Common use of Confidential Information, Non-Competition and Non-Solicitation of the Company Clause in Contracts

Confidential Information, Non-Competition and Non-Solicitation of the Company. (a) (i) Executive acknowledges that, as a result of his employment hereunder, Executive will obtain secret and confidential information of the Company and the Company will suffer substantial damage, which would be difficult to ascertain and in an amount which would be difficult to compute, if Executive should use any of such confidential information and that because of the nature of the information that will be known to Executive, it is necessary for the Company to be protected by the prohibition against Competition as set forth herein, as well as the Confidentiality restrictions set forth herein.

Appears in 3 contracts

Samples: Employment Agreement (Factory 2 U Stores Inc), Employment Agreement (Factory 2 U Stores Inc), Employment Agreement (Factory 2 U Stores Inc)

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Confidential Information, Non-Competition and Non-Solicitation of the Company. (a) (i) a. Executive acknowledges that, that as a result of his Executive’s employment hereunderby the Company, Executive will obtain secret and confidential information of as to the Company and its affiliates and create relationships with customers, suppliers and other persons dealing with the Company and its affiliates and the Company and its affiliates will suffer substantial damage, which would be difficult to ascertain and in an amount which would be difficult to computeascertain, if Executive should use any of such confidential information or take advantage of such relationship and that because of the nature of the information that will be known to Executive, Executive and the relationships created it is necessary for the Company and its affiliates to be protected by the prohibition against Competition as set forth herein, as well as the Confidentiality confidentiality restrictions set forth herein.

Appears in 2 contracts

Samples: Change in Control Agreement (Jacuzzi Brands Inc), Change in Control Agreement (Jacuzzi Brands Inc)

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Confidential Information, Non-Competition and Non-Solicitation of the Company. (a) (i) Executive acknowledges that, as a result of his employment hereunder, Executive will obtain secret and confidential information of the Company and the Company will suffer substantial damage, which would be difficult to ascertain and in an amount which would be difficult to compute, if Executive should use any of such confidential information and that because of the nature of the information that will be known to Executive, Executive it is necessary for the Company to be protected by the prohibition against Competition as set forth herein, as well as the Confidentiality restrictions set forth herein.

Appears in 1 contract

Samples: Employment Agreement (Factory 2 U Stores Inc)

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