Dual Employees. The Adviser agrees that only its employees who are registered representatives of the Distributor (“dual employees”) shall offer or sell Shares of the Portfolios and further agrees that the activities of any such employees as registered representatives of the Distributor shall be limited to offering and selling Shares. If there are dual employees, one employee of the Adviser shall register as a principal of the Distributor and assist the Distributor in monitoring the marketing and sales activities of the dual employees. If there are dual employees, the Adviser shall maintain errors and omissions and fidelity bond insurance policies providing reasonable coverage for its employee’s activities and shall provide copies of such policies to the Distributor. If there are dual employees, the Adviser shall indemnify and hold harmless the Distributor against any and all liabilities, losses, damages, claims and expenses (including reasonable attorneys’ fees and disbursements and investigation costs incident thereto) arising from or related to the Adviser’s employees’ activities as registered representatives of the Distributor, including, without limitation, any and all such liabilities, losses, damages, claims and expenses arising from or related to the breach by such dual employees of any rules or regulations of FINRA or SEC.
Dual Employees. The Adviser agrees that only its employees who are registered representatives of the Distributor ("dual employees") shall offer or sell Shares of the Portfolios and further agrees that the activities of any such employees as registered representatives of the Distributor shall be limited to offering and selling Shares. If there are dual employees, one employee of the Adviser shall register as a principal of the Distributor and assist the Distributor in monitoring the marketing and sales activities of the dual employees. The Adviser shall maintain errors and omissions and fidelity bond insurance policies providing reasonable coverage for its employees activities and shall provide copies of such policies to the Distributor. The Adviser shall indemnify and hold harmless the Distributor against any and all liabilities, losses, damages, claims and expenses (including reasonable attorneys' fees and disbursements and investigation costs incident thereto) arising from or related to the Adviser's employees' activities as registered representatives of the Distributor, including, without limitation, any and all such liabilities, losses, damages, claims and expenses arising from or related to the breach by such dual employees of any rules or regulations of the NASD or SEC.
Dual Employees. The Advisor agrees that only its employees who are registered representatives of the Distributor ("dual employees") shall offer or sell Shares of the Portfolios and further agrees that the activities of any such employees as registered representatives of the Distributor shall be limited to offering and selling Shares in states where the Distributor is registered or exempt from registration. The Advisor shall maintain errors and omissions and fidelity bond insurance policies providing reasonable coverage for its employee's activities and shall provide copies of such policies to the Distributor. The Advisor shall indemnify and hold harmless the Distributor against any and all liabilities, losses, damages, claims and expenses (including reasonable attorneys' fees and disbursements and investigation costs incident thereto) arising from or related to the Advisor's employees' activities as registered representatives of the Distributor, including, without limitation, any and all such liabilities, losses, damages, claims and expenses arising from or related to the breach by such dual employees of any rules or regulations of the NASD or SEC.
Dual Employees. Several current executive officers of DVD will be executive officers of both DVD and Gaming & Entertainment immediately after the Distribution Date. Each such executive officer's DVD options will be adjusted as provided in the Employee Benefits Agreement.
Dual Employees. Several current executive officers of RPC will be executive officers of both RPC and Marine immediately after the Distribution Date. Two-thirds of each such executive officer's RPC options and performance restricted stock awards that have not been earned and issued into escrow will remain subject to the RPC 1994 Employee Stock Incentive Plan and will be adjusted as provided in the Employee Benefits Agreement, and one-third of such options and awards will be replaced with options and awards under the Marine 2001 Employee Stock Incentive Plan as provided in the Employee Benefits Agreement.
Dual Employees. Each Employee who continues as a RPC and Marine or Chaparral Employee ("Dual Employee") immediately after the Spinoff that holds outstanding RPC options or performance restricted stock awards that have not been earned and issued into escrow will receive replacement grants for one-third of such outstanding options and awards under the Marine 2001 Plan equivalent in value to the options and awards surrendered for cancellation to RPC pursuant to the terms set forth in a Cancellation Agreement entered into by such Dual Employee and RPC.
Dual Employees. The parties acknowledge that the performance of -------------- obligations under this Agreement may entail from time to time the employment of individuals who are joint employees of both the Bank and PA Financial ("Dual Employees"). Dual Employees shall abide by the policies and procedures of the Bank when acting as employees of the Bank, and shall abide by the policies and procedures of PA Financial when acting as employees of PA Financial. Dual employees shall be subject to the provisions of subsection (b) above to the same extent as other employees of the parties when acting as an employee of such party.
Dual Employees. At the UVEST Centers operated at Subscriber's locations, Securities transactions shall be effected, and investment advice and recommendations shall be disseminated, only by registered representatives of UVEST, who shall at all times be registered and qualified with the SEC, the NASD, and all other applicable federal and state securities and insurance laws (including without limitation investment advisor laws); and who shall undertake such employment by UVEST in addition to their employment by Subscriber. Such persons are referred to in this Agreement as "Dual Employees" or "registered representatives." Each Dual Employee shall enter into an employment agreement with UVEST, in a form to be provided by UVEST and agreed to by Subscriber, setting forth the terms of the Dual Employee's employment as a registered representative. Neither Subscriber nor any of its affiliate depository institutions shall have any responsibility for supervision of the Securities brokerage and investment advisory services performed by the Dual Employees or for compliance by the Dual Employees with UVEST's standards of conduct or procedures established for such persons and, except as set forth in Sections 8(d), 8(e) and 8(f) hereof, shall not be obligated to notify UVEST regarding any Dual Employee's acts.
Dual Employees. The Fund agrees that only its employees who are registered representatives of the Distributor ("dual employees") shall offer or sell Shares of the Portfolios and further agrees that the activities of any such employees as registered representatives of the Distributor shall be limited to offering and selling Shares. If there are dual employees, one employee of the Fund shall register as a principal of the Distributor and assist the Distributor in monitoring the marketing and sales activities of the dual employees. The Fund shall maintain errors and omissions and fidelity bond insurance policies providing reasonable coverage for its employee's activities and shall provide copies of such policies to the Distributor. The Fund shall indemnify and hold harmless the Distributor against any and all losses, (including reasonable attorneys' fees and disbursements and investigation costs incident thereto) arising from or related to the Fund's employees' activities as registered representatives of the Distributor, including, without limitation, any and all such losses arising from or related to the breach by such dual employees of any rules or regulations of the NASD or SEC.
Dual Employees. The Manager agrees that only its employees who are registered representatives of the Distributor ("dual employees") shall offer or sell Shares of the Portfolios and further agrees that the activi- ties of any such employees as registered representatives of the Distribu- tor shall be limited to offering and selling Shares. If there are dual em- ployees, one employee of the Manager shall register as a principal of the Distributor and assist the Distributor in monitoring the marketing and sales activities of the dual employees. The Manager shall maintain errors and omissions and fidelity bond insurance policies providing reasonable coverage for its employees activities and shall provide copies of such policies to the Distributor. The Manager shall indemnify and hold harmless the Distributor against any and all liabilities, losses, damages, claims and expenses (including reasonable attorneys' fees and disbursements and investigation costs incident thereto) arising from or related to the Man- ager's employees' activities as registered representatives of the Distrib- utor, including, without limitation, any and all such liabilities, losses, damages, claims and expenses arising from or related to the breach by such dual employees of any rules or regulations of the NASD or SEC.
