5-2 承保範圍及不保事項 - ACE Group

this exclusion shall not apply to Defence Costs.ACE elite III Directors & Officers Liability Insurance PolicyE121 Outside Directorship Extension - Additional Entities On Named BasisBy way of endorsement to the policy, the parties agree as follows (subject otherwise to all other terms,conditions, limits of liability and exclusions of the policy):Cover under this policy shall be extended in accordance with the provisions of Extension 7.5 in respect ofthe following company with effect from [insert date]:1. [Insert entities name]Cover under this Extension shall be excess of the Directors & Officers Liability Insurance of [Insertentities name] and its Limit of Liability must be maintained at US$[insert amount] minimum.This Extension will only respond in so far as Loss is covered under the Directors & Officers LiabilityInsurance of [Insert entities name] and only to the extent that the amount of such Loss is in excess ofthe amount payable under the said Policy.In all other respects this policy remains unaltered.ACE elite III Directors & Officers Liability Insurance PolicyE125 SOX Interpretation Counsel Costs CoverBy way of endorsement to the policy, the parties agree as follows (subject otherwise to all other terms,conditions, limits of liability and exclusions of the policy):The following clause is added to 7. Extensions:7.12 The Insurer will pay to or on behalf of an Insured any reasonable legal fees or costs and expensesincurred by a Director or Officer not residing in the United States of America with the prior written consentof the Insurer (which shall not be unreasonably delayed or withheld) in the jurisdiction of such Director orOfficer’s residence to interpret and apply advice in response to any Sarbanes-Oxley Act of 2002 relatedClaim.The sub-limit of liability under this Extension is subject to the sub-limit of US$[insert amount]. Thissub-limit is part of and not in addition to the Limit of Liability in Item 3 of the Schedule.In all other respects this policy remains unaltered.ACE elite III Directors & Officers Liability Insurance PolicyE126 Termination Endorsement-proportionalBy way of endorsement to the policy, the parties agree as follows (subject otherwise to all other terms,conditions, limits of liability and exclusions of the policy):8. Termination8.1 This policy may be terminated as follows:(i) by the Insurer for non payment of premium;(ii) by the first named company shown in Item 1 of the Schedule upon receipt by the Insurer ofwritten notice. If there are no Claims, Investigations or circumstances notified to the Insurer262