Common use of Covenant of Confidentiality Clause in Contracts

Covenant of Confidentiality. At any time during the term of the Participant’s employment with, or engagement to provide Services to, the Company or its Subsidiaries or Affiliates (pursuant to this Agreement or otherwise), and for a period of five (5) years after the termination of the Participant’s employment with the Company or its Subsidiaries or Affiliates, as applicable, for any reason, the Participant shall not, except in furtherance of the Business of the Company Group or otherwise with the prior authorization of the Company, in any form or manner, directly or indirectly, divulge, disclose or communicate to any person, entity, firm, corporation or any other third party (other than in the course of the Participant’s employment or engagement), or utilize for the Participant’s personal benefit or for the benefit of any competitor or customer of the Company Group any Confidential Information. For purposes of this Agreement, “Confidential Information” shall mean, but shall not be limited to, any technical or non-technical data, formulae, patterns, compilations, programs, devices, methods, techniques, drawings, designs, processes, procedures, improvements, models or manuals of any member of the Company Group or which are licensed by any member of the Company Group, any financial data or lists of actual or potential customers or suppliers (including contacts thereat) of the Company Group, and any information regarding the contracts, marketing and sales plans, which is not generally known to the public through legitimate origins of the Company Group. The parties hereto each acknowledge and agree that such Confidential Information is extremely valuable to the Company Group and shall be deemed to be a “trade secret.” In the event that any part of the Confidential Information becomes generally known to the public through legitimate origins (other than by the breach of this Agreement by the Participant or by misappropriation), or is required to be disclosed by legal, administrative or judicial process (provided that the Participant has provided to the Company reasonable prior notice of such request and the Company has had a reasonable opportunity, at its expense, to dispute, defend or limit such request for the Confidential Information), that part of the Confidential Information shall no longer be deemed Confidential Information for purposes of this Agreement, but the Participant shall continue to be bound by the terms of this Agreement as to all other Confidential Information.

Appears in 11 contracts

Samples: Stock Option Agreement (Par Pacific Holdings, Inc.), Restricted Stock Agreement (Par Pacific Holdings, Inc.), 2016 Restricted Stock Agreement (Par Pacific Holdings, Inc.)

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Covenant of Confidentiality. At any time during the term of the ParticipantEmployee’s employment with, or engagement to provide Services to, with the Company or its Subsidiaries or Affiliates (pursuant to this Agreement or otherwise), and for a period of five (5) years after the termination of the ParticipantEmployee’s employment with the Company or its Subsidiaries or Affiliates, as applicable, for any reason, the Participant Employee shall not, except in furtherance of the Business of the Company Covanta Group or otherwise with the prior authorization of the Company, in any form or manner, directly or indirectly, divulge, disclose or communicate to any person, entity, firm, corporation or any other third party (other than in the course of the ParticipantEmployee’s employment or engagementemployment), or utilize for the ParticipantEmployee’s personal benefit or for the benefit of any competitor or customer of the Company Covanta Group any Confidential Information. For purposes of this Agreement, “Confidential Information” shall mean, but shall not be limited to, any technical or non-technical data, formulae, patterns, compilations, programs, devices, methods, techniques, drawings, designs, processes, procedures, improvements, models or manuals of any member of the Company Covanta Group or which are licensed by any member of the Company Covanta Group, any financial data or lists of actual or potential customers or suppliers (including contacts thereat) of the Company Covanta Group, and any information regarding the contracts, marketing and sales plans, which is not generally known to the public through legitimate origins of the Company Covanta Group. The parties hereto each acknowledge and agree that such Confidential Information is extremely valuable to the Company Covanta Group and shall be deemed to be a “trade secret.” In the event that any part of the Confidential Information becomes generally known to the public through legitimate origins (other than by the breach of this Agreement by the Participant Employee or by misappropriation), or is required to be disclosed by legal, administrative or judicial process (provided that the Participant Employee has provided to the Company and Covanta reasonable prior notice of such request and the Company or Covanta has had a reasonable opportunity, at its expense, to dispute, defend or limit such request for the Confidential Information), that part of the Confidential Information shall no longer be deemed Confidential Information for purposes of this Agreement, but the Participant Employee shall continue to be bound by the terms of this Agreement as to all other Confidential Information.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Covanta Holding Corp), Restricted Stock Award Agreement (Covanta Holding Corp)

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Covenant of Confidentiality. At any time during the term of the ParticipantEmployee’s employment with, or engagement to provide Services to, with the Company or its Subsidiaries or Affiliates (pursuant to this Agreement or otherwise), and for a period of five (5) years after the termination of the ParticipantEmployee’s employment with the Company or its Subsidiaries or Affiliates, as applicable, for any reason, the Participant Employee shall not, except in furtherance of the Business of the Company Covanta Group or otherwise with the prior authorization of the Company, in any form or manner, directly or indirectly, divulge, disclose or communicate to any person, entity, firm, corporation or any other third party (other than in the course of the ParticipantEmployee’s employment or engagementemployment), or utilize for the ParticipantEmployee’s personal benefit or for the benefit of any competitor or customer of the Company Covanta Group any Confidential Information. For purposes of this Agreement, “Confidential Information” shall mean, but shall not be limited to, any technical or non-technical data, formulae, patterns, compilations, programs, devices, methods, techniques, drawings, designs, processes, procedures, improvements, models or manuals of any member of the Company Covanta Group or which are licensed by any member of the Company Covanta Group, any financial data or lists of actual or potential customers or suppliers (including contacts thereat) of the Company Covanta Group, and any information regarding the contracts, marketing and sales plans, which is not generally known to the public through legitimate origins of the Company Covanta Group. The parties hereto each acknowledge and agree that such Confidential Information is extremely valuable to the Company Covanta Group and shall be deemed to be a “trade secret.” In the event that any part of the Confidential Information becomes generally known to the public through legitimate origins (other than by the breach of this Agreement by the Participant Employee or by misappropriation), or is required to be disclosed by legal, administrative or judicial process (provided that the Participant Employee has provided to the Company and Covanta reasonable prior notice of such request and the Company or Covanta has had a reasonable opportunity, at its expense, to dispute, defend or limit such request for the Confidential Information), that part of the Confidential Information shall no longer be deemed Confidential Information for purposes of this Agreement, but the Participant Employee shall continue to be bound by the terms of this Agreement as to all other Confidential Information.

Appears in 1 contract

Samples: Corporation Restricted Stock Unit Agreement (Covanta Holding Corp)

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