Common use of Secrecy and Nondisclosure Clause in Contracts

Secrecy and Nondisclosure. 7.1 The Employee shall treat as secret and confidential all of the processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information which are not of public knowledge or record pertaining to the Company’s Business (existing, potential and future), including without limitation, all business information relating to customers, suppliers and products of which the Employee becomes aware during and as a result of his employment or association with the Company, and Employee shall not disclose, use, publish, or in any other manner reveal, directly or indirectly, at any time during or after the term of this Agreement, any such processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information pertaining to the Company’s existing or future Business or products. 7.2 Upon the termination of this Agreement the Employee hereby undertakes to return to the Company, all written materials, records, documents, computer software and/or hardware or any other material which belongs to the Company and that might be in his possession, and if requested by the Company to do so, will execute a written statement confirming compliance with the above said. 7.3 The Employee acknowledges that all of the secrets, information, or documents aforementioned in Sub-Sections 7.1 and 7.2 above, are essential commercial and proprietary information of the Company which is not public information and cannot easily be discovered by others, whose confidentiality provides the Company a commercial advantage over its competitors, and the Company is taking reasonable measures to safeguard its confidentiality. 7.4 The Employee’s undertakings pursuant to this Section 7 shall remain in force after the termination of Employee’s employment under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Alma Lasers Ltd.), Employment Agreement (Alma Lasers Ltd.)

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Secrecy and Nondisclosure. 7.1 The Employee shall treat as secret and confidential all of the processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information which are not of public knowledge or record pertaining to the Company’s Business (existing, potential and future), including without limitation, all business information relating to customers, customers and suppliers and products of which the Employee becomes aware during and as a result of his employment or association with the Company, and Employee shall not disclose, use, publish, or in any other manner reveal, directly or indirectly, at any time during or after the term of this Agreement, any such processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information pertaining to the Company’s existing or future Business or productsproducts The Employee may disclose or use such information, if at all, only with the prior express written consent of the Company. 7.2 Upon the termination of this Agreement the The Employee hereby undertakes to return return, upon request, to the Company, all written materials, records, documents, computer software and/or hardware or any other material which belongs to the Company and that might be in his possession, and if requested by the Company to do so, will execute a written statement confirming compliance with the above said. 7.3 The Employee acknowledges that all of the secrets, information, or documents aforementioned in Sub-Sections 7.1 and 7.2 above, are essential commercial and proprietary information of the Company which is not public information and cannot easily be discovered by others, whose confidentiality provides the Company a commercial advantage over its competitors, and the Company is taking reasonable measures to safeguard its confidentiality. 7.4 The Employee’s undertakings pursuant to this Section 7 clause shall remain in force after the termination of Employee’s employment under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Intec Pharma Ltd.), Employment Agreement (Intec Pharma Ltd.)

Secrecy and Nondisclosure. 7.1 The Employee shall treat as secret and confidential all of the processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information which are not of public knowledge or record pertaining to the Company’s Business (existing, potential and future), including without limitation, all business information relating to customers, customers and suppliers and products of which the Employee becomes aware during and as a result of his employment or association with the Company, and Employee shall not disclose, use, publish, or in any other manner reveal, directly or indirectly, at any time during or after the term of this Agreement, any such processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information pertaining to the Company’s existing or future Business or products. The Employee may disclose or use such information, if at all, only with the prior express written consent of the Company. 7.2 Upon the termination of this Agreement the The Employee hereby undertakes to return return, upon request, to the Company, all written materials, records, documents, computer software and/or hardware or any other material which belongs to the Company and that might be in his possession, and if requested by the Company to do so, will execute a written statement confirming compliance with the above said. 7.3 The Employee acknowledges that all of the secrets, information, or documents aforementioned in Sub-Sections 7.1 and 7.2 above, are essential commercial and proprietary information of the Company which is not public information and cannot easily be discovered by others, whose confidentiality provides the Company a commercial advantage over its competitors, and the Company is taking reasonable measures to safeguard its confidentiality. 7.4 The Employee’s undertakings pursuant to this Section 7 clause shall remain in force after the termination of Employee’s employment under this AgreementAgreement unless such information as aforementioned has become generally known to the public or is independently acquired by Employee without the use of Confidential Information or if required to disclose the information pursuant to law.

Appears in 2 contracts

Samples: Employment Agreement (Intec Pharma Ltd.), Employment Agreement (Intec Pharma Ltd.)

