Common use of Restriction on Disclosure and Use of Confidential Information Clause in Contracts

Restriction on Disclosure and Use of Confidential Information. Executive understands and agrees that the Confidential Information constitutes a valuable asset of the Company and the Parent, and may not be converted to Executive's own use. Accordingly, Executive hereby agrees that Executive shall not, directly or indirectly, at any time during the Restricted Period reveal, divulge or disclose to any Person not expressly authorized by the Company or the Parent any Confidential Information, and Executive shall not, directly or indirectly, at any time during the Restricted Period use or make use of any Confidential Information in connection with any business activity other than that of the Company, the Parent or a Related Entity and, upon request by the Company or the Parent, shall return all copies of any Confidential Information then in the Executive's possession as of the date of termination of his employment. The parties acknowledge and agree that this Agreement is not intended to be, and does not, alter either the Company's rights or the Executive's obligations under any state or federal statutory or common law regarding trade secrets and unfair trade practices.

Restriction on Disclosure and Use of Confidential Information. Executive understands and agrees that the Confidential Information constitutes a valuable asset of the Company and the Parent, and may not be converted to Executive's ’s own use. Accordingly, Executive hereby agrees that Executive shall not, directly or indirectly, at any time during the Restricted Period reveal, divulge or disclose to any Person not expressly authorized by the Company or the Parent any Confidential Information, and Executive shall not, directly or indirectly, at any time during the Restricted Period use or make use of any Confidential Information in connection with any business activity other than that of the Company, the Parent or a Related Entity and, upon request by the Company or the Parent, shall return all copies of any Confidential Information then in the Executive's ’s possession as of the date of termination of his employment. The parties acknowledge and agree that this Agreement is not intended to be, and does not, alter either the Company's ’s rights or the Executive's ’s obligations under any state or federal statutory or common law regarding trade secrets and unfair trade practices.