Executive Promises Clause Samples

Executive Promises. Accordingly, Executive acknowledges and agrees that at all times while employed by the Company and thereafter: (i) all Confidential Information shall remain and be the sole and exclusive property of the Company; (ii) he will protect and safeguard all Confidential Information; (iii) he will hold all Confidential Information in strictest confidence and not, directly or indirectly, disclose or divulge any Confidential Information to any person other than an officer, director, or employee of, or legal counsel for, the Company, to the extent necessary for the proper performance of his duties and responsibilities unless authorized to do so by the Board (or Company officer to whom Executive reports if other than the Board) or compelled to do so by law or valid legal process; (iv) if he believes he is compelled by law or valid legal process to disclose or divulge any Confidential Information (other than as part of his specified duties as an employee or authorized representative of the Company), he will notify the Company in writing sufficiently in advance of any such disclosure to allow the Company the opportunity to defend, limit, or otherwise protect its interests against such disclosure; (v) at the end of his employment with the Company for any reason or at the request of the Company at any time, he will immediately return to the Company all Confidential Information and all copies thereof, in whatever tangible form or medium, including electronic; (vi) he will immediately notify the Company if he learns of or suspects any unauthorized disclosure of Confidential Information; (vii) absent the promises and representations of Executive in this Section 8, the Company would require him immediately to return any tangible Confidential Information in his possession, would not provide Executive with new and additional Confidential Information, would not authorize Executive to engage in activities that will create new and additional Confidential Information, and would not enter or have entered into this Agreement; and (viii) Executive’s obligations under this Section 8 are in addition to any applicable contractual, statutory, or common-law obligations and survive the termination of this Agreement.