Common use of Requirement to Disclose Clause in Contracts

Requirement to Disclose. In the event the Employee is required by any court or legislative or administrative body (by oral questions, interrogatories, requests for information or documents, subpoena, civil investigation demand or similar process) to disclose any Proprietary Information, the Employee shall provide the Company with prompt notice of such requirement in order to afford the Company an opportunity to seek an appropriate protective order. However, if the Company is unable to obtain or does not seek such protective order and the Employee is, in the opinion of his or her counsel, compelled to disclose such Proprietary Information under pain of liability for contempt or other censure or penalty, disclosure of such information may be made without liability.

Appears in 3 contracts

Samples: Non Solicitation and Severance Agreement (CIFC Corp.), And Severance Agreement (CIFC Corp.), Non Solicitation and Severance Agreement (CIFC Deerfield Corp.)

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Requirement to Disclose. In the event the Employee is required by any court or legislative or administrative body (by oral questions, interrogatories, requests for information or documents, subpoena, civil investigation demand or similar process) to disclose any Proprietary Information, the Employee shall provide the Company with prompt notice of such requirement in order to afford the Company an opportunity to seek an appropriate protective order. However, if the Company is unable to obtain or does not seek such protective order and the Employee is, in the opinion of his or her counsel, compelled to disclose such Proprietary Information under pain of liability for contempt or other censure or penalty, disclosure of such information may be made without liability.

Appears in 2 contracts

Samples: Non Disclosure, Non (CIFC Corp.), And Severance Agreement (CIFC Corp.)

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