Nondisclosure Covenant. (a) The parties acknowledge that the Company is an enterprise whose success is attributable largely to the ownership, use and development of certain valuable confidential and proprietary information (the "Confidential Data"), and that the Employee's employment with the Company will involve the Employee's access to and work with such information. The Employee acknowledges that his relationship with the Company is a confidential relationship. The Employee covenants and agrees that (i) he shall keep and maintain the Confidential Data in strictest confidence, and (ii) he shall not, either directly or indirectly, use any Confidential Data for his own benefit, or divulge, disclose, or communicate any Confidential Data in any manner whatsoever to any person or entity other than the employees or agents of the Company having a need to know such Confidential Data, and only to the extent necessary to perform their responsibilities on behalf of the Company, and other than in the performance of the Employee's duties in the employment by the Company. The Employee's agreement not to disclose Confidential Data shall apply to all Confidential Data, whether or not the Employee participated in the development thereof. Upon termination of employment for any reason, the Employee will return to the Company all documents, notes, programs, data and any other materials (including any copies thereof) in his/her possession. (b) For purposes of this Agreement, the term "Confidential Data" shall include any and all information related to the business of the Company, or to its products, sales or businesses which is not general public knowledge, specifically including (but without limiting the generality of the foregoing) all financial and accounting data; computer software; processes; formulae; inventions; methods; trade secrets; computer programs; engineering or technical data, drawings, or designs; manufacturing techniques; patents, patent applications, copyrights and copyright applications (in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned by the Company; information concerning pricing and pricing policies; marketing techniques; suppliers; methods and manner of operations; and information relating to the identity, needs and location of all past, present and prospective customers. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and that any breach of the terms of this paragraph shall be a material breach of this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Smart Online Inc), Employment Agreement (Smart Online Inc), Employment Agreement (Smart Online Inc)
Nondisclosure Covenant. (a) The parties acknowledge that the Company is an enterprise whose success is attributable largely to the ownership, use and development of certain valuable confidential and proprietary information (the "“Confidential Data"”), and that the Employee's ’s employment with the Company will involve the Employee's ’s access to and work with such information. The Employee acknowledges that his relationship with the Company is a confidential relationship. The Employee covenants and agrees that (i) he shall keep and maintain the Confidential Data in strictest confidence, and (ii) he shall not, either directly or indirectly, use any Confidential Data for his own benefit, or divulge, disclose, or communicate any Confidential Data in any manner whatsoever to any person or entity other than the employees or agents of the Company having a need to know such Confidential Data, and only to the extent necessary to perform their responsibilities on behalf of the Company, and other than in the performance of the Employee's ’s duties in the employment by the Company. The Employee's ’s agreement not to disclose Confidential Data shall apply to all Confidential Data, whether or not the Employee participated in the development thereof. Upon termination of employment for any reason, the Employee will return to the Company all documents, notes, programs, data and any other materials (including any copies thereof) in his/her possession.
(b) For purposes of this Agreement, the term "“Confidential Data" ” shall include any and all information related to the business of the Company, or to its products, sales or businesses which is not general public knowledge, specifically including (but without limiting the generality of the foregoing) all financial and accounting data; computer software; processes; formulae; inventions; methods; trade secrets; computer programs; engineering or technical data, drawings, or designs; manufacturing techniques; patents, patent applications, copyrights and copyright applications (in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned by the Company; information concerning pricing and pricing policies; marketing techniques; suppliers; methods and manner of operations; and information relating to the identity, needs and location of all past, present and prospective customers. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and that any breach of the terms of this paragraph shall be a material breach of this Agreement.
