Common use of Obligations of Executive During and After Employment Clause in Contracts

Obligations of Executive During and After Employment. (a) Executive agrees that during the term of his employment under this Agreement, he will engage in no other business activities, directly or indirectly, which are or may be competitive with or which might place him in a competing position to that of the Company, or any affiliated company, without the written consent of the Board. (b) Executive realizes that during the course of his employment he will have produced and/or have access to confidential information, records, notebooks, data, formulae, specifications, trade secrets, customer lists, inventions and processes of Company and its affiliated companies. Therefore, during and subsequent to his employment by the Company, or by an affiliated company, Executive agrees to hold in confidence and not directly or indirectly to disclose or use or copy or make lists of any such information, except to the extent authorized by the Company in writing. All records, files, drawings, documents, equipment, and the like, or copies thereof, relating to the Company's business, or the business of an affiliated company, which Executive shall prepare, or use, or come into contact with, shall be and remain the sole property of Company, or of an affiliated company, and shall not be removed from the Company's or the affiliated Company's premises without its written consent, and shall be promptly returned to the Company upon termination of the Executive's employment with the Company and its affiliated companies.

Appears in 1 contract

Samples: Quarterly Report

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Obligations of Executive During and After Employment. (a) Executive agrees that during the term of his employment under this Agreement, he will engage in no other business activities, directly or indirectly, which are or may be competitive with or which might place him in a competing position to that of the Company, or any affiliated company, without the written consent of the Board. (b) Executive realizes that during the course of his employment he will have produced and/or have access to confidential information, records, notebooks, data, formulae, specifications, trade secrets, customer lists, inventions and processes of Company and its affiliated companies. Therefore, during and or subsequent to his employment by the Company, or by an affiliated company, Executive agrees to hold in confidence and not directly or indirectly to disclose or use or copy or make lists of any such information, except to the extent authorized by the Company in writing. All records, files, drawings, documents, equipment, and the like, or copies thereof, relating to the Company's business, or the business of an affiliated company, which Executive shall prepare, or use, or come into contact with, shall be and remain the sole property of Company, or of an affiliated company, and shall not be removed from the Company's or the affiliated Company's premises without its written consent, and shall be promptly returned to the Company upon termination of the Executive's employment with the Company and its affiliated companies.

Appears in 1 contract

Samples: Employment Agreement (Applied Magnetics Corp)

Obligations of Executive During and After Employment. (a1) Executive agrees that during the term of his employment under this Agreement, he will engage in no other business activities, directly or indirectly, which are or may be competitive with or which might place him in a competing position to that of the Company, or any affiliated company, without the prior written consent of the BoardChief Executive Officer of the Company. (b2) Executive realizes acknowledges and agrees that (i) during the course of his employment he Executive will have produced and/or have access to confidential information, records, notebooks, data, formulae, specifications, trade secrets, customer lists, lists and secret inventions and processes of Company and its affiliated companies, and (ii) the unauthorized use or sale of any of such confidential or proprietary information at any time would constitute unfair competition with Company. Executive promises and agrees not to engage in any unfair competition with Company either during or after the term of this Agreement. Therefore, during and subsequent to his employment by the Company, or by an affiliated company, Executive agrees to hold in confidence and not not, directly or indirectly to disclose or use or indirectly, disclose, use, copy or make lists of any such information, except to the extent expressly authorized by the Company in writing. All records, files, drawings, documents, equipment, and the like, or copies thereof, relating to the Company's business, or the business of an affiliated company, which Executive shall prepare, or use, or come into contact with, shall be and remain the sole property of Company, or of an affiliated company, and shall not be removed (except to allow Executive to perform his responsibilities hereunder while traveling for business purposes or otherwise working away from his office) from the Company's or the affiliated Companycompany's premises without its prior written consent, and shall be promptly returned to the Company upon termination of the Executive's employment with the Company and its affiliated companies. This paragraph 6(b) shall survive the termination or expiration of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Peerless Systems Corp)

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Obligations of Executive During and After Employment. (a) Executive agrees that during the term of his employment by the Company and thereafter so long as he is receiving all or any part of his Base Salary under this Agreement, he will engage in no other business activities, directly or indirectly, which are or may be competitive with or which might place him in a competing position to that of the Company, or any affiliated company, without the written consent of the BoardBoard or the Executive Committee. (b) Executive realizes agrees that, during or subsequent to his employment by the Company, he will not attempt to solicit or induce in any manner any employee or agent of the Company or any affiliated company to terminate such employment or agency with the Company or any affiliated company. (c) Executive acknowledges that during the course of his employment he Executive will have produced and/or have access to confidential information, records, notebooks, data, formulaeformula, specifications, trade secrets, customer lists, lists and secret inventions and processes of the Company and its affiliated companies. , including, without limitation, Bechtel Investments, Inc. Therefore, during and or subsequent to his employment by the Company, or by an affiliated company, Executive agrees to hold in confidence and not directly or indirectly to disclose or use or copy or make lists of any such information, except to the extent authorized by the Company in writing. All records, files, drawings, documents, equipment, and the like, or copies thereof, relating to the Company's business, or the business of an affiliated company, which Executive shall prepare, or use, or come into contact with, shall be and remain the sole property of the Company, or of an affiliated company, and shall not be removed from the Company's or the affiliated Companycompany's premises without its written consent, and shall be promptly returned to the Company upon termination of the Executive's employment with the Company and its affiliated companiesCompany.

Appears in 1 contract

Samples: Employment Agreement (Cost Plus Inc/Ca/)

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