Common use of SECRETS AND CONFIDENTIAL INFORMATION; NON-COMPETITION Clause in Contracts

SECRETS AND CONFIDENTIAL INFORMATION; NON-COMPETITION. During the term of your employment, you will acquire knowledge of confidential and proprietary information regarding, among other things, the Company's present and future operations, its customers and suppliers, pricing and bidding strategies, and the methods used by the Company and its employees. Therefore, you hereby agree to the following: A. During your employment and after your employment ends with the Company you will hold in a fiduciary capacity for the benefit of the Company, and shall not directly or indirectly use or disclose any Trade Secret, as defined hereinafter, that you may acquire during the term of your employment by the Company for so long as such information remains a Trade Secret. The term "TRADE SECRET" as used in this contract shall mean information including, but not limited to, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans or a list of actual or potential customers or suppliers which: (1) 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 (2) is the subject of reasonable efforts by the Company to maintain its confidentiality.

Appears in 4 contracts

Samples: Employment Agreement (Poland Communications Inc), Employment Agreement (Entertainment Inc), Employment Agreement (Entertainment Inc)

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SECRETS AND CONFIDENTIAL INFORMATION; NON-COMPETITION. During the term of your employment, you will acquire knowledge of confidential and proprietary information regarding, among other things, the Company's present and future operations, its customers and suppliers, pricing and bidding strategies, and the methods used by the Company and its employees. Therefore, you hereby agree to the following: A. During your employment and after your employment ends with the Company you will hold in a fiduciary capacity for the benefit of the Company, and shall not directly or indirectly use we or disclose any Trade Secret, as defined hereinafter, that you may acquire during the term of your employment by the Company for 2 3 so long as such information remains a Trade Secret. The term "TRADE SECRET" as used in this contract shall mean information including, but not limited to, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans or a list of actual or potential customers or suppliers which: (1) 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 (2) is the subject of reasonable efforts by the Company to maintain its confidentiality.

Appears in 1 contract

Samples: Employment Agreement (Poland Communications Inc)

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