Common use of Obligations Regarding Confidential, Proprietary, and Trade Secret Information Clause in Contracts

Obligations Regarding Confidential, Proprietary, and Trade Secret Information. I acknowledge and agree that during my employment with the Company I had access to confidential, proprietary and trade secret information about the Company, its employees, customers and clients, which derives economic value from not being otherwise known to the general public (hereafter “Confidential Information and Trade Secrets”). Confidential Information and Trade Secrets provide a competitive advantage to the Company specifically because it would be valuable to a competitive entity if disclosed. Confidential Information and Trade Secrets includes, but is not limited to, the identities, incomes, net worths, accounts, financial portfolios, contact information, personal and familial relationships, investments and/or other non-public information relating to the Company’s existing and prospective clients and customers, the salaries, specific duties, and other non-public information relating to the Company’s employees, and the Company’s business plans, strategies, products, pricing, computer programs, systems, databases, methods of operation, financial models, investments and other business transactions, policies and procedures. I understand that the Company has obligations to protect the confidentiality of this information and that such obligations extend to me, both during and after my employment with the Company ends for any reason. I acknowledge and agree that the improper use or disclosure of the Company’s Confidential Information and Trade Secrets would cause immediate and irreparable damage to the Company’s business. For this reason, I acknowledge and agree that (i) I shall not directly or indirectly, alone or in concert with or on behalf of others, use, publish or otherwise disclose any aspect of the Company’s Confidential Information and Trade Secrets to any person or entity outside the Company except pursuant to formal legal process or unless I first obtain the written approval of an authorized Company representative (if I am served with legal process involving the Company, I agree to notify immediately an appropriate representative of the Company’s Legal Department); (ii) I shall deliver immediately at the Company’s request and to the custody of whatever person the Company shall designate all originals and copies of any documents or other material in my possession, custody, or control containing or embodying Confidential Information and Trade Secrets, and any derivatives, summaries and excerpts created therefrom, in any form whatsoever, including but not limited to hard copy documents and information housed in or on Company-owned electronic devices or equipment, or devices or equipment owned by me or to which I have access; and (iii) I shall not otherwise utilize any of the Company’s Confidential Information and Trade Secrets to interfere with any relationship between the Company and any of the Company’s clients, prospective clients, or employees. To the extent that I am unaware or unsure of whether certain information constitutes Confidential Information and Trade Secrets, I agree to consult with an authorized senior management representative of the Company before utilizing the information.

Appears in 2 contracts

Samples: General Release and Separation Agreement (Bank of America Corp /De/), General Release and Separation Agreement (Bank of America Corp /De/)

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Obligations Regarding Confidential, Proprietary, and Trade Secret Information. I You acknowledge and agree that during my your employment with the Company I you had access to confidential, proprietary and trade secret information about the Company, its employees, customers and clients, which derives economic value from not being otherwise known to the general public (hereafter “Confidential Information and Trade Secrets”). Confidential Information and Trade Secrets provide a competitive advantage to the Company specifically because it would be valuable to a competitive entity if disclosed. Confidential Information and Trade Secrets includes, but is not limited to, the identities, incomes, net worths, accounts, financial portfolios, contact information, personal and familial relationships, investments and/or other non-public information relating to the Company’s existing and prospective clients and customers, the salaries, specific duties, and other non-public information relating to the Company’s employees, and the Company’s business plans, strategies, products, pricing, computer programs, systems, databases, methods of operation, financial models, investments and other business transactions, policies and procedures. I You understand that the Company has obligations to protect the confidentiality of this information and that such obligations extend to meyou, both during and after my your employment with the Company ends for any reason. I You acknowledge and agree that the improper use or disclosure of the Company’s Confidential Information and Trade Secrets would cause immediate and irreparable damage to the Company’s business. For this reasonSubject to Section 4, I you acknowledge and agree that that: (i) I you shall not directly or indirectly, alone or in concert with or on behalf of others, use, publish or otherwise disclose any aspect of the Company’s Confidential Information and Trade Secrets to any person or entity outside the Company except as required by the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, or any other disclosures that are protected under the whistleblower provisions of federal law or regulation; pursuant to formal legal process or unless I you first obtain the written approval of an authorized Company representative (if I am you are served with legal process involving the Company, I you agree to notify immediately an appropriate representative of the Company’s Legal Department); (ii) I you shall deliver immediately at the Company’s request and to the custody of whatever person the Company shall designate all originals and copies of any documents or other material in my your possession, custody, or control containing or embodying Confidential Information and Trade Secrets, and any derivatives, summaries and excerpts created therefrom, in any form whatsoever, including but not limited to hard copy documents and information housed in or on Company-owned electronic devices or equipment, or devices or equipment owned by me you or to which I you have access; and (iii) I you shall not otherwise utilize any of the Company’s Confidential Information and Trade Secrets to interfere with any relationship between the Company and any of the Company’s clients, prospective clients, or employees. To the extent that I am you are unaware or unsure of whether certain information constitutes Confidential Information and Trade Secrets, I you agree to consult with an authorized senior management representative of the Company before utilizing the information.