Appears in 3 contracts
Samples: Employment Agreement (Smart Online Inc), Employment Agreement (Smart Online Inc), Employment Agreement (Smart Online Inc)
Nondisclosure Covenant. (a) The parties acknowledge that the Company is and SOL comprise an enterprise whose success is attributable largely to the ownership, use and development of certain valuable confidential and proprietary information (the "“Confidential Data"”), and that the Employee's ’s employment with the Company will involve the Employee's ’s access to and work with such information. The Employee acknowledges that his relationship with the Company is a confidential relationship. The Employee covenants and agrees that (i) he shall keep and maintain the Confidential Data in strictest confidence, and (ii) he shall not, either directly or indirectly, use any Confidential Data for his own benefit, or divulge, disclose, or communicate any Confidential Data in any manner whatsoever to any person or entity other than the employees or agents of the Company having a need to know such Confidential Data, and only to the extent necessary to perform their responsibilities on behalf of the CompanyCompany and SOL, and other than in the performance of the Employee's ’s duties in the employment by the Company, except as otherwise required by law, including any judicial or administrative order. The Employee's ’s agreement not to disclose Confidential Data shall apply to all Confidential Data, whether or not the Employee participated in the development thereof. Upon termination of employment for any reason, the Employee will return to the Company all documents, notes, programs, data and any other materials (including any copies thereof) in his/her his possession.
(b) For purposes of this Agreement, the term "“Confidential Data" ” shall include any and all information related to the business of the CompanyCompany and SOL, or to its their products, sales or businesses which is not general public knowledge, specifically including (but without limiting the generality of the foregoing) all financial and accounting data; computer software; processes; formulae; inventions; methods; trade secrets; computer programs; engineering or technical data, drawings, or designs; manufacturing techniques; patents, patent applications, copyrights and copyright applications (in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned by the CompanyCompany or SOL; information concerning pricing and pricing policies; marketing techniques; suppliers; methods and manner of operations; and information relating to the identity, needs and location of all past, present and prospective customers; but shall not include information that is generally available to the public, already known to the Employee on July 26, 2005 (i.e., the date of the Letter of Intent for SOL’s acquisition of the Company), or lawfully acquired by the Employee from other sources. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and SOL, and that any breach of the terms of this paragraph Paragraph 8 shall be a material breach of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Smart Online Inc), Employment Agreement (Smart Online Inc)
Nondisclosure Covenant. (a) The parties acknowledge that the Company is an enterprise whose success is attributable largely to the ownership, use and development of certain valuable confidential and proprietary information (the "“Confidential Data"”), and that the Employee's ’s employment with the Company will involve the Employee's ’s access to and work with such information. The Employee acknowledges that his her relationship with the Company is a confidential relationship. The Employee covenants and agrees that (i) he she shall keep and maintain the Confidential Data in strictest confidence, and (ii) he she shall not, either directly or indirectly, use any Confidential Data for his her own benefit, or divulge, disclose, or communicate any Confidential Data in any manner whatsoever to any person or entity other than the employees or agents of the Company having a need to know such Confidential Data, and only to the extent necessary to perform their responsibilities on behalf of the Company, and other than in the performance of the Employee's ’s duties in the employment by the Company. The Employee's ’s agreement not to disclose Confidential Data shall apply to all Confidential Data, whether or not the Employee participated in the development thereof. Upon termination of employment for any reason, the Employee will return to the Company all documents, notes, programs, data and any other materials (including any copies thereof) in his/her possession.
(b) For purposes of this Agreement, the term "“Confidential Data" ” shall include any and all information related to the business of the Company, or to its products, sales or businesses which is not general public knowledge, specifically including (but without limiting the generality of the foregoing) all financial and accounting data; computer software; processes; formulae; inventions; methods; trade secrets; computer programs; engineering or technical data, drawings, or designs; manufacturing techniques; patents, patent applications, copyrights and copyright applications (in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned by the Company; information concerning pricing and pricing policies; marketing techniques; suppliers; methods and manner of operations; and information relating to the identity, needs and location of all past, present and prospective customers. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and that any breach of the terms of this paragraph shall be a material breach of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Smart Online Inc), Employment Agreement (Smart Online Inc)
Nondisclosure Covenant. (a) The parties acknowledge that the Company is an enterprise whose success is attributable largely to the ownership, use and development of certain valuable confidential and proprietary information (the "Confidential Data"), and that the Employee's employment with the Company will involve the Employee's access to and work with such information. The Employee acknowledges that his her relationship with the Company is a confidential relationship. The Employee covenants and agrees that (i) he she shall keep and maintain the Confidential Data in strictest confidence, and (ii) he she shall not, either directly or indirectly, use any Confidential Data for his her own benefit, or divulge, disclose, or communicate any Confidential Data in any manner whatsoever to any person or entity other than the employees or agents of the Company having a need to know such Confidential Data, and only to the extent necessary to perform their responsibilities on behalf of the Company, and other than in the performance of the Employee's duties in the employment by the Company. The Employee's agreement not to disclose Confidential Data shall apply to all Confidential Data, whether or not the Employee participated in the development thereof. Upon termination of employment for any reason, the Employee will return to the Company all Company documents, notes, programs, data and any other materials (including any copies thereof) in his/her possession.
