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Common use of Protection of Trade Secrets and Confidential Information Clause in Contracts

Protection of Trade Secrets and Confidential Information. (a) Through exercise of Employee’s rights and performance of Employee’s obligations under this Agreement, Employee will be exposed to “Trade Secrets” and “Confidential Information” (as those terms are defined below). “Trade Secrets” shall mean information or data of or about Employer or any Affiliates (as defined in subsection 26(a)), including, but not limited to, technical or non-technical data, formulas, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, financial plans, product plans, or lists of actual or potential customers, clients, distributors, or licensees, that: (i) derive economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from their disclosure or use; and (ii) are the subject of efforts that are reasonable under the circumstances to maintain their secrecy. To the extent that the foregoing definition is inconsistent with the definition of “trade secret” mandated under applicable law, the latter definition shall govern for purposes of interpreting Employee’s obligations under this Agreement. Except as required to perform Employee’s obligations under this Agreement, or except with Employer’s prior written permission, Employee shall not use, redistribute, market, publish, disclose or divulge to any other person or entity any Trade Secrets of Employer. Employee’s obligations under this provision shall remain in force (during and after the Term) for so long as such information or data shall continue to constitute a Trade Secret under applicable law. Employee agrees to cooperate with any and all confidentiality requirements of Employer, and Employee shall immediately notify Employer of any unauthorized disclosure or use of any Trade Secrets of which Employee becomes aware.

Appears in 12 contracts

Samples: Employment Agreement (Southern First Bancshares Inc), Employment Agreement (Southern First Bancshares Inc), Employment Agreement (Southern First Bancshares Inc)

Protection of Trade Secrets and Confidential Information. (a) a. Through exercise of Employee’s his rights and performance of Employee’s his obligations under this Agreement, Employee Executive will be exposed to “Trade Secrets” and “Confidential Business Information” (as those terms are defined below). “Trade Secrets” shall mean information or data of or about Employer the Company or any Affiliates (as defined in subsection 26(a))affiliated entity, including, but not limited to, technical or non-technical nontechnical data, formulas, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, financial plans, product products plans, or lists of actual or potential customers, clients, distributors, or licensees, that: (i) derive economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from their disclosure or use; and (ii) are the subject of efforts that are reasonable under the circumstances to maintain their secrecy. To the extent that the foregoing definition is inconsistent with the a broader definition of “trade secret” mandated under applicable law, the latter definition shall govern for purposes of interpreting EmployeeExecutive’s obligations under this Agreement. Except as required to perform Employee’s his obligations under this Agreement, Agreement or except with EmployerCompany’s prior written permission, Employee Executive shall not use, redistribute, market, publish, disclose or divulge to any other person or entity any Trade Secrets of Employerthe Company. EmployeeThe Executive’s obligations under this provision shall remain in force (during and or after the Term) for so long as such information or data shall continue to constitute a Trade Secret “trade secret” under applicable law. Employee Executive agrees to cooperate with any and all confidentiality requirements of Employer, the Company and Employee Executive shall immediately notify Employer the Company of any unauthorized disclosure or use of any Trade Secrets of which Employee Executive becomes aware.

Appears in 4 contracts

Samples: Employment Agreement (Benefitfocus,Inc.), Employment Agreement (Benefitfocus,Inc.), Employment Agreement (Benefitfocus,Inc.)

