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Professional Liability Insurance Policy <br />1. The Automatic Extended Reporting Period as described in Section IX. EXTENDED <br />REPORTING PERIOD, Part B; or <br />2. The Optional Extended Reporting Period as described in Section IX. EXTENDED <br />REPORTING PERIOD, Part C; <br />whichever is applicable, following the termination or renewal of coverage as described in <br />Section X. EXTENDED REPORTING PERIOD, in which to report a Claim(s). <br />K. FIRST NAMED INSURED <br />First Named Insured means the Named Insured that is listed in the Declarations. <br />L. INSURED <br />Insured means: <br />1. The Named Insured; <br />2. A director or officer of the Named Insured, but only while acting in their respective <br />capacity as such; <br />3. An employee of the Named Insured, but only with respect to Professional Services <br />performed or failed to have been performed on behalf of the Named Insured in the <br />employee's capacity as such; <br />4. A former director, officer or employee of the Named Insured, but only with respect to <br />Professional Services performed or failed to have been performed on behalf of the <br />Named Insured prior to the termination of that respective capacity; <br />5. The current spouse, including a party to a civil union or domestic partnership <br />recognized under the applicable law of the jurisdiction having authority, of any current <br />owner, director or officer of the Named Insured; <br />6. The heirs, executors, administrators, and legal representatives of each Insured in the <br />event of death, incapacity or bankruptcy, but solely with respect to the liability of each <br />Insured as otherwise covered by this Policy; <br />7. Any temporary or leased personnel, but only for Professional Services performed <br />while acting under the direct supervision of or on behalf of the Named Insured; and <br />8. Any Named Insured with regard to its participation in a joint venture, but solely for the <br />Named Insured's liability for their performance of Professional Services under the <br />respective joint venture. <br />M. MEDIATION <br />Mediation means the non -binding intervention of a neutral third -party to effect resolution of <br />a Claim. <br />N. NAMED INSURED <br />Named Insured means the First Named Insured or any person(s) or entity(ies) expressly <br />added as a Named Insured by endorsement to this Policy. <br />O. POLICY PERIOD <br />Policy Period means the period set forth in the Declarations, or any <br />may be amended by endorsement or a result of cancellation of this <br />ECC-1313-0118 © Freberg Environmental, 2018 <br />All rights reserved. <br />G. REVIEWED S, APPROVED By. <br />'a Ruk Management Speaalist <br />