Dishonest, fraudulent or malicious act or omission of any former or present Employee (which
term, for the purpose of this clause alone, shall not include any principal, partner, member or
director of the Insured) provided that no indemnity shall be given under this Policy in the
event that any principal, partner, member or director of the Insured conspired to commit or
condoned any such dishonest, fraudulent or malicious act or omission;
term, for the purpose of this clause alone, shall not include any principal, partner, member or
director of the Insured) provided that no indemnity shall be given under this Policy in the
event that any principal, partner, member or director of the Insured conspired to commit or
condoned any such dishonest, fraudulent or malicious act or omission;
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