Common use of Covenants of Executive Clause in Contracts

Covenants of Executive. During the period that Executive is receiving payments described in Section 1(a) above, he or she will not actively solicit any employees of the Company or its Affiliates to accept employment for any other person or entity and, during that period and thereafter, will not disclose to any person or entity any information concerning the Company or its business that the Executive knows to be of a confidential or non-public nature except as necessary to enforce this Agreement or as required by law. "Affiliate" is defined as any entity controlling, controlled by or under common control with, the Company within the meaning of Rule 405 of the Securities and Exchange Commission under the Securities Act of 1933.

Appears in 6 contracts

Samples: Change of Control Agreement (Minimed Inc), Change of Control Agreement (Minimed Inc), Change of Control Agreement (Minimed Inc)

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