(b) For purposes of this Agreement, the term "Confidential Data" shall include any and all information related to the business of the Company, or to its products, sales or businesses which is not general public knowledge, specifically including (but without limiting the generality of the foregoing) all financial and accounting data; computer software; processes; formulae; inventions; methods; trade secrets; computer programs; engineering or technical data, drawings, or designs; manufacturing techniques; patents, patent applications, copyrights and copyright applications (in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned by the Company; information concerning pricing and pricing policies; marketing techniques; suppliers; methods and manner of operations; and information relating to the identity, needs and location of all past, present and prospective customers. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and that any breach of the terms of this paragraph shall be a material breach of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Smart Online Inc), Employment Agreement (Smart Online Inc)
Nondisclosure Covenant. (a) The parties acknowledge that the Company is an enterprise whose success is attributable largely to the ownership, use and development of certain valuable confidential and proprietary information (the "Confidential DataCONFIDENTIAL DATA"), and that the Employee's employment with the Company will involve the Employee's access to and work with such information. The Employee acknowledges that his relationship with the Company is a confidential relationship. The Employee covenants and agrees that (i) he shall keep and maintain the Confidential Data in strictest confidence, and (ii) he shall not, either directly or indirectly, use any Confidential Data for his own benefit, or divulge, disclose, or communicate any Confidential Data in any manner whatsoever to any person or entity other than the employees or agents of the Company having a need to know such Confidential Data, and only to the extent necessary to perform their responsibilities on behalf of the Company, and other than in the performance of the Employee's duties in the employment by the Company. The Employee's agreement not to disclose Confidential Data shall apply to all Confidential Data, whether or not the Employee participated in the development thereof. Upon termination of employment for any reason, the Employee will return to the Company all Company documents, notes, programs, data and any other materials (including any copies thereof) in his/her possession.
(b) For purposes of this Agreement, the term "Confidential DataCONFIDENTIAL DATA" shall include any and all information related to the business of the Company, or to its products, sales or businesses which is not general public knowledge, specifically including (but without limiting the generality of the foregoing) all financial and accounting data; computer software; processes; formulae; inventions; methods; trade secrets; computer programs; engineering or technical data, drawings, or designs; manufacturing techniques; patents, patent applications, copyrights and copyright applications (in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned by the Company; information concerning pricing and pricing policies; marketing techniques; suppliers; methods and manner of operations; and information relating to the identity, needs and location of all past, present and prospective customers. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and that any breach of the terms of this paragraph shall be a material breach of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Smart Online Inc), Employment Agreement (Smart Online Inc)
Nondisclosure Covenant. (a) The parties acknowledge that the Company is an enterprise whose success is attributable largely to the ownership, use and development of certain valuable confidential and proprietary information (the "Confidential Data"), and that the Employee's employment with the Company will involve the Employee's access to and work with such information. The Employee acknowledges that his relationship with the Company is a confidential relationship. The Employee covenants and agrees that (i) he shall keep and maintain the Confidential Data in strictest confidence, and (ii) he shall not, either directly or indirectly, use any Confidential Data for his own benefit, or divulge, disclose, or communicate any Confidential Data in any manner whatsoever to any person or entity other than the employees or agents of the Company having a need to know such Confidential Data, and only to the extent necessary to perform their responsibilities on behalf of the Company, and other than in the performance of the Employee's duties in the employment by the Company. The Employee's agreement not to disclose Confidential Data shall apply to all Confidential Data, whether or not the Employee participated in the development thereof. Upon termination of employment for any reason, the Employee will return to the Company all Company documents, notes, programs, data and any other materials (including any copies thereof) in his/her possession.
