Common use of Recognition of Nucor’s Legitimate Interests Clause in Contracts

Recognition of Nucor’s Legitimate Interests. Executive understands and acknowledges that Nucor and its affiliates compete in North America in the research, manufacture, marketing, sale and distribution of steel and steel products, including but not limited to flat-rolled steel, steel shapes, structural steel, light gauge steel framing, steel plate, steel joists and girders, steel deck, steel fasteners, metal building systems, fabricated concrete reinforcing steel, cold finished steel, steel grating, wire and wire mesh. As part of Executive’s employment with Nucor, Executive acknowledges he will have access to and gain knowledge of significant secret, confidential and proprietary information of the full range of operations of Nucor, its subsidiaries and affiliates. In addition, Executive will have access to training opportunities, contact with customers and prospective customers of Nucor, it subsidiaries and affiliates, in which capacity he is expected to develop good relationships with such customers, and will gain intimate knowledge regarding the products and services of Nucor, its subsidiaries and affiliates. Executive recognizes and agrees that Nucor and its subsidiaries and affiliates have spent and will continue to spend substantial effort, time and money in developing relationships with their customers, that many customers are long term customers of Nucor, and that all customers and accounts that Executive may deal with during his employment with Nucor, including any customers and accounts acquired for Nucor by Executive, are the customers and accounts of Nucor. Executive acknowledges that Nucor’s competitors would obtain an unfair advantage if Executive disclosed Nucor’s Secret Information or Confidential Information as defined in Sections 8 and 9 to a competitor, used it on a competitor’s behalf, or if he were able to exploit the relationships he develops as an employee of Nucor to solicit business on behalf of a competitor.

Appears in 2 contracts

Samples: Executive Employment Agreement (Nucor Corp), Executive Employment Agreement (Nucor Corp)

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Recognition of Nucor’s Legitimate Interests. Executive understands and acknowledges that Nucor and its affiliates compete competes in North America and throughout the world in the research, manufacture, fabrication, marketing, sale and sale, distribution and/or placement of steel and or steel products, products (including but not limited to flat-rolled steel, steel shapes, structural steel, light gauge steel framing, steel plate, steel joists and girders, steel deck, steel fasteners, metal building systems, fabricated concrete reinforcing steelwire rod, welded-wire reinforcement rolls and sheets, cold finished steelsteel bars and wire, special quality bar products, guard rail, fabricated concrete reinforcement bars, and structural welded-wire reinforcement) or steel gratingor steel product inputs (including but not limited to scrap metal and direct reduced iron ) (all such activities, wire and wire meshcollectively, the “Business”). As part of Executive’s employment with Nucor, Executive acknowledges he will continue to have access to and gain knowledge of significant secret, confidential and proprietary information of the full range of operations of Nucor, its subsidiaries and affiliates. In addition, Executive will continue to have access to training opportunities, contact with vendors, customers and prospective vendors and customers of Nucor, it subsidiaries and affiliates, in which capacity he is expected to develop good relationships with such vendors, customers and prospective vendors and customers, and will gain intimate knowledge regarding the products and services of Nucor, its subsidiaries and affiliates. Executive recognizes and agrees that Nucor and its subsidiaries and affiliates have has spent and will continue to spend substantial effort, time and money in developing relationships with their its vendors and customers, that many such vendors and customers are have long term customers of relationships with Nucor, and that all vendors, customers and accounts that Executive may deal with during his employment with Nucor, including any customers and accounts acquired for Nucor by Executive, are the vendors, customers and accounts of Nucor. Executive acknowledges that Nucor’s competitors would obtain an unfair advantage if Executive disclosed Nucor’s Secret Information or Confidential Information (as defined in Sections 8 and 9 9, respectively) to a competitor, used it on a competitor’s behalf, or if he were able to exploit the relationships he develops as an employee of Nucor to solicit business on behalf of a competitor.

Appears in 1 contract

Samples: Executive Employment Agreement (Nucor Corp)

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Recognition of Nucor’s Legitimate Interests. Executive understands and acknowledges that Nucor and its affiliates compete competes in North America and throughout the world in the research, manufacture, marketing, sale and and/or distribution of steel and or steel products, products (including but not limited to flat-rolled steel, steel shapes, structural steel, light gauge steel framing, steel plate, steel joists and girders, steel deck, steel fasteners, metal building systems, fabricated concrete reinforcing steelwire rod, welded-wire reinforcement rolls and sheets, cold finished steelsteel bars and wire, guard rail, fabricated concrete reinforcement bars, and structural welded-wire reinforcement) or steel gratingor steel product inputs (including but not limited to scrap metal and direct reduced iron ) (all such activities, wire and wire meshcollectively, the “Business”). As part of Executive’s employment with Nucor, Executive acknowledges he will continue to have access to and gain knowledge of significant secret, confidential and proprietary information of the full range of operations of Nucor, its subsidiaries and affiliates. In addition, Executive will continue to have access to training opportunities, contact with vendors, customers and prospective vendors and customers of Nucor, it subsidiaries and affiliates, in which capacity he is expected to develop good relationships with such vendors, customers and prospective vendors and customers, and will gain intimate knowledge regarding the products and services of Nucor, its subsidiaries and affiliates. Executive recognizes and agrees that Nucor and its subsidiaries and affiliates have has spent and will continue to spend substantial effort, time and money in developing relationships with their its vendors and customers, that many such vendors and customers are have long term customers of relationships with Nucor, and that all vendors, customers and accounts that Executive may deal with during his employment with Nucor, including any customers and accounts acquired for Nucor by Executive, are the vendors, customers and accounts of Nucor. Executive acknowledges that Nucor’s competitors would obtain an unfair advantage if Executive disclosed Nucor’s Secret Information or Confidential Information as defined in Sections 8 and 9 to a competitor, used it on a competitor’s behalf, or if he were able to exploit the relationships he develops as an employee of Nucor to solicit business on behalf of a competitor.

Appears in 1 contract

Samples: Executive Employment Agreement (Nucor Corp)

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