Common use of Covenant Not to Divulge Confidential Information Clause in Contracts

Covenant Not to Divulge Confidential Information. Company is entitled to prevent the disclosure of Confidential Information. Company agrees to and has provided Confidential Information to Executive since Executive’s employment with the Company and Executive acknowledges and agrees that, during the course of his employment, Executive will be exposed to, have access to, and gain knowledge of Confidential Information. As a portion of the consideration for the employment of Executive and for the compensation being paid to Executive by Company, Executive agrees at all times during the term of his employment hereunder and thereafter to hold in strict confidence and not to disclose or allow to be disclosed to any person, firm or corporation, other than to his professional advisors (who have the obligation to maintain the confidentiality of such information) and to persons engaged by Company to further the business of Company, and not to use except in the pursuit of the business of Company, the Confidential Information, without the prior written consent of Company.

Appears in 7 contracts

Samples: Executive Employment Agreement (Allis Chalmers Energy Inc.), Executive Employment Agreement (Allis Chalmers Energy Inc.), Executive Employment Agreement (Allis Chalmers Energy Inc.)

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Covenant Not to Divulge Confidential Information. Company is entitled to prevent the disclosure of Confidential Information. Company agrees to and has provided Confidential Information to Executive since Executive’s employment with the Company and Executive acknowledges and agrees that, during the course of his employment, Executive will be exposed to, have access to, and gain knowledge of Confidential Information. As a portion of the consideration for the employment of Executive and for the compensation being paid to Executive by Company, Executive agrees at all times during the term of his employment hereunder and thereafter to hold in strict confidence and not to disclose or allow to be disclosed to any person, firm or corporation, other than to his professional advisors (who have the obligation to maintain the confidentiality of such information) and to persons engaged by Company to further the business of Company, and not to use except in the pursuit of the business of Company, the Confidential Information, without the prior written consent of Company.

Appears in 4 contracts

Samples: Executive Employment Agreement (Allis Chalmers Energy Inc.), Executive Employment Agreement (Allis Chalmers Energy Inc.), Executive Employment Agreement (Allis Chalmers Energy Inc.)

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