Appears in 1 contract

Samples: General Release and Separation Agreement (American Eagle Outfitters Inc)

Obligations Regarding Confidential, Proprietary, and Trade Secret Information. I acknowledge Employee acknowledges and agree agrees that during my Employee’s employment with the Company I Bank, Employee had access to confidential, proprietary and trade secret information about the CompanyBank, its employees, customers and clients, which derives economic value from not being otherwise known to the general public (hereafter “Confidential Information and Trade Secrets”). Confidential Information and Trade Secrets provide a competitive advantage to the Company Bank specifically because it would be valuable to a competitive entity if disclosed. Confidential Information and Trade Secrets includes, but is not limited to, the identities, incomes, net worthsworth, accounts, financial portfolios, contact information, personal and familial family relationships, investments investments, and/or other non-public information relating to the CompanyBank’s existing and prospective clients and customers, the salaries, specific duties, and other non-public information relating to the CompanyBank’s employees, and the CompanyBank’s business plans, strategies, products, pricing, computer programs, computer software, source codes, systems, databases, methods of operation, financial models, investments investments, and other business transactions, policies policies, and procedures. I understand Employee understands that the Company Bank has obligations to protect the confidentiality of this information and that such obligations extend to me, both during and after my employment with the Company ends for any reasonBank. I acknowledge Employee acknowledges and agree agrees that the improper use or disclosure of the CompanyBank’s Confidential Information and Trade Secrets would cause immediate and irreparable damage to the CompanyBank’s business. For this reason, I acknowledge Employee acknowledges and agree agrees that (ia) I Employee shall not directly or indirectly, alone or in concert with or on behalf of others, use, publish publish, or otherwise disclose any aspect of the CompanyBank’s Confidential Information and Trade Secrets to any person or entity outside of the Company Bank except pursuant to formal legal process or unless I Employee first obtain obtains the written approval of an authorized Company representative (if I am the Bank representative. If Employee is served with legal process involving the CompanyBank, I agree Employee agrees to notify immediately an appropriate representative of the CompanyBank’s Legal Human Resources Department); (iib) I Employee shall deliver immediately at the CompanyBank’s request and to the custody of whatever person the Company Bank shall designate all originals and copies of any documents or other material in my Employee possession, custody, or control containing or embodying Confidential Information and Trade Secrets, and any derivatives, summaries and excerpts created therefrom, in any form whatsoever, including but not limited to hard copy documents and information housed in or on Company-the Bank owned electronic devices or equipment, or devices or equipment owned by me Employee or to which I have Employee has access, or any third party or cloud storage utilized by Employee or on Employee’s behalf; and (iiic) I Employee shall not otherwise utilize any of the CompanyBank’s Confidential Information and Trade Secrets to interfere with any relationship between the Company Bank and any of the CompanyBank’s clients, prospective clients, or employees. To the extent that I am Employee is unaware or unsure of whether certain information constitutes Confidential Information and Trade Secrets, I agree Employee agrees to consult with an authorized senior management representative of the Company Bank before utilizing the information.

Appears in 1 contract

Samples: Transition Agreement (Seacoast Banking Corp of Florida)

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Obligations Regarding Confidential, Proprietary, and Trade Secret Information. I acknowledge and agree that during my employment with the Company I had access to confidential, proprietary and trade secret information about the Company, its employees, customers and clientsvendors, which derives economic value from not being otherwise known to the general public (hereafter “Confidential Information and Trade Secrets”). Confidential Information and Trade Secrets provide a competitive advantage to the Company specifically because it would be valuable to a competitive entity if disclosed. Confidential Information and Trade Secrets includes, but is not limited to, the identities, incomes, net worths, accounts, financial portfolios, contact information, personal and familial relationships, investments and/or other non-public information relating to the Company’s existing and prospective clients and customers, the salaries, specific duties, and other non-public information relating to the Company’s employees, and the Company’s business plans, strategies, products, pricing, computer programs, systems, databases, methods of operation, financial models, investments and other business transactions, policies and procedures. I understand that the Company has obligations to protect the confidentiality of this information and that such obligations extend to me, both during and after my employment with the Company ends for any reason. I acknowledge and agree that the improper use or disclosure of the Company’s Confidential Information and Trade Secrets would cause immediate and irreparable damage to the Company’s business. For this reason, I acknowledge and agree that (ia) I shall not directly or indirectly, alone or in concert with or on behalf of others, use, publish or otherwise disclose any aspect of the Company’s Confidential Information and Trade Secrets to any person or entity outside the Company except pursuant to formal legal process or unless I first obtain the written approval of an authorized Company representative (if I am served with legal process involving the Company, I agree to notify immediately an appropriate representative of the Company’s Legal Department); (iib) I shall deliver immediately at the Company’s request and to the custody of whatever person the Company shall designate all originals and copies of any documents or other material in my possession, custody, or control containing or embodying Confidential Information and Trade Secrets, and any derivatives, summaries and excerpts created therefrom, in any form whatsoever, including but not limited to hard copy documents and information housed in or on Company-owned electronic devices or equipment, or devices or equipment owned by me or to which I have access; and (iiic) I shall not otherwise utilize any of the Company’s Confidential Information and Trade Secrets to interfere with any relationship between the Company and any of the Company’s clientsvendors, prospective clientsvendors, or employees. To the extent that I am unaware or unsure of whether certain information constitutes Confidential Information and Trade Secrets, I agree to consult with an authorized senior management representative of the Company before utilizing the information.

Appears in 1 contract

Samples: General Release and Separation Agreement (American Eagle Outfitters Inc)

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