Common use of Non-Disclosure of Trade Secrets Clause in Contracts

Non-Disclosure of Trade Secrets. During the Executive’s employment with the Company, the Company shall grant the Executive otherwise prohibited access to its Trade Secrets which are not known to the Company’s competitors or within the Company’s industry generally, which were developed by the Company over a long period of time and/or at its substantial expense, and which are of great competitive value to the Company, and access to the Company’s customers and clients. Throughout the Executive’s employment and after the termination of Executive’s employment: (i) the Executive shall hold all Trade Secrets in the strictest confidence, take all reasonable precautions to prevent its inadvertent disclosure to any unauthorized person, and follow all policies of the Company protecting Trade Secrets; (ii) the Executive shall not, directly or indirectly, utilize, disclose or make available to any other person or entity, any Trade Secrets, other than in the proper performance of the Executive’s duties; (iii) the Executive shall not use Trade Secrets to attempt to solicit, induce, recruit, or take away clients or customers of the Company; and (iv) if the Executive learns that any person or entity is taking or threatening to take any actions which would compromise any Trade Secret, the Executive shall promptly advise the Company of all facts concerning such action or threatened action. The foregoing shall not apply to any information which is already in the public domain, or is generally disclosed by the Company or is otherwise in the public domain at the time of disclosure (other than through an unauthorized disclosure by the Executive or any other person). During and after the termination of Executive’s employment with the Company, the Executive shall not use or disclose the Company’s Trade Secrets so long as they remain Trade Secrets. As used in this

Appears in 8 contracts

Samples: Employment Agreement (Physicians Realty Trust), Employment Agreement (Physicians Realty Trust), Employment Agreement (Physicians Realty Trust)

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Non-Disclosure of Trade Secrets. During the Executive’s employment with the Company, the Company shall grant the Executive otherwise prohibited access to its Trade Secrets which are not known to the Company’s competitors or within the Company’s industry generally, which were developed by the Company over a long period of time and/or at its substantial expense, and which are of great competitive value to the Company, and access to the Company’s customers and clients. Throughout the Executive’s employment and after the termination of Executive’s employment: (i) the Executive shall hold all Trade Secrets in the strictest confidence, take all reasonable precautions to prevent its inadvertent disclosure to any unauthorized person, and follow all policies of the Company protecting Trade Secrets; (ii) the Executive shall not, directly or indirectly, utilize, disclose or make available to any other person or entity, any Trade Secrets, other than in the proper performance of the Executive’s duties; (iii) the Executive shall not use Trade Secrets to attempt to solicit, induce, recruit, or take away clients or customers of the Company; and (iv) if the Executive learns that any person or entity is taking or threatening to take any actions which would compromise any Trade Secret, the Executive shall promptly advise the Company of all facts concerning such action or threatened action. The foregoing shall not apply to any information which is already in the public domain, or is generally disclosed by the Company or is otherwise in the public domain at the time of disclosure (other than through an unauthorized disclosure by the Executive or any other person). During and after the termination of Executive’s employment with the Company, the Executive shall not use or disclose the Company’s Trade Secrets so long as they remain Trade Secrets. As used in thisthis Agreement, “Trade Secret” means a Trade Secret as that term is defined under Wisconsin law and under the Economic Espionage Act of 1996 and its amendments.

Appears in 2 contracts

Samples: Employment Agreement (Physicians Realty Trust), Employment Agreement (Physicians Realty Trust)

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