Network teaming

I was installingour HP Proliant GL380, Idiscover the feature of network teaming :
"A team consists of two to eight ports that function as though they were a single NIC. This virtual NIC appears to the system as a single physical address and a single IP address. Should one NIC in this team fail, the remaining NICs assume the failed NIC's traffic, providing resiliency. This fault tolerance is provided by all the configurations of teams available. When teamed, each NIC can also share the network traffic load, increasing the network throughput. Each type of team provides varying levels of traffic management, (called load balancing), and all teams provide fault tolerance."