Common use of Affirmative Duty to Disclose Clause in Contracts

Affirmative Duty to Disclose. Van Xxxxxxx shall promptly communicate and disclose to the Company all observations made, information received, and data maintained relating to the business of the Company obtained by him as a consequence of his employment by the Company. All written material, possessed during his employment with the Company concerning business affairs of the Company or any of its affiliates, are the sole property of the Company and its affiliates, and Van Xxxxxxx is obligated to make reasonably prompt disclosures of such information and documents to the Company, and, further, upon termination of this Agreement, or upon request of the Company, Van Xxxxxxx shall promptly deliver the same to the Company or its affiliates, and shall not retain any copies of same.

Appears in 3 contracts

Samples: Employment Agreement (Parks America, Inc), Employment Agreement (Parks America, Inc), Employment Agreement (Parks America, Inc)

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Affirmative Duty to Disclose. Van Xxxxxxx shall promptly communicate and disclose to the Company all observations made, information received, and data maintained relating to the business of the Company obtained by him as a consequence of his employment by the Company. All written material, possessed possession during his employment with the Company concerning business affairs of the Company or any of its affiliates, are the sole property of the Company and its affiliates, and Van Xxxxxxx is obligated to make reasonably prompt disclosures of such information and documents to the Company, and, further, upon termination of this Agreement, or upon request of the Company, Van Xxxxxxx shall promptly deliver the same to the Company or its affiliates, and shall not retain any copies of same.

Appears in 1 contract

Samples: Employment Agreement (Great American Family Parks Inc)

Affirmative Duty to Disclose. Van Xxxxxxx Vxxxxxx shall promptly communicate and disclose to the Company all observations made, information received, and data maintained relating to the business of the Company obtained by him as a consequence of his employment by the Companyemployment. All written material, possessed during his employment with the Company concerning business affairs of the Company or any of its affiliates, are the sole property of the Company and its affiliates, and Van Xxxxxxx Vxxxxxx is obligated to make reasonably prompt disclosures of such information and documents to the Company, and, further, upon termination of this Agreement, or upon request of the Company, Van Xxxxxxx Vxxxxxx shall promptly deliver the same to the Company or its affiliates, and shall not retain any copies of same.

Appears in 1 contract

Samples: Employment Agreement (Parks America, Inc)

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Affirmative Duty to Disclose. Van Xxxxxxx Vxxxxxx shall promptly communicate and disclose to the Company all observations made, information received, and data maintained relating to the business of the Company obtained by him as a consequence of his employment by the Company. All written material, possessed during his employment with the Company concerning business affairs of the Company or any of its affiliates, are the sole property of the Company and its affiliates, and Van Xxxxxxx Vxxxxxx is obligated to make reasonably prompt disclosures of such information and documents to the Company, and, further, upon termination of this Agreement, or upon request of the Company, Van Xxxxxxx Vxxxxxx shall promptly deliver the same to the Company or its affiliates, and shall not retain any copies of same.

Appears in 1 contract

Samples: Employment Agreement (Parks America, Inc)

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