Common use of Non-Disclosure of Confidential and Proprietary Information Clause in Contracts

Non-Disclosure of Confidential and Proprietary Information. The Executive may not during the term of his employment with the Company or any time thereafter, directly or indirectly, copy, use, or disclose to any person or business any "Confidential Information" (as defined below) except for the benefit of the Company in connection with the performance of his duties and in accordance with any guidelines or policies which might be adopted from time to time by the Company. In addition, the Executive will use his best efforts to cause all persons over whom he has supervisory control to use, maintain and protect all "Confidential Information" in a confidential manner and as a valuable asset of the Company. As used in this Employment Agreement, "Confidential Information" means trade secrets and other proprietary information and data concerning the business of the Company, its subsidiaries and affiliates (the "FCC Companies"), regardless of whether protectable by law, including, but not limited to, information concerning the names and addresses of any of the FCC Companies' policyholders and prospective policyholders, any of the FCC Companies' operation manuals, accounts, the names of employees and agents and their respective duties, the names of reinsurance providers, financial data, pricing lists and policies, profits or losses, product or service development and all such similar information, all of which would not readily be available to the Executive except for the Executive's employment relationship with the Company. The Executive acknowledges that such information and similar data is not generally known to the trade, is of a confidential nature, is an asset of the Company, and to preserve the Company's good will, must be kept strictly confidential and used only in the conduct of its business. The provisions of this Section will survive the termination of this Employment Agreement for any reason.

Appears in 9 contracts

Samples: Employment Agreement (United Trust Inc /Il/), Employment Agreement (United Income Inc), Employment Agreement (First Commonwealth Corp)

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