Common use of Nondisclosure of Trade Secrets and Confidential Information Clause in Contracts

Nondisclosure of Trade Secrets and Confidential Information. For a period of two (2) years after the Employee is no longer employed by the Company, the Bank or an Affiliated Company, Employee shall not directly or indirectly transmit or disclose any Trade Secrets or Confidential Information to any person, concern or entity, or make use of any such Confidential Information, directly or indirectly, for himself or for others, without the prior express written consent of the Chief Executive Officer of the Bank. During the term of this Agreement and perpetually thereafter, for so long as the information remains a Trade Secret, Employee shall not directly or indirectly, for himself or for others, without the prior express written consent of the Chief Executive Officer of the Bank, transmit or disclose any Trade Secrets to any person, concern or entity, or make use of any such Trade Secrets. Employee warrants that he has not disclosed or used for his own benefit or the benefit of anyone other than the Bank any Confidential Information or Trade Secrets prior to the execution or effectiveness of this Agreement.