Common use of Confidentiality Obligation of Stockholder Clause in Contracts

Confidentiality Obligation of Stockholder. The Stockholder acknowledges that in connection with his duties and responsibilities with the Company, the Stockholder has obtained Confidential Information which may have been originated by the Stockholder or which otherwise may have come into the Stockholder's possession or knowledge. For a period of 5 years after the Closing Date, the Stockholder agrees to hold all such Confidential Information in strict confidence and not to use any Confidential Information and not to divulge or disclose any Confidential Information to any Person except (i) upon the written request or instruction of the Company or (ii) in the event the Stockholder becomes legally compelled (by deposition, interrogatory, request for documents, subpoena, civil investigation, demand, order or similar process) to disclose any of the contents of the Confidential Information, Parent and the Company agree that the Stockholder may do so without liability, but the Stockholder agrees (x) to promptly notify Parent prior to any such disclosure and (y) to cooperate with Parent and the Company, at their sole cost and expense, in any attempt either of them may make to obtain a protective order or other appropriate assurance that confidential treatment will be afforded the Confidential Information. This Section 2.1 is intended to protect Confidential Information constituting a part of the Business, and is not intended to limit the Stockholder's right to seek and obtain employment in competition with the Company, which is covered by Section 3.1.

Appears in 2 contracts

Samples: Noncompetition Agreement (Tektronix Inc), Agreement and Plan of Merger (Tektronix Inc)

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Confidentiality Obligation of Stockholder. The Stockholder acknowledges that in connection with his duties and responsibilities with the Company, the Stockholder has obtained Confidential Information which may have been originated by the Stockholder or which otherwise may have come into the Stockholder's ’s possession or knowledge. For a period of 5 years after the Closing Date, the Stockholder agrees to hold all such Confidential Information in strict confidence and not to use any Confidential Information and not to divulge or disclose any Confidential Information to any Person except (i) upon the written request or instruction of the Company or (ii) in the event the Stockholder becomes legally compelled (by deposition, interrogatory, request for documents, subpoena, civil investigation, demand, order or similar process) to disclose any of the contents of the Confidential Information, Parent and the Company agree that the Stockholder may do so without liability, but the Stockholder agrees (x) to promptly notify Parent prior to any such disclosure and (y) to cooperate with Parent and the Company, at their sole cost and expense, in any attempt either of them may make to obtain a protective order or other appropriate assurance that confidential treatment will be afforded the Confidential Information. This Section 2.1 is intended to protect Confidential Information constituting a part of the Business, and is not intended to limit the Stockholder's ’s right to seek and obtain employment in competition with the Company, which is covered by Section 3.1.

Appears in 2 contracts

Samples: Stockholder Noncompetition Agreement (Inet Technologies Inc), Stockholder Noncompetition Agreement (Inet Technologies Inc)

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