Bank Channel definition

Bank Channel means the distribution channel consisting of the marketing and sales of and provision of shareholder, administrative and other services relating to, investment products, by employees holding Series 6 and Series 7 licenses, point of sale representatives and their direct supervisors and others, through the retail branch banking system of or otherwise by Seller and its Affiliates, including all such operations located or accessible at bank branches or online through the website that services the retail bank customers of Seller and its Affiliates.
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Bank Channel means all activities conducted by Wachovia's Investment Services Group (or any corresponding successor group) and, after the Closing, by the Company, in bank branches and customer call centers of Wachovia Bank (or successor thereto) that are related to the offer and sale of Securities Products by the employees of such group and by the Bank Channel Employees to retail customers located in the United States.
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Examples of Bank Channel in a sentence

  • The Acquired Companies shall retain responsibility for all accrued but unused vacation pay for each of their respective Acquired Company Employees (other than any Bank Channel Employees who become Acquired Company Employees).

  • With respect to each Bank Channel Employee who becomes an Acquired Company Employee, Buyer shall be solely responsible for any severance or similar benefits that may be payable, if any, to such Acquired Company Employee in respect of his or her termination of employment following the Closing with Buyer and its Affiliates.

  • As soon as practicable, but in any event within five (5) Business Days following the Closing Date, Seller shall provide Buyer with a list setting forth, with respect to each Acquired Company Employee (other than any Bank Channel Employee who becomes an Acquired Company Employee) the number of days of accrued but unused vacation as of the Closing Date.

  • Each identified Bank Channel Employee who accepts Buyer’s offer of employment shall be treated as an Acquired Company Employee.

  • Buyer shall offer employment to all such identified Bank Channel Employees upon such terms and conditions as it determines in its sole discretion (subject to Buyer’s obligations under the other provisions of this Section 4.6) and Seller shall cause Talbot Financial, Inc.

  • Each identified Bank Channel Employee who accepts Buyer's offer of employment shall be treated as an Acquired Company Employee.

  • Buyer shall offer employment to all such identified Bank Channel Employees upon such terms and conditions as it determines in its sole discretion (subject to Buyer's obligations under the other provisions of this Section 4.6) and Seller shall cause Talbot Financial, Inc.

  • Channel Partner undertakes that all documents, records of transactions and information given to Channel Partner by bank and assets of the Bank can be removed and/or repossessed by the Bank which are in the possession of Channel Partner in order to continue it’s business operations, or if directed by the Bank Channel Partner undertake to delete, destroy or retreat to make it unusable.

  • Channel Partner hereby unconditionally and irrevocable agrees with the Bank that pending resolution of such dispute or pending payment to Channel Partner by the Bank, Channel Partner shall not stop its services to the Bank but continue to render the same in accordance with this Agreement.

  • DSBG was incorporated in Hong Kong on 11th March, 2004, as the holding company for the DSFH Group’s banking subsidiaries, including DSB and its subsidiary Banco Comercial de Macau, S.A. (“BCM”), MEVAS Bank Limited (“MEVAS”), D.A.H. Hambros Bank (Channel Islands) Limited (“D.A.H. Hambros”).