Common use of Protection of Trade Secrets Clause in Contracts

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his employment. “Trade Secret” means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: (i) derives 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 its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 35 contracts

Samples: Employment Agreement (First Community Corp /Sc/), Employment Agreement (First Community Corp /Sc/), Employment Agreement (First Community Corp /Sc/)

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Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his employment. "Trade Secret" means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: (i) derives 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 its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 16 contracts

Samples: Employment Agreement (CommunitySouth Bancshares Inc), Employment Agreement (CommunitySouth Bancshares Inc), Employment Agreement (CommunitySouth Bancshares Inc)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer Company or any Affiliates during or after his employment. “Trade Secret” means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: that (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, by other persons who can obtain economic value from its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 5 contracts

Samples: Employment Agreement (BayFirst Financial Corp.), Employment Agreement (HCSB Financial Corp), Employment Agreement (HCSB Financial Corp)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his her duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his her employment. "Trade Secret" means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: (i) derives 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 its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 5 contracts

Samples: Employment Agreement (Independence Bancshares, Inc.), Employment Agreement (BankGreenville Financial CORP), Employment Agreement (Independence Bancshares, Inc.)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his her duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his her employment. “Trade Secret” means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: (i) derives 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 its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 5 contracts

Samples: Employment Agreement (First Community Corp /Sc/), Employment Agreement (First Community Corp /Sc/), Employment Agreement (BankGreenville Financial CORP)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his her duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer Company or any Affiliates during or after his her employment. “Trade Secret” means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: that (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, by other persons who can obtain economic value from its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 4 contracts

Samples: Employment Agreement (HCSB Financial Corp), Employment Agreement (HCSB Financial Corp), Employment Agreement (HCSB Financial Corp)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his Executive’s duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his Executive’s employment. “Trade Secret” means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: (i) derives 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 its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 2 contracts

Samples: Employment Agreement (Square 1 Financial Inc), Employment Agreement (Square 1 Financial Inc)

Protection of Trade Secrets. The Executive agrees to maintain in strict --------------------------- confidence and, except as necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his employment. "Trade Secret" means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: (i) derives 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 its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 2 contracts

Samples: Employment Agreement (Tidelands Bancshares Inc), Employment Agreement (Tidelands Bancshares Inc)

Protection of Trade Secrets. The Executive agrees to maintain --------------------------- in strict confidence and, except as necessary to perform his or her duties for the EmployerCompany, the Executive agrees not to use or disclose any Trade Secrets of the Employer Company during or after his or her employment. As provided by Delaware statutes, "Trade Secret” means " shall mean any information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data technique or customer list, process that: (i) derives independent 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 its disclosure or use; , and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 1 contract

Samples: Employment Agreement (M2direct Inc)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the EmployerBank, the Executive agrees not to use or disclose any Trade Secrets of the Employer Bank during or after his employment. “Trade Secret” means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: (i) derives 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 its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 1 contract

Samples: Employment Agreement (First National Bancshares Inc /Sc/)

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Protection of Trade Secrets. The Executive agrees to maintain --------------------------- in strict confidence and, except as necessary to perform his or her duties for the EmployerCompany, the Executive agrees not to use or disclose any Trade Secrets of the Employer Company during or after his or her employment. "Trade Secret” means " shall mean any information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data technique or customer list, process that: (i) derives independent 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 its disclosure or use; , and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 1 contract

Samples: Employment Agreement (M2direct Inc)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his employment. "Trade Secret" means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: that (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, by other persons who can obtain economic value from its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 1 contract

Samples: Employment Agreement (Independence Bancshares, Inc.)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his employment. “Trade Secret” means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: (i) derives 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 its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.economic

Appears in 1 contract

Samples: Employment Agreement (First Community Corp /Sc/)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform perfolin his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his employment. "Trade Secret" means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: (i) derives 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 its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 1 contract

Samples: Employment Agreement (Greer Bancshares Inc)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his employment. “Trade Secret” means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: that (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, by other persons who can obtain economic value from its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 1 contract

Samples: Employment Agreement (Independence Bancshares, Inc.)

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