Employee acknowledges that Sample Clauses

Employee acknowledges that. (a) As a result of his employment by the Corporation, Employee has obtained and will obtain secret and confidential information concerning the business of Corporation and its affiliates, including, without limitation, the identity of customers and sources of supply, their needs and requirements, the nature and extent of contracts with them, and related cost, price and sales information.
Sample 1
Employee acknowledges that. (i) the Confidential Information is a valuable, special and unique asset; (ii) the provisions set forth in Sections 6, 7, 8 and 9 of this Agreement have been prepared to protect the Company's legitimate business interests and needs with the least possible degree of imposition upon Employee; (iii) the restrictions set forth in Sections 6, 7, 8 and 9 of this Agreement are intended to be reasonable in scope, duration and area, and are intended to be limited as reasonably necessary to protect the Company's legitimate business interests; and (iv) the provisions of Sections 6, 7, 8 and 9 of this Agreement and Employee's compliance therewith are a material inducement to the Company's agreement to enter into this Agreement.
Sample 1
Employee acknowledges that. (a) Employee has read this Agreement, understands its contents and agrees to its terms and conditions of Employee’s own free will;
Sample 1
Employee acknowledges that. (a) He has carefully read and fully understands all of the provisions of this Agreement.
Sample 1
Employee acknowledges that. (i) during the course of his association and employment with the Company, he will be in contact with suppliers and customers of the Company and will have access to the Company's, its affiliates' and their respective confidential and proprietary information including without limitation, their properties, research and development, accounts, books and records, sales, know-how, software, technology, inventions, techniques, profits, products, customers lists, requirements, suppliers, cost data, memoranda, devices, processes, methods, procedures, formulas, contract prices, pricing and other corporate activities, whether or not in written form or marked "Confidential", whether developed by Employee or others, which relate to the business operations, research development, engineering, products or activities of the Company and/or its affiliates (collectively "CONFIDENTIAL INFORMATION:); (ii) the Confidential Information constitutes "Trade Secrets" of the Company, within the meaning of the Illinois Trade Secrets Act; (iii) all documents, electronic, magnetic or other media and information which concern the Confidential Information are highly confidential and also constitute "trade secrets" as identified above; (iv) the Company has invested and will continue to invest considerable sums of money to obtain and maintain its Confidential Information; (v) the Company derives substantial economic benefit due to the confidentiality of its Confidential Information and inventions; (vi) the Company's competitors would obtain unfair economic and competitive advantages if its Confidential Information or inventions were divulged; (vii) the useful life of the Confidential Information based on general industry standards is unlimited; (viii) the Company has instituted procedures to maintain the confidentiality of its Confidential Information; (ix) the Company operates its business throughout the World (the "RESTRICTED TERRITORY"); and (x) the Confidential Information constitutes a highly significant factor in the Company's ability to conduct its business profitably. Recognizing that the disclosure or improper use of Confidential Information will cause serious and irreparable injury to the company, Employee agrees that he will not at any time, directly or indirectly: (i) disclose, assign or sell Confidential information to any third party or otherwise use Confidential Information for his own benefit or the benefit of others unless previously authorized, in writing, by the Company to ...
Sample 1

Related to Employee acknowledges that

  • Executive Acknowledgment Executive acknowledges (a) that he has consulted with or has had the opportunity to consult with independent counsel of his own choice concerning this Agreement, and has been advised to do so by the Company, and (b) that he has read and understands the Agreement, is fully aware of its legal effect, and has entered into it freely based on his own judgment.

  • Employee Acknowledgment Employee acknowledges (i) that he has consulted with or has had the opportunity to consult with independent counsel of his own choice concerning this Agreement and has been advised to do so by the Company, and (ii) that he has read and understands the Agreement, is fully aware of its legal effect, and has entered into it freely based on his own judgment.

  • Employee Acknowledgements Employee acknowledges and agrees that (a) he has read this Agreement; (b) he is fully competent to execute this Agreement which he understands to be contractual; (c) he executes this Agreement of his own free will, after having a reasonable period of time to review, study, and deliberate regarding its meaning and effect and to consult with counsel regarding same; and (d) without reliance on any representation of any kind or character not expressly set forth herein. * * * * * *

  • Employee Acknowledgement The Executive acknowledges that he has read and understands this Agreement, is fully aware of its legal effect, has not acted in reliance upon any representations or promises made by the Company other than those contained in writing herein, and has entered into this Agreement freely based on his own judgment.

  • Employee Agreements The Company will cause each person now or hereafter employed by it or by any subsidiary (or engaged by the Company or any subsidiary as a consultant/independent contractor) with access to confidential information and/or trade secrets to enter into a nondisclosure and proprietary rights assignment agreement. In addition, the Company shall not amend, modify, terminate, waive, or otherwise alter, in whole or in part, any of the above-referenced agreements or any restricted stock agreement between the Company and any employee, without the consent of the Board of Directors.

  • Executive Executive’s rights and obligations under this Agreement shall not be transferable by Executive by assignment or otherwise, without the prior written consent of the Company; provided, however, that if Executive shall die, all amounts then payable to Executive hereunder shall be paid in accordance with the terms of this Agreement to Executive’s devisee, legatee, or other designee, or if there be no such designee, to Executive’s estate.

  • Employment of Employee Employer hereby employs, engages and hires Employee as Executive Vice President of Employer, and Employee hereby accepts and agrees to such hiring, engagement and employment, subject to the direct supervision of the president of Employer and the general supervision of the Board of Directors of Employer. Employee shall perform duties as are customarily performed by one holding such position in other, same or similar businesses or enterprises as that engaged in by Employer, and shall also additionally render such other and unrelated services and duties as may be reasonably assigned to him from time to time by Employer. Employee shall devote all necessary efforts to the performance of his duties as Executive Vice President of Employer.

  • The Employee This Agreement is personal to the Employee and, without the prior express written consent of MLI, shall not be assignable by the Employee, except that the Employee's rights to receive any compensation or benefits under this Agreement may be transferred or disposed of pursuant to testamentary disposition, intestate succession or a qualified domestic relations order or in connection with a Disability. This Agreement shall inure to the benefit of and be enforceable by the Employee's estate, heirs, beneficiaries, and/or legal representatives.