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COVERAGE FORM <br /> <br />BP 00 03 01 10 Includes copyrighted material of the Insurance Services Office, Inc., used with its permission. Page 27 of 48 <br /> <br /> (a) An inventory computation; or <br /> (b) A profit and loss computation. <br /> c. The most we will pay for loss or damage in <br />any one occurrence is the Limit of Insur- <br />ance for Employee Dishonesty shown in the <br />Declarations. <br /> d. All loss or damage: <br /> (1) Caused by one or more persons; or <br /> (2) Involving a single act or series of acts; <br />is considered one occurrence. <br /> e. If any loss is covered: <br /> (1) Partly by this insurance; and <br /> (2) Partly by any prior cancelled or termi- <br />nated insurance that we or any affiliate <br />had issued to you or any predecessor in <br />interest; <br />the most we will pay is the larger of the <br />amount recoverable under this insurance or <br />the prior insurance. <br />We will pay only for loss or damage you <br />sustain through acts committed or events <br />occurring during the policy period. Regard- <br />less of the number of years this policy re- <br />mains in force or the number of premiums <br />paid, no Limit of Insurance cumulates from <br />year to year or period to period. <br /> f. This Optional Coverage is cancelled as to <br />any employee immediately upon discovery <br />by: <br /> (1) You; or <br /> (2) Any of your partners, "members", "man- <br />agers", officers or directors not in collu- <br />sion with the employee; <br />of any dishonest act committed by that em- <br />ployee before or after being hired by you. <br /> g. We will pay only for covered loss or dam- <br />age sustained during the policy period and <br />discovered no later than one year from the <br />end of the policy period. <br /> h. If you (or any predecessor in interest) sus- <br />tained loss or damage during the policy pe- <br />riod of any prior insurance that you could <br />have recovered under that insurance ex- <br />cept that the time within which to discover <br />loss or damage had expired, we will pay for <br />it under this Optional Coverage, provided: <br /> (1) This Optional Coverage became effec- <br />tive at the time of cancellation or termi- <br />nation of the prior insurance; and <br /> (2) The loss or damage would have been <br />covered by this Optional Coverage had <br />it been in effect when the acts or events <br />causing the loss or damage were com- <br />mitted or occurred. <br /> i. The insurance under Paragraph h. above is <br />part of, not in addition to, the Limit of Insur- <br />ance applying to this Optional Coverage <br />and is limited to the lesser of the amount <br />recoverable under: <br /> (1) This Optional Coverage as of its effec- <br />tive date; or <br /> (2) The prior insurance had it remained in <br />effect. <br /> j. With respect to the Employee Dishonesty <br />Optional Coverage in Paragraph G.3., em- <br />ployee means: <br /> (1) Any natural person: <br /> (a) While in your service or for 30 days <br />after termination of service; <br /> (b) Who you compensate directly by <br />salary, wages or commissions; and <br /> (c) Who you have the right to direct and <br />control while performing services for <br />you; <br /> (2) Any natural person who is furnished <br />temporarily to you: <br /> (a) To substitute for a permanent em- <br />ployee as defined in Paragraph (1) <br />above, who is on leave; or <br /> (b) To meet seasonal or short-term <br />workload conditions; <br /> (3) Any natural person who is leased to you <br />under a written agreement between you <br />and a labor leasing firm, to perform du- <br />ties related to the conduct of your busi- <br />ness, but does not mean a temporary <br />employee as defined in Paragraph (2) <br />above; <br /> (4) Any natural person who is a former <br />employee, director, partner, member, <br />manager, representative or trustee re- <br />tained as a consultant while performing <br />services for you; or <br /> (5) Any natural person who is a guest stu- <br />dent or intern pursuing studies or duties, <br />excluding, however, any such person <br />while having care and custody of prop- <br />erty outside any building you occupy in <br />conducting your business. <br />But employee does not mean: <br />EXHIBIT B <br />Docusign Envelope ID: 719DA141-AC44-83B6-8162-C79EED148CD3