(b) For purposes of this Agreement, the term "Confidential Data" shall include any and all information related to the business of the Company, or to its products, sales or businesses which is not general public knowledge, specifically including (but without limiting the generality of the foregoing) all financial and accounting data; computer software; processes; formulae; inventions; methods; trade secrets; computer programs; engineering or technical data, drawings, or designs; manufacturing techniques; patents, patent applications, copyrights and copyright applications (in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned by the Company; information concerning pricing and pricing policies; marketing techniques; suppliers; methods and manner of operations; and information relating to the identity, needs and location of all past, present and prospective customers. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and that any breach of the terms of this paragraph shall be a material breach of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Smart Online Inc), Employment Agreement (Smart Online Inc)
Nondisclosure Covenant. (a) The parties acknowledge that the Company is an enterprise whose success is attributable largely to the ownership, . use and development of certain valuable confidential and proprietary information (the "Confidential Data"), and that the Employee's employment with the Company will involve the Employee's access to and work with such information. The Employee acknowledges that his relationship with the Company is a confidential relationship. The Employee covenants and agrees that (i) he shall keep and maintain the Confidential Data in strictest confidence, and (ii) he shall not, either directly or indirectly, use any Confidential Data for his own benefit, or divulge, disclose, or communicate any Confidential Data in any manner whatsoever to any person or entity other than the employees or agents of the Company having a need to know such Confidential Data, and only to the extent necessary to perform their responsibilities on behalf of the Company, and other than in the performance of the Employee's duties in the employment by the Company. The Employee's agreement not to disclose Confidential Data shall apply to all Confidential Data, whether or not the Employee participated in the development thereof. Upon termination of employment for any reason, the Employee will return to the Company all Company documents, notes, programs, data and any other materials (including any copies thereof) in his/her possession.
(b) For purposes of this Agreement, the term "Confidential Data" shall include any and all information related to the business of the Company, or to its products, sales or businesses which is not general public knowledge, specifically including (but without limiting the generality of the foregoing) all financial and accounting data; : computer software; : processes; : formulae; : inventions; : methods; : trade secrets; : computer programs; : engineering or technical data, drawings, or designs; manufacturing techniques; patents, patent applications, copyrights and copyright applications (in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned by the Company; : information concerning pricing and pricing policies; marketing techniques; suppliers; . methods and manner of operations; . and information relating to the identity, needs and location of all past, . present and prospective customers. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and that any breach of the terms of this paragraph shall be a material breach of this Agreement.
Appears in 1 contract
Nondisclosure Covenant. (a) The parties acknowledge that the Company is an enterprise whose success is attributable largely to the ownership, use and development of certain valuable confidential and proprietary information (the "“Confidential Data"”), and that the Employee's ’s employment with the Company will involve the Employee's ’s access to and work with such information. The Employee acknowledges that his relationship with the Company is a confidential relationship. The Employee covenants and agrees that (i) he shall keep and maintain the Confidential Data in strictest confidence, and (ii) he shall not, either directly or indirectly, use any Confidential Data for his own benefit, or divulge, disclose, or communicate any Confidential Data in any manner whatsoever to any person or entity other than the employees or agents of the Company having a need to know such Confidential Data, and only to the extent necessary to perform their responsibilities on behalf of the Company, and other than in the performance of the Employee's ’s duties in the employment by the Company. The Employee's ’s agreement not to disclose Confidential Data shall apply to all Confidential Data, whether or not the Employee participated in the development thereof. Upon termination of employment for any reason, the Employee will return to the Company all Company documents, notes, programs, data and any other materials (including any copies thereof) in his/her possession.
(b) For purposes of this Agreement, the term "“Confidential Data" ” shall include any and all information related to the business of the Company, or to its products, sales or businesses which is not general public knowledge, specifically including (but without limiting the generality of the foregoing) all financial and accounting data; computer software; processes; formulae; inventions; methods; trade secrets; computer programs; engineering or technical data, drawings, or designs; manufacturing techniques; patents, patent applications, copyrights and copyright applications (in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned by the Company; information concerning pricing and pricing policies; marketing techniques; suppliers; methods and manner of operations; and information relating to the identity, needs and location of all past, present and prospective customers. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and that any breach of the terms of this paragraph shall be a material breach of this Agreement.
