Confidential Information Post Employment Obligations Company Property Sample Clauses
This clause defines the employee's responsibilities regarding confidential information, company property, and obligations that continue after employment ends. It typically requires employees to protect sensitive company data, refrain from disclosing proprietary information, and return all company property such as laptops, documents, or access cards upon termination. The core function of this clause is to safeguard the company's intellectual property and assets, ensuring that valuable information and resources are not misused or exposed after the employment relationship concludes.
Confidential Information Post Employment Obligations Company Property. Section 2.01 Company Property As used in this Article II, the term the “COMPANY” refers to the Company and each of its direct and indirect subsidiaries. All written materials, records, data and other documents relating to Company business, products or services prepared or possessed by Director during Director’s employment by the Company are the Company’s property. All information, ideas, concepts, improvements, discoveries and inventions that are conceived, made, developed or acquired by Director individually or in conjunction with others during Director’s employment (whether during business hours and whether on Company’s premises or otherwise) that relate to Company business, products or services are the Company’s sole and exclusive property. All memoranda, notes, records, files, correspondence, drawings, manuals, models, specifications, computer programs, maps and all other documents, data or materials of any type embodying such information, ideas, concepts, improvements, discoveries and inventions are Company property. At the termination of Director’s employment with the Company for any reason, Director shall return all of the Company’s documents, data or other Company property to the Company.
Confidential Information Post Employment Obligations Company Property