Common use of EMPLOYEE SHALL NOT DISCLOSE INFORMATION Clause in Contracts

EMPLOYEE SHALL NOT DISCLOSE INFORMATION. The Employee recognizes and acknowledges that the list of the Company's and its subsidiaries' and affiliates' customers, as it may exist from time to time, and any proprietary or confidential information, including, but not limited to financial information and information pertaining to the Company's, its subsidiaries' and affiliates' manufacturing, marketing and sales operations, and potential acquisitions, used by the Company in its business are valuable and unique assets of the Company. Except as permitted by the next sentence, the Employee will not during or after the term of his employment, disclose the list of the Company's, its subsidiaries' or affiliates' customers or any part thereof or any propriety or confidential information to any person, firm, corporation, association, or other entity for any reason or purpose whatsoever without the prior written consent or authorization of the board of directors of the Company. Notwithstanding the prohibitions contained in the foregoing sentence, the Employee shall be permitted to disclose such information during the term of his employment to other persons employed by the Company or its subsidiaries who have a need to know such information for a proper purpose related to the business of the Company or its subsidiaries. Upon termination of the Employee's employment by the Company, its subsidiaries or its affiliates, the Employee shall neither take nor retain any papers, customer lists, manuals, files, or other document or copies thereof belonging to the Company, its subsidiaries or its affiliates."