Common use of Confidentiality; Covenants Not-To-Compete Clause in Contracts

Confidentiality; Covenants Not-To-Compete. (a) Acknowledgment of Proprietary Interest. Employee acknowledges and agrees that he has had access to proprietary information and also recognizes the sole proprietary interest of Employer in any Trade Secrets (as hereinafter defined) of Employer. Employee further acknowledges and agrees that any and all Trade Secrets of Employer, learned by Employee during the course of his employment by Employer or otherwise, whether developed by Employee alone or in conjunction with others or otherwise, is and shall be the property of Employer. Employee further acknowledges and understands that his disclosure of any Trade Secrets of Employer will result in irreparable injury and damage to Employer. As used herein, "Trade Secrets" means all non-public confidential and proprietary information of Employer whether embodied in writing, a computer disk, video or magnetic tape, CD-Rom or in other form, relating to the business, operations or affairs of Employer and, any other confidential information that Employee may then possess or have under Employee's control, including, without limitation, information derived from reports, investigations, experiments, research, work in progress, drawings, designs, plans, proposals, codes, marketing and sales programs, client lists, mailing lists, financial projections, any information regarding Employer's oil and gas properties, maps, plats, surveys, geophysical and geological data, cost summaries, pricing formula, reports, studies, well logs, production data, land and title records, leases and all other materials, or information prepared, compiled, evaluated, interpreted or performed, for or by Employer. "Trade Secrets" also includes confidential information related to the business, products or sales of Employer or Employer's customers or other business relationships.

Confidentiality; Covenants Not-To-Compete. (a) Acknowledgment of Proprietary Interest. Employee acknowledges and agrees that he has had access to proprietary information and also recognizes the sole proprietary interest of Employer in any Trade Secrets (as hereinafter defined) of Employer. Employee further acknowledges and agrees that any and all Trade Secrets of Employer, learned by Employee during the course of his employment by Employer or otherwise, whether developed by Employee alone or in conjunction with others or otherwise, is and shall be the property of Employer. Employee further acknowledges and understands that his disclosure of any Trade Secrets of Employer will result in irreparable injury and damage to Employer. As used herein, "“Trade Secrets" ” means all non-public confidential and proprietary information of Employer whether embodied in writing, a computer disk, video or magnetic tape, CD-Rom or in other form, relating to the business, operations or affairs of Employer and, any other confidential information that Employee may then possess or have under Employee's ’s control, including, without limitation, information derived from reports, investigations, experiments, research, work in progress, drawings, designs, plans, proposals, codes, marketing and sales programs, client lists, mailing lists, financial projections, any information regarding Employer's ’s oil and gas properties, maps, plats, surveys, geophysical and geological data, cost summaries, pricing formula, reports, studies, well logs, production data, land and title records, leases and all other materials, or information prepared, compiled, evaluated, interpreted or performed, for or by Employer. "“Trade Secrets" ” also includes confidential information related to the business, products or sales of Employer or Employer's ’s customers or other business relationships.