Common use of Competition Confidentiality Clause in Contracts

Competition Confidentiality. (a) Executive shall not, directly or indirectly: (i) during the term of this Agreement engage or be interested, whether as owner, partner, consultant, employee, agent or otherwise, in any business, activity or enterprise which is in competition with the Company's business, or (ii) neither during the term of this Agreement or thereafter, except on behalf of the Company in the regular course of the Company's business, use, divulge, furnish or make accessible to any third person or organization any confidential or proprietary information concerning the Company or its business, except to the extent required by law, and provided that information now or hereafter in the public domain shall not be deemed confidential or proprietary information. (b) Executive acknowledges that inasmuch as the Company will suffer immediate and irreparable harm in the event he breaches any of his obligations under this Agreement and inasmuch as the Company will not have an adequate remedy at law, the Company will, in addition to any other remedy available at law or in equity, be entitled to temporary, preliminary and permanent injunctive relief and a decree for specific performance of the terms and provisions of this Agreement in the event of Executive's breach or threatened or attempted breach hereof, without the necessity of showing any actual damage or posting bond or furnishing other security.

Competition Confidentiality. (a) Executive shall not, directly or indirectly: (i) during the term of this Agreement engage or be interested, whether as owner, partner, consultant, employee, agent or otherwise, in any business, activity or enterprise which is in competition with the Company's business, or (ii) neither during the term of this Agreement or thereafter, except on behalf of the Company in the regular course of the Company's business, use, divulge, furnish or make accessible to any third person or organization any confidential or proprietary information concerning the Company or its business, except to the extent required by law, and provided that information now or hereafter in the public domain shall not be deemed confidential or proprietary information. (b) Executive acknowledges that inasmuch as the Company will suffer immediate and irreparable harm in the event he she breaches any of his her obligations under this Agreement and inasmuch as the Company will not have an adequate remedy at law, the Company will, in addition to any other remedy available at law or in equity, be entitled to temporary, preliminary and permanent injunctive relief and a decree for specific performance of the terms and provisions of this Agreement in the event of Executive's breach or threatened or attempted breach hereof, without the necessity of showing any actual damage or posting bond or furnishing other security.