USSIC definition
Examples of USSIC in a sentence
Each of HCC and USSIC is duly licensed as an insurer under the insurance laws and regulations of Texas.
Executive shall, subject to the supervision of the Chief Executive Officer and Board, have general management and control of HC, USSIC and TIC in the ordinary course of its business with all such powers with respect to such management and control as may be reasonably incident to such responsibilities.
WHEREFORE, XL, Arch, USSIC, the Director Defendants and Loral duly execute this Settlement Agreement as follows: By: /s/ ▇▇▇▇▇▇▇ ▇.
The Company hereby agrees to employ Executive as its President and Chief Operating Officer and President and Chief Operating Officer of USSIC and TIC, and Executive hereby agrees to accept such employment, on the terms and conditions set forth herein, for the period commencing on the Effective Date and expiring as of 11:59 p.m. on December 31, 2003 (the "Basic Term") (unless sooner terminated as hereinafter set forth).
Notwithstanding anything set forth herein to the contrary, the release of USSIC is limited to such claims that the Chapter 11 Trustee has asserted in the Lawsuits or that he could bring against the directors and officers of TMST who were Insured Persons as that term is defined under the USSIC Policy defined above.