policies for the Employee shall be entitled to coverage under the Company’s directors and officers liability insurance policy and any other insurance policy providing coverage to directors or officersbenefit of the Company, subject toExecutive in a form at least as comprehensive as, and in an amount that is at least equal to, that maintained by the terms ofCompany at such policies, in effect attime for any time in the future to no lesser extent than any other officersofficer or directorsdirector of the Company.

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