CONFIDENTIALITY, NON-COMPETITION AND CONFLICT OF INTEREST Clause Samples
CONFIDENTIALITY, NON-COMPETITION AND CONFLICT OF INTEREST. The Services Provider undertakes to sign on an undertaking that includes provisions relating to confidentiality and non-competition, attached herewith as Annex A to this Agreement and, furthermore, shall undertake to the Company that:
10.1. The Services Provider undertakes to keep strictly confidential any data and/or document and/or knowledge and/or information related to the provision of services to the Company and/or the Company's business activities. The Services Provider is aware that all such information, which is not in the public domain, constitutes property belonging to the Company. The aforementioned does not apply to information in the public domain, provided that it did not come into the public domain as a result of an act or omission by the Services Provider and/or his representative. The above does not derogate from the authority of the Services Provider to use the information, including to hand it to third parties, within and for the discharge of his duties as CEO of the Company and performance of his role in it and to the extent that the matter is required [sic]. The provisions of this section shall be applicable and shall bind the Services Provider without time limitation (even after the termination or cancellation of this Agreement for any reason whatsoever), however they shall not apply or stop to apply, as appropriate, with regard to said knowledge or information that is in the public domain on the date of the entry into force of this Agreement or that will become part of the public domain thereafter not due to an action or omission of the Services Provider.
10.2. The Services Provider undertakes not to be in conflict of interest with his various businesses and the service provided by him to the Company. In any event giving rise to a risk of a conflict of interests, the Services Provider undertakes to notify the Company in advance and to obtain its approval in writing for the action, as described above.
10.3. In the course of the Agreement term and for an additional period of 12 months after its date of termination (for any reason whatsoever that shall cause the termination of the Agreement), the Services Provider shall not engage in and shall not provide services, whether directly or indirectly, including through a corporation in which he has economic interests, in activities that compete with the Company’s operations and within the Company’s fields of business.
10.4. For the avoidance of doubt it is clarified that, thereafter the peri...
CONFIDENTIALITY, NON-COMPETITION AND CONFLICT OF INTEREST. 11.1. The Service Provider undertakes to maintain in strict confidence any and all figures and/or documents and/or knowledge and/or information pertaining to the rendering of the Services to the Company and/or the Company’s business activity. The Service Provider is aware that any such information which is not in the public domain constitutes property which belongs to the Company. The aforesaid will not apply to information in the public domain, provided that the same shall not have reached the public domain as a result of either an act or an omission of the Service Provider and/or another on his behalf. The aforesaid does not derogate from the employee’s power to use the information, including its delivery to third parties, in the context and for the purpose of the performance of his duties as the CEO of the Company.
11.2. The Service Provider undertakes not to be found in the position of a conflict of interest between his various businesses and the Services rendered to the Company thereby. In any case where there is a concern of a conflict of interest, the Service Provider undertakes to notify the Company thereof in advance and to obtain its written consent to an act as specified above.
11.3. If the Service Provider wishes to discontinue his duties before the expiration of the agreement, it will not be able to render Services to a company which has business ties with the Company or to a competing company in the field of high-altitude solar UAVs, for the duration of 12 months from the expiration of the Advance Notice Period.
11.4. The Service Provider’s undertakings pursuant to this section, including all of the subsections hereof, constitute fundamental undertakings in this agreement.
CONFIDENTIALITY, NON-COMPETITION AND CONFLICT OF INTEREST. 11.1. The Services Provider undertakes to keep strictly confidential any data and/or document and/or knowledge and/or information related to the provision of services to the Company and/or the Company's business activities. The Services Provider is aware that all such information, which is not in the public domain, constitutes property belonging to the Company. The aforementioned does not apply to information in the public domain, provided that it did not come into the public domain as a result of an act or omission by the Services Provider and/or his representative. The above does not derogate from the authority of the Services Provider to use the information, including to hand it to third parties, within and for the discharge of his duties as CEO.
11.2. The Services Provider undertakes not to be in conflict of interest with his various businesses and the service provided by him to the Company. In any event giving rise to a risk of a conflict of interests, the Services Provider undertakes to notify the Company in advance and to obtain its approval in writing for the action, as described above.
11.3. If the Services Provider requests to leave his post before the end of the Agreement, he will not be able to provide services to a company with a business relationship with the Company or a competitor for a period of 12 months from the end of the Advance Notice Period.
11.4. The undertakings of the Services Provider under this Section are fundamental undertakings in this Agreement.