Common use of Nondisclosure and Non-Use Clause in Contracts

Nondisclosure and Non-Use. By accepting the Restricted Stock, the Employee covenants and agrees that both during the Employee’s employment with the Company and thereafter, the Employee (i) shall exercise the utmost diligence to protect and safeguard the Confidential Information of the Company and its Affiliates; (ii) shall not disclose to any third party any Confidential Information, except as may be required by the Company in the course of the Employee’s employment or by law; and (iii) shall not use, directly or indirectly, for the Employee’s own benefit or for the benefit of another, any Confidential Information. The Employee acknowledges that Confidential Information has been and will be developed and acquired by the Company and its Affiliates by means of substantial expense and effort, that the Confidential Information is a valuable proprietary asset of the Company’s and its Affiliates’ business, and that its disclosure would cause substantial and irreparable injury to the Company’s and its Affiliates’ business. For purposes of this Restricted Stock Agreement, “Affiliate” shall mean any entity controlling, controlled by, or under common control of, the Company.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Chico's Fas, Inc.), Restricted Stock Agreement (Chico's Fas, Inc.), Restricted Stock Agreement (Chico's Fas, Inc.)

AutoNDA by SimpleDocs

Nondisclosure and Non-Use. By accepting the Restricted StockPerformance Award, the Employee covenants and agrees that both during the Employee’s employment with the Company and thereafter, the Employee (i) shall exercise the utmost diligence to protect and safeguard the Confidential Information of the Company and its Affiliates; (ii) shall not disclose to any third party any Confidential Information, except as may be required by the Company in the course of the Employee’s employment or by law; and (iii) shall not use, directly or indirectly, for the Employee’s own benefit or for the benefit of another, any Confidential Information. The Employee acknowledges that Confidential Information has been and will be developed and acquired by the Company and its Affiliates by means of substantial expense and effort, that the Confidential Information is a valuable proprietary asset of the Company’s and its Affiliates’ business, and that its disclosure would cause substantial and irreparable injury to the Company’s and its Affiliates’ business. For purposes of this Restricted Stock Performance Award Agreement, “Affiliate” shall mean any entity controlling, controlled by, or under common control of, the Company.

Appears in 3 contracts

Samples: Performance Award Agreement (Chico's Fas, Inc.), Performance Award Agreement (Chico's Fas, Inc.), Performance Award Agreement (Chico's Fas, Inc.)

Nondisclosure and Non-Use. By accepting the Restricted StockStock Units, the Employee covenants and agrees that both during the Employee’s employment with the Company and thereafter, the Employee (i) shall exercise the utmost diligence to protect and safeguard the Confidential Information of the Company and its Affiliates; (ii) shall not disclose to any third party any Confidential Information, except as may be required by the Company in the course of the Employee’s employment or by law; and (iii) shall not use, directly or indirectly, for the Employee’s own benefit or for the benefit of another, any Confidential Information. The Employee acknowledges that Confidential Information has been and will be developed and acquired by the Company and its Affiliates by means of substantial expense and effort, that the Confidential Information is a valuable proprietary asset of the Company’s and its Affiliates’ business, and that its disclosure would cause substantial and irreparable injury to the Company’s and its Affiliates’ business. For purposes of this Restricted Stock Unit Agreement, “Affiliate” shall mean any entity controlling, controlled by, or under common control of, the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Chico's Fas, Inc.)

AutoNDA by SimpleDocs

Nondisclosure and Non-Use. By accepting the Restricted StockPerformance Award, the Employee covenants and agrees that both during the Employee’s employment with the Company and thereafter, the Employee (i) shall exercise the utmost diligence to protect and safeguard the Confidential Information of the Company and its Affiliates; (ii) shall not disclose to any third party any Confidential Information, except as may be required by the Company in the course of the Employee’s employment or by law; and (iii) shall not use, directly or indirectly, for the Employee’s own benefit or for the benefit of another, any Confidential Information. The Employee acknowledges that Confidential Information has been and will be developed and acquired by the Company and its Affiliates by means of substantial expense and effort, that the Confidential Information is a valuable proprietary asset of the Company’s and its Affiliates’ business, and that its disclosure would cause substantial and irreparable injury to the Company’s and its Affiliates’ business. For purposes of this Restricted Stock Performance Award Agreement, “Affiliate” shall mean any entity controlling, controlled by, or under common control of, the Company.. 2022 PSU

Appears in 1 contract

Samples: Performance Award Agreement (Chico's Fas, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.