Common use of Acknowledgement of Receipt of Confidential Information Clause in Contracts

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.

Appears in 2 contracts

Samples: Resignation and Release Agreement, Resignation and Release Agreement (Federal Home Loan Bank of Seattle)

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Acknowledgement of Receipt of Confidential Information. XxMx. Xxxx Xxxxxxx acknowledges that she he has occupied a position of the highest trust and confidence with FHLB-Seattlethe Bank, and during XxMx. Xxxx’x Xxxxxxx’x employment with FHLB-Seattle, she the Bank he has become familiar with FHLB-Seattlethe Bank’s trade secrets, business plans and strategies, and with other proprietary and confidential information concerning FHLB-Seattlethe Bank, its business, employees and members. XxMx. Xxxx Xxxxxxx also understands that he may have access to such information if he is called upon to provide services under Section 10 of the Agreement. Mx. Xxxxxxx agrees that (a) the agreements and covenants contained in this paragraph Section are essential to protect FHLB-Seattle the Bank and the goodwill of its business; (b) FHLB-Seattle the Bank would be irreparably damaged if XxMx. Xxxx Xxxxxxx were to disclose confidential information in violation of these provisions of this the Agreement; and (c) the separation benefits severance payments provided her him under this Section 2 the Agreement are given to her him in part in exchange for her his agreement to the restrictions set forth below. As used in this the Agreement, “Confidential Information” shall mean any information relating to the business or affairs of FHLB-Seattle 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, equipment, programs, methodologies, strategies and information, analyses, reports, models, calculations, profit margins, exam findings, Board of Directors matters, or other proprietary information used by FHLB-Seattle 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 XxMx. XxxxXxxxxxx. XxMx. Xxxx Xxxxxxx acknowledges that the Confidential Information is vital, sensitive, confidential and proprietary to FHLB-Seattlethe Bank.

Appears in 1 contract

Samples: Resignation and Release Agreement (Federal Home Loan Bank of Des Moines)

Acknowledgement of Receipt of Confidential Information. XxMx. Xxxx Xxxxxx acknowledges that she he has occupied occupied, a position of the highest trust and confidence with FHLB-Seattlethe Bank, and during XxMx. Xxxx’x Xxxxxx’x employment with FHLB-Seattlethe Bank, she he has become familiar with FHLB-Seattlethe Bank’s trade secrets, business plans and strategies, and with other proprietary and confidential information concerning FHLB-Seattlethe Bank, its business, employees and members. XxMx. Xxxx Xxxxxx also understands that he may have access to such information if he is called upon to provide services under section 7 of this Agreement. Mx. Xxxxxx agrees that (a) the agreements and covenants contained in this paragraph section are essential to protect FHLB-Seattle the Bank and the goodwill of its business; (b) FHLB-Seattle the Bank would be irreparably damaged if XxMx. Xxxx Xxxxxx were to disclose confidential information in violation of these provisions of this Agreement; and (c) the separation benefits severance payments provided her him under section 1 this Agreement are given to her him in part in exchange for her 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 FHLB-Seattle 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, equipment, programs, methodologies, strategies and information, analyses, reports, models, calculations, profit margins, exam findings, Board of Directors matters, or other proprietary information used by FHLB-Seattle 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 XxMx. XxxxXxxxxx. XxMx. Xxxx Xxxxxx acknowledges that the Confidential Information is vital, sensitive, confidential and proprietary to FHLB-Seattlethe Bank.

Appears in 1 contract

Samples: Retirement, Resignation and Release Agreement (Federal Home Loan Bank of Des Moines)

Acknowledgement of Receipt of Confidential Information. XxMx. Xxxx Xxxxxx acknowledges that she he has occupied a position of the highest trust and confidence with FHLB-Seattlethe Bank, and during XxMx. Xxxx’x Xxxxxx’x employment with FHLB-Seattle, she the Bank he has become familiar with FHLB-Seattlethe Bank’s trade secrets, business plans and strategies, and with other proprietary and confidential information concerning FHLB-Seattlethe Bank, its business, employees and members. XxMx. Xxxx Xxxxxx also understands that he may have access to such information if he is called upon to provide services under Section 10 of the Agreement. Mx. Xxxxxx agrees that (a) the agreements and covenants contained in this paragraph Section are essential to protect FHLB-Seattle the Bank and the goodwill of its business; (b) FHLB-Seattle the Bank would be irreparably damaged if XxMx. Xxxx Xxxxxx were to disclose confidential information in violation of these provisions of this the Agreement; and (c) the separation benefits severance payments provided her him under this Section 2 the Agreement are given to her him in part in exchange for her his agreement to the restrictions set forth below. As used in this the Agreement, “Confidential Information” shall mean any information relating to the business or affairs of FHLB-Seattle 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, equipment, programs, methodologies, strategies and information, analyses, reports, models, calculations, profit margins, exam findings, Board of Directors matters, or other proprietary information used by FHLB-Seattle 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 XxMx. XxxxXxxxxx. XxMx. Xxxx Xxxxxx acknowledges that the Confidential Information is vital, sensitive, confidential and proprietary to FHLB-Seattlethe Bank.

Appears in 1 contract

Samples: Resignation and Release Agreement (Federal Home Loan Bank of Des Moines)

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Acknowledgement of Receipt of Confidential Information. Xx. Xxxx Ms. Angle acknowledges that she has occupied occupied, a position of the highest high trust and confidence with FHLB-Seattlethe Bank, and during Xx. Xxxx’x Ms. Angle’s employment with FHLB-Seattlethe Bank, she has become familiar with FHLB-Seattlethe Bank’s trade secrets, business plans and strategies, and with other proprietary and confidential information concerning FHLB-Seattlethe Bank, its business, employees and members. XxMs. Angle also understands that she may have access to such information if she is called upon to provide services under Section 10 of the Agreement. Xxxx Ms. Angle agrees that (a) the agreements and covenants contained in this paragraph Section are essential to protect FHLB-Seattle the Bank and the goodwill of its business; (b) FHLB-Seattle the Bank would be irreparably damaged if Xx. Xxxx Ms. Angle were to disclose confidential information in violation of these provisions of this the Agreement; and (c) the separation benefits severance payments provided her under this Section 2 of the Agreement are given to her in part in exchange for her agreement to the restrictions set forth below. As used in this the Agreement, “Confidential Information” shall mean any information relating to the business or affairs of FHLB-Seattle the Bank or its customers, including but not limited to information relating to non-public 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 FHLB-Seattle 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 or becomes part of the public domain 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-SeattleMs. Angle.

Appears in 1 contract

Samples: Resignation and Release Agreement (Federal Home Loan Bank of Des Moines)

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