Common use of DISCLOSURE OF TRADE SECRETS AND OTHER PROPRIETARY INFORMATION Clause in Contracts

DISCLOSURE OF TRADE SECRETS AND OTHER PROPRIETARY INFORMATION. (a) Executive acknowledges that he is prohibited from disclosing any confidential information about the Company, including but not limited trade secrets, formulas, and financial information, to any party who is not a director, officer or authorized agent of the Company or its subsidiaries and affiliates. The Company will provide Executive with valuable confidential information belonging to the Company or its subsidiaries or its affiliates above and beyond any confidential information previously received by Executive and will associate Executive with the goodwill of the Company or its subsidiaries or its affiliates above and beyond any prior association of Executive with that goodwill. In return, Executive promises never to disclose or misuse such confidential information and never to misuse such goodwill. (b) Executive will not, during the Employment Term, directly or indirectly, as an Executive, employer, agent, manager or engage in or participate in any other business that is directly competitive with the Company’s business without written consent from the Board of Directors. (c) Executive will not, during the Employment Term and for a period of twelve (12) months thereafter, directly or indirectly, work in the United States as an employee, employer, consultant, agent, manager, officer, or in any other individual or representative capacity for any person or entity that is competitive with the business of the Company. (d) Executive will not, during the Employment Term and for a period of twelve (12) months thereafter, on his behalf or on behalf of any other business enterprise, directly or indirectly, under any circumstance other than at the direction and for the benefit of the Company, (i) solicit for employment or hire any person employed by the Company or any of its subsidiaries, or (ii) call on, solicit, or take away any person or entity who was a customer of the Company or any of its subsidiaries or affiliates during Executive’s employment with the Company, in either case for a business that is competitive with the business of the Company. (g) If Executive breaches any provision of Section 10 of this Agreement, the Company shall provide Notice to Executive, in accordance with Section 13, herein, and shall provide Executive with 60 days to cure (the “Cure Period”) any breach before proceeding with any and all remedies available at law or in equity.

Appears in 2 contracts

Samples: Executive Employment Agreement (Growlife, Inc.), Executive Employment Agreement (Growlife, Inc.)

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DISCLOSURE OF TRADE SECRETS AND OTHER PROPRIETARY INFORMATION. (a) Executive acknowledges that he is prohibited from disclosing any confidential information about the Company, including but not limited trade secrets, formulas, and financial information, to any party who is not a director, officer or authorized agent of the Company or its subsidiaries and affiliates. The Company will provide Executive with valuable confidential information belonging to the Company or its subsidiaries or its affiliates above and beyond any confidential information previously received by Executive and will associate Executive with the goodwill of the Company or its subsidiaries or its affiliates above and beyond any prior association of Executive with that goodwill. In return, Executive promises never to disclose or misuse such confidential information and never to misuse such goodwill. (b) Executive will not, during the Employment Term, directly or indirectly, as an Executive, employer, agentagent or manager, manager or engage in or participate in any other business that is directly competitive with the Company’s business without written consent from the Board of Directors. (c) Executive will not, during the Employment Term and for a period of twelve (12) 2 months thereafter, directly or indirectly, work in the United States as an employee, employer, consultant, agent, manager, officer, or in any other individual or representative capacity for any person or entity that who is competitive with the business of the Company. (d) Executive will not, during the Employment Term and for a period of twelve (12) 2 months thereafter, on his behalf or on behalf of any other business enterprise, directly or indirectly, under any circumstance other than at the direction and for the benefit of the Company, (i) solicit for employment or hire any person employed by the Company or any of its subsidiaries, or (ii) call on, solicit, or take away any person or entity who was a customer of the Company or any of its subsidiaries or affiliates during Executive’s employment with the Company, in either case for a business that is competitive with the business of the Company. (ge) If Executive breaches any provision of Section 10 of this Agreement, the Company shall provide Notice to Executive, in accordance with Section 13, herein, and shall provide Executive with 60 days to cure (the “Cure Period”) any breach before proceeding with any and all remedies available at law or in equity. (f) It is expressly agreed by Executive that the nature and scope of each of the provisions set forth above are reasonable and necessary. If, for any reason, any aspect of the above provisions as it applies to Executive is determined by a court of competent jurisdiction to be unreasonable or unenforceable under applicable law, the provisions shall be modified to the extent required to make the provisions enforceable. Executive acknowledges and agrees that his services are of unique character and expressly grants to the Company or any subsidiary or affiliate of the Company or any successor of any of them, the right to enforce the above provisions through the use of all remedies available at law or in equity, including, but not limited to, injunctive relief.

