Party Management Sample Clauses
Party Management. The Company will institute appropriate risk-based due diligence and compliance requirements pertaining to the retention and oversight of all agents and business partners, including:
Party Management. Entrust’s third-parties, such as vendors, subcontractors, sub-processors, and service providers, that have access to data, information, facilities, or impact Entrust’s products or services are continuously managed, monitored, reviewed, and bound to uphold high standards for privacy and information security. Third-parties are periodically assessed based on the sensitivity of their level of access to systems and information as well as the criticality of their services. Entrust limits access to third-parties on a “need to know” basis and revokes when it is no longer needed.
Party Management. 18.1 NTT has a Third Party Security Policy and supporting procedures to ensure that information assets are protected when NTT engages third party service providers and/or processors. This includes requirements for information security due diligence and information security risk assessments to be performed, in order to ensure:
(a) Information Security requirements are clearly articulated and documented in the agreements with NTT processors;
(b) NTT processors implement the same level of protection and control as NTT;
(c) Processors are required to report any suspected or actual information security incidents to NTT in a timely manner.
18.2 NTT has undertaken reasonable efforts to ensure that appropriate agreements are in place with processors who have access to NTT information, applications, systems, databases and infrastructure. These agreements include NTT information security standards for ensuring the confidentiality, integrity and availability of NTT information.
Party Management. Entrust’s third-parties, such as vendors, subcontractors, sub-processors, and service providers, that have access to data, information, facilities, or impact Entrust’s products or services are continuously managed, monitored, reviewed, and bound to uphold high standards for privacy and information security. Third-parties are periodically assessed based on the sensitivity of their level of access to systems and information as well as the criticality of their services. Entrust limits access to third-parties on a “need to know” basis and revokes when it is no longer needed Template version: April 2021/Signatures 23
Party Management. Each Party will designate for each Protocol one of its employees as manager to be responsible for directing all of its business and technical activities, receipt of notices and invoices for payment, and handling Confidential Information. Each Party may change its designated manager upon prior written notice to the other Party.
Party Management. 16. The Company will institute appropriate risk-based due diligence and compliance requirements pertaining to the retention and oversight of all agents and business partners, including:
a. properly documenting due diligence pertaining to the hiring and appropriate and regular oversight of agents and business partners;
b. informing agents and business partners of the Company’s commitment to abiding by anti-corruption laws and Part 130, and of the Code of Conduct and anti-corruption and associated Part 130 compliance policies and procedures; and
c. seeking a reciprocal commitment from agents and business partners.
17. The Company will understand and record the business rationale for using a third party in a transaction, and will conduct adequate due diligence with respect to the risks posed by a third-party partner such as a third-party partner’s reputations and relationships, if any, with foreign officials. The Company will ensure that contract terms with third parties specifically describe the services to be performed, that the third party is actually performing the described work, that its compensation is commensurate with the work being provided in that industry and geographical region, and that Part 130 reporting is completed for any fees or commissions paid to a third party that meet the reporting threshold. The Company will engage in ongoing monitoring and risk management of third-party relationships through updated due diligence, training, audits, and/or annual compliance certifications by the third party.
18. Where necessary and appropriate, the Company will include standard provisions in agreements, contracts, and renewals thereof with all agents and business partners that are reasonably calculated to prevent violations of the anti-corruption laws and associated Part 130 violations, which may, depending upon the circumstances, include: (a) anti-corruption and Part 130 representations and undertakings relating to compliance with the anti-corruption laws and Part 130; (b) rights to conduct audits of the books and records of the agent or business partner to ensure compliance with the foregoing; and (c) rights to terminate an agent or business partner as a result of any breach of the anti-corruption laws and associated Part 130 violations, the Code of Conduct or compliance policies, or procedures, or the representations and undertakings related to such matters.
19. The Company will develop and implement policies and procedures for mergers and acquisiti...