Appears in 1 contract
Nondisclosure Covenant. (a) The parties acknowledge Employee agrees that Employee will not, directly or indirectly, during the Company is an enterprise whose success is attributable largely to the ownership, use and development term of certain valuable confidential and proprietary information (the "Confidential Data"), and that the Employee's ’s employment with the Company will involve or at any time thereafter, without the Employee's access to and work with such information. The Employee acknowledges that his relationship with prior express written consent of the Company is a confidential relationship. The Employee covenants and agrees that (i) he shall keep and maintain the Confidential Data in strictest confidence, and (ii) he shall not, either directly or indirectlyCompany, use any Confidential Data for his own benefit, or divulge, disclose, disclose or communicate make available or accessible any Confidential Data in any manner whatsoever Information to any person or entity (other than the employees or agents of the Company having a need when required to know such Confidential Data, and only to the extent necessary do so in good faith to perform their Employee’s duties and responsibilities on behalf of the Company during the term of Employee’s employment with the Company, or when required to do so by a lawful order of a court of competent jurisdiction, any governmental authority or agency, or any recognized subpoena power). In the event that Employee becomes legally compelled (by oral questions, interrogatories, request for information or documents, subpoena, criminal or civil investigative demand or similar process) to disclose any Confidential Information, then prior to such disclosure, Employee will provide the Company with prompt written notice so that the Company may seek (with Employee’s cooperation) a protective order or other appropriate remedy and/or waive compliance with the provisions of this paragraph. In the event that such protective order or other remedy is not obtained, then Employee will furnish only that portion of the Confidential Information which he is advised by counsel is legally required, and other than will cooperate with the Company in the performance of Company’s efforts to obtain reliable assurance that confidential treatment will be accorded to the Employee's duties in the employment by Confidential Information. Employee shall also proffer to the Company. The Employee's agreement not to disclose Confidential Data shall apply to all Confidential Data, whether or not no later than the Employee participated in the development thereof. Upon effective date of any termination of Employee’s employment with the Company for any reason, reason or upon the Employee will return to the Company all documents, notes, programs, data and any other materials (including any copies thereof) in his/her possession.
(b) For purposes of this Agreement, the term "Confidential Data" shall include any and all information related to the business earlier request of the Company, and without retaining any copies, notes or to its productsexcerpts thereof, sales all memoranda, computer disks or businesses which is not general public knowledgeother media, specifically including (but without limiting the generality of the foregoing) all financial and accounting data; computer software; processes; formulae; inventions; methods; trade secrets; computer programs; engineering or technical , diaries, notes, records, data, drawingscustomer or client lists, marketing plans and strategies, and any other documents consisting of or designs; manufacturing techniques; patentscontaining Confidential Information, patent applicationsas well as all other property belonging to the Company or its affiliates, copyrights in each case, that are in Employee’s actual or constructive possession or which are subject to Employee’s control at such time. The obligations contained in this paragraph are in addition to, and copyright applications (not in lieu of, any obligations to which Employee may be subject under the Idaho Rules of Professional Conduct or similar rules governing lawyers in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned by the Company; information concerning pricing and pricing policies; marketing techniques; suppliers; methods and manner of operations; and information relating to the identity, needs and location of all past, present and prospective customers. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and that any breach of the terms of this paragraph shall be a material breach of this Agreementapplicable jurisdiction.
Appears in 1 contract
Samples: Key Employee Nondisclosure and Noncompetition Agreement (MWI Veterinary Supply, Inc.)
Nondisclosure Covenant. (a) The parties acknowledge that the Company is an enterprise whose success is attributable largely to the ownership, use and development of certain valuable confidential and proprietary information (the "“Confidential Data"”), and that the Employee's ’s employment with the Company will involve the Employee's ’s access to and work with such information. The Employee acknowledges that his relationship with the Company is a confidential relationship. The Employee covenants and agrees that (i) he shall keep and maintain the Confidential Data in strictest confidence, and (ii) he shall not, either directly or indirectly, use any Confidential Data for his own benefit, or divulge, disclose, or communicate any Confidential Data in any manner whatsoever to any person or entity other than the employees or agents of the Company having a need to know such Confidential Data, and only to the extent necessary to perform their responsibilities on behalf of the Company, and other than in the performance of the Employee's ’s duties in the employment by the Company. The Employee's ’s agreement not to disclose Confidential Data shall apply to all Confidential Data, whether or not the Employee participated in the development thereof. Upon termination of employment for any reason, the Employee will return to the Company all documents, notes, programs, data and any other materials (including any copies thereof) in his/her possession.
