Common use of Covenant to Safeguard Confidential Information Clause in Contracts

Covenant to Safeguard Confidential Information. In connection with Executive’s Services hereunder, Executive may receive or have access to Confidential Information and Confidential Materials. Executive acknowledges and agrees that: (i) All Confidential Information shall remain the sole property of the Company; (ii) All Confidential Information belonging to the Company is valuable, special and unique to the Company’s business, that the Company’s business depends upon such Confidential Information, and that the Company wishes to protect such Confidential Information by keeping it confidential for the use and benefit of the Company; (iii) Unless Executive is engaging in Protected Activity, as described below in Section 8(e), Executive shall keep all Confidential Information confidential and will not, without the prior written consent of the Company’s Chief Executive Officer or General Counsel, disclose (whether directly or through some other person or entity), in whole or in part, and will not use such information, directly or indirectly, for any purpose other than as expressly allowed by the Company; (iv) Unless Executive is engaging in Protected Activity, as described below in Section 8(e), Executive shall not use the Company’s Confidential Information for Executive’s direct or indirect benefit or for the direct or indirect benefit of any person or entity other than the Company; (v) Unless Executive is engaging in Protected Activity, as described below in Section 8(e), Executive shall not aid, encourage, or allow any other person or entity to use the Company’s Confidential Information without authorization; (vi) Executive shall use reasonable and diligent efforts to protect the confidentiality of the Company’s Confidential Information; (vii) Unless Executive is engaging in Protected Activity, as described below in Section 8(e), Executive shall use the Company’s Confidential Information solely to fulfill the duties of Executive’s employment relationship with the Company and not otherwise to use such information for Executive’s benefit or the benefit of others; (viii) Executive shall not use, view, or access Confidential Information where it can be seen or viewed by unauthorized persons, and not to leave such information or materials where they can be seen or accessed by unauthorized persons; (ix) Executive shall notify the Company if Executive becomes aware of any loss, misuse, wrongful disclosure, or other unauthorized access of the Company’s Confidential Information by any person; (x) Executive shall take all other reasonable steps necessary, or reasonably requested by the Company, to safeguard the Company’s Confidential Information from unauthorized disclosure or use; and (xi) Executive shall not disclose to the Company any trade secrets or confidential information of party to whom Executive owes a duty of confidentiality.

Appears in 4 contracts

Samples: Executive Employment Agreement (Vivint Solar, Inc.), Executive Employment Agreement (Vivint Solar, Inc.), Executive Employment Agreement (Vivint Solar, Inc.)

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Covenant to Safeguard Confidential Information. In connection with ExecutiveEmployee’s Services hereunder, Executive Employee may receive or have access to Confidential Information and Confidential Materials. Executive Employee acknowledges and agrees that: (i) All Confidential Information shall remain the sole property of the Company; (ii) All Confidential Information belonging to the Company is valuable, special and unique to the Company’s business, that the Company’s business depends upon such Confidential Information, and that the Company wishes to protect such Confidential Information by keeping it confidential for the use and benefit of the Company; (iii) Unless Executive is engaging in Protected Activity, as described below in Section 8(e), Executive Employee shall keep all Confidential Information confidential and will not, without the prior written consent of the Company’s Chief Executive Officer or General Counsel, disclose (whether directly or through some other person or entity), in whole or in part, and will not use such information, directly or indirectly, for any purpose other than as expressly allowed by the Company; (iv) Unless Executive is engaging in Protected Activity, as described below in Section 8(e), Executive Employee shall not use the Company’s Confidential Information for ExecutiveEmployee’s direct or indirect benefit or for the direct or indirect benefit of any person or entity other than the Company; (v) Unless Executive is engaging in Protected Activity, as described below in Section 8(e), Executive Employee shall not aid, encourage, or allow any other person or entity to use the Company’s Confidential Information without authorization;; 3 AT-WILL EMPLOYMENT AGREEMENT (Rev. 6/2014) (vi) Executive Employee shall use reasonable and diligent efforts to protect the confidentiality of the Company’s Confidential Information; (vii) Unless Executive is engaging in Protected Activity, as described below in Section 8(e), Executive Employee shall use the Company’s Confidential Information solely to fulfill the duties of ExecutiveEmployee’s employment relationship with the Company and not otherwise to use such information for ExecutiveEmployee’s benefit or the benefit of others; (viii) Executive Employee shall not use, view, or access Confidential Information where it can be seen or viewed by unauthorized persons, and not to leave such information or materials where they can be seen or accessed by unauthorized persons; (ix) Executive Employee shall notify the Company if Executive Employee becomes aware of any loss, misuse, wrongful disclosure, or other unauthorized access of the Company’s Confidential Information by any person; (x) Executive Employee shall take all other reasonable steps necessary, or reasonably requested by the Company, to safeguard the Company’s Confidential Information from unauthorized disclosure or use; and (xi) Executive Employee shall not disclose to the Company any trade secrets or confidential information of party to whom Executive Employee owes a duty of confidentiality.

Appears in 2 contracts

Samples: Employment Agreement (Vivint Solar, Inc.), Employment Agreement (Vivint Solar, Inc.)

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