Appears in 2 contracts

Samples: Executive Employment Agreement (Volitionrx LTD), Executive Employment Agreement (Volitionrx LTD)

DISCLOSURE OF TRADE SECRETS AND OTHER PROPRIETARY INFORMATION. (a) Executive acknowledges that he is prohibited from disclosing any confidential information about the Company, including but not limited trade secrets, formulas, and financial information, to any party who is not a director, officer or authorized agent of the Company or its subsidiaries and affiliates. The Company will provide Executive with valuable confidential information belonging to the Company or its subsidiaries or its affiliates above and beyond any confidential information previously received by Executive and will associate Executive with the goodwill of the Company or its subsidiaries or its affiliates above and beyond any prior association of Executive with that goodwill. In return, Executive promises never to disclose or misuse such confidential information and never to misuse such goodwill. (b) Executive will not, during the Employment Term, directly or indirectly, as an Executive, employer, agent, manager or engage in or participate in any other business that is directly competitive with the Company’s business without written consent from the Board of Directors. (c) Executive will not, during the Employment Term and for a period of twelve (12) 2 months thereafter, directly or indirectly, work in the United States as an employee, employer, consultant, agent, manager, officer, or in any other individual or representative capacity for any person or entity that who is competitive with the business of the Company. (d) Executive will not, during the Employment Term and for a period of twelve (12) 2 months thereafter, on his behalf or on behalf of any other business enterprise, directly or indirectly, under any circumstance other than at the direction and for the benefit of the Company, (i) solicit for employment or hire any person employed by the Company or any of its subsidiaries, or (ii) call on, solicit, or take away any person or entity who was a customer of the Company or any of its subsidiaries or affiliates during Executive’s employment with the Company, in either case for a business that is competitive with the business of the Company. (ge) If Executive breaches any provision of Section 10 of this Agreement, the Company shall provide Notice to Executive, in accordance with Section 13, herein, and shall provide Executive with 60 days to cure (the “Cure Period”) any breach before proceeding with any and all remedies available at law or in equity. (f) It is expressly agreed by Executive that the nature and scope of each of the provisions set forth above are reasonable and necessary. If, for any reason, any aspect of the above provisions as it applies to Executive is determined by a court of competent jurisdiction to be unreasonable or unenforceable under applicable law, the provisions shall be modified to the extent required to make the provisions enforceable. Executive acknowledges and agrees that his services are of unique character and expressly grants to the Company or any subsidiary or affiliate of the Company or any successor of any of them, the right to enforce the above provisions through the use of all remedies available at law or in equity, including, but not limited to, injunctive relief.

Appears in 1 contract

Samples: Executive Employment Agreement (Adamas One Corp.)

DISCLOSURE OF TRADE SECRETS AND OTHER PROPRIETARY INFORMATION. (a) Executive acknowledges that he is prohibited from disclosing any confidential information about the Company, including but not limited trade secrets, formulas, and financial information, to any party who is not a director, officer or authorized agent of the Company or its subsidiaries and affiliates. The Company will provide Executive with valuable confidential information belonging to the Company or its subsidiaries or its affiliates above and beyond any confidential information previously received by Executive and will associate Executive with the goodwill of the Company or its subsidiaries or its affiliates above and beyond any prior association of Executive with that goodwill. In return, Executive promises never to disclose or misuse such confidential information and never to misuse such goodwill. (b) Executive will not, during the Employment Term, directly or indirectly, as an Executive, employer, agent, manager or engage in or participate in any other business that is directly competitive with the Company’s business without written consent from the Board of Directors. (c) Executive will not, during the Employment Term and for a period of twelve (12) 2 months thereafter, directly or indirectly, work in the United States as an employee, employer, consultant, agent, manager, officer, or in any other individual or representative capacity for any person or entity that who is competitive with the business of the Company. (d) Executive will not, during the Employment Term and for a period of twelve (12) 2 months thereafter, on his behalf or on behalf of any other business enterprise, directly or indirectly, under any circumstance other than at the direction and for the benefit of the Company, (i) solicit for employment or hire any person employed by the Company or any of its subsidiaries, or (ii) call on, solicit, or take away any person or entity who was a customer of the Company or any of its subsidiaries or affiliates during Executive’s employment with the Company, in either case for a business that is competitive with the business of the Company. (g) If Executive breaches any provision of Section 10 of this Agreement, the Company shall provide Notice to Executive, in accordance with Section 13, herein, and shall provide Executive with 60 days to cure (the “Cure Period”) any breach before proceeding with any and all remedies available at law or in equity.

Appears in 1 contract

Samples: Executive Employment Agreement (Adamas One Corp.)

