Non-Disclosure and Non-Use. The Executive shall not, during the Term and at all times thereafter, without the written authorization of the Chief Executive Officer (“CEO”) of the Company or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “Executive Approval”), use (except for the benefit of the Company) any Confidential and Trade Secret Information relating to the Company. The Executive shall hold in strictest confidence and shall not, without the Executive Approval, disclose to anyone, other than directors, officers, employees and counsel of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “Confidential and Trade Secret Information” includes: the general or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processes, know-how, designs, formulas, methods, software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costs, suppliers, and information regarding the skills, compensation or duties of employees, independent contractors or consultants of the Company and any other information about the Company that is proprietary or confidential. Notwithstanding the foregoing, nothing herein shall prevent the Executive from disclosing Confidential and Trade Secret Information to the extent required by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration involving this Agreement. The restrictions set forth in this Section 6(b) shall not apply to information that is or becomes generally available to the public or known within the Company’s trade or industry (other than as a result of its wrongful disclosure by the Executive), or information received on a non-confidential basis from sources other than the Company who are not in violation of a confidentiality agreement with the Company. The Executive further represents and agrees that, during the Term and at all times thereafter, the Executive is obligated to comply with the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding trading shares and/or exercising options related to the Company’s stock. The Executive acknowledges that the Company has not provided opinions or legal advice regarding the Executive’s obligations in this respect and that it is the Executive’s responsibility to seek independent legal advice with respect to any stock or option transaction.
Appears in 5 contracts
Samples: Separation Agreement (Abercrombie & Fitch Co /De/), Separation Agreement (Abercrombie & Fitch Co /De/), Separation Agreement (Abercrombie & Fitch Co /De/)
Non-Disclosure and Non-Use. The Executive shall not, during the Term and at all times thereafter, without the written authorization of the Chief Executive Officer (“CEO”) of the Company or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “Executive Approval”), use (except for the benefit of the Company) any Confidential and Trade Secret Information relating to the Company. The Executive shall hold in strictest confidence and shall not, without the Executive Approval, disclose to anyone, other than directors, officers, employees and counsel of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “Confidential and Trade Secret Information” includes: the general or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processes, know-how, designs, formulas, methods, software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costs, suppliers, and information regarding the skills, compensation or duties of employees, independent contractors or consultants of the Company and any other information about the Company that is proprietary or confidential. Notwithstanding the foregoing, nothing herein shall prevent the Executive from disclosing Confidential and Trade Secret Information to the extent required by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration involving this Agreement. The restrictions set forth in this Section 6(b) shall not apply to information that is or becomes generally available to the public or known within the Company’s trade or industry (other than as a result of its wrongful disclosure by the Executive), or information received on a non-confidential basis from sources other than the Company who are not in violation of a confidentiality agreement with the Company. The Executive further represents and agrees that, during the Term and at all times thereafter, the Executive is obligated to comply with the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding trading shares and/or exercising options related to the Company’s 's stock. The Executive acknowledges that the Company has not provided opinions or legal advice regarding the Executive’s obligations in this respect and that it is the Executive’s 's responsibility to seek independent legal advice with respect to any stock or option transaction.
Appears in 5 contracts
Samples: Severance Agreement (Abercrombie & Fitch Co /De/), Severance Agreement (Abercrombie & Fitch Co /De/), Severance Agreement (Abercrombie & Fitch Co /De/)
Non-Disclosure and Non-Use. The Executive shall not, during the Term and at all times thereafter, without the written authorization of the Chief Executive Officer (“"CEO”") of the Company or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “"Executive Approval”"), use (except for the benefit of the Company) any Confidential and Trade Secret Information relating to the Company. The Executive shall hold in strictest confidence and shall not, without the Executive Approval, disclose to anyone, other than directors, officers, employees and counsel of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “"Confidential and Trade Secret Information” " includes: the general or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processes, know-how, designs, formulas, methods, software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costs, suppliers, and information regarding the skills, compensation or duties of employees, independent contractors or consultants of the Company and any other information about the Company that is proprietary or confidential. Notwithstanding the foregoing, nothing herein shall prevent the Executive from disclosing Confidential and Trade Secret Information to the extent required by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration involving this Agreement. The restrictions set forth in this Section 6(b) shall not apply to information that is or becomes generally available to the public or known within the Company’s 's trade or industry (other than as a result of its wrongful disclosure by the Executive), or information received on a non-confidential basis from sources other than the Company who are not in violation of a confidentiality agreement with the Company. The Executive further represents and agrees that, during the Term and at all times thereafter, the Executive is obligated to comply with the rules and regulations of the Securities and Exchange Commission (“"SEC”") regarding trading shares and/or exercising options related to the Company’s 's stock. The Executive acknowledges that the Company has not provided opinions or legal advice regarding the Executive’s 's obligations in this respect and that it is the Executive’s 's responsibility to seek independent legal advice with respect to any stock or option transaction.
