Common use of Obligations of Employee Clause in Contracts

Obligations of Employee. Employee shall: (a) hold all Information in strictest confidence; (b) not use, duplicate, reproduce, distribute, disclose or otherwise disseminate Information in any form; and (c) not take or fail to take any action with respect to Information which would result in any Information losing its character or ceasing to qualify as Confidential Information or a Trade Secret. In the event that Employee is required by law to disclose any Information, Employee shall not make such disclosure unless (and then only to the extent that) Employee has been advised by the Company's legal counsel that such disclosure is required by law and then only after prior written notice is given to Employer as soon as Employee becomes aware that such disclosure has been requested or may be required by law. Section 5 shall survive the termination of this Agreement with respect to Information for so long as such information remains Confidential Information or a Trade Secret.

Appears in 3 contracts

Samples: Executive Employment Agreement (Midstate Bancorp, Inc.), Executive Employment Agreement (Midstate Bancorp, Inc.), Executive Employment Agreement (Midstate Bancorp, Inc.)

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Obligations of Employee. Employee shall: (a) hold all Information in strictest confidence; (b) not use, duplicate, reproduce, distribute, disclose or otherwise disseminate Information in any form; and (c) not take or fail to take any action with respect to Information which would result in any Information losing its character or ceasing to qualify as Confidential Information or a Trade Secret. In the event that Employee is required by law to disclose any Information, Employee shall not make such disclosure unless (and then only to the extent that) Employee has been advised by the Company's ’s legal counsel that such disclosure is required by law and then only after prior written notice is given to Employer as soon as Employee becomes aware that such disclosure has been requested or may be required by law. Section 5 shall survive the termination of this Agreement with respect to Information for so long as such information remains Confidential Information or a Trade Secret.

Appears in 2 contracts

Samples: Executive Employment Agreement (Carroll Bancorp, Inc.), Executive Employment Agreement (Carroll Bancorp, Inc.)

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Obligations of Employee. Employee shall: (a) hold all Information in strictest confidence; (b) not use, duplicate, reproduce, distribute, disclose or otherwise disseminate Information in any form; and (c) not take or fail to take any action with respect to Information which would result in any Information losing its character or ceasing to qualify as Confidential Information or a Trade Secret. In the event that Employee is required by law to disclose any Information, Employee shall not make such disclosure unless (and then only to the extent that) Employee has been advised by the Company's ’s legal counsel that such disclosure is required by law and then only after prior written notice is given to Employer as soon as a Employee becomes aware that such disclosure has been requested or may be required by law. Section 5 shall survive the termination of this Agreement with respect to Information for so long as such information remains Confidential Information or a Trade Secret.

Appears in 1 contract

Samples: Employment Agreement (Carroll Bancorp, Inc.)

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