Common use of Confidentiality/Nondisclosure Clause in Contracts

Confidentiality/Nondisclosure. Executive covenants and agrees that any and all information maintained as confidential by the Corporation and not generally known to the public concerning the customers, businesses and services of the Corporation of which he has knowledge or access as a result of his association with the Corporation in any capacity, shall be deemed confidential in nature and shall not, without the proper written consent of the Corporation, be directly or indirectly used, disseminated, disclosed or published by Executive to third parties other than in connection with the usual conduct of the business of the Corporation. Such information shall expressly include, but shall not be limited to, information concerning the Corporation’s trade secrets, business operations, business records, customer lists or other customer information. Upon termination of employment, the Executive shall deliver to the Corporation all property in his possession which belongs to the Corporation including all originals and copies of documents, forms, records or other information, in whatever form it may exist, concerning the Corporation or its business, customers, products or services. This Section 8 shall not be applicable to any information which, through no misconduct or negligence of Executive, has been disclosed to the public by anyone other than Executive.

Appears in 4 contracts

Samples: Employment Agreement (Middleburg Financial Corp), Employment Agreement (Middleburg Financial Corp), Employment Agreement (Middleburg Financial Corp)

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Confidentiality/Nondisclosure. Executive Employee covenants and agrees that any and all information maintained as confidential by the Corporation and not generally known to the public concerning the customers, businesses and services of the Corporation of which he has knowledge or access as a result of his association with the Corporation in any capacity, shall be deemed confidential in nature and shall not, without the proper written consent of the Corporation, be directly or indirectly used, disseminated, disclosed or published by Executive Employee to third parties other than in connection with the usual conduct of the business of the Corporation. Such information shall expressly include, but shall not be limited to, information concerning the Corporation’s 's trade secrets, business operations, business records, customer lists or other confidential customer information. Upon termination of employment, the Executive employment Employee shall deliver to the Corporation all property in his possession which belongs to the Corporation including all originals and copies of documents, forms, records or other information, in whatever form it may exist, concerning the Corporation or its business, customers, products or services. This Section 8 10 shall not be applicable to any information which, through no misconduct or negligence of ExecutiveEmployee, has previously been disclosed to the public by anyone other than ExecutiveEmployee.

Appears in 3 contracts

Samples: Employment Agreement (First National Corp /Va/), Employment Agreement (Village Bank & Trust Financial Corp.), Employment Agreement (First National Corp /Va/)

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Confidentiality/Nondisclosure. Executive Employee covenants and agrees that any and all information maintained as confidential by the Corporation and not generally known to the public concerning the customers, vendors, employees, employment applicants, investors, participating banks, businesses and services of the Corporation of which he has knowledge or access as a result of his association with the Corporation in any capacity, shall be deemed confidential in nature and shall not, without the proper written consent of the Corporation, be directly or indirectly used, disseminated, disclosed or published by Executive Employee to third parties other than in connection with the usual conduct of the business of the Corporation. Such information shall expressly include, but shall not be limited to, information concerning the Corporation’s 's trade secrets, business operations, business records, employment records, customer lists and contact information, or other confidential customer information. Upon termination of employment, the Executive employment Employee shall deliver to the Corporation all property in his possession which belongs to the Corporation including all originals and copies of documents, forms, records or other information, in whatever form it may exist, concerning the Corporation or its business, customers, products or services. This Section 8 9 shall not be applicable to any information which, through no misconduct or negligence of ExecutiveEmployee, has previously been disclosed to the public by anyone other than ExecutiveEmployee.

Appears in 2 contracts

Samples: Employment Agreement (Cordia Bancorp Inc), Employment Agreement (Cordia Bancorp Inc)

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