Common use of Confidentiality; Non-Disparagement Clause in Contracts

Confidentiality; Non-Disparagement. Employee agrees that the terms and conditions of the Agreement shall remain confidential as and between the parties, and Employee shall not disclose them to any other person, except as may be required to be disclosed pursuant to any applicable securities law. Without limiting the generality of the foregoing, Employee will not respond to or in any way participate in or contribute to any public discussion, notice or other publicity concerning or in any way relating to the execution of this Agreement or the events including any negotiations which led to its execution. Without limiting the generality of the foregoing, Employee specifically agrees that Employee shall not disclose information regarding this Agreement to any current or former employee of Company. Without limiting the foregoing, Employee may disclose the monetary aspects of this Agreement to Employee’s spouse, attorneys or financial advisors provided Employee informs them of this confidentiality provision. Employee hereby agrees that disclosure of any terms or the conditions of the Agreement in violation of the foregoing shall constitute and be treated as a material breach of this Agreement. Employee further agrees that Employee will not make disparaging, uncomplimentary or negative remarks about Company, its products, business affairs or employees. Except as permitted per the below and in addition to any damages or relief available under applicable law (including monetary damages and/or injunctive or other equitable relief), as damages from a violation of this Section will be difficult to measure, the parties agree that liquidated damages of $50,000 are reasonable, and Employee shall pay Company this amount for any breach of this Section. The Company further agrees that it will not make, and will direct its named executive officers and members of the Company’s board of directors not to make, disparaging, uncomplimentary or negative remarks about Employee or his business affairs.

Appears in 1 contract

Samples: Separation and General Release Agreement (Meta Financial Group Inc)

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Confidentiality; Non-Disparagement. Employee agrees to protect and maintain the confidentiality of all information in his possession related to the Company, including information about is finances, technology, employees, sales or prospective sales, customers and all other information not publicly known or available. Employee agrees to abide by, and hereby reaffirms, his obligations contained in the MicroVision, Inc. Confidentiality and Inventions Agreement that he has previous signed. Employee agrees that he will not disparage or criticize the terms Company, its Board of Directors, management, products or services and conditions will not otherwise do or say anything that could disrupt the morale of the Agreement shall remain confidential as and between employees of the partiesCompany or interfere in any way with the Company's business interests, and Employee shall not disclose them to its reputation or any of its customer or other personbusiness relationships. Specifically, except as may be required to be disclosed pursuant to any applicable securities law. Without but without limiting the generality of the foregoing, Employee agrees that he will not respond disparage the Company to potential future investors or otherwise interfere in any way participate manner with the Company's efforts to obtain financing in the future. Nothing in this Agreement shall prohibit truthful testimony in any proceeding. EMPLOYEE COOPERATION. Employee agrees to cooperate with the Company hereafter with respect to all matters arising during or contribute related to his employment, including but not limited to all matters in connection with any public discussiongovernmental investigation, notice litigation or regulatory or other publicity concerning proceeding which may have arisen or in any way relating to which may arise following the execution of this Agreement or the events including any negotiations which led to its execution. Without limiting the generality of the foregoing, Employee specifically agrees that Employee shall not disclose information regarding this Agreement to any current or former employee of Company. Without limiting the foregoing, Employee may disclose the monetary aspects of this Agreement to Employee’s spouse, attorneys or financial advisors provided Employee informs them of this confidentiality provision. Employee hereby agrees that disclosure of any terms or the conditions of the Agreement in violation of the foregoing shall constitute and be treated as a material breach signing of this Agreement. Employee further agrees that Employee will not make disparaging, uncomplimentary or negative remarks about Company, its products, business affairs or employees. Except as permitted per the below and in addition to any damages or relief available under applicable law (including monetary damages and/or injunctive or other equitable relief), as damages from a violation of this Section will be difficult to measure, the parties agree that liquidated damages of $50,000 are reasonable, and Employee shall pay Company this amount for any breach of this Section. The Company further agrees that it will not makereimburse Employee's out-of-pocket expenses incurred in complying with Company requests hereunder, and will direct its named executive officers and members of provided such expenses are authorized by the Company’s board of directors not to make, disparaging, uncomplimentary or negative remarks about Employee or his business affairsCompany in advance.

Appears in 1 contract

Samples: Severance Agreement (Microvision Inc)

Confidentiality; Non-Disparagement. Employee agrees that the terms and conditions of the Agreement shall remain confidential as and between the parties, and Employee shall not disclose them to any other person, except as may be required to be disclosed pursuant to any applicable securities law. Without limiting the generality of the foregoing, Employee will not respond to or in any way participate in or contribute to any public discussion, notice or other publicity concerning or in any way relating to the execution of this Agreement or the events including any negotiations which led to its execution. Without limiting the generality of the foregoing, Employee specifically agrees that Employee shall not disclose information regarding this Agreement to any current or former employee of Company. Without limiting the foregoing, Employee may disclose the monetary aspects of this Agreement to Employee’s spouse, attorneys or financial advisors provided Employee informs them of this confidentiality provision. Employee hereby agrees that disclosure of any terms or the conditions of the Agreement in violation of the foregoing shall constitute and be treated as a material breach of this Agreement. Employee further agrees that Employee will not make disparaging, uncomplimentary or negative remarks about Company, its products, business affairs or employees. Except as permitted per the below and in addition to any damages or relief available under applicable law (including monetary damages and/or injunctive or other equitable relief), as damages from a violation of this Section will be difficult to measure, the parties agree that liquidated damages of $50,000 are reasonable, and Employee shall pay Company this amount for any breach of this Section. The Company further agrees that it will not make, and will direct its named executive officers and members of the Company’s board of directors not to make, disparaging, uncomplimentary or negative remarks about Employee or his business affairs.

Appears in 1 contract

Samples: Separation and General Release Agreement (Meta Financial Group Inc)

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Confidentiality; Non-Disparagement. Employee agrees that the terms and conditions of the Agreement shall remain confidential as and between the parties, and Employee shall not disclose them to any other person, except as may be required to be disclosed pursuant to any applicable securities law. Without limiting the generality of the foregoing, Employee will not respond to or in any way participate in or contribute to any public discussion, notice or other publicity concerning or in any way relating to the execution of this Agreement or the events including any negotiations which led to its execution. Without limiting the generality of the foregoing, Employee specifically agrees that Employee shall not disclose information regarding this Agreement to any current or former employee of CompanyBank. Without limiting the foregoing, Employee may disclose the monetary aspects of this Agreement to Employee’s spouse, attorneys or financial advisors provided Employee informs them of this confidentiality provision. Employee hereby agrees that disclosure of any terms or the conditions of the Agreement in violation of the foregoing shall constitute and be treated as a material breach of this Agreement. Employee further agrees that Employee will not make disparaging, uncomplimentary or negative remarks about CompanyBank, its products, business affairs or employees. Except as permitted per the below and in addition to any damages or relief available under applicable law (including monetary damages and/or injunctive or other equitable relief), as damages from a Employee expressly agrees that Employee’s violation of this Section will be difficult 5 relating to measure, the parties agree that liquidated damages of $50,000 are reasonable, confidentiality/non-disparagement shall entitle Bank to any and Employee shall pay Company this amount for any breach of this Section. The Company further agrees that it will not make, all rights and will direct its named executive officers and members of the Company’s board of directors not to make, disparaging, uncomplimentary remedies available at law or negative remarks about Employee or his business affairsin equity.

Appears in 1 contract

Samples: Severance Agreement (Meta Financial Group Inc)

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