Directors and Executives Indemnity Clause

DIRECTORS AND EXECUTIVES INDEMNITY CLAUSE #

It is hereby declared and agreed that the Company will treat as though he were the Insured any director/executive of the Insured whilst engaged in his capacity as such provided that:

1. such director/executive is not entitled to indemnity under any other Policy;
2. such director / executive shall observe fulfil and be subject to the terms, conditions and exceptions of this Policy insofar as they can apply.
3. if in respect of any claim or number of claims arising out of any one cause the Company shall be liable to indemnity both the Insured and the director/executive or directors/executives the aggregate amount of indemnity to all parties shall not exceed the Limit of Liability exclusive of costs and expenses incurred with the written consent of the Company.