Secrecy and Nondisclosure. 7.1 The Employee shall treat as secret and confidential all of the processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information which are not of public knowledge or record pertaining to the Company’s Business (existing, potential and future), including without limitation, all business information relating to customers, customers and suppliers and products of which the Employee becomes aware during and as a result of his employment or association with the Company, and Employee shall not disclose, use, publish, or in any other manner reveal, directly or indirectly, at any time during or after the term of this Agreement, any such processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information pertaining to the Company’s existing or future Business or products. The Employee may disclose or use such information, if at all, only with the prior express written consent of the Company. 7.2 Upon the termination of this Agreement the The Employee hereby undertakes to return return, upon request, to the Company, all written materials, records, documents, computer software and/or hardware or any other material which belongs to the Company and that might be in his possession, and if requested by the Company to do so, will execute a written statement confirming compliance with the above said. 7.3 The Employee acknowledges that all of the secrets, information, or documents aforementioned in Sub-Sections 7.1 and 7.2 above, are essential commercial and proprietary information of the Company, or third parties to whom the Company owes a duty of confidentiality which is not public information and cannot easily be discovered by others, whose confidentiality provides the Company a commercial advantage over its competitors, and the Company is taking reasonable measures to safeguard its confidentiality. 7.4 The Employee’s undertakings pursuant to this Section 7 clause shall remain in force after the termination of Employee’s employment under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Acro Inc.)

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Secrecy and Nondisclosure. 7.1 The Employee shall treat as secret and confidential all of the processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information which are not of public knowledge or record pertaining to the Company’s Business of the Company and its Parent (existing, potential and future), including without limitation, all business information relating to customers, suppliers and products of which the Employee becomes aware during and as a result of his employment or association with the Company, and Employee shall not disclose, use, publish, or in any other manner reveal, directly or indirectly, at any time during or after the term of this Agreement, any such processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information pertaining to the Company’s existing or future Business or productsproducts or the existing or future Business or products of the Parent. 7.2 Upon the termination of this Agreement the Employee hereby undertakes to return to the Company, all written materials, records, documents, computer software and/or hardware or any other material which belongs to the Company and/or the Parent and that might be in his possession, and if requested by the Company to do so, will execute a written statement confirming compliance with the above said. 7.3 The Employee acknowledges that all of the secrets, information, or documents aforementioned in Sub-Sections 7.1 and 7.2 above, are essential commercial and proprietary information of the Company and/or the Parent which is not public information and cannot easily be discovered by others, whose confidentiality provides the Company and/or the Parent a commercial advantage over its competitors, and the Company and/or the Parent is taking reasonable measures to safeguard its confidentiality. 7.4 The Employee’s undertakings pursuant to this Section 7 shall remain in force after the termination of Employee’s employment under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Alma Lasers Ltd.)

Secrecy and Nondisclosure. 7.1 The Employee shall treat as secret and confidential all of the processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information which are not of public knowledge or record pertaining to the Business of the Company’s Business (existing, potential and future), including without limitation, all business information relating to customers, customers and suppliers and products of which the Employee becomes aware during and as a result of his employment or association with the Company, and Employee shall not disclose, use, publish, or in any other manner reveal, directly or indirectly, at any time during or after the term of this Agreement, any such processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information pertaining to the Company’s existing or future Business or productsproducts of the Company. The Employee may disclose or use such information, if at all, only with the prior express written consent of the Company. 7.2 Upon the termination of this Agreement the The Employee hereby undertakes to return return, upon request, to the Company, all written materials, records, documents, computer software and/or hardware or any other material which belongs to the Company and that might be in his possession, and if requested by the Company to do so, will execute a written statement confirming compliance with the above said. 7.3 The Employee acknowledges that all of the secrets, information, or documents aforementioned in Sub-Sections 7.1 and 7.2 above, are essential commercial and proprietary information of the Company, or third parties to whom the Company owes a duty of confidentiality which is not public information and cannot easily be discovered by others, whose confidentiality provides the Company a commercial advantage over its competitors, and the Company is taking reasonable measures to safeguard its confidentiality. 7.4 The Employee’s undertakings pursuant to this Section 7 clause shall remain in force throughout the term of the employment of the Employee and after the termination of Employee’s employment under this AgreementAgreement without any time limitation.

Appears in 1 contract

Samples: Personal Employment Agreement (Sequans Communications)

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