Appears in 3 contracts
Samples: Severance Agreement (Abercrombie & Fitch Co /De/), Separation Agreement (Abercrombie & Fitch Co /De/), Severance Agreement (Abercrombie & Fitch Co /De/)
Non-Disclosure and Non-Use. The Executive shall not, during the Term and at all times thereafter, without the written authorization of the Chief Executive Officer (“CEO”) of the Company or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “Executive Approval”), use (except for the benefit of the Company) any Confidential and Trade Secret Information relating to the Company. The Executive shall hold in strictest confidence and shall not, without the Executive Approval, disclose to anyone, other than directors, officers, employees and counsel of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “Confidential and Trade Secret Information” includes: the general or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processes, know-how, designs, formulas, methods, software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costs, suppliers, and information regarding the skills, compensation or duties of employees, independent contractors or consultants of the Company and any other information about the Company that is proprietary or confidential. Notwithstanding the foregoing, nothing herein shall prevent the Executive from disclosing Confidential and Trade Secret Information to the extent required by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration involving this Agreement. The restrictions set forth in this Section 6(b) shall not apply to information that is or becomes generally available to the public or known within the Company’s trade or industry (other than as a result of its wrongful disclosure by the Executive), or information received on a non-confidential basis from sources other than the Company who are not in violation of a confidentiality agreement with the Company. The Executive further represents and agrees that, during the Term and at all times thereafter, the Executive is obligated to comply with the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding trading shares and/or exercising options related to the Company’s 's stock. The Executive acknowledges that the Company has not provided opinions or legal advice regarding the Executive’s obligations obliga- tions in this respect and that it is the Executive’s 's responsibility to seek independent legal advice with respect to any stock or option transaction.
Appears in 1 contract
Non-Disclosure and Non-Use. The Executive shall notEmployee agrees not to disclose any Confidential Information, as defined below, to any person or entity other than the Company, either during the Term and at all times thereafteror after Employee’s employment, without the Company’s prior written authorization consent. Employee further agrees not to use any Confidential Information, either during or at any time after his employment, without the Company’s prior written consent, except as may be necessary to perform his job duties during employment with the Company. In the event Employee is required to disclose any Confidential Information by law, Employee will provide the Company with prompt written notice of any such requirement and provide reasonable cooperation to the Company so that the Company may seek a protective order or other appropriate remedy. The Company acknowledges and agrees that any disclosure of Confidential Information by Employee as required by law shall not be a breach of the Chief Executive Officer (“CEO”) of Agreement and Release, including this Exhibit B, provided that Employee has provided the Company or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “Executive Approval”), use (except for the benefit of the Company) any Confidential and Trade Secret Information relating required notice to the Company, if possible. The Executive shall hold in strictest confidence Confidential Information means information not generally known by the public about processes, systems, products, services, including proposed products and shall notservices, without the Executive Approval, disclose to anyone, other than directors, officers, employees and counsel of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “Confidential and Trade Secret Information” includes: the general or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processesinformation, know-how, designsor trade secrets of the Company. Confidential Information includes, formulasbut is not limited to, methodsthe following:
(a) Customer lists and other customer information and records, software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costsidentity of vendors, suppliers, and information regarding the skills, compensation or duties of employees, independent contractors or consultants of the Company and any other information about the Company that is proprietary or confidential. Notwithstanding the foregoing, nothing herein shall prevent the Executive from disclosing Confidential and Trade Secret Information landlords (to the extent required such identity is treated as proprietary information by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration involving this Agreement. The restrictions set forth in this Section 6(bthe Company), profit and performance reports, prices, selling and pricing procedures and techniques, and financing methods of the Company;
