PYRAMID GROUP INTERNATIONAL, INC. (5)

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Pyramid Group International Inc. K. if the insured is in violation of any CONDITIONS PRECEDENT TO COVERAGE. II. DEFINITIONS A. The term automobile means a land motor vehicle, trailer or semi -trailer designed for travel on public roads including any machinery or apparatus attached thereto. B. The term bodily injury means physical injury, sickness or disease, mental anguish or emotional distress when accompanied by physical injury, sustained by any person, including death resulting therefrom. C. The term claim means an oral or written notice to the Named Insured from any party intending to hold an insured responsible for damages arising out of a pollution condition. D. The term claims expense means all costs, charges and expenses resulting from the adjustment, appraisal, investigation, defense, settlement, arbitration or appeal of any claim, if such costs, charges and expenses are incurred by the Company, an attorney designated by the Company, or by the insured with the written consent of the Company; except that it shall not include the costs of investigating or administering any claim by employees of the Company or loss of earnings incurred by the insured in investigating, defending, settling, arbitrating or appealing any claim at the Company's direction. E. The term damages means a judgment, award or settlement monetarily compensating a claimant, excepting fines or penalties, punitive or exemplary compensation, judgments that have been multiplied in an amount as may be imposed pursuant to a statute or otherwise, or compensation forgiven, reduced in amount or otherwise compromised by the insured. F. The term insured shall mean: 1. the named insured; and 2. a director or officer of the named insured, but only while acting in their respective capacity as such; and 3. an employee of the named insured, but only with respect to services performed or failed to have been performed on behalf of the named insured in the employee's capacity as such; and 4. a former director, officer or employee of the named insured, but only with respect to services performed or failed to have been performed on behalf of the named insured prior to the termination of that respective capacity; and 5. the current spouse of any current owner, director or officer of the named insured; and 6. the heirs, executors, administrators, and legal representatives of each insured in the event of death, incapacity or bankruptcy, but solely with respect to the liability of each insured as otherwise coven and n� mnageman utvieen REmEwm & APPROVED BY. A i-u A wa. Rhk Management Spedalist ECC-569E-0712 © 2018, Freberg Environmental, Inc.