Common use of Obligations of the Employee Clause in Contracts

Obligations of the Employee. The Employee agrees: (a) to hold Bank Information in the strictest confidence; (b) not to use, duplicate, reproduce, distribute, disclose or otherwise disseminate Bank Information or any physical embodiments of Bank Information; and (c) in any event, not to take any action causing or fail to take any action necessary in order to prevent any Bank Information from losing its character or ceasing to qualify as Bank Information or a Trade Secret. In the event that the Employee is required by law to disclose any Bank Information, the Employee will not make such disclosure unless (and then only to the extent that) the Employee has been advised by independent legal counsel that such disclosure is required by law and then only after prior written notice is given to the Bank when the Employee becomes aware that such disclosure has been requested and is required by law. This Section 4 shall survive for a period of twelve (12) months following termination of this Agreement for any reason with respect to Confidential Information, and shall survive termination of this Agreement for any reason for so long as is permitted by applicable law, with respect to Trade Secrets.

Obligations of the Employee. The Employee agrees: agrees (a) to hold Bank Employer Information in the strictest confidence; , and (b) not to use, duplicate, reproduce, distribute, disclose or otherwise disseminate Bank Employer Information or any physical embodiments of Bank Information; and (c) thereof and may in any event, not to no event take any action causing or fail to take any action necessary in order to prevent any Bank Employer Information from losing its character or ceasing to qualify as Bank Confidential Information or a Trade Secret. In the event that the Employee is required by law to disclose any Bank Employer Information, the Employee will not make such disclosure unless (and then only to the extent that) the Employee has been advised by independent legal counsel that such disclosure is required by law and then only after prior written notice is given to the Bank Employer when the Employee becomes aware that such disclosure has been requested and is required by law. This Section 4 5 shall survive for a period of twelve (12) months following termination of this Agreement for any reason with respect to Confidential Information, and shall survive termination of this Agreement for any reason for so long as is permitted by applicable lawthe then-current Trade Secret statute as defined in M.G.L. Ch. 266, with respect to Trade Secrets§ 30(4).