(b) shall not apply to information that is or becomes generally available Information pertaining to the public special demands of customers, and their past, current and anticipated requirements for the products or known within services of the Company’s trade ;
(c) Specifications, procedures, policies, techniques, manuals, databases and all other information pertaining to products or industry services of the Company, or of others for which the Company has assumed an obligation of confidentiality;
(other than as a result d) Business or marketing plans, accounting records, financial statements and information, and projections of its wrongful disclosure the Company;
(e) Software developed or used by the Executive), or information received on a non-confidential basis from sources other than the Company who are not in violation of a confidentiality agreement with the Company. The Executive further represents and agrees that, during the Term and at all times thereafter, the Executive is obligated to comply with the rules and regulations of the Securities and Exchange Commission ;
(“SEC”f) regarding trading shares and/or exercising options Information related to the Company’s stockretailing, distribution or administrative facilities; and
(g) Any other information identified or defined as confidential information by Company policy. The Executive acknowledges Notwithstanding anything to the contrary contained herein, Confidential Information does not include, the following:
(a) information which becomes available to the public from a source other than the Employee and through no fault of Employee;
(b) information that is legally obtained by the Company has Employee at any time from other sources who are not provided opinions subject to confidentiality restrictions;
(c) information that came into Employee’s possession prior to or legal advice regarding independent of his employment relationship with the Executive’s obligations in this respect and Company; and
(d) information that it is the Executive’s responsibility to seek independent legal advice with respect to any stock or option transactionconsists of general industry knowledge.
Appears in 1 contract
Samples: Release Agreement (Walgreen Co)
Non-Disclosure and Non-Use. The Executive Employee shall not, during the Term and at all times thereafter, without the written authorization of the Chief Executive Officer (“CEO”) of the Company or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “Executive Approval”)Company, use (except for the benefit of the Company) any Confidential and Trade Secret Information relating to the Company. The Executive Employee shall hold in strictest confidence and shall not, without the Executive Approvalwritten authorization of the CEO of the Company, disclose to anyone, other than directors, officers, employees and counsel of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “Confidential and Trade Secret Information” information includes: the general or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processes, know-how, designs, formulas, methods, software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costs, suppliers, and information regarding the skills, compensation or duties of employees, independent contractors or consultants of the Company and any other information about the Company that is proprietary or confidential. Notwithstanding the foregoing, nothing herein shall prevent the Executive Employee from disclosing Confidential and Trade Secret Information to the extent required by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration involving this Agreement. The restrictions set forth in this Section 6(b) Paragraph shall not apply to information that is or becomes generally available to the public or known within the Company’s trade or industry (other than as a result of its wrongful disclosure by the ExecutiveEmployee), or information received on a non-confidential basis from sources other than the Company who are not in violation of a confidentiality agreement with the Company. The Executive This confidentiality covenant has no temporal, geographical or territorial restriction. Employee further represents and agrees that, during that up to and after the Term and at all times thereafter, the Executive Separation Date Employee is obligated to comply with the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding trading shares and/or exercising options related to the Company’s 's stock. The Executive Employee acknowledges that the Company has not provided opinions or legal advice regarding the ExecutiveEmployee’s obligations in this respect and that it is the Executive’s Employee's responsibility to seek independent legal advice with respect to any stock or option transaction.
