Common use of Basis for Non-Solicitation Agreement Clause in Contracts

Basis for Non-Solicitation Agreement. Employee understands and agrees that the non-solicitation agreement contained in Section 6.1 is necessary to Employer because Employee has access to, and in order to protect the confidentiality of, Employer’s “Confidential Information” (as that term is defined in Section 6.3 below) from intentional and/or inadvertent disclosure or use upon or after the termination of Employee’s employment with Employer. As consideration, Employer expressly agrees to provide Employee with confidential information during Employee’s employment with Employer.

Appears in 7 contracts

Samples: Employment Agreement (Indymac Bancorp Inc), Employment Agreement (Indymac Bancorp Inc), Employment Agreement (Indymac Bancorp Inc)

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Basis for Non-Solicitation Agreement. Employee Officer understands and agrees that the non-solicitation agreement contained in Section 6.1 is necessary to Employer because Employee Officer has access to, and in order to protect the confidentiality of, Employer’s “Confidential Information” (as that term is defined in Section 6.3 below) and Employer wishes to protect such Confidential Information from intentional and/or inadvertent disclosure or use upon or after the termination of EmployeeOfficer’s employment with Employer. As consideration, Employer expressly agrees to provide Employee Officer with confidential information Confidential Information during EmployeeOfficer’s employment with Employer.

Appears in 1 contract

Samples: Employment Agreement (Indymac Bancorp Inc)

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