USBN definition
Examples of USBN in a sentence
At the same time, Officer also must return to the Bank all originals and copies (whether in hard copy, electronic or other form) of any documents, drawings, notes, memoranda, designs, devices, diskettes, tapes, manuals, and specifications which constitute proprietary information or material of the Bank or USBN.
If and when Officer ceases, for any reason, to be employed by the Bank, Officer must return to the Bank all keys, pass cards, identification cards and any other property of the Bank or USBN.
This Agreement may be modified only through a written instrument signed by both parties and approved in writing by USBN.
Officer will not, after the date this Agreement is signed, including during and after its Term, use for his own purposes or disclose to any other person or entity any confidential business information concerning the Bank or USBN or their business operations, unless (1) the Bank or USBN consents to the use or disclosure of their respective confidential information; (2) the use or disclosure is consistent with Officer's duties under this Agreement or (3) disclosure is required by law or court order.
If a court of competent jurisdiction should decline to enforce any of those covenants and agreements, Officer and the Bank will request the court to reform these provisions to restrict Officer's use of confidential information and Officer's ability to compete with the Bank and USBN to the maximum extent, in time, scope of activities, and geography, the court finds enforceable.
To the extent that such activities do not interfere with his duties under Section 3, Officer may participate in other businesses as a passive investor, but (a) Officer may not actively participate in the operation or management of those businesses, and (b) Officer may not, without the Bank's prior written consent, make or maintain any investment in a business with which the Bank and/or USBN has an existing competitive or commercial relationship.
Officer's bonus, if any, will reflect Officer's contribution to the performance of the Bank during the year, also taking into account the nature and extent of incentive bonuses paid to comparable senior officers at USBN and its banking subsidiaries.
The Bank's board of directors may, from time to time, modify Officer's title or add, delete, or modify Officer's performance responsibilities to accommodate management succession, as well as any other management objectives of the Bank or of USBN.
For purposes of this Agreement, confidential business information includes, without limitation, various confidential information concerning all aspects of current and future operations, nonpublic information on investment management practices, marketing plans, pricing structure and technology of either the Bank or USBN, whether or not such information qualifies as a "trade secret" under applicable laws.
Officer will be entitled to participate in any group life insurance, disability, health and accident insurance plans, profit sharing and pension plans and in other employee fringe benefit programs the Bank or USBN may have in effect from time to time for its similarly situated employees, in accordance with and subject to any policies adopted by the Bank's or USBN's board of directors with respect to the plans or programs.