Confidential Information Non Competition. (a) The Executive shall hold in a fiduciary capacity for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of its affiliated companies and their respective businesses that the Executive obtains during the Executive's employment by the Company or any of its affiliated companies and that is not public knowledge (other than as a result of the Executive's violation of this Section 9) ("Confidential Information"). The Executive shall not communicate, divulge or disseminate Confidential Information at any time during or after the Executive's employment with the Company, except with the prior written consent of the Company or as otherwise required by law or legal process. (b) If the Executive has terminated his employment for any reason other than Good Reason, the Executive agrees not to compete with the business of the Company or be employed by a competitor of the Company while the Executive is receiving termination payments under Section 5.
Appears in 4 contracts
Samples: Employment Agreement (HPSC Inc), Employment Agreement (HPSC Inc), Employment Agreement (HPSC Inc)
Confidential Information Non Competition. (a) The Executive shall hold in a fiduciary capacity for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of its affiliated companies and their respective businesses that the Executive obtains during the Executive's ’s employment by the Company or any of its affiliated companies and that is not public knowledge (other than as a result of the Executive's ’s violation of this Section 9) ("“Confidential Information"”). The Executive shall not communicate, divulge or disseminate Confidential Information at any time during or after the Executive's ’s employment with the Company, except with the prior written consent of the Company or as otherwise required by law or legal process.
(b) If the Executive has terminated his employment for any reason other than Good Reason, the Executive agrees not to compete with the business of the Company or be employed by a competitor of the Company while the Executive is receiving termination payments under Section 5.
Appears in 2 contracts
Samples: Employment Agreement (HPSC Inc), Employment Agreement (HPSC Inc)