eTrade 2007 Annual Report Download - page 182

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ARTICLE VII.
SECURITY
Section 7.1 In General. The Company and Parent shall each use commercially reasonable efforts to maintain and enforce
safety and physical security procedures with respect to access to and maintenance of Customer Information that are in accordance with
industry acceptable information security practices. Without limiting the generality of the foregoing, each of the Company and Parent
shall use commercially reasonable efforts to secure and defend its location and equipment against “hackers” and others who may seek,
without authorization, to modify its systems or access the information found therein in accordance with industry acceptable
information security practices, using any combination of access lists, unique user identifiers and credentials, authentication procedures,
and/or other safeguards as it reasonably believes are appropriate.
Section 7.2 Security Breaches. Each of the Company and Parent shall use its commercially reasonable efforts in accordance
with industry acceptable information security practices to monitor its systems for Security Breaches. For purposes of this Section 7.2, a
“Security Breach” shall mean an event that may lead to unauthorized disclosure, access, corruption, or destruction of Customer
Information, including an insider accessing information inappropriately, an outsider penetrating or attempting to penetrate security
controls, and a virus (or other piece of malware or destructive software). Each of the Company and Parent shall report to the other
promptly any Security Breach of its systems of which it becomes aware relating to the other Party’s systems or Confidential
Information and shall use its commercially reasonable efforts in accordance with industry acceptable information security practices to
remedy such Security Breach in a timely manner.
Section 7.3 Storage of Customer Information. Each of the Company and Parent, and their respective Affiliates, shall use its
commercially reasonable efforts to implement and follow a plan to store Customer Information in accordance with industry acceptable
information security practices.
ARTICLE VIII.
TERM AND TERMINATION
Section 8.1 Term. Unless earlier terminated pursuant to Section 8.2, this Agreement shall expire on December 31, 2010.
The term of this Agreement (the “Term”) shall be the period from the earlier of (i) the Initial Closing, if the Initial Closing occurs on a
Monday, or (ii) if the Initial Closing does not occur on a Monday, the Monday immediately following the Initial Closing, until its
expiration.
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