Common use of Competition; Confidential Information Clause in Contracts

Competition; Confidential Information. The Executive and the ------------------------------------- Companies recognize that due to the nature of his association with the Companies and of his engagements hereunder, and the relationship of the Executive to the Companies, both in the past as an organizer and in the future hereunder, the Executive has had access to and has acquired, will have access to and will acquire, and has assisted in and may assist in developing, confidential and proprietary information relating to the business and operations of the Companies and their affiliates, including, without limiting the generality of the foregoing, information with respect to its present and prospective systems, customers, agents, accounts, deposits, loans, and sales and marketing methods. The Executive acknowledges that such information has been and will continue to be of central importance to the business of the Companies and their affiliates and that disclosure of it to or its use by others could cause substantial loss to the Companies. The Executive and the Companies also recognize that an important part of the Executive's duties will be to develop good will for the Companies and their affiliates through his personal contact with customers, agents and others having business relationships with the Companies and their affiliates, and that there is a danger that this good will, a proprietary asset of the Companies and their affiliates, may follow the Executive if and when his relationship with the Companies is terminated. The Executive accordingly agrees as follows:

Appears in 2 contracts

Samples: Employment Agreement (Columbia Bancorp), Employment Agreement (Columbia Bancorp)

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Competition; Confidential Information. The Executive and the ------------------------------------- Companies recognize that due to the nature of his association with the Companies and of his engagements hereunder, and the relationship of the Executive to the Companies, both in the past as an organizer and in the future hereunder, the Executive has had access to and has acquired, will have access to and will acquire, and has assisted in and may assist in developing, confidential and proprietary information relating to the business and operations of the Companies and their affiliates, including, without limiting the generality of the foregoing, information with respect to its present and prospective systems, customers, agents, accounts, deposits, loans, and sales and marketing methods. The Executive acknowledges that such information has been and will continue to be of central importance to the business of the Companies and their affiliates and that disclosure of it to or its use by others could cause substantial loss to the Companies. The Executive and the Companies also recognize that an important part of the Executive's duties will be to develop good will for the Companies and their affiliates through his personal contact with customers, agents and others having business relationships with the Companies and their affiliates, and that there is a danger that this good will, a proprietary asset of the Companies and their affiliates, may follow the Executive if and when his relationship with the Companies is terminated. The Executive accordingly agrees as follows:

Appears in 1 contract

Samples: Employment Agreement (Columbia Bancorp)

Competition; Confidential Information. 2.1 Employee's Access to Confidential and Proprietary Information. ------------------------------------------------------------- (a) The Executive and the ------------------------------------- Companies Corporation recognize that due to the nature of his her prior association with the Companies Corporation and its affiliates and of his her engagements hereunder, and the relationship of the Executive to the Companies, Corporation and its affiliates both in the past as an organizer executive and in the future hereunder, the Executive has had access to and has acquired, will have access to and will acquire, and has assisted in and may assist in developing, confidential and proprietary information relating to the business and operations of the Companies Corporation and their its affiliates, including, without limiting the generality of the foregoing, information with respect to its present and prospective systemsproposed projects, customerstransactions completed and under negotiation, agents, accounts, deposits, loans, financing and sales and marketing methods. The Executive acknowledges that such information has been and will continue to be of central vital importance to the business of the Companies Corporation and their its affiliates and that disclosure of it to or its use by others could cause substantial loss to the CompaniesCorporation. The Executive and the Companies Corporation also recognize that an important part of the Executive's duties will be to develop good will for the Companies Corporation and their its affiliates through his her personal contact with customers, agents and others having business relationships with the Companies Corporation and their its affiliates, and that there is a danger that this good will, a proprietary asset of the Companies Corporation and their its affiliates, may follow the Executive if and when his her relationship with the Companies Corporation is terminated. The Executive accordingly agrees as follows:

Appears in 1 contract

Samples: Employment Agreement (Healthcare Financial Partners Inc)

Competition; Confidential Information. 2.1 Employee's Access to Confidential and Proprietary Information. ------------------------------------------------------------- (a) The Executive and the ------------------------------------- Companies Corporation recognize that due to the nature of his prior association with the Companies Corporation and its affiliates and of his engagements hereunder, and the relationship of the Executive to the Companies, Corporation and its affiliates both in the past as an organizer executive and in the future hereunder, the Executive has had access to and has acquired, will have access to and will acquire, and has assisted in and may assist in developing, confidential and proprietary information relating to the business and operations of the Companies Corporation and their its affiliates, including, without limiting the generality of the foregoing, information with respect to its present and prospective systemsproposed projects, customerstransactions completed and under negotiation, agents, accounts, deposits, loans, financing and sales and marketing methods. The Executive acknowledges that such information has been and will continue to be of central vital importance to the business of the Companies Corporation and their its affiliates and that disclosure of it to or its use by others could cause substantial loss to the CompaniesCorporation. The Executive and the Companies Corporation also recognize that an important part of the Executive's duties will be to develop good will for the Companies Corporation and their its affiliates through his personal contact with customers, agents and others having business relationships with the Companies Corporation and their its affiliates, and that there is a danger that this good will, a proprietary asset of the Companies Corporation and their its affiliates, may follow the Executive if and when his relationship with the Companies Corporation is terminated. The Executive accordingly agrees as follows:

Appears in 1 contract

Samples: Employment Agreement (Healthcare Financial Partners Inc)

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Competition; Confidential Information. The Executive and the Bank ------------------------------------- Companies recognize that due to the nature of his association with the Companies Bank and of his engagements hereunder, and the relationship of the Executive to the CompaniesBank, both in the past as an organizer and in the future hereunder, the Executive has had access to and has acquired, will have access to and will acquire, and has assisted in and may assist in developing, confidential and proprietary information relating to the business and operations of the Companies Bank and their its affiliates, including, without limiting the generality of the foregoing, information with respect to its present and prospective systems, customers, agents, accounts, deposits, loans, and sales and marketing methods. The Executive acknowledges that such information has been and will continue to be of central importance to the business of the Companies Bank and their its affiliates and that disclosure of it to or its use by others could cause substantial loss to the CompaniesBank. The Executive and the Companies Bank also recognize that an important part of the Executive's duties will be to develop good will goodwill for the Companies Bank and their its affiliates through his personal contact with customers, agents and others having business relationships with the Companies Bank and their its affiliates, and that there is a danger that this good willgoodwill, a proprietary asset of the Companies Bank and their its affiliates, may follow the Executive if and when his relationship with the Companies Bank is terminated. The Executive accordingly agrees as follows:

Appears in 1 contract

Samples: Employment Agreement (Columbia Bancorp)

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