Common use of Covenant Not to Compete; Non-Solicitation; Protection of Confidential Information and Trade Secrets Clause in Contracts

Covenant Not to Compete; Non-Solicitation; Protection of Confidential Information and Trade Secrets. (a) Grantee shall serve the Company and its direct and indirect subsidiaries (collectively, the “Company” for purposes of this Section 5), loyally and in good faith and use Grantee's best efforts to promote the Company's interests. Grantee hereby agrees not to compete with the Company, not to solicit employees of the Company, not to solicit customers of the Company, and agrees to protect from disclosure (for clarification purposes, such agreement to protect from disclosure shall include, without limitation, an agreement not to use) Confidential Information and Trade Secrets (as defined in Section 5(e) of this Agreement) (for clarification purposes, these restrictions shall include, without limitation, the Grantee becoming employed by, assisting or otherwise providing services or benefit to any applicable Competitor (as defined below) whereby Grantee may use and/or disclose Confidential Information and/or Trade Secrets), pursuant to the terms and conditions hereinafter set forth.

Appears in 2 contracts

Samples: Executive Officer Stock Option Agreement (EchoStar CORP), Executive Officer Stock Option Agreement (Hughes Satellite Systems Corp)

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Covenant Not to Compete; Non-Solicitation; Protection of Confidential Information and Trade Secrets. (a) Grantee shall serve the Company and its direct and indirect subsidiaries (collectively, the “Company” for purposes of this Section 5), loyally and in good faith and use Grantee's ’s best efforts to promote the Company's ’s interests. Grantee hereby agrees not to compete with the Company, not to solicit employees of the Company, not to solicit customers of the Company, and agrees to protect from disclosure (for clarification purposes, such agreement to protect from disclosure shall include, without limitation, an agreement not to use) Confidential Information and Trade Secrets (as defined in Section 5(e) of this Agreement) (for clarification purposes, these restrictions shall include, without limitation, the Grantee becoming employed by, assisting or otherwise providing services or benefit to any applicable Competitor (as defined below) whereby Grantee may use and/or disclose Confidential Information and/or Trade Secrets), pursuant to the terms and conditions hereinafter set forth.

Appears in 2 contracts

Samples: Executive Officer Restricted Stock Unit Agreement (Hughes Satellite Systems Corp), Executive Officer Restricted Stock Unit Agreement (EchoStar CORP)

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