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) Executive acknowledges that as a result of his employment by USI and the Company, Executive will obtain secret and confidential information as to USI and the Company and their affiliates and USI, the Company and their affiliates will suffer substantial damage, which would be difficult to ascertain, if Executive should use such confidential information and that because of the nature of the information that will be known to Executive it is necessary for USI, the Company and their affiliates to be protected by the prohibition against Competition as set forth herein, as well as the Confidentiality restrictions set forth herein.

Appears in 2 contracts

Samples: Employment Agreement (Usi Inc), Employment Agreement (Usi 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 by USI and the Company, Executive will obtain secret and confidential information as to USI and the Company and their affiliates and USI, USI and the Company and their affiliates will suffer substantial damage, which would be difficult to ascertain, if Executive should use such confidential information and that because of the nature of the information that will be known to Executive it is necessary for USI, the Company and their affiliates to be protected by the prohibition against Competition as set forth herein, as well as the Confidentiality restrictions set forth herein.

Appears in 2 contracts

Samples: Employment Agreement (Usi Inc), Employment Agreement (Usi Inc)

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