Western Security definition

Western Security means Western Security Life Insurance Company, an Arizona corporation.
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Western Security has the meaning assigned to such term in Recital A(2).
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Examples of Western Security in a sentence

  • WesterFed owns all of the outstanding common stock of Western Security Bank ("the Bank").

  • The Company is a holding company for IL Annuity and Insurance Company, a Massachusetts-domiciled stock insurance company ("IL Annuity"), IL Securities, Inc., an Indiana corporation, Western Security Life Insurance Company, an Arizona-domiciled stock insurance company and Bankers Life Insurance Company of New York, a New York-domiciled stock insurance company, each of which is a wholly-owned subsidiary of the Company.

  • If Western Security is in default (as defined in Section 3(x)(1) of the FDIA), all obligations under this Agreement shall terminate as of the date of default, but this provision shall not affect any vested rights of the contracting parties.

  • Except as otherwise contemplated by this Agreement, Bancorp and -------------------------------------- Western shall take all actions necessary to cause, on or before the Closing Date and on terms reasonably acceptable to CBB, (i) the transfer of sponsorship of the Western Security Bank, N.A. Employees' Stock Ownership Plan from Western to Bancorp, (i) the termination of all other Plans and (ii) payment of all benefits payable under such Plans..

  • During the year following the date when the Employee ceases to be employed by Glacier and Western Security, the Employee shall not persuade or entice, or attempt to persuade or entice, any person or entity to terminate, cancel, rescind or revoke his or its business or contractual relationships with Glacier or any of its subsidiaries.

  • During the year following the date when the Employee ceases to be employed by Glacier and Western Security, the Employee shall not provide management, supervisory or similar services in Montana to any person or entity engaged in any business in Montana which competes with the business of Glacier or Western Security in Montana as conducted as of the date on which his employment terminates, including without limitation any preliminary steps associated with the formation of a new bank.

  • If during the Term, either the Employee terminates his employment for Good Reason or his employment is terminated involuntarily without Cause, Glacier or Western Security shall pay him his salary and bonuses and shall provide to him his benefits and vesting under all health, welfare, employee, and qualified and nonqualified plans as if he had continued to be employed during the balance of the Term.

  • Glacier or Western Security shall pay the Employee while employed hereunder a salary of not less than $220,000 (per annum), at regular intervals in accordance with Glacier's payroll practices for executives.

  • Upon this Agreement becoming effective, all employment, severance or change in control agreements between the Employee and Westerfed and/or Western Security shall terminate, and as of such time, the Employee shall be deemed to have waived his rights thereunder and to have released Westerfed, Western Security, Glacier and its subsidiaries from any claims thereunder.

  • For purposes of this Agreement, "confidential business information" includes, without limitation, trade secrets (as defined in the Montana Uniform Trade Secrets Act, Montana Code Section 30-14-402), 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 Western Security or Glacier.

Related to Western Security

  • Corporation Security or “Corporation Securities” means (i) Common Shares, (ii) shares of preferred stock issued by the Corporation (other than preferred stock described in Section 1504(a)(4) of the Code), (iii) warrants, rights, or options (including options within the meaning of Treasury Regulation §§ 1.382-2T(h)(4)(v)) and 1.382-4 to purchase Securities of the Corporation, and (iv) any Shares.

  • of a Security means the principal of the Security plus the premium, if any, payable on the Security which is due or overdue or is to become due at the relevant time.

  • Clearing Corporation Security means securities which are in the custody of or maintained on the books of a Clearing Corporation or a nominee subject to the control of a Clearing Corporation and, if they are Certificated Securities in registered form, properly endorsed to or registered in the name of the Clearing Corporation or such nominee.

  • Russian Security means a Security issued by a Russian issuer.

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph __.32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).