HNC Bank definition
Examples of HNC Bank in a sentence
Following written notice of a request for arbitration, HNC, Bank and Executive shall be entitled to an injunction restraining all further proceedings in any pending or subsequently filed litigation concerning this Agreement, except as otherwise provided herein.
HNC, Bank or Executive may initiate an arbitration proceeding at any time by giving notice to the other in accordance with the Rules.
HNC, Bank and Executive recognize that in the event a dispute should arise between them concerning the interpretation or implementation of this Agreement, lengthy and expensive litigation will not afford a practical resolution of the issues within a reasonable period of time.
Upon the expiration or termination of this Agreement for any reason, HMS, HNC, and HNC Bank or any of their subsidiaries or affiliates shall have no further obligations under this Agreement other than payment of any earned but unpaid compensation.
To the extent that the HNC and HNC Bank has officers’ and directors’ liability insurance coverage covering the acts of Executive, HNC and HNB shall, subject to the exclusions and limitations set forth therein, indemnify and hold harmless Executive if she is made a party, is threatened to be made a party to, or otherwise receives any other legal process in any action, suit, or proceeding by reason of the fact that she was an officer or employee of HMS, HNC, or HNC Bank.
Any work performed by the Executive under this Agreement should be considered a “Work Made for Hire” as the phrase is defined by the U.S. patent laws and shall be owned by and for the express benefit of HNC, HNC Bank and their subsidiaries and affiliates.
Except as otherwise provided in this Agreement, any notice required or permitted to be given under this Agreement shall be deemed properly given if in writing and if mailed by registered or certified mail, postage prepaid with return receipt requested, to Executive’s residence, in the case of notices to Executive, and to the principal executive offices of HMS, HNC and HNC Bank, in the case of notices to HMS, HNC and HNC Bank.
In the event it should be established that such work does not qualify as a Work Made for Hire, Executive agrees to and does hereby assign to HNC, HNC Bank, and their affiliates and subsidiaries, all of her rights, title, and/or interest in such work product, including, but not limited to, all copyrights, patents, trademarks, and propriety rights.
This Agreement shall not be assignable by any party, except by HNC and HNC Bank to any successor in interest to their respective businesses.
To the Knowledge of HNC, there is no fact or circumstance or set of facts or circumstances which would cause HNC Bank to fail to comply with such provisions in a manner which would have a Material Adverse Effect on HNC.