Common use of PRESERVATION OF TRADE SECRETS Clause in Contracts

PRESERVATION OF TRADE SECRETS. Upon the termination of the Executive's employment relationship with the Company the Executive shall not, directly or indirectly, use or disclose any trade secret, as that term is defined by Florida Statute Section 688.002, of the Company or allow any such trade secret to be disclosed to or used by any person or entity, for any reason or purpose whatsoever. In addition, the Executive will not accept any employment or other business relationship which would, by the nature of the position, involve the inevitable disclosure of any trade secret. This Non-Disclosure of Trade Secrets provision is expressly intended to benefit the Company and the Third Party Beneficiaries and the Company and the Third Party Beneficiaries are expressly authorized to enforce this provision.

PRESERVATION OF TRADE SECRETS. Upon During the Term, and upon the expiration or termination of this Agreement, the Executive's employment relationship with the Company the Executive Employee shall not, directly or indirectly, use or disclose any “trade secret, ” (as that term is defined by Florida Statute Section 688.002§688.002 (2006), as amended) of the Company or its Affiliates, or allow any such trade secret to be disclosed to or used by any person or entity, for any reason or purpose whatsoever, except as expressly authorized, in writing, by Bovie’s Chief Executive Officer or Chief Operating Officer. In addition, the Executive Employee will not accept any employment or other business relationship which would, by the nature of the position, involve the inevitable disclosure of any such trade secret. This Non-Disclosure of Trade Secrets provision is expressly intended to benefit the Company and the Third Party Beneficiaries Beneficiaries, and the Company and the Third Party Beneficiaries are expressly authorized to enforce this provision.