Outside Entity Executive definition
Examples of Outside Entity Executive in a sentence
The Insurer shall pay the Loss of an Organization arising from a Claim first made during the Policy Period (or Discovery Period, if applicable) against an Insured Person (including an Outside Entity Executive) for any Wrongful Act of such Insured Person, but only if the Organization has indemnified the Insured Person for such Loss.
Coverage A shall not apply to Loss arising from a Claim made against an Outside Entity Executive.
Outside Entity Executive means an Executive of the Insured Entity who is or was acting as a member of the board of directors, board of trustees, board of managers, or functional equivalent thereof, in any Not-For-Profit Outside Entity, provided and so long as such service is at the specific request, consent or direction of the Insured Entity.
The Insurer shall pay the Loss of an Outside Entity Executive arising from a Claim first made during the Policy Period (or Discovery Period, if applicable) against such Outside Entity Executive, for any Wrongful Act of such Outside Entity Executive.
SPECIMEN In connection with any covered Claim made against an Outside Entity Executive, a leased employee, or an independent contractor, and subject to all other terms and conditions herein, this policy shall apply specifically excess of any indemnification and any other insurance coverage available to an Outside Entity Executive, a leased employee or an independent contractor.
This policy shall pay the Loss of an Organization or a General Partner arising from a Claim made against an Insured Person (including an Outside Entity Executive), a General Partner or an Investment Advisor for any Wrongful Act of such Insured, taking place following the retroactive date, but only when and to the extent that such Organization or General Partner has indemnified such Insured Person, General Partner or Investment Advisor for such Loss.
In addition to the foregoing, the coverage as is afforded by this policy for a Claim against an Insured arising out of his or her service as an Outside Entity Executive of an Outside Entity as defined in Definition (x)(4) or (x)(5) shall also be specifically excess of any indemnification provided by an Organization.
This policy shall pay the Loss of any Outside Entity Executive arising from a Claim made against such Outside Entity Executive for any Wrongful Act of such Outside Entity Executive taking place following the retroactive date, but only excess of any indemnification provided by an Outside Entity and any insurance coverage afforded to an Outside Entity or its Executives applicable to such Claim, except when and to the extent that an Organization has indemnified such Outside Entity Executive.
For any Claim involving an Outside Entity Executive, this policy shall be specifically excess of any indemnification by the Outside Entity and any insurance coverage afforded to any such Outside Entity Executive or Outside Entity.
This policy shall pay the Loss of an Organization or a General Partner arising from a Claim made against an Insured Person (including an Outside Entity Executive), a General Partner or an Investment Advisor for any Wrongful Act of such Insured, but only when and to the extent that such Organization or General Partner has indemnified such Insured Person, General Partner or Investment Advisor for such Loss.