Common use of Non-Solicitation Using Trade Secrets Clause in Contracts

Non-Solicitation Using Trade Secrets. Other than for authorized Company business activities, Executive understands that Executive may not use or disclose (or threaten to use or disclose) any Company trade secrets without the Company’s written consent. This obligation means, among other things, that Executive may not use or disclose the Company’s trade secrets, whether directly or indirectly, or on behalf of himself or others, to attempt to call on, solicit or obtain business from any actual or prospective client, customer, or business partner of the Company, other than for authorized Company business activities. This prohibition applies during and after Executive’s employment, so long as the information remains a trade secret. The Company considers the following information to be its trade secrets: customer lists; confidential customer information, including without limitation financial information; terms of business with customers; marketing tactics and any other formula, pattern, compilation, program, device, method, technique or process that: (i) derives independent economic value, actual or potential, from not being generally known to the public or to other persons who can obtain economic value from its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy. Executive agrees to take all reasonable steps to maintain the confidentiality of the Company’s trade secrets.