Common use of Corporation Information Clause in Contracts

Corporation Information. At all times during the term of Employee’s employment and thereafter, Employee shall hold in strictest confidence, and not use (except for the benefit of the Corporation and to fulfill Employee’s employment obligations) or disclose to any person, business or other entity, without authorization of the Board of Directors of the Corporation, any Confidential Information of the Corporation or its subsidiary and affiliated entities (jointly and severally, “Related Entities”). “Confidential Information” means any proprietary information, technical or financial data, trade secrets or know-how regarding the Corporation and/or Related Entities or their internal operations and plans that is treated as confidential by the Corporation and/or Related Entities that is not generally known by persons not employed by the Corporation, and that is not otherwise available to the public by lawful and proper means. Confidential Information includes, but is not limited to, strategic plans and forecasts; product or service plans or research; products, services and customer lists; marketing research, plans and/or forecasts; compilations and databases of business or marketing information that are developed by or for the Corporation; budget and/or financial information; customer contact, account and mailing information; pricing, costs or profitability analysis; sales and marketing techniques and programs; incentive compensation plans; account information (including loan terms, expiration or renewal dates, fee schedules and commissions); software, access codes, passwords, databases and source codes; inventions; processes, formulas, designs, drawings or engineering information; hardware configuration, and all other financial or other business information or systems of the Corporation and the Related Entities, as well as information regarding the employees of the Corporation and the Related Entities.