Appears in 1 contract
Non-Disclosure and Non-Use. The Executive shall not, during the Term and at all times thereafter, without the written authorization of the Chief Executive Officer (“CEO”) of the Company or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “Executive Approval”), use (except for the benefit of the Company) any Confidential and Trade Secret Information relating to the Company. The Executive shall hold in strictest confidence and shall not, without the Executive Approval, disclose to anyone, other than directors, officers, employees and counsel of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “Confidential and Trade Secret Information” includes: the general or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processes, know-how, designs, formulas, methods, software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costs, suppliers, and information regarding the skills, compensation or duties of employees, independent contractors or consultants of the Company and any other information about the Company that is proprietary or confidential. Notwithstanding the foregoing, nothing herein shall prevent the Executive from disclosing Confidential and Trade Secret Information to the extent required by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration involving this Agreement. The restrictions set forth in this Section 6(b) shall not apply to information that is or becomes generally available to the public or known within the Company’s trade or industry (other than as a result of its wrongful disclosure by the Executive), or information received on a non-confidential basis from sources other than the Company who are not in violation of a confidentiality agreement with the Company. The Executive further represents and agrees that, during the Term and at all times thereafter, the Executive is obligated to comply with the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding trading shares and/or exercising options related to the Company’s stock. The Executive acknowledges that the Company has not provided opinions or legal advice regarding the Executive’s obligations in this respect and that it is the Executive’s 's responsibility to seek independent legal advice with respect to any stock or option transaction.
Appears in 1 contract
Non-Disclosure and Non-Use. The Executive shall notEmployee agrees not to disclose any Confidential Information, as defined below, to any person or entity other than the Company, either during the Term and at all times thereafteror after Employee’s employment, without the Company’s prior written authorization consent. Employee further agrees not to use any Confidential Information, either during or at any time after his employment, without the Company’s prior written consent, except as may be necessary to perform his job duties during employment with the Company. In the event Employee is required to disclose any Confidential Information by law, Employee will provide the Company with prompt written notice of any such requirement and provide reasonable cooperation to the Company so that the Company may seek a protective order or other appropriate remedy. The Company acknowledges and agrees that any disclosure of Confidential Information by Employee as required by law shall not be a breach of the Chief Executive Officer (“CEO”) of Separation Agreement, including this Exhibit B, provided that Employee has provided the Company or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “Executive Approval”), use (except for the benefit of the Company) any Confidential and Trade Secret Information relating required notice to the Company, if possible. The Executive shall hold in strictest confidence Confidential Information means information not generally known by the public about processes, systems, products, services, including proposed products and shall notservices, without the Executive Approval, disclose to anyone, other than directors, officers, employees and counsel of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “Confidential and Trade Secret Information” includes: the general or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processesinformation, know-how, designsor trade secrets of the Company. Confidential Information includes, formulasbut is not limited to, methodsthe following:
(a) Customer records, software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costsidentity of vendors, suppliers, or landlords, profit and performance reports, prices, selling and pricing procedures and techniques, and financing methods of the Company;
(b) Customer lists and information regarding the skills, compensation or duties of employees, independent contractors or consultants pertaining to identities of the Company customers, their special demands, and any their past, current and anticipated requirements for the products or services of the Company;
(c) Specifications, procedures, policies, techniques, manuals, databases and all other information about pertaining to products or services of the Company, or of others for which the Company that is proprietary has assumed an obligation of confidentiality;
(d) Business or confidential. Notwithstanding the foregoingmarketing plans, nothing herein shall prevent the Executive from disclosing Confidential accounting records, financial statements and Trade Secret Information to the extent required by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration involving this Agreement. The restrictions set forth in this Section 6(b) shall not apply to information that is or becomes generally available to the public or known within information, and projections of the Company’s trade ;
(e) Software developed or industry (other than as a result of its wrongful disclosure used by the Executive), or information received on a non-confidential basis from sources other than the Company who are not in violation of a confidentiality agreement with the Company. The Executive further represents and agrees that, during the Term and at all times thereafter, the Executive is obligated to comply with the rules and regulations of the Securities and Exchange Commission ;
(“SEC”f) regarding trading shares and/or exercising options Information related to the Company’s stockretailing, distribution or administrative facilities; and
(g) Any other information identified or defined as confidential information by Company policy. The Executive acknowledges Notwithstanding anything to the contrary contained herein, Confidential Information does not include, the following:
(a) information which becomes available to the public from a source other than the Employee and through no fault of Employee;
(b) information that is legally obtained by the Company has Employee at any time from other sources who are not provided opinions subject to confidentiality restrictions;
(c) information that came into Employee’s possession prior to or legal advice regarding independent of his employment relationship with the Executive’s obligations in this respect and Company; and
(d) information that it is the Executive’s responsibility to seek independent legal advice with respect to any stock or option transactionconsists of general industry knowledge.
