Common use of Confidential Information; Tangible Property; Competitive Activities Clause in Contracts

Confidential Information; Tangible Property; Competitive Activities. a) During the Employment Term and for a period of two years thereafter, Employee shall hold in confidence and not use or disclose to any person or entity without the express written authorization of Employer any Confidential Information of Employer. For purposes of this Section 2.3, "Employer" shall include all corporations and entities controlled by, controlling or under common control with, Employer, and "control" shall mean beneficial ownership of greater than fifty percent (50%) of the voting power of the corporation or entity. Information and materials received in confidence from third parties by Employee are included within the meaning of the phrase "Confidential Information of Employer" as used in this Section. If any Confidential Information of Employer described in this Section is sought by legal process, Employee shall promptly notify Employer and will cooperate with Employer in preserving its confidentiality in connection with any legal proceeding.