Common use of Confidential Information and Nondisclosure Clause in Contracts

Confidential Information and Nondisclosure. (a) Employee acknowledges that pursuant to his employment hereunder, Employee occupies a position of trust and confidence. Accordingly, in the course of performing the employment obligations hereunder, Employee will have access to and may develop or obtain certain Confidential Information. (b) Employee agrees that all Confidential Information shall remain the exclusive property of the Corporation during and after Employee’s employment with the Corporation. Employee further agrees that during and after the term hereof, he shall not, except for the benefit of the Corporation pursuant to the exercise of his duties hereunder or with prior written consent of the Corporation, use for any purpose or disclose to any third party any of the Confidential Information. (c) All information, drawings, documents and materials whether in writing, on computer disks, computer hard drive, on magnetic tape or otherwise prepared by Employee in connection with his employment are hereby assigned to the Corporation without reservation of any rights by Employee, and all such information which Employee obtains in the course of or as result of his employment by the Corporation in all cases shall be the sole and exclusive property of the Corporation and will be delivered to the Corporation by Employee on the earlier of a demand by the Corporation or promptly after the Termination Date, together with all written, computer, magnetic tape or other evidence of the information, drawings, document and materials, if any, furnished by any Western Company to Employee in connection with Employee’s employment. (d) If Employee violates this agreement of confidentiality, Employee agrees that the Western Companies shall, in addition to any other remedy provided by law, be permitted to pursue an action for injunctive relief, monetary damages, or both.