Common use of Trade Secret Protection Clause in Contracts

Trade Secret Protection. (a) In the course of his relationship with the Company, Executive understands and acknowledges that he will have access to confidential information, technical or non-technical data, formulae, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, lists of actual or potential customers or supplies, records, specifications, and other knowledge owned by the Company, business methods, plans, policies and/or personnel of the Company, all of which constitutes the trade secrets and proprietary information of the Company (hereinafter, “trade secrets”). Executive agrees that at no time during or after his relationship with the Company shall the Executive remove or caused to be removed from the premises of the Company any record, file, memorandum, document, equipment or like item relating to the business of the Company or its trade secrets except in furtherance of his duties to the Company, and, immediately following the termination of Executive’s relationship with the Company or at any other time at the request of the Company or any person authorized thereby, all such records, files, memoranda, documents, equipment or trade secrets then in Executive’s possession shall promptly be returned to the Company. (b) Executive further agrees that, during and after his relationship with the Company, he shall not without the prior written approval of the Company or any person authorized thereby, disclose to any person, other than those specifically authorized by the Company or any person authorized thereby and to whom such disclosure is reasonably necessary or appropriate in connection with the performance by him of his duties to the Company, any trade secrets obtained by him during or in furtherance of his relationship with the Company, whether or not he knows or has reason to believe will be damaging to the Company; provided, however, that the above shall not preclude disclosure of any information which is generally known to the public (other than as a direct or indirect result of unauthorized disclosure by the Executive or others similarly situated).

Appears in 3 contracts

Samples: Employment Agreement (NYTEX Energy Holdings, Inc.), Employment Agreement (NYTEX Energy Holdings, Inc.), Employment Agreement (NYTEX Energy Holdings, Inc.)

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Trade Secret Protection. (a) In the course of his relationship with the Company, Executive Xxxxxxxx understands and acknowledges that he will have access to confidential information, technical or non-technical nontechnical data, formulae, patternspatents, compilations, programs, devices, methods, techniques, drawings, processes, financial data, lists of actual or potential customers or supplies, records, specifications, and other knowledge owned by the Company, business methods, plans, policies and/or personnel of the Company, all of which constitutes the trade secrets and proprietary information of the Company (hereinafter, “trade secrets”). Executive Xxxxxxxx agrees that at no time during or after his relationship with the Company shall the Executive Xxxxxxxx remove or caused to be removed from the premises of the Company any record, file, memorandum, document, equipment or like item relating to the business of the Company or its trade secrets except in furtherance of his duties to the Company, and, immediately following the termination of Executive’s Xxxxxxxx’x relationship with the Company or at any other time at the request of the Company or any person authorized thereby, all such records, files, memoranda, documents, equipment or trade secrets then in Executive’s Xxxxxxxx’x possession shall promptly be returned to the Company. (b) Executive Xxxxxxxx further agrees that, during and after his relationship with the Company, he shall not without the prior written approval of the Company or any person authorized thereby, disclose to any person, other than those specifically authorized by the Company or any person authorized thereby and to whom such disclosure is reasonably necessary or appropriate in connection with the performance by him of his duties to the Company, any trade secrets obtained by him during or in furtherance of his relationship with the Company, whether or not he knows or has reason to believe will be damaging to the Company; provided, however, that the above shall not preclude disclosure of any information which is generally known to the public (other than as a direct or indirect result of unauthorized disclosure by the Executive Xxxxxxxx or others similarly situated).

Appears in 1 contract

Samples: Employment Agreement (NYTEX Energy Holdings, Inc.)

Trade Secret Protection. (a) In the course of his relationship with the Company, Executive understands and acknowledges that he will have access to confidential information, technical or non-technical data, formulae, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, lists of actual or potential customers or supplies, records, specifications, and other knowledge owned by the Company, business methods, plans, policies and/or personnel of the Company, all of which constitutes the trade secrets and proprietary information of the Company (hereinafter, “trade secrets”). Executive agrees that at no time during or after his relationship with the Company shall the Executive remove or caused to be removed from the premises of the Company any record, file, memorandum, document, equipment or like item item, relating to the business of the Company or its trade secrets except in in, furtherance of his duties to the Company, and, immediately following the termination of Executive’s relationship with the Company or at any other time at the request of the Company or any person authorized thereby, all such records, files, memoranda, documents, equipment or trade secrets then in Executive’s possession shall promptly be returned to the Company., (b) Executive further agrees that, during and after his relationship with the Company, he shall not without the prior written approval of the Company or any person authorized thereby, disclose to any person, other than those specifically authorized by the Company or any person authorized thereby and to whom such disclosure is reasonably necessary or appropriate in connection with the performance by him of his duties to the Company, any trade secrets obtained by him during or in furtherance of his relationship with the Company, whether or not he knows or has reason to believe will be damaging to the Company; provided, however, that the above shall not preclude disclosure of any information which is generally known to the public (other than as a direct or indirect result of unauthorized disclosure by the Executive or others similarly situated).

Appears in 1 contract

Samples: Employment Agreement (NYTEX Energy Holdings, Inc.)

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Trade Secret Protection. (a) In the course of his her relationship with the Company, Executive understands and acknowledges that he she will have access to confidential information, technical or non-technical data, formulae, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, lists of actual or potential customers or supplies, records, specifications, and other knowledge owned by the Company, business methods, plans, policies and/or personnel of the Company, all of which constitutes the trade secrets and proprietary information of the Company (hereinafter, “trade secrets”). Executive agrees that at no time during or after his her relationship with the Company shall the Executive remove or caused to be removed from the premises of the Company any record, file, memorandum, document, equipment or like item relating to the business of the Company or its trade secrets except in furtherance of his her duties to the Company, and, immediately following the termination of Executive’s relationship with the Company or at any other time at the request of the Company or any person authorized thereby, all such records, files, memoranda, documents, equipment or trade secrets then in Executive’s possession shall promptly be returned to the Company. (b) Executive further agrees that, during and after his her relationship with the Company, he she shall not without the prior written approval of the Company or any person authorized thereby, disclose to any person, other than those specifically authorized by the Company or any person authorized thereby and to whom such disclosure is reasonably necessary or appropriate in connection with the performance by him her of his her duties to the Company, any trade secrets obtained by him her during or in furtherance of his her relationship with the Company, whether or not he she knows or has reason to believe will be damaging to the Company; provided, however, that the above shall not preclude disclosure of any information which is generally known to the public (other than as a direct or indirect result of unauthorized disclosure by the Executive or others similarly situated).

Appears in 1 contract

Samples: Employment Agreement (NYTEX Energy Holdings, Inc.)

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