(b) For purposes of this Agreement, the term "“Confidential Data" ” shall include any and all information related to the business of the Company, or to its products, sales or businesses which is not general public knowledge, specifically including (but without limiting the generality of the foregoing) all financial and accounting data; computer software; processes; formulae; inventions; methods; trade secrets; computer programs; engineering or technical data, drawings, or designs; manufacturing techniques; patents, patent applications, copyrights and copyright applications (in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned by the Company; information concerning pricing and pricing policies; marketing techniques; suppliers; methods and manner of operations; and information relating to the identity, needs and location of all past, present and prospective customers. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and that any breach of the terms of this paragraph shall be a material breach of this Agreement.
Appears in 1 contract
Nondisclosure Covenant. A. The Employee shall not at any time reveal to any person or entity any Proprietary Information (aas defined below) The parties acknowledge that or information belonging to any third party which the Company Employer is under an enterprise whose success is attributable largely obligation to the ownership, use and development of certain valuable confidential and proprietary information (the "Confidential Data")keep confidential, and that the Employee's employment with the Company will involve the Employee's access to and work with such information. The Employee acknowledges that his relationship with the Company is a confidential relationship. The Employee covenants and agrees that (i) he shall keep secret all Proprietary Information 7 <PAGE> which is possessed by or may be entrusted to him and maintain the Confidential Data in strictest confidence, and (ii) he shall not, either directly not use or indirectly, attempt to use any Confidential Data Proprietary Information (or such information belonging to a third party) for his own benefit, or divulge, disclose, for the benefit of any third party or communicate any Confidential Data in any manner whatsoever which may injure or cause loss or may be calculated to any person injure or entity other than cause loss (whether directly or indirectly) to the employees Employer. The Employee shall take or agents omit to take such actions as the Employer may reasonably request to preserve all Proprietary Information as the sole and exclusive property of the Company having a need to know such Confidential Data, and only Employer.
B. Anything to the extent necessary to perform their responsibilities on behalf of the Company, and other than in the performance of the Employee's duties in the employment by the Company. The Employee's agreement not to disclose Confidential Data shall apply to all Confidential Data, whether or not the Employee participated in the development thereof. Upon termination of employment for any reasoncontrary herein notwithstanding, the Employee will return shall not at any time publish any Proprietary Information or any information derived therefrom, without the prior express written permission of the Employer.
C. Upon request of the Employer, the Employee shall immediately deliver to the Company Employer all documentsnotes, notesmemoranda, drawings, specifications, programs, data and any or other materials (including in his possession constituting Proprietary Information and all copies of any copies thereof) in his/her possessionof the foregoing.
(b) For purposes of this AgreementD. As used herein, the term "Confidential DataProprietary Information" shall mean all client and customer lists, pricing information and trade secrets owned or used by the Employer, or which otherwise constitute assets of the Employer or relate to the Employer's business; and any other data, information, documents or forms pertaining to the financial condition, business affairs or prospects of the Employer, including, without limitation, any such information relative to customers or suppliers, samples, sketches, bulletins, memoranda, correspondence, forms and records (including financial statements), information concerning sources of supply, costs of manufacture and sale and specifications of equipment; whether or not any of the foregoing is published or unpublished, protected or susceptible to protection under patent, trademark, copyright or similar laws and whether or not any party has elected to secure or attempted to secure such protection. Notwithstanding the foregoing, the term "Proprietary Information" shall not include any and all of the foregoing information related or materials to the business extent (i) generally known to the public through no wrongful act of the Company, Employee or to its products, sales or businesses which is not general public knowledge, specifically including (but without limiting the generality of the foregoingii) all financial and accounting data; computer software; processes; formulae; inventions; methods; trade secrets; computer programs; engineering or technical data, drawings, or designs; manufacturing techniques; patents, patent applications, copyrights and copyright applications (in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned lawfully received by the Company; information concerning pricing Employee from a third party without restriction on disclosure and pricing policies; marketing techniques; suppliers; methods and manner without a breach by the third party of operations; and information relating to the identity, needs and location any obligation of all past, present and prospective customersconfidentiality. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and that any breach of the terms of this paragraph shall be a material breach of this AgreementIV.
