Common use of Duty Not to Disclose Confidential Information Clause in Contracts

Duty Not to Disclose Confidential Information. The Officer acknowledges that his relationship with the Company and the Bank is one of high trust and confidence, and that he has access to Confidential Information (as hereinafter defined) of the Company and the Bank. The Officer shall not, directly or indirectly, communicate, deliver, exhibit or provide any Confidential Information to any person, firm, partnership, corporation, organization or entity, except as required in the normal course of the Officer’s duties. The duties contained in this paragraph shall be binding upon the Officer during the time that he is employed by the Company and following the termination of such employment. Such duties will not apply to any such Confidential Information which is or becomes in the public domain through no action on the part of the Officer, is generally disclosed to third parities by the Company without restriction on such third parties, or is approved for release by written authorization of the Board of Directors of the Company. The term “Confidential Information” shall mean any and all confidential, proprietary, or secret information relating to the Company’s or the Bank’s business, services, customers, business operations, or activities and any and all trade secrets, products, methods of conducting business, information, skills, knowledge, ideas, know-how or devices used in, developed by, or pertaining to the Company’s or the Bank’s business and not generally known, in whole or in part, in any trade or industry in which the Company or the Bank is engaged.

Appears in 3 contracts

Samples: Management Contiinuity Agreement (Illini Corp), Management Continuity Agreement (Illini Corp), Management Continuity Agreement (Illini Corp)

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Duty Not to Disclose Confidential Information. The Officer acknowledges that his relationship with the Company and the Bank Illini is one of high trust and confidence, and that he has access to Confidential Information (Information, as hereinafter defined) , of the Company Illini and the Bank. The Officer shall not, not directly or indirectly, communicate, deliver, exhibit or provide any Confidential Information to any person, firm, partnership, corporation, organization or entity, except as required in the normal course of the Officer’s duties. The duties contained in this paragraph shall be binding upon the Officer during the time that he is employed by the Company under this Agreement and following the termination of such employment. Such duties will not apply to any such Confidential Information which that is or becomes in the public domain through no action on the part of the Officer, is generally disclosed to third parities by the Company Illini without restriction on such third parties, or is approved for release by written authorization of the Board of Directors of the CompanyIllini or Bank. The term “Confidential Information” shall mean any and all confidential, proprietary, or secret information relating to the CompanyIllini’s or the Bank’s business, services, customers, business operations, or activities and any and all trade secrets, products, methods of conducting business, information, skills, knowledge, ideas, know-know- how or devices used in, developed by, or pertaining to the CompanyIllini’s or the Bank’s business and not generally known, in whole or in part, in any trade or industry in which the Company or the Bank Illini is engaged.

Appears in 1 contract

Samples: Management Continuity Agreement (Illini Corp)

Duty Not to Disclose Confidential Information. The Officer acknowledges that his relationship with the Company and the Bank is one of high trust most and confidence, confidence and that he has access to Confidential Information (as hereinafter defined) of the Company and the Bank. The Officer shall not, directly or indirectly, communicate, deliver, exhibit or provide any Confidential Information to any person, firm, partnership, partnership corporation, organization or entity, except as required in the normal course of the Officer’s duties. The duties contained in this paragraph shall be binding upon the Officer during the time that he is employed by the Company and following the termination of such employment. Such duties will not apply to any such Confidential Information which is or becomes in the public domain through no action on the part of the Officer, is generally disclosed to third parities by the Company without restriction on such third parties, or is approved for release by written authorization of the Board of Directors of the Company. The term “Confidential Information” shall mean any and all confidential, proprietary, or secret information relating to the Company’s or the Bank’s business, services, customers, business operations, or activities and any and all trade secrets, products, methods of conducting business, information, skills, knowledge, ideas, know-how or devices used in, developed by, or pertaining to the Company’s or the Bank’s business and not generally known, in whole or in part, in any trade or industry in which the Company or the Bank is engaged.

Appears in 1 contract

Samples: Management Continuity Agreement (Illini Corp)

Duty Not to Disclose Confidential Information. The Officer acknowledges that his relationship with the Company and the Bank is one of high trust and confidence, and that he has access to Confidential Information (as hereinafter defined) of the Company and the BankCompany. The Officer shall not, directly or indirectly, communicate, deliver, exhibit or provide any Confidential Information to any person, firm, partnership, corporation, organization or entity, except as required in the normal course of the Officer’s 's duties. The duties contained in this paragraph shall be binding upon the Officer during the time that he is employed by the Company and following the termination of such employment. Such duties will not apply to any such Confidential Information which is or becomes in the public domain through no action on the part of the Officer, is generally disclosed to third parities parties by the Company without restriction on such third parties, or is approved for release by written authorization of the Board of Directors of the Company. The term "Confidential Information" shall mean any and all confidential, proprietary, or secret information relating to the Company’s or the Bank’s 's business, services, customers, business operations, or activities and any and all trade secrets, products, methods of conducting business, information, skills, knowledge, ideas, know-how or devices used in, developed by, or pertaining to the Company’s or the Bank’s 's business and not generally known, in whole or in part, in any trade or industry in which the Company or the Bank is engaged.

Appears in 1 contract

Samples: Management Continuity Agreement (First of America Bank Corp /Mi/)

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Duty Not to Disclose Confidential Information. The Officer acknowledges that his relationship with the Company and the Bank is one of high trust and confidence, and that he has access to Confidential Information (as hereinafter defined) of the Company and the Bankits subsidiary(ies). The Officer shall not, directly or indirectly, communicate, deliver, exhibit or provide any Confidential Information to any person, firm, partnership, corporation, organization or entity, except as required in the normal course of the Officer’s 's duties. The duties contained in this paragraph shall be binding upon the Officer during the time that he is employed by the Company and following the termination of such employment. Such duties will not apply to any such Confidential Information which is or becomes in the public domain through no action on the part of the Officer, is generally disclosed to third parities by the Company without restriction on such third parties, or is approved for release by written authorization of the Board of Directors of the Company. The term "Confidential Information" shall mean any and all confidential, proprietary, or secret information relating to the Company’s 's or the Bank’s a subsidiary's business, services, customers, business operations, or activities and any and all trade secrets, products, methods of conducting business, information, skills, knowledge, ideas, know-how or devices used in, developed by, or pertaining to the Company’s 's or the Bank’s a subsidiary's business and not generally known, in whole or in part, in any trade or industry in which the Company or the Bank is engaged.. Section 2

Appears in 1 contract

Samples: Management Continuity Agreement (Illini Corp)

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