Common use of Executive acknowledges that Clause in Contracts

Executive acknowledges that. (1) As a result of his current employment with the Company, Executive will obtain secret and confidential information concerning the business of the Company and its subsidiaries and affiliates (referred to collectively in this Article 4 as the "Company"), including, without limitations, financial information, designs and other proprietary rights, trade secrets and "know-how," customers and sources ("Confidential Information"). (2) The Company will suffer substantial damage which will be difficult to compute if, during the period of his employment with the Company or thereafter, Executive should enter a business competitive with the Company or divulge Confidential Information. (3) The provisions of this Agreement are reasonable and necessary for the protection of the business of the Company.

Executive acknowledges that. (1a) As a result of his current employment with the Company, Executive has obtained and will obtain secret and confidential information concerning the business of the Company and and/or its subsidiaries and affiliates (affiliates, referred to collectively in this Article Section 4 as the "Company"), including, without limitationslimitation, financial information, designs and other proprietary rights, trade secrets and "knowKnow-how," customers and sources of supply ("Confidential Information"). (2b) The Company will suffer substantial damage which that will be difficult to compute if, during the period of his employment with the Company or thereafter, Executive should enter a business competitive with the Company or divulge Confidential Information. (3c) The provisions of this Agreement are reasonable and necessary for the protection of the business of the Company.