NEIC definition

NEIC means New England Investment Companies, L.P., a Delaware ---- limited partnership.

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NEIC means National Electronic Information Corporation, a Delaware Corporation.

NEIC or the "Company") will continue to employ you as its Chief Operating Officer. In the meantime, the Company has retained the firm of Moon, Moss, McGi▇▇ & ▇ach▇▇▇▇▇ ▇▇▇ the purpose of, among other things, devising an appropriate longer term employment agreement that offers appropriate management incentive compensation arrangements. The Board of Directors has assigned a very high priority to this arrangement, and we presently anticipate that the Board will be addressing the matter this Fall. The Company is of the view that certain key executives (including yourself) should be provided with greater certainty in respect of future changes in control of the Company. As a result, the Board of Directors has approved for you an Employment Continuity Agreement in the form attached. Under the Employment Continuity Agreement, you would be entitled to certain severance benefits upon the occurrence of a "Change in Control," as defined in that agreement. The Board of Directors also believes that it is appropriate that, commencing immediately, you be provided with appropriate compensation and protections that will encourage you to stay on in your present capacity with NEIC. I am therefore pleased to outline the following arrangements which have been approved by the Board of Directors with regard to your continued employment:

Examples of NEIC in a sentence

• In addition, Vendor shall preserve on all copies of NEIC Materials prepared by it or on its behalf with respect to any aspect of the NEIC Services all copyright or trademark notices placed by NEIC on the original of such Materials.

• Vendor shall also cooperate with NEIC (at NEIC's expense) in any claim or litigation against third parties that NEIC may determine to be appropriate to protect or enforce NEIC's rights respecting any NEIC Materials or Services.

• Vendor shall also maintain data transmitted through the NEIC Services for a period of 30 days from the date of transmittal and retransmit any such data upon request from NEIC given during such 30-day period.

• Vendor further agrees to provide all appropriate ongoing support to its Customers for the use of the NEIC Services, including instructions and training on how to retrieve and interpret the NEIC output reports.

• A rejected transaction for this purpose shall mean a transaction which fails to be transmitted through the NEIC Services as a result of a failure to comply with the requirements of Section B.7.2. NEIC service personnel shall provide reasonable assistance to Vendor personnel to identify the reasons for transaction rejection and actions that will remedy the problem and Vendor shall use its best efforts to take such actions.

• From and after the date hereof, each Noteholder agrees, for itself and its successors and assigns, that it shall look solely to NEICOP and not to NEIC, for the payment and performance of the obligations of the Company under the Note Purchase Agreements hereby assumed by NEICOP.

• If within 30 days following NEIC's notice to Vendor of its excessive rejected transaction rate such transaction rate is not brought to 2% or less, NEIC shall have the right to charge Vendor thereafter a fee of 25 cents for each rejected transaction in excess of 2% in any month.

• Nothing herein shall entitle NEIC, NEICOP or any other person to examine any tax return of any Noteholder.

• Vendor shall conform to changes in the Transaction Specifications resulting from any non-optional change, feature, enhancement or module of the NEIC Services furnished without charge by NEIC in or to the NEIC Services within the number of days (not less than 90) which NEIC shall designate in the notice regarding such change.

• Otherwise, NEIC shall pay Vendor the amount due Vendor pursuant to Section B.5.1 with respect to Qualifying Claims of such month at the later of the date Vendor is to receive a payment from NEIC pursuant to the prior sentence of this Section B.5.2 or within 35 days following the end of that calendar quarter.

More Definitions of NEIC

NEIC means the National Examinations Irregularities Committee established by the Department of Education to coordinate the handling of irregularities by the assessment bodies;

NEIC means EPA’s National Enforcement Investigations Center.