Appears in 1 contract
Non-Disclosure and Non-Use. The Executive Employee shall not, during the Term and at all times thereafter, without the written authorization of the Chairman and Chief Executive Officer (“CEO”) of the Company or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “Executive Approval”)Company, use (except for the benefit of the Company) any Confidential and Trade Secret Information relating to the Company. The Executive Employee shall hold in strictest confidence and shall not, without the Executive Approvalwritten authorization of the Chairman and CEO of the Company, disclose to anyone, other than directors, officers, employees and counsel of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “Confidential and Trade Secret Information” information includes: the general or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processes, know-how, designs, formulas, methods, software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costs, suppliers, and information regarding the skills, compensation or duties of employees, independent contractors or consultants of the Company and any other information about the Company that is proprietary or confidential. Notwithstanding the foregoing, nothing herein shall prevent the Executive from disclosing Confidential and Trade Secret Information to specifically includes, but is not limited to, the extent required by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration involving this Agreement. general and specific nature of, and information related to, the development of Concept 5 and Project P. The restrictions set forth in this Section 6(b) shall not apply to information that is or becomes generally available to the public or known within the Company’s trade or industry (other than as a result of its wrongful disclosure by the ExecutiveEmployee), or information received on a non-confidential basis from sources other than the Company who are not in violation of a confidentiality agreement with the Company. The Executive This confidentiality covenant has no temporal, geographical or territorial restriction. Employee further represents and agrees that, during that at and after the Term and at all times thereafter, the Executive Separation Date he is obligated to comply with the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding trading shares and/or exercising options related to the Company’s stock. The Executive Employee acknowledges that the Company has not provided opinions or legal advice to him regarding the Executive’s his obligations in this respect and that it is the ExecutiveEmployee’s responsibility to seek independent legal advice with respect to any stock or option transaction.. Notwithstanding the foregoing, the Company agrees: (i) to cooperate as reasonably necessary and appropriate with respect to equity compensation instructions issued by Employee’s broker or authorized representative, subject in all respects to applicable federal, state, local or self regulatory entity securities laws, rules and/or regulations; and (ii) to notify Employee promptly of the removal or lifting of the restrictions on trading in the Company’s stock imposed as a result of Project P.
Appears in 1 contract
Samples: Employment Separation Agreement (Abercrombie & Fitch Co /De/)
Non-Disclosure and Non-Use. The Executive Employee shall not, during the Term and at all times thereafter, without the written authorization of the Chief Executive Officer (“CEO”) of the Company Company, or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “Executive Approval”), use (except for the benefit of the Company) any Confidential and Trade Secret Information relating to the Company. The Executive Employee shall hold in strictest confidence and shall not, without the Executive Approval, disclose to anyone, other than directors, officers, employees and counsel of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “Confidential and Trade Secret Information” information includes: the general or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processes, know-how, designs, formulas, methods, software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costs, suppliers, and information regarding the skills, compensation or duties of employees, independent contractors or consultants of the Company and any other information about the Company that is proprietary or confidential. Notwithstanding the foregoing, nothing herein shall prevent the Executive Employee from disclosing Confidential and Trade Secret Information to the extent required by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration involving this Agreement. The restrictions set forth in this Section 6(b) shall not apply to information that is or becomes generally available to the public or known within the Company’s trade or industry (other than as a result of its wrongful disclosure by the ExecutiveEmployee), or information received on a non-confidential basis from sources other than the Company who are not in violation of a confidentiality agreement with the Company. The Executive This confidentiality covenant has no temporal, geographical or territorial restriction. Employee further represents and agrees that, during that up to and after the Term and at all times thereafter, the Executive Retirement Date Employee is obligated to comply with the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding trading shares and/or exercising options related to the Company’s 's stock. The Executive Employee acknowledges that the Company has not provided opinions or legal advice regarding the ExecutiveEmployee’s obligations in this respect and that it is the Executive’s Employee's responsibility to seek independent legal advice with respect to any stock or option transaction.
