Acknowledgement of Receipt of Confidential Information. Xx. Xxxx acknowledges that he has occupied a position of the highest trust and confidence with the Seattle Bank, and during Xx. Xxxx’x employment with the Seattle Bank, he has become familiar with the Seattle Bank’s trade secrets, business plans and strategies, and with other proprietary and confidential information concerning the Seattle Bank, its business, employees and members. Xx. Xxxx agrees that (a) the agreements and covenants contained in this paragraph are essential to protect the Seattle Bank and the goodwill of its business; (b) the Seattle Bank would be irreparably damaged if Xx. Xxxx were to disclose confidential information in violation of these provisions of this Agreement; and (c) the separation benefits provided him under this Agreement are given to him in part in exchange for his agreement to the restrictions set forth below. As used in this Agreement, “Confidential Information” shall mean any information relating to the business or affairs of the Seattle Bank or its customers, including but not limited to information relating to financial statements, identities of members and potential members, employees, suppliers, software tools, business methods, equipment, programs, methodologies, strategies and information, analyses, reports, models, calculations, profit margins, exam findings, Board of Directors matters, or other proprietary information used by the Seattle Bank in connection with its business, provided, however, that Confidential Information shall not include any information which is in the public domain or becomes known in the industry through no wrongful act on the part of Xx. Xxxx. Xx. Xxxx acknowledges that the Confidential Information is vital, sensitive, confidential and proprietary to the Seattle Bank.
Acknowledgement of Receipt of Confidential Information. Xx. Xxxx acknowledges that she has occupied a position of the highest trust and confidence with FHLB-Seattle, and during Xx. Xxxx’x employment with FHLB-Seattle, she has become familiar with FHLB-Seattle’s trade secrets, business plans and strategies, and with other proprietary and confidential information concerning FHLB-Seattle, its business, employees and members. Xx. Xxxx agrees that (a) the agreements and covenants contained in this paragraph are essential to protect FHLB-Seattle and the goodwill of its business; (b) FHLB-Seattle would be irreparably damaged if Xx. Xxxx were to disclose confidential information in violation of these provisions of this Agreement; and (c) the separation benefits provided her under this Agreement are given to her in part in exchange for her agreement to the restrictions set forth below. As used in this Agreement, “Confidential Information” shall mean any information relating to the business or affairs of FHLB-Seattle or its customers, including but not limited to information relating to financial statements, identities of members and potential members, employees, suppliers, software tools, business methods, equipment, programs, methodologies, strategies and information, analyses, reports, models, calculations, profit margins, or other proprietary information used by FHLB-Seattle in connection with its business, provided, however, that Confidential Information shall not include any information which is in the public domain or becomes known in the industry through no wrongful act on the part of Xx. Xxxx. Xx. Xxxx acknowledges that the Confidential Information is vital, sensitive, confidential and proprietary to FHLB-Seattle.
Acknowledgement of Receipt of Confidential Information. The Executive acknowledges and agrees that he is being employed hereunder in a key capacity, that the Company is engaged in a highly competitive business, that Executive has been provided with confidential and proprietary information of the Company and its customers, clients, and prospects to perform his job responsibilities, and that the success of the Company’s business in the marketplace depends upon the protection of its confidential and proprietary information, and its goodwill and reputation for quality and dependability. To protect the Company’s confidential and proprietary information, and its goodwill and reputation for quality and dependability, reasonable limits shall be placed on Executive’s ability to compete against the Company, and that the limits contained herein are in consideration for and as an inducement for, among other things, (i) Executive’s right to receive and actual receipt of the Confidential Information, and (ii) Executive’s ability to receive equity under the Plan.
Acknowledgement of Receipt of Confidential Information. Xxxxx Xxxxx acknowledges that he has occupied a position of trust and confidence with the Seattle Bank, and during Xxxxx Xxxxx’x employment with the Seattle Bank, he has become familiar with the Seattle Bank’s trade secrets, business plans and strategies, and with other proprietary and confidential information concerning the Seattle Bank, its business, employees and members. Xxxxx Xxxxx agrees that (a) the agreements and covenants contained in this paragraph are essential to protect the Seattle Bank and the goodwill of its business; (b) the Seattle Bank would be irreparably damaged if Xxxxx Xxxxx were to
Acknowledgement of Receipt of Confidential Information. Employee acknowledges that in the course of performing duties for Company, Employee will have access to Confidential Information and agrees in addition to the specific covenants contained in this Agreement, to comply with all of Company’s policies and procedures for the protection of such Confidential Information.
