Common use of Confidentiality and Non-Competition Agreements for Key Employees Clause in Contracts

Confidentiality and Non-Competition Agreements for Key Employees. The Corporation shall cause each person who is presently an employee of or a consultant or independent contractor to the Corporation or who becomes an employee of or a consultant to the Corporation subsequent to the date hereof and who shall have or be proposed to have access to confidential or proprietary information of the Corporation to execute a confidentiality and non-competition agreement in form and substance attached hereto or otherwise approved by the Board prior to the commencement of such person's employment by the Corporation in such capacity.

Appears in 7 contracts

Samples: Stockholders' Agreement (Activbiotics Inc), Stockholders' Agreement (Nitromed Inc), Stockholders' Agreement (Activbiotics Inc)

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Confidentiality and Non-Competition Agreements for Key Employees. The Corporation shall cause each person who is presently an employee of or a consultant or independent contractor to the Corporation or who becomes an employee of or a consultant to the Corporation subsequent to the date hereof and who shall have or be proposed to have access to confidential or proprietary information of the Corporation Corporation, to execute a confidentiality agreement, and with respect to officers and key employees, a non-competition agreement agreement, in either case, in form and substance attached hereto or otherwise approved by the Board prior to the commencement of such person's employment by the Corporation in such capacity.

Appears in 1 contract

Samples: Stockholders' Agreement (Tolerrx Inc)

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