Common use of Further Obligations of the Executive Clause in Contracts

Further Obligations of the Executive. (a) During and following the Executive's employment by the Company, the Executive shall use commercially reasonable efforts to hold in confidence and not directly or indirectly disclose any confidential information or proprietary data of the Company or any of its Subsidiaries, except to the extent authorized by the Board or required by any court or administrative agency or legal process, other than to an employee of or contractor with the Company or any of its Subsidiaries, or a Person to whom the Executive in good faith believes disclosure is reasonably necessary or appropriate in connection with the performance by the Executive of her duties as an executive of the Company. In determining whether such disclosure is required, Executive will be entitled to rely on the written advice of counsel provided to the Company. Confidential information shall not include any information known generally to the public or in the industry in which Company is engaged. All records, files, documents and materials, or copies thereof, relating to the Company's or any of its Subsidiaries', business which the Executive shall prepare, or use, or come into contact with, shall be and remain the sole property of the Company or any of its Subsidiaries, as the case may be, and shall be promptly returned by the Executive to the Company or such Subsidiary (as applicable) upon termination of the Executive's employment with the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Homco Puerto Rico Inc), Executive Employment Agreement (Homco Puerto Rico Inc)

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Further Obligations of the Executive. (a) During and following the Executive's employment by the Company, the Executive shall use commercially reasonable efforts to hold in confidence and not directly or indirectly disclose any confidential information or proprietary data of the Company or any of its Subsidiaries, except to the extent authorized by the Board or required by any court or administrative agency or legal process, other than to an employee of or contractor with the Company or any of its Subsidiaries, or a Person to whom the Executive in good faith believes disclosure is reasonably necessary or appropriate in connection with the performance by the Executive of her his duties as an executive of the Company. In determining whether such disclosure is required, Executive will be entitled to rely on the written advice of counsel provided to the Company. Confidential information shall not include any information known generally to the public or in the industry in which Company is engaged. All records, files, documents and materials, or copies thereof, relating to the Company's or any of its Subsidiaries', business which the Executive shall prepare, or use, or come into contact withwith during the term of this Agreement, shall be and remain the sole property of the Company or any of its Subsidiaries, as the case may be, and shall be promptly returned by the Executive to the Company or such Subsidiary (as applicable) upon termination of the Executive's employment with the Company.

Appears in 1 contract

Samples: Employment Agreement (Homco Puerto Rico Inc)

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Further Obligations of the Executive. (a) During and following the Executive's employment by the Company, the Executive shall use commercially reasonable efforts to hold in confidence and not directly or indirectly disclose any confidential information or proprietary data of the Company or any of its Subsidiaries, except to the extent authorized by the Board or required by any court or administrative agency or legal process, other than to an employee of or contractor with the Company or any of its Subsidiaries, or a Person to whom the Executive in good faith believes disclosure is reasonably necessary or appropriate in connection with the performance by the Executive of her his duties as an executive of the Company. In determining whether such disclosure is required, Executive will be entitled to rely on the written advice of counsel provided to the Company. Confidential information shall not include any information known generally to the public or in the industry in which Company is engaged. All records, files, documents and materials, or copies thereof, relating to the Company's or any of its Subsidiaries', business which the Executive shall prepare, or use, or come into contact with, shall be and remain the sole property of the Company or any of its Subsidiaries, as the case may be, and shall be promptly returned by the Executive to the Company or such Subsidiary (as applicable) upon termination of the Executive's employment with the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Homco Puerto Rico Inc)

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