Acknowledgement of Receipt of Confidential Information. Executive acknowledges that in his role as Senior Vice President, General Counsel and Secretary with the Company, Executive received confidential, proprietary, and trade secret information of the Company and its affiliates including programs, lists of acquisition or disposition prospects, knowledge of acquisition strategy, financial information and reports, lists of customers and potential customers, and other confidential information and knowledge concerning the business of the Company and its affiliates (hereinafter referred to collectively as “Information”). Executive further acknowledges that subsequent to his signing the Employment and Noncompetition Agreement dated January 1, 2004, as amended by the Addendum to Employment and Noncompetition Agreement dated December 1, 2005, Executive received from the Company new Information to which he did not previously have access or knowledge.
Acknowledgement of Receipt of Confidential Information. The Executive acknowledges that he has occupied a position of the highest trust and confidence with the Company, and during the Executive’s employment with the Company, he has become familiar with the Company’s and its subsidiaries’ business plans and strategies, and with other proprietary and confidential information concerning the Company and its subsidiaries, their businesses, executives and customers or clients. As used in this Agreement, “Confidential Information” shall mean any information relating to the business or affairs of the Company, its subsidiaries or its customers, including but not limited to information relating to financial statements, executives, software tools, business methods, equipment, programs, methodologies, strategies and information, analyses, reports, notes, memoranda, data, ideas, processes, devices, programs, writings, research, personnel information, customer information, financial information, or other proprietary information used by the Company or any of its subsidiaries in connection with its business, provided, however, that Confidential Information shall not include any information which is in the public domain or becomes known in the industry through no wrongful act on the part of the Executive. The Executive acknowledges that the Confidential Information is confidential and proprietary to the Company.
Acknowledgement of Receipt of Confidential Information. Executive acknowledges that in his role as an executive with the Company, Executive received Confidential Information (as defined in the Ancillary Louisiana Unfair Competition, Confidentiality and Non-Competition Agreement entered into between Executive and the Company dated October 11, 2010 and the Texas and Non-Louisiana Unfair Competition, Confidentiality and Non-Competition Agreement entered into between Executive and the Company dated October 11, 2010 (collectively referred to in this Agreement as the “Non-Competition Agreements”)).
Acknowledgement of Receipt of Confidential Information. EMPLOYEE acknowledges that he has occupied a position of trust and confidence with the Bank, and during EMPLOYEE'S employment with the Bank, he has become familiar with the Bank's trade secrets, business plans and strategies, and with other proprietary and confidential information regarding the Bank and its business, employees, and members. EMPLOYEE agrees that (a) the agreements and covenants contained in this section are essential to protect the Bank and the goodwill of its business; (b) the Bank would be irreparably damaged if EMPLOYEE were to disclose confidential information in violation of this provision; and (c) the Severance Benefits provided him under this Agreement are given to him in part in exchange for his agreement to the restrictions set forth herein. As used in this Agreement, "Confidential Information" shall mean any information relating to the business or affairs of the Bank or its customers, including, but not limited to, information relating to financial statements, identities of members and potential members, employees, suppliers, software tools, business methods, business plans, equipment, programs, methodologies, strategies and information, analyses, reports, models, calculations, profit margins, examination reports, or other proprietary information used by the Bank in connection with its business; provided, however, that Confidential Information shall not include any information which is in the public domain or becomes known in the industry through no wrongful act on the part of EMPLOYEE. EMPLOYEE acknowledges that Confidential Information is vital, sensitive, confidential, and proprietary to the Bank.
Acknowledgement of Receipt of Confidential Information. Xx. Xxxxxx acknowledges that he occupied a position of trust and confidence with the Seattle Bank, and during his employment with the Seattle Bank, he became familiar with the Seattle Bank's trade secrets, business plans and strategies, and
