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(iii) any request to to]] the statute of limitations relating to a Wrongful Act,
<br />A Claim shall be considered first made when any Insured or the Insured's legal representative or agent first receives notice
<br />of the Claim.
<br />d, "Claim Expenses" means reasonable and necessary legal fees and expenses incurred by the Insurer or by any attorney
<br />designated by the Insurer to defend any Insured and all other fees, costs, costs of attachment or similar 'bonds resulting from
<br />the investigation, adjustment, defense and appeal of a Claim, but does not include salaries, wages, overhead or benefits
<br />expenses of any Insured. The Insurer has no obligation, however, to apply for or famish costs of attachment or similar
<br />bonds,
<br />"Damages" means monetary judgments or settlements, including but not limited to compensatory damages, pre judgment
<br />and post-Judgment interest that an Insured is legally obligated to pay, and punitive or exemplary damages to tile extent such
<br />damages are insurable under applicable law. Damages does not include that portion of any multiplied damage award that
<br />exceeds the amount multiplied, criminal or civil fines or penalties imposed by law, taxes, matters deemed uninsurable under
<br />the law pursuant to which this Policy shall be construed, or the return, reduction or dispute over any fees, deposits, expenses,
<br />costs, or commissions charged or collected by the Insured. For the purpose of determining the insurability of punitive
<br />damages or exemplary damages, the laws of the jurisdiction most favorable to the insurability of such damages shall control
<br />that determination, provided that such jurisdiction has a substantial relationship to the Named Insured or to the Claim
<br />giving rise to such punitive damages and exemplary damages.
<br />f. "Disciplinary Proceeding" means any proceeding by a licensing board, accreditation body or governmental agency with
<br />authority to regulate the Professional Services performed by an Insured or to investigate charges of wrongdoing by an
<br />Insured in the rendering or failing to render Professional Services.
<br />g. "Insured" means:
<br />(i) the individual, partnership, corporation or other entity specified as the Named Insured in Item 1. of the Policy
<br />Declarations, including any partner, member, director, officer or employee thereof while acting within the scope of their
<br />duties as such;
<br />(ii) any former or retired partner, member, director, officer or eiriployce of the Named Insured or Subsidiary, but Only for
<br />those Professional Services rendered on behalf of the Named Insured or Subsidiary prior to the date of separation or
<br />retirement from the Named Insured or Subsidiary;
<br />(iii) independent contractors who are natural persons under contract with the Named Insured or Subsidiary, but solely for
<br />those Professional Services rendered on behalfof the Named Insured Or Subsidiary;
<br />(iv) any Subsidiary of the Named Insured;
<br />(v) in the event of death, incompetency, insolvency or bankruptcy of any insured, described in paragraphs (i) and (ii) above,
<br />such Insured's legal representative while acting within the scope of his or her duties as such.
<br />h. "Named Insured" means the individual, partnership, corporation or other entity specified in Item 1. of the Policy
<br />Declarations.
<br />i, "Parent Organization" means any entity that owns more than fifty percent (50%) of the Named Insured as of the effective
<br />date of this Policy.
<br />"Personal Injury" means:
<br />(i) wrongful entry or evictioti or other invasion of private occupancy; or
<br />(ii) the publication or utterance of a libel or slander or other defamatory or disparaging material, including libel, slander,
<br />defamation or disparagement of the goods, products or services of a third party; or
<br />HODGES LACEY & ASSOCIATES, LLC A-2014-037 REV�EWED BY: EUN�ICE HERED A (PG 11 OF 24)
<br />RTP 101 (,09011) Page 3 of 10
<br />Insured
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