Common use of Access to, and Acknowledgement of Value of, Confidential Information Clause in Contracts

Access to, and Acknowledgement of Value of, Confidential Information. On the basis of certain existing agreements of confidentiality and non-disclosure by Executive for the benefit of the Partnership Group and/or TETRA, the Partnership Group and/or TETRA have previously made available to Executive Confidential Information regarding the Partnership Group and its business operations and in return for such existing agreements and Executive’s acknowledgements and agreements contained herein, the Company agrees to provide, or cause the Partnership Group to provide, Executive with (i) Confidential Information regarding the Partnership Group and its business operations arising after the date hereof and (ii) access to certain of the Partnership Group’s customers, prospective customers, vendors and other parties with whom the Partnership Group conducts business, which will allow Executive the opportunity to develop business relationships and goodwill with such customers, prospective customers, vendors and other such parties after the date hereof. Executive acknowledges and agrees that the Confidential Information is of significant value to the Partnership Group and the protection against unauthorized disclosure and use of the Confidential Information and the business relationships and goodwill that may be developed by Executive in performing his/her duties on behalf of the Partnership Group is of critical importance to the Partnership Group. The Company and Executive agree that in addition to the Partnership Group’s disclosure of the Confidential Information and the business relationships and goodwill that may be developed by Executive in performing his duties on behalf of the Partnership Group, the Company’s agreement to make the payments provided in this Agreement to Executive constitutes additional consideration for the Executive’s compliance with the undertakings set forth in this Section 4. Notwithstanding any other provision of this Agreement to the contrary, Executive shall only be required to comply with the provisions of this Section 4 following the Date of Termination if Executive receives the benefits as provided in Section 3 above.

Appears in 4 contracts

Samples: Change of Control Agreement (CSI Compressco LP), Change of Control Agreement (CSI Compressco LP), Change of Control Agreement (Compressco Partners, L.P.)

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Access to, and Acknowledgement of Value of, Confidential Information. On the basis of certain existing agreements of confidentiality and non-disclosure by Executive for the benefit of the Partnership Group and/or TETRACompany, the Partnership Group and/or TETRA have Company has previously made available to Executive Confidential Information regarding the Partnership Group Company and its business operations and in return for such existing agreements and Executive’s acknowledgements and agreements contained herein, the Company agrees to provide, or cause the Partnership Group to provide, provide Executive with (i) Confidential Information regarding the Partnership Group Company and its business operations arising after the date hereof and (ii) access to certain of the Partnership GroupCompany’s customers, prospective customers, vendors and other parties with whom the Partnership Group Company conducts business, which will allow Executive the opportunity to develop business relationships and goodwill with such customers, prospective customers, vendors and other such parties after the date hereof. Executive acknowledges and agrees that the Confidential Information is of significant value to the Partnership Group Company and the protection against unauthorized disclosure and use of the Confidential Information and the business relationships and goodwill that may be developed by Executive in performing his/her duties on behalf of the Partnership Group Company is of critical importance to the Partnership GroupCompany. The Company and Executive agree that in addition to the Partnership GroupCompany’s disclosure of the Confidential Information and the business relationships and goodwill that may be developed by Executive in performing his duties on behalf of the Partnership GroupCompany, the Company’s agreement to make the payments provided in this Agreement to Executive constitutes additional consideration for the Executive’s compliance with the undertakings set forth in this Section 4. Notwithstanding any other provision of this Agreement to the contrary, Executive shall only be required to comply with the provisions of this Section 4 following the Date of Termination if Executive receives the benefits as provided in Section 3 above.

Appears in 3 contracts

Samples: Change of Control Agreement (Tetra Technologies Inc), Change of Control Agreement (Tetra Technologies Inc), Change of Control Agreement (Tetra Technologies Inc)

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