Common use of Nondisclosure of Information Clause in Contracts

Nondisclosure of Information. 2.1 Employee further agrees and covenants that Employee will not at any time, either during Employee’s employment or after said employment is terminated, in any fashion, form or manner, either directly or indirectly, divulge, disclose or communicate to any person, firm or corporation in any manner whatsoever, any proprietary information, confidential information, trade secrets or sensitive business information (hereinafter called “Confidential Information”) concerning or relating to the business of the Company. Without limiting the generality of the foregoing, the foregoing shall include the items described in Article 1.1, the names of any company customers (as such), its customer lists (as such), the prices it obtains or has obtained or at which it sells or has sold its products or at which it buys or has bought materials, components or other supplies, estimates of the foregoing, sales projections, advertising, personnel history or any other information of, about or concerning the business of the Company, its relations with its employees, including salaries, job classifications, skill levels, and its manner of operation, its inventions, plans, processes, or other data of any kind, nature or description. Notwithstanding these prohibitions, Employee shall be entitled to divulge or authorize others in writing to divulge all information regarding his or her own employment. The parties hereto stipulate that as between them, the foregoing are the exclusive property of the Company and are important, material, confidential, and trade secrets, and gravely affect the successful conduct of the business of the Company and its goodwill, and that any breach of the terms of this paragraph is a material breach hereof. 2.2 Employee agrees that upon termination of Employee’s employment for any reason, Employee will deliver to the company in good condition the original and all copies of any records in Employee’s possession relating to the Confidential Information described in Articles 1 and 2.1. 2.3 Employee agrees that the terms of this paragraph shall survive the termination of Employee’s employment, and Employee shall be bound by its terms at all times subsequent to the termination of Employee’s employment for seven (7) years after the execution of this Agreement so long as the Company continues to conduct the same business or businesses it was conducting during the period of this contract.