Appears in 1 contract
Samples: Severance Agreement
Nondisclosure Covenant. (a) The parties Employer and the Executive acknowledge that the Company is an enterprise whose success is attributable largely services to be performed by the ownershipExecutive under this Agreement are unique and valuable and that, use as a result of the Executive's employment, the Executive will be in a relationship of confidence and development trust with Employer and will come into possession of certain valuable confidential and proprietary information (the "Confidential DataInformation"), and that the Employee's employment with the Company will involve the Employee's access to and work with such information. The Employee acknowledges that his relationship with the Company is a confidential relationship. The Employee covenants and agrees that
(i) he shall keep owned or controlled by Employer and maintain the Confidential Data in strictest confidence, its subsidiaries and affiliates; (ii) he shall notin the possession of Employer and its subsidiaries and affiliates and belonging to third parties; or (iii) conceived, either directly originated, discovered or indirectlydeveloped, use any in whole or in part, by the Executive. As used herein "Confidential Data for his own benefit, or divulge, disclose, or communicate any Confidential Data in any manner whatsoever to any person or entity other than the employees or agents of the Company having a need to know such Confidential Data, and only to the extent necessary to perform their responsibilities on behalf of the Company, Information" means trade secrets and other than in the performance confidential or proprietary business, technical, personnel or financial information of the Employee's duties in the employment by the Company. The Employee's agreement not to disclose Confidential Data shall apply to all Confidential DataEmployer, whether or not the Employee participated Executive's work product, in written, graphic, oral or other tangible or intangible forms, including but not limited to specifications, samples, records, data, computer programs, drawings, diagrams, models, consumer names, ID's or email addresses, business or marketing plans, studies, analyses, projections and reports, communications by or to attorneys (including attorney-client privileged communications), memos and other materials prepared by attorneys or under their direction (including attorney work product), and software systems and processes that are not readily available to the public, even it is not specifically marked as a trade secret or confidential, unless Employer advises the Executive otherwise in writing or unless the information has been shared by Employer with entities not bound by nondisclosure agreements. In consideration of the compensation and benefits to be paid or provided to the Executive by the Employer under this Agreement, the Executive agrees not to directly or indirectly use or disclose to anyone, either during the Employment Period or after the termination of this Agreement, except in the development thereofperformance of his duties of his employment with Employer or with Employer's prior written consent, any Confidential Information of Employer. Upon This nondisclosure covenant does not apply to information that is disclosed or becomes public through another source; which Executive is required to disclose pursuant to court order, subpoena or applicable law (provided that Executive will use reasonable efforts to provide Employer with prompt notice of any such requests or requirement so that Employer may seek an appropriate protective order); or which is disclosed in any proceeding to enforce or interpret this Agreement. The Executive agrees that in the event of the termination of the Executive's employment for any reason, the Employee Executive will return deliver to Employer, upon request, all property belonging to Employer, including all documents and materials of any nature pertaining to the Company all documents, notes, programs, data Executive's work with Employer and will not take with him any other documents or materials (including of any copies thereof) in his/her possession.
(b) For purposes of this Agreement, the term "Confidential Data" shall include any and all information related to the business of the Companydescription, or any reproduction thereof of any description, containing or pertaining to its products, sales or businesses which is not general public knowledge, specifically including (but without limiting the generality of the foregoing) all financial and accounting data; computer software; processes; formulae; inventions; methods; trade secrets; computer programs; engineering or technical data, drawings, or designs; manufacturing techniques; patents, patent applications, copyrights and copyright applications (in any such case, whether registered or to be registered in the United States of America or elsewhere) applied for, issued to or owned by the Company; information concerning pricing and pricing policies; marketing techniques; suppliers; methods and manner of operations; and information relating to the identity, needs and location of all past, present and prospective customers. The parties stipulate that as between them the above-described matters are important and confidential and gravely affect the successful conduct of the business of the Company and that any breach of the terms of this paragraph shall be a material breach of this AgreementConfidential Information.
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