Common use of Protection and Use of Confidential Information Clause in Contracts

Protection and Use of Confidential Information. Each Senior Officer severally acknowledges and agrees that, in the course of the performance of his duties for the Company he has come into the possession of and will continue to come into possession of confidential information which is valuable to the Company by virtue of the fact that such information is not generally known to the public or to the Company's competitors ("CONFIDENTIAL INFORMATION"). The Confidential Information includes, but is not limited to, trade secrets, business records, vendor lists, dealer lists, information concerning financing sources, information concerning employees, information concerning the Company's products and services, technical data, know how, specifications, processes, computations, development work, business plans, financial projections and other internal financial information, pricing information, information concerning the Company's sales and marketing programs, training materials and computer programs and routines. Each Senior Officer severally agrees that (i) he will not, at any time either during or after his employment with the Company, in any manner, either directly or indirectly divulge, disclose or communicate any Confidential Information to any person, firm or corporation or any other business entity, (ii) he will not use any Confidential Information for his own benefit or for any other purpose other than for the exclusive benefit of the Company and its subsidiaries, (iii) all Confidential Information is and shall remain the exclusive property of the Company, (iv) upon the termination of his employment with the Company, he will not, without the prior written approval of the Company, keep or remove any books, drawings, documents, records or other written or printed, photographic, encarded, taped, electrostatically or electromagnetically encoded data or information of whatever nature of the Company, and shall immediately return all such material and other Company property in his possession to the Company; provided, however, that foregoing shall not prohibit any Senior Officer from disclosing Confidential Information (i) to the extent such Senior Officer reasonably believes in good faith that the disclosure of such Confidential Information is in the best interests of the Company or otherwise necessary or appropriate to the effective and efficient discharge of such Senior Officer's duties to the Company or (ii) to the extent such disclosure is required under applicable law or pursuant to the order of a court or other governmental agency.

Appears in 1 contract

Samples: Investor Rights Agreement (Levine Leichtman Capital Partners Ii Lp)

AutoNDA by SimpleDocs

Protection and Use of Confidential Information. Each Senior Officer Xxxxxxx severally acknowledges and agrees that, in the course of the performance of his duties for the Company Company, he has or will come into the possession of and will continue to come into possession of confidential information which is valuable to the Company by virtue of the fact that such information is not generally known to the public or to the Company's competitors ("CONFIDENTIAL INFORMATIONConfidential Information"). The Confidential Information includes, but is not limited to, trade secrets, business records, vendor lists, dealer lists, information concerning financing sources, information concerning employees, information concerning the Company's products and services, technical data, know how, specifications, processes, computations, development work, business plans, financial projections and other internal financial information, pricing information, information concerning the Company's sales and marketing programs, training materials and computer programs and routines. Each Senior Officer Xxxxxxx severally agrees that (i) he will not, at any time either during or after his employment with the Company, in any manner, either directly or indirectly divulge, disclose or communicate any Confidential Information to any person, firm or corporation or any other business entityPerson, (ii) he will not use any Confidential Information for his own benefit or for any other purpose other than for the exclusive benefit of the Company and its subsidiariesSubsidiaries, (iii) all Confidential Information is and shall remain the exclusive property of the Company, (iv) upon the termination of his employment with the Company, he will not, without the prior written approval of the Company, keep or remove any books, drawings, documents, records or other written or printed, photographic, encarded, taped, electrostatically or electromagnetically encoded data or information of whatever nature of the Company, and shall immediately return all such material and other Company property in his possession to the Company; provided, however, that the foregoing shall not prohibit any Senior Officer Xxxxxxx from disclosing Confidential Information (i) to the extent such Senior Officer Xxxxxxx reasonably believes in good faith that the disclosure of such Confidential Information is in the best interests of the Company or otherwise necessary or appropriate to the effective and efficient discharge of such Senior Officer's Xxxxxxx'x duties to the Company or (ii) to the extent such disclosure is required under applicable law Applicable Laws or pursuant to the order of a court or other governmental agency.

