Orange County NC Website
DocuSign Envelope ID:8B670D51-A7FD-4694-8E94-963553021305 <br /> MANAGEMENT LIABILITY COVERAGE - NON-PROFIT <br /> MANAGEMENT & PROFESSIONAL LIABILITY POLICY <br /> ADDITIONAL EXCLUSIONS <br /> The "insurance organization" shall not be liable to make any payment: <br /> Contractual Liability <br /> For "loss" related to any "claim" based upon, arising out of, attributable to, resulting directly or <br /> indirectly from the actual or alleged liability of an "insured" under any oral, written or implied contract <br /> or agreement, regardless of whether such liability is direct or assumed. Provided, however, this exclusion <br /> shall not apply to the portion of "loss," including "defense costs," related to liability the "insured" <br /> would have in the absence of the contract or agreement. <br /> Provided,however, this exclusion shall only apply to Entity Coverage. <br /> Fair Labor Standards Acts <br /> For "loss" related to any "claim" based upon, arising out of, attributable to, resulting directly or <br /> indirectly from the Fair Labor Standards Act (FLSA) (29 U.S.C. §201, et seq.), or any similar state or <br /> local laws. <br /> Greenmail <br /> For the portion of "loss" related to the actual or proposed payment by the "insured organization" of <br /> allegedly inadequate consideration in connection with the "insured organization's" purchase of securities <br /> issued by any organization or ownership interest in any organization. Provided, however, this exclusion <br /> shall not apply to "defense costs." <br /> Provided,however, this exclusion shall only apply to Entity Coverage. <br /> Intellectual Property <br /> For "loss" related to any "claim" based upon, arising out of, attributable to, resulting directly or <br /> indirectly from any actual or alleged infringement or violation of any intellectual property rights or laws, <br /> including, but not limited to, copyright, title, slogan, patent, service mark, service name, trade dress, <br /> trade name, trade secret, or trademark. <br /> Provided,however, this exclusion shall only apply to Entity Coverage. <br /> Other Wrongful Acts <br /> For the portion of "loss" related to a "wrongful fiduciary liability act" or a "wrongful employment <br /> practices liability act." <br /> MPL 0100 07 13 CUMIS Insurance Society, Inc. Page 5 of 7 <br />