Protection of Trade Secrets and Confidential Information. (a) a. Through exercise of Employee’s his rights and performance of Employee’s his obligations under this Agreement, Employee Executive will be exposed to "Trade Secrets" and "Confidential Information" (as those terms are defined below). "Trade Secrets" shall mean information or data or of or about Employer the Company or any Affiliates (as defined in subsection 26(a))affiliated entity, including, but not limited to, technical or non-technical nontechnical data, formulas, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, financial plans, product products plans, or lists of actual or potential customers, clients, distributors, or licensees, that: (i) derive economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from their disclosure or use; and (ii) are the subject of efforts that are reasonable under the circumstances to maintain their secrecy. To the extent that the foregoing definition is inconsistent with the a definition of "trade secret" mandated under applicable law, the latter definition shall govern for purposes of interpreting Employee’s Executive's obligations under this Agreement. Except as required to perform Employee’s his obligations under this Agreement, Agreement or except with Employer’s Company's prior written permission, Employee Executive shall not use, redistribute, market, publish, disclose or divulge to any other person or entity any Trade Secrets of Employerthe Company. Employee’s The Executive's obligations under this provision shall remain in force (during and after the Term) for so long as such information or data shall continue to constitute a Trade Secret "trade secret" under applicable law. Employee Executive agrees to cooperate with any and all confidentiality requirements of Employer, the Company and Employee Executive shall immediately notify Employer the Company of any unauthorized disclosure or use of any Trade Secrets of which Employee Executive becomes aware.

Appears in 4 contracts

Samples: Employment Agreement (Netzee Inc), Employment Agreement (Netzee Inc), Employment Agreement (Netzee Inc)

Protection of Trade Secrets and Confidential Information. (a) a. Through exercise of Employee’s his rights and performance of Employee’s his obligations under this Agreement, Employee Executive will be exposed to "Trade Secrets" and "Confidential Information" (as those terms are defined below). "Trade Secrets" shall mean information or data of or about Employer the Company or any Affiliates (as defined in subsection 26(a))affiliated entity, including, but not limited to, technical or non-technical nontechnical data, formulas, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, financial plans, product products plans, or lists of actual or potential customers, clients, distributors, or licensees, that: (i) derive economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from their disclosure or use; and (ii) are the subject of efforts that are reasonable under the circumstances to maintain their secrecy. To the extent that the foregoing definition is inconsistent with the a definition of "trade secret" mandated under applicable law, the latter definition shall govern for purposes of interpreting Employee’s Executive's obligations under this Agreement. Except as required to perform Employee’s his obligations under this Agreement, Agreement or except with Employer’s Company's prior written permission, Employee Executive shall not use, redistribute, market, publish, disclose or divulge to any other person or entity any Trade Secrets of Employerthe Company. Employee’s The Executive's obligations under this provision shall remain in force (during and or after the Term) for so long as such information or data shall continue to constitute a Trade Secret "trade secret" under applicable law. Employee Executive agrees to cooperate with any and all confidentiality requirements of Employer, the Company and Employee Executive shall immediately notify Employer the Company of any unauthorized disclosure or use of any Trade Secrets of which Employee Executive becomes aware.

Appears in 2 contracts

Samples: Employment Agreement (Intercept Group Inc), Employment Agreement (Intercept Group Inc)

Protection of Trade Secrets and Confidential Information. (a) Through exercise of Employee’s rights and performance of Employee’s obligations under this Agreement, Employee will be exposed to “Trade Secretsand “Confidential Information(as those terms are defined below). “Trade Secretsshall mean information or data of or about Employer or any Affiliates (as defined in subsection 26(a)), including, but not limited to, technical or non-technical data, formulas, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, financial plans, product plans, or lists of actual or potential customers, clients, distributors, or licensees, that: (i) derive economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from their disclosure or use; and (ii) are the subject of efforts that are reasonable under the circumstances to maintain their secrecy. To the extent that the foregoing definition is inconsistent with the definition of “trade secretmandated under applicable law, the latter definition shall govern for purposes of interpreting Employee’s obligations under this Agreement. Except as required to perform Employee’s obligations under this Agreement, or except with Employer’s prior written permission, Employee shall not use, redistribute, market, publish, disclose or divulge to any other person or entity any Trade Secrets of Employer. Employee’s obligations under this provision shall remain in force (during and after the Term) for so long as such information or data shall continue to constitute a Trade Secret under applicable law. Employee agrees to cooperate with any and all confidentiality requirements of Employer, and Employee shall immediately notify Employer of any unauthorized disclosure or use of any Trade Secrets of which Employee becomes aware.

Appears in 1 contract

Samples: Employment Agreement (Southern First Bancshares Inc)