Common use of No Disclosure of Confidential Information Clause in Contracts

No Disclosure of Confidential Information. The Officer agrees that all customer lists, dealer lists, files and records now or hereafter used by the Bank are the property of the Bank and are its trade secrets. Accordingly, the Officer acknowledges that the Bank’s trade secrets as they may exist from time to time and other confidential information concerning the Bank’s business, products, promotion, pricing techniques, business plans, customer lists and credit and financial data concerning customers are valuable, special and unique assets of the Bank, access to and knowledge of which are essential to the performance of the Officer’s duties under this Agreement. The Officer further agrees that all knowledge and information described in the preceding sentence not in the public domain and heretofore or in the future obtained by the Officer as a result of employment by the Bank shall be considered confidential information and shall not be disclosed without the Bank’s consent. The provisions of the preceding sentence shall apply during the Officer’s employment and following the termination thereof for any reason. The provisions of this section may be enforced in the same manner as described in Section 19. Nothing contained herein shall be deemed to preclude the Officer from responding to requests for information or inquiries from the Office of Thrift Supervision or the Federal Deposit Insurance Corporation.

Appears in 3 contracts

Samples: Agreement (Sovereign Bancorp Inc), Agreement (Sovereign Bancorp Inc), Agreement (Sovereign Bancorp Inc)

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No Disclosure of Confidential Information. The Officer Executive agrees that all customer lists, dealer lists, files and records now or hereafter used by the Bank SBI are the property of the Bank SBI and are its trade secrets. Accordingly, the Officer Executive acknowledges that the BankSBI’s trade secrets as they may exist from time to time and other confidential information concerning the BankSBI’s business, products, promotion, pricing techniques, business plans, customer lists and credit and financial data concerning customers are valuable, special and unique assets of the BankSBI, access to and knowledge of which are essential to the performance of the OfficerExecutive’s duties under this Agreement. The Officer Executive further agrees that all knowledge and information described in the preceding sentence not in the public domain and heretofore or in the future obtained by the Officer Executive as a result of employment by the Bank SBI shall be considered confidential information and shall not be disclosed without the BankSBI’s consent. The provisions of the preceding sentence shall apply during the OfficerExecutive’s employment and following the termination thereof for any reason. The provisions of this section may be enforced in the same manner as described in Section 19. Nothing contained herein shall be deemed to preclude the Officer Executive from responding to requests for information or inquiries from the Office of Thrift Supervision or the Federal Deposit Insurance Corporation.

Appears in 1 contract

Samples: Execution Copy Agreement (Sovereign Bancorp Inc)

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