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NOT -FOR -PROFIT ORGANIZATION LIABILITY POLICY <br />INCLUDING <br />EMPLOYMENT PRACTICES LIABILITY COVERAGE <br />NOTICE: THIS IS A CLAIMS -MADE POLICY. THIS POLICY, SUBJECT TO ITS TERMS, APPLIES <br />ONLY TO CLAIMS FIRST MADE DURING THE POLICY PERIOD OR ANY EXTENDED <br />REPORTING PERIOD THAT MAY APPLY. <br />The Insurer and the Insureds, subject to all of the terms of this Policy, agree as follows: <br />INSURING CLAUSE <br />A. The Insurer will pay on behalf of the Insureds Loss and Defense Costs resulting from <br />any Claim first made against any of them during the Policy Period or Extended <br />Reporting Period, if applicable, including any Claim for Personal Injury, Discrimination <br />Against a Third Party or a Wrongful Employment Practice. <br />B. The Insurer has the right and duty to defend any Claim to which this insurance applies, <br />even if the allegations of the Claim are groundless, false or fraudulent. <br />In addition to the Limit of Liability, the Insurer will pay Defense Costs resulting from any <br />Claim to which this insurance applies. The Insurer is not obligated to defend any Claim <br />or to pay Loss or Defense Costs after the Limit of Liability has been exhausted by <br />payment of Loss. <br />II. DEFINITIONS <br />A. "Application" means: <br />(1) the application for this Policy, a copy of which is attached hereto; and <br />(2) the application(s), including any material submitted therewith for all previous <br />policies issued by the Insurer or its affiliates providing continuous coverage until <br />the Effective Date of this Policy together with any material submitted with the <br />application for this Policy, all of which will be retained on file and deemed <br />attached to this Policy as if physically attached hereto. <br />B. "Claim" means: <br />(1) any written demand received by any Insured seeking money or other relief for a <br />Wrongful Act; or <br />(2) notice of any judicial or administrative proceeding received by any Insured <br />seeking to hold such Insured responsible for a Wrongful Act, including any <br />appeal therefrom. <br />C. "Defense Costs" means reasonable and necessary legal fees and expenses incurred <br />by any attorney designated by the Insurer to defend the Insureds, and all other fees, <br />costs, costs of attachment or similar bonds (but without any obligation by the Insurer to <br />apply for or furnish such bonds), pre -judgment and post -judgment interest and expenses <br />incurred by the Insurer resulting from the investigation, adjustment, defense and appeal <br />of a Claim, but does not mean salaries, wages, overhead or benefits expenses of the <br />Insureds. <br />PSNP1001 (01/01) <br />RAMougemadDiMsian <br />E <br />o N Q` REVIEWED & APPROVED BY: <br />e <br />'�--'Risk Management Specialist <br />