CONFIDENTIAL INFORMATION; TRADE SECRETS. Employee acknowledges that during the course and as a result of his employment hereunder and previously with RMD, Employee has received or had access to, or contributed to the production of Confidential Information or Trade Secrets. Confidential Information or Trade Secrets means information that is proprietary to or in the unique knowledge of the Company and/or RMD (including information discovered or developed in whole or in part by Employee); or information that derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use, and is the subject of efforts that are reasonable under the circumstances to maintain its secrecy. Confidential Information shall also include all terms and conditions of this Agreement. Employee understands and acknowledges that all such information that he has previously obtained or will obtain in the course of Employee's employment hereunder constitutes Confidential Information or Trade Secrets. In particular, Employee agrees that this information includes among other things, procedures, manuals, confidential reports, lists of clients, customers, suppliers, or products, and information concerning the prices paid by the Company's', and/or RMD's customers to any of them, or by any of them to any of their suppliers. Employee further acknowledges and appreciates that any Confidential Information or Trade Secrets constitute valuable assets of the Company and RMD and that each of them intends any such information to remain secret and confidential. Employee therefore specifically agrees that except to the extent required by Employee's duties to the Company or as permitted by the express written consent of the Company's President and CEO or its Board of Directors, Employee shall never, either during employment hereunder or for a period of five (5) years thereafter, directly or indirectly use, discuss or disclose any of its Confidential Information or Trade Secrets or otherwise use such information to his own or a third party's benefit.
Appears in 2 contracts
Samples: Continuation Agreement (Dynasil Corp of America), Continuation Agreement (Dynasil Corp of America)
CONFIDENTIAL INFORMATION; TRADE SECRETS. Employee acknowledges that during the course and as a result of his employment hereunder and previously with RMDthe Company, Employee has received or had access to, or contributed to the production of Confidential Information or and/or Trade Secrets. Confidential Information or Trade Secrets means information that is proprietary to or in the unique knowledge of the Company and/or RMD (including information discovered or developed in whole or in part by Employee); or information that derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use, and is the subject of efforts that are reasonable under the circumstances to maintain its confidentiality or secrecy. Confidential Information shall also include all terms and conditions of this Agreement. Employee understands and acknowledges that all such information that he has previously obtained or will obtain in the course of Employee's employment hereunder with the Company constitutes Confidential Information or Trade Secrets. In particular, Employee agrees that this information includes among other things, business, strategic, marketing, production, distribution or similar plans or procedures, manuals, confidential reports, lists of clients, customers, suppliers, or products, and information concerning the prices of charges paid by the Company's', and/or RMD's customers to any of themthe Company, or by any of them the Company to any of their its suppliers. Employee further acknowledges and appreciates that any Confidential Information or Trade Secrets constitute valuable assets of the Company, that the Company and RMD and that each of them intends any such information to remain secret and confidential. Employee therefore specifically agrees that except to the extent required by Employee's duties to the Company or as permitted by the express written consent of the Company's President and CEO or its Board of Directors, Employee shall never, either during employment hereunder with the Company or for a period of five (5) years thereafter, directly or indirectly use, discuss or disclose any of its Confidential Information or Trade Secrets or otherwise use such information to his own or a third party's benefit.
Appears in 1 contract
Samples: Agreement (Dynasil Corp of America)
CONFIDENTIAL INFORMATION; TRADE SECRETS. Employee acknowledges that during the course and as a result of his her employment hereunder and previously with RMDOptometrics LLC, Employee has received or had access to, or contributed to the production of of, Confidential Information or Trade Secrets. Confidential Information or Trade Secrets means information that is proprietary to or in the unique knowledge of the Company and/or RMD (including information discovered or developed in whole or in part by Employee); or information that derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use, and is the subject of efforts that are reasonable under the circumstances to maintain its secrecy. Confidential Information shall also include all terms and conditions of this Agreement. Employee understands and acknowledges that all such information that he she has previously obtained or will obtain in the course of Employee's employment hereunder with the Company constitutes Confidential Information or Trade Secrets. In particular, Employee agrees that this information includes among other things, procedures, manuals, confidential reports, lists of clients, customers, suppliers, or products, and information concerning the prices of charges paid by the Company's', and/or RMD's customers to any of themthe Company, or by any of them the Company to any of their its suppliers. Employee further acknowledges and appreciates that any Confidential Information or Trade Secrets constitute valuable assets of the Company, that the Company and RMD and that each of them intends any such information to remain secret and confidential. Employee therefore specifically agrees that except to the extent required by Employee's duties to the Company or as permitted by the express written consent of the Company's President and CEO or its Board of Directors, Employee shall never, either during employment hereunder with the Company or for a period of five (5) years thereafter, directly or indirectly use, discuss or disclose any of its Confidential Information or Trade Secrets or otherwise use such information to his her own or a third party's benefit.
Appears in 1 contract
Samples: Dynasil Corp of America