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DISCLOSURE OF TRADE SECRETS AND OTHER PROPRIETARY INFORMATION. (a) Executive acknowledges that he is prohibited from disclosing any confidential information about the Company, including but not limited trade secrets, formulas, and financial information, to any party who is not a director, officer or authorized agent of the Company or its subsidiaries and affiliates. The Company will provide Executive with valuable confidential information belonging to the Company or its subsidiaries or its affiliates above and beyond any confidential information previously received by Executive and will associate Executive with the goodwill of the Company or its subsidiaries or its affiliates above and beyond any prior association of Executive with that goodwill. In return, Executive promises never to disclose or misuse such confidential information and never to misuse such goodwill. (b) Executive will not, during the Employment Term, directly or indirectly, as an Executive, employer, consultant, agent, manager principal, partner, manager, stockholder, officer, director, or in any other individual or representative capacity, engage in or participate in any other business that is directly competitive with the Company’s business without written consent from the Board of Directorsbusiness. (c) Executive will not, during the Employment Term and for a period of twelve (12) months thereafterTerm, directly or indirectly, work in the United States as an employee, employer, consultant, agent, principal, partner, manager, stockholder, officer, director, or in any other individual or representative capacity for any person or entity that who is competitive with the business of the Company. (d) Executive will not, during the Employment Term and for a period of twelve (12) months thereafterTerm, on his behalf or on behalf of any other business enterprise, directly or indirectly, under any circumstance other than at the direction and for the benefit of the Company, (i) solicit for employment or hire any person employed by the Company or any of its subsidiaries, or (ii) call on, solicit, or take away any person or entity who was a customer of the Company or any of its subsidiaries or affiliates during Executive’s employment with the Company, in either case for a business that is competitive with the business of the Company. (ge) If It is expressly agreed by Executive breaches that the nature and scope of each of the provisions set forth above are reasonable and necessary. If, for any provision reason, any aspect of Section 10 the above provisions as it applies to Executive is determined by a court of this Agreementcompetent jurisdiction to be unreasonable or unenforceable under applicable law, the provisions shall be modified to the extent required to make the provisions enforceable. Executive acknowledges and agrees that his services are of unique character and expressly grants to the Company shall provide Notice or any subsidiary or affiliate of the Company or any successor of any of them, the right to Executive, in accordance with Section 13, herein, and shall provide Executive with 60 days to cure (enforce the “Cure Period”) any breach before proceeding with any and above provisions through the use of all remedies available at law or in equity, including, but not limited to, injunctive relief.

Appears in 1 contract

Samples: Executive Employment Agreement (Amarok Resources, Inc.)

DISCLOSURE OF TRADE SECRETS AND OTHER PROPRIETARY INFORMATION. (a) Executive acknowledges that he is prohibited from disclosing any confidential information about the Company, including but not limited trade secrets, formulas, and financial information, to any party who is not a director, officer or authorized agent of the Company or its subsidiaries and affiliates. The Company will provide Executive with valuable confidential information belonging to the Company or its subsidiaries or its affiliates above and beyond any confidential information previously received by Executive and will associate Executive with the goodwill of the Company or its subsidiaries or its affiliates above and beyond any prior association of Executive with that goodwill. In return, Executive promises never to disclose or misuse such confidential information and never to misuse such goodwill. (b) Executive will not, during the Employment Term, directly or indirectly, as an Executive, employer, agent, manager or engage in or participate in any other business that is directly competitive with the Company’s business without written consent from the Board of Directors. (c) Executive will not, during the Employment Term and for a period of twelve (12) months thereafter, directly or indirectly, work in the United States as an employee, employer, consultant, agent, manager, officer, or in any other individual or representative capacity for any person or entity that is competitive with the business of the Company. (d) Executive will not, during the Employment Term and for a period of twelve (12) months thereafter, on his behalf or on behalf of any other business enterprise, directly or indirectly, under any circumstance other than at the direction and for the benefit of the Company, (i) solicit for employment or hire any person employed by the Company or any of its subsidiaries, or (ii) call on, solicit, or take away any person or entity who was a customer of the Company or any of its subsidiaries or affiliates during Executive’s employment with the Company, in either case for a business that is competitive with the business of the Company. (g) If Executive breaches any provision of Section 10 of this Agreement, the Company shall provide Notice to Executive, in accordance with Section 13, herein, and shall provide Executive with 60 days to cure (the “Cure Period”) any breach before proceeding with any and all remedies available at law or in equity. (f) It is expressly agreed by Executive that the nature and scope of each of the provisions set forth above are reasonable and necessary. If, for any reason, any aspect of the above provisions as it applies to Executive is determined by a court of competent jurisdiction to be unreasonable or unenforceable under applicable law, the provisions shall be modified to the extent required to make the provisions enforceable. Executive acknowledges and agrees that his services are of unique character and expressly grants to the Company or any subsidiary or affiliate of the Company or any successor of any of them, the right to enforce the above provisions through the use of all remedies available at law or in equity, including, but not limited to, injunctive relief.

Appears in 1 contract

Samples: Executive Employment Agreement (Growlife, Inc.)

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