Appears in 1 contract

Samples: Investor Rights Agreement (Levine Leichtman Capital Partners Ii Lp)

Protection and Use of Confidential Information. Each Senior Officer severally Xxxxxxx acknowledges and agrees that, in the course of the performance of his duties for the Company Company, he has or will come into the possession of and will continue to come into possession of confidential information which is valuable to the Company by virtue of the fact that such information is not generally known to the public or to the Company's ’s competitors ("CONFIDENTIAL INFORMATION"“Confidential Information”). The Confidential Information includes, but is not limited to, trade secrets, business records, vendor lists, dealer lists, information concerning financing sources, information concerning employees, information concerning the Company's ’s products and services, technical data, know how, specifications, processes, computations, development work, business plans, financial projections and other internal financial information, pricing information, information concerning the Company's ’s sales and marketing programs, training materials and computer programs and routines. Each Senior Officer severally Xxxxxxx agrees that (i) he will not, at any time either during or after his employment with the Company, in any manner, either directly or indirectly divulge, disclose or communicate any Confidential Information to any person, firm or corporation or any other business entityPerson, (ii) he will not use any Confidential Information for his own benefit or for any other purpose other than for the exclusive benefit of the Company and its subsidiariesSubsidiaries, (iii) all Confidential Information is and shall remain the exclusive property of the Company, (iv) upon the termination of his employment with the Company, he will not, without the prior written approval of the Company, keep or remove any books, drawings, documents, records or other written or printed, photographic, encarded, taped, electrostatically or electromagnetically encoded data or information of whatever nature of the Company, and shall immediately return all such material and other Company property in his possession to the Company; provided, however, that the foregoing shall not prohibit any Senior Officer Xxxxxxx from disclosing Confidential Information (i) to the extent such Senior Officer Xxxxxxx reasonably believes in good faith that the disclosure of such Confidential Information is in the best interests of the Company or otherwise necessary or appropriate to the effective and efficient discharge of such Senior Officer's Xxxxxxx’x duties to the Company or (ii) to the extent such disclosure is required under applicable law Applicable Laws or pursuant to the order of a court or other governmental agency.

Appears in 1 contract

Samples: Investor Rights Agreement (Levine Leichtman Capital Partners IV, L.P.)

AutoNDA by SimpleDocs

Protection and Use of Confidential Information. Each Senior Officer Xxxxxxx severally acknowledges and agrees that, in the course of the performance of his duties for the Company Company, he has or will come into the possession of and will continue to come into possession of confidential information which is valuable to the Company by virtue of the fact that such information is not generally known to the public or to the Company's ’s competitors ("CONFIDENTIAL INFORMATION"“Confidential Information”). The Confidential Information includes, but is not limited to, trade secrets, business records, vendor lists, dealer lists, information concerning financing sources, information concerning employees, information concerning the Company's ’s products and services, technical data, know how, specifications, processes, computations, development work, business plans, financial projections and other internal financial information, pricing information, information concerning the Company's ’s sales and marketing programs, training materials and computer programs and routines. Each Senior Officer Xxxxxxx severally agrees that (i) he will not, at any time either during or after his employment with the Company, in any manner, either directly or indirectly divulge, disclose or communicate any Confidential Information to any person, firm or corporation or any other business entityPerson, (ii) he will not use any Confidential Information for his own benefit or for any other purpose other than for the exclusive benefit of the Company and its subsidiariesSubsidiaries, (iii) all Confidential Information is and shall remain the exclusive property of the Company, (iv) upon the termination of his employment with the Company, he will not, without the prior written approval of the Company, keep or remove any books, drawings, documents, records or other written or printed, photographic, encarded, taped, electrostatically or electromagnetically encoded data or information of whatever nature of the Company, and shall immediately return all such material and other Company property in his possession to the Company; provided, however, that the foregoing shall not prohibit any Senior Officer Xxxxxxx from disclosing Confidential Information (i) to the extent such Senior Officer Xxxxxxx reasonably believes in good faith that the disclosure of such Confidential Information is in the best interests of the Company or otherwise necessary or appropriate to the effective and efficient discharge of such Senior Officer's Xxxxxxx’x duties to the Company or (ii) to the extent such disclosure is required under applicable law Applicable Laws or pursuant to the order of a court or other governmental agency.

Appears in 1 contract

Samples: Investor Rights Agreement (Levine Leichtman Capital Partners Ii Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!