Common use of Communication of Inside Information policy Clause in Contracts

Communication of Inside Information policy. Any director, officer or employee in possession of Inside Information concerning the Company has a duty to: (a) keep that information confidential; (b) take all reasonable steps to secure and keep secure that information in their possession; and (c) not disclose or communicate that information to any person without the prior written consent of the Board, except: (i) where necessary to comply with any court order, applicable law or the rules of any applicable securities exchange, provided that written notice is first given to the Board of the proposed disclosure and, to the extent practicable, reasonable endeavours are made to comply with any request by the Board concerning the proposed disclosure; or (ii) to any fellow employee, professional adviser, banker, auditor or other consultant of the Company (Receiving Party) strictly on a “need to know basis”, provided that prior to disclosure, the Receiving Party is notified of the confidential nature of the information to be disclosed and gives a signed undertaking (for the benefit of the Company) agreeing to be bound by the confidentiality and other obligations in this policy in relation to that information.

Communication of Inside Information policy. Any director, officer or employee in possession of Inside Information concerning the Company has a duty to: (a) keep that information confidential; (b) take all reasonable steps to secure and keep secure that information in their possession; and (c) not disclose or communicate that information to any person without the prior written consent of the Board, except: (i) where necessary to comply with any court order, applicable law or the rules of any applicable securities exchange, exchange provided that written notice is first given to the Board of the proposed disclosure and, to the extent practicable, reasonable endeavours are made to comply with any request by the Board concerning the proposed disclosure; or (ii) to any fellow employee, professional adviser, banker, auditor or other consultant of the Company (Receiving Party) strictly on a “need to know basis”, provided that prior to disclosure, the Receiving Party is notified of the confidential nature of the information to be disclosed and gives a signed undertaking (for the benefit of the Company) agreeing to be bound by the confidentiality and other obligations in this policy in relation to that information.