Appears in 1 contract
Non-Disclosure and Non-Use. The Executive Employee shall not, during the Term and at all times thereafter, without the written authorization of the Chairman and Chief Executive Officer (“CEO”) of the Company or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “Executive Approval”)Company, use (except for the benefit of the Company) any Confidential and Trade Secret Information relating to the Company. The Executive Employee shall hold in strictest confidence and shall not, without the Executive Approvalwritten authorization of the Chairman and CEO of the Company, disclose to anyone, other than directors, officers, employees and counsel of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “Confidential and Trade Secret Information” information includes: the general or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processes, know-how, designs, formulas, methods, software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costs, suppliers, and information regarding the skills, compensation or duties of employees, independent contractors or consultants of the Company and any other information about the Company that is proprietary or confidential. Notwithstanding the foregoing, nothing herein shall prevent the Executive Employee from disclosing Confidential and Trade Secret Information to the extent required by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration involving this Agreement. The restrictions set forth in this Section 6(b) shall not apply to information that is or becomes generally available to the public or known within the Company’s trade or industry (other than as a result of its wrongful disclosure by the ExecutiveEmployee), or information received on a non-confidential basis from sources other than the Company who are not in violation of a confidentiality agreement with the Company. The Executive This confidentiality covenant has no temporal, geographical or territorial restriction. Employee further represents and agrees that, during that up to and after the Term and at all times thereafter, the Executive Separation Date he is obligated to comply with the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding trading shares and/or exercising options related to the Company’s stock. The Executive Employee acknowledges that the Company has not provided opinions or legal advice to him regarding the Executive’s his obligations in this respect and that it is the ExecutiveEmployee’s responsibility to seek independent legal advice with respect to any stock or option transaction. To assist Employee with his obligation to comply with the rules and regulations of the SEC, on or prior to the Effective Date, the Company shall provide Employee with an up-to-date copy of the Company’s 2010 fiscal calendar stock trading window and shall provide Employee with any material updates to such window information through the 90th day following the Separation Date.
Appears in 1 contract
Non-Disclosure and Non-Use. The Executive shall not, during the Term and at all times thereafter, without the written authorization of the Chief Executive Officer (“CEO”) CEO of the Company or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “Executive Approval”), use (except for the benefit of the Company) any Confidential and Trade Secret Information relating to the Company. The Executive shall hold in strictest confidence and shall not, without the Executive Approval, disclose to anyone, other than directors, officers, employees and counsel of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “Confidential and Trade Secret Information” includes: the general or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processes, know-how, designs, formulas, methods, software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costs, suppliers, and information regarding the skills, compensation or duties of employees, independent contractors or consultants of the Company and any other information about the Company that is proprietary or confidential. Notwithstanding the foregoing, nothing herein shall prevent the Executive from disclosing Confidential and Trade Secret Information to the extent required by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration involving this Agreement. The restrictions set forth in this Section 6(b7(b) shall not apply to information that is or becomes generally available to the public or known within the Company’s trade or industry (other than as a result of its wrongful disclosure by the Executive), or information received on a non-confidential basis from sources other than the Company who are not in violation of a confidentiality agreement with the Company. The Executive further represents and agrees that, during the Term and at all times thereafter, the Executive is obligated to comply with the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding trading shares and/or exercising options or stock appreciation rights related to the Company’s 's stock. The Executive acknowledges that the Company has not provided opinions or legal advice regarding the Executive’s obligations in this respect and that it is the Executive’s 's responsibility to seek independent legal advice with respect to any stock or option transaction.
Appears in 1 contract