Common use of Confidentiality Non Competition Etc Clause in Contracts

Confidentiality Non Competition Etc. (a) Executive acknowledges that: (i) the Business is highly competitive and that Executive's employment by the Company will require that Executive have access to and knowledge of confidential information of the Company which may include, but shall not be limited to, the identity of the Company's customers, the identity of the representatives of customers with whom the Company has dealt, the kinds of products and services provided by the Company to customers and offered to potential customers, the manner in which such products are manufactured and such services are performed or offered to be manufactured or performed, the needs of actual or prospective customers, pricing information, information concerning the creation, acquisition or disposition of products and services, computer software applications and other programs, personnel information and other trade secrets not generally known to the public (the "Confidential Information"); (ii) the direct and indirect disclosure of any such Confidential Information to existing or potential competitors of the Company would place the Company at a competitive disadvantage and would do damage, monetary or otherwise, to the Company's business; and (iii) the engaging by Executive in any of the activities prohibited by this Section 8 would constitute improper appropriation and/or use of such Confidential Information. Executive expressly acknowledges the trade secret status of the Confidential Information and that the Confidential Information constitutes a protectible business interest of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Steel of West Virginia Inc), Employment Agreement (Swva Acquisition Inc)

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Confidentiality Non Competition Etc. (a) Executive Employee acknowledges that: (i) the Business is highly intensely competitive and that ExecutiveEmployee's employment by the Company will require that Executive Employee have access to and knowledge of confidential information of the Company which may includeCompany, including, but shall not be limited to, the identity of the Company's customers, the identity of the representatives of customers with whom the Company has dealt, the kinds of products and services provided by the Company to customers and offered to be performed for potential customers, the manner in which such products are manufactured and such services are performed or offered to be manufactured or performed, the service needs of actual or prospective customers, pricing information, information concerning the creation, acquisition or disposition of products and services, computer software applications and other programs, personnel information and other trade secrets not generally known to the public (the "Confidential Information"); (ii) the direct and indirect disclosure of any such Confidential Information to existing or potential competitors of the Company would place the Company at a competitive disadvantage and would do damage, monetary or otherwise, to the Company's business; and (iii) the engaging by Executive Employee in any of the activities prohibited by this Section 8 would 7 may constitute improper appropriation and/or use of such Confidential Information. Executive Employee expressly acknowledges the trade secret status of the Confidential Information and that the Confidential Information constitutes a protectible business interest of the Company.. Accordingly, the Company and Employee agree as follows:

Appears in 1 contract

Samples: Employment Agreement (HFS Inc)

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Confidentiality Non Competition Etc. (a) Executive acknowledges that: (i) the Business is highly intensely competitive and that Executive's employment by the Company will require that Executive have access to and knowledge of confidential information of the Company which may includeCompany, including, but shall not be limited to, the identity of the Company's customers, the identity of the representatives of customers with whom the Company has dealt, the kinds of products and services provided by the Company to customers and offered to be performed for potential customers, the manner in which such products are manufactured and such services are performed or offered to be manufactured or performed, the service needs of actual or prospective customers, pricing information, information concerning the creation, acquisition or disposition of products and services, computer software applications and other programs, personnel information and other trade secrets not generally known to the public (the "Confidential Information"); (ii) the direct and indirect disclosure of any such Confidential Information to existing or potential competitors of the Company would place the Company at a competitive disadvantage and would do damage, monetary or otherwise, to the Company's business; and (iii) the engaging by Executive in any of the activities prohibited by this Section 8 would may constitute improper appropriation and/or use of such Confidential Information. Executive expressly acknowledges the trade secret status of the Confidential Information and that the Confidential Information constitutes a protectible business interest of the Company.. Accordingly, the Company and Executive agree as follows:

Appears in 1 contract

Samples: Employment Agreement (HFS Inc)

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