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excess of such Deductible, and such Deductible shall not be insured under this Policy. F. The Limit of Liability for the Extended Reporting Period, if applicable, shall be part of and not in addition to the LIMITS OF LIABILITY specified in the Policy Declarations. G. Claims based upon or arising out of the same Wrongful Act, interrelated Wrongful Acts, or a series of similar or related Wrongful Acts shall be considered a single Claim subject to one Claim Limit and shall be considered first made during the Policy Period or Extended Reporting Period, if applicable, in which the earliest Claim arising out of such Wrongful Act(s) was first made and all Loss from such Claims shall be subject to the one Limit of Liability that applies to such earliest Claim. H. The Limits of Liability of this Policy apply separately to each consecutive annual period and to any remaining period of less than twelve (12) months, starting with the beginning of the Policy Period shown in the Policy Declarations, unless the Policy Period is extended after issuance for an additional period of less than twelve (12) months. In that case, the additional period will be deemed part of the last preceding period for purposes of determining the Limits of Liability. VII. ADDITIONAL INSURED STATUS FOR PARENT ORGANIZATION The Parent Organization is named as an Additional Insured, but only as respects Claims arising out of any negligent act, error, omission or Personal Injury in rendering or failure to render Professional Services by any individual or entity of the Named Insured. VII1. SPOUSAL AND DOMESTIC PARTNER EXTENSION If a Claim against an Insured includes a Claim against the lawful spouse or Domestic Partner of such Insured, based solely on (a) such spouse's or Domestic Partner's status or (b) such spouse's or Domestic Partner's ownership interest in property or assets that are sought as recovery for Wrongful Acts, then any Loss which such spouse or Domestic Partner becomes legally obligated to pay on account of (a) or (b) above shall be deemed a Loss which the Insured becomes legally obligated to pay. All definitions, exclusions, terms and conditions of this Policy, including the Deductible, applicable to any Claim against or Loss sustained by such Insured shall also apply to this coverage extension. The extension of coverage afforded by this section, Section VHL, shall not apply to any Claim arising out of, resulting from, caused by directly or indirectly any Wrongful Act, error, omission, misstatement, SP (07-09) misleading statement or neglect or breach of duties by a spouse or Domestic Partner. IX. POLICY TERRITORY This policy shall extend to any Wrongful Act committed anywhere in the world provided the Claim is first made against the Insured within the United States of America, its territories or possessions, or Canada. X. EXTENDED REPORTING PERIOD A. If the Policy expires, is cancelled or non -renewed for any reason other than non payment of premium, the Named Insured shall have the right to purchase an Extended Reporting Period to report any Claim(s) first made against an Insured during the twelve (12) months, or twenty-four (24) months or thirty-six (36) months after the effective date of such expiration, cancellation or non -renewal (depending upon the Extended Reporting Period purchased). An Extended Reporting Period shall only apply to a Wrongful Act committed before the date of the Policy expiration, cancellation or non -renewal. For the purpose of this clause, any change in premium terms or terms on renewal shall not constitute a refusal to renew. B. The additional premium for the Extended Reporting Period shall be sixty-five percent (65%) of the annual premium set forth in the Policy Declarations for the twelve (12) month period; one hundred twenty-five percent (125%) of the annual premium set forth in the Policy Declarations for the twenty-four (24) month period; and one hundred ninety-five percent (195%) of the annual premium set forth in the Policy Declarations for the thirty-six (36) month period. The Extended Reporting Period begins on the expiration date or the effective date of cancellation or non -renewal of the Policy. The Named Insured must notify the Company in writing and must pay the additional premium due no later than thirty (30) days after the effective date of such expiration, cancellation or non - renewal. C. All premiums paid with respect to the Extended Reporting Period shall be deemed fully earned as of the first day of the Extended Reporting Period. D. The Limits of Liability available during the Extended Reporting Period shall not exceed the balance of the Limits of Liability available on the expiration date or effective date of the cancellation or non -renewal of the Policy. E. Coverage for Claim(s) first received and reported during the Extended Reporting Period shall be excess over any other valid and collectible insurance providing coverage for such Claim(s). XI. NOTICE/CLAIM REPO ,gym RWeMnuga�rDhielwt gy RenerM 6 MPRovm ar. R6k Management Anayn