Common use of Confidential Nature of Relationship Clause in Contracts

Confidential Nature of Relationship. Employee acknowledges (i) the highly competitive nature of the business and the industry in which Employer competes; (ii) that as a key executive of Employer he/she has participated in and will continue to participate in the service of current customers and/or the solicitation of prospective customers, through which, among other things, Employee has obtained and will continue to obtain knowledge of the “know-how” and business practices of Employer, in which matters Employer has a substantial proprietary interest; (iii) that his/her employment hereunder renders the performance of services which are special, unique, extraordinary and intellectual in character, and his/her position with Employer placed and places him/her in a position of confidence and trust with the customers and employees of Employer; and (iv) that his/her rendering of services to the customers of Employer necessarily requires the disclosure to Employee of Trade and Business Secrets, Proprietary and Confidential Information, and Employer Materials (as defined in Section 9.03 below) of Employer. In the course of Employee’s employment with Employer, Employee has and will continue to develop a personal relationship with the customers and prospective customers (defined for purposes of this Agreement as customers that Employer is either actively soliciting or in the process of making a proposal for services to as of Employee’s Separation Date) of Employer and a knowledge of those customers’ and prospective customers’ affairs and requirements, and the relationship of Employer with its established clientele has been, and will continue to be, placed in Employee’s hands in confidence and trust. Employee consequently agrees that it is a legitimate interest of Employer, and reasonable and necessary for the protection of the confidential information, goodwill and business of Employer, which is valuable to Employer, that Employee make the covenants contained herein. Employee Initials ____

Confidential Nature of Relationship. Employee acknowledges (i) the highly competitive nature of the business and the industry in which Employer the Bank competes; (ii) that as a key executive of Employer the Bank he/she has participated in and will continue to participate in the service of current customers and/or the solicitation of prospective customers, through which, among other things, Employee has obtained and will continue to obtain knowledge of the “know-how” and business practices of Employerthe Bank, in which matters Employer the Bank has a substantial proprietary interest; (iiiinterest;(iii) that his/her employment hereunder renders the performance of services which are special, unique, extraordinary and intellectual in character, and his/her position with Employer the Bank placed and places him/her in a position of confidence and trust with the customers and employees of Employerthe Bank; and (iv) that his/her rendering of services to the customers of Employer the Bank necessarily requires the disclosure to Employee of Trade and Business Secrets, Proprietary and Confidential Information, and Employer Bank Materials (as defined in Section 9.03 8.03 below) of Employerthe Bank. In the course of Employee’s employment with Employerthe Bank, Employee has and will continue to develop a personal relationship with the customers and prospective customers (defined for purposes of this Agreement as customers that Employer the Bank is either actively soliciting or in the process of making a proposal for services to as of Employee’s Separation Date) of Employer the Bank and a knowledge of those customers’ and prospective customers’ affairs and requirements, and the relationship of Employer the Bank with its established clientele has been, and will continue to be, placed in Employee’s hands in confidence and trust. Employee consequently agrees that it is a legitimate interest of Employerthe Bank, and reasonable and necessary for the protection of the confidential information, goodwill and business of Employerthe Bank, which is valuable to Employerthe Bank, that Employee make the covenants contained herein. Employee Initials Initials_____