Common use of Nondisclosure:  Ownership of Proprietary Property Clause in Contracts

Nondisclosure:  Ownership of Proprietary Property. (i) In recognition of the need of the Company to protect its legitimate business interests, Confidential Information and Trade Secrets, Employee hereby covenants and agrees that Employee shall regard and treat Trade Secrets and all Confidential Information as strictly confidential and wholly-owned by the Company and shall not, for any reason, in any fashion, either directly or indirectly, use, sell, lend, lease, distribute, license, give, transfer, assign, show, disclose, disseminate, reproduce, copy, misappropriate or otherwise communicate any such item or information to any third party Entity for any purpose other than in accordance with this Agreement or as required by applicable law: (A) with regard to each item constituting a Trade Secret, at all times such information remains a “trade secret” under applicable law, and (B) with regard to any Confidential Information, for a period of three (3) years following the Employee’s date of Separation from Service (hereafter the “Restricted Period”).

Appears in 6 contracts

Samples: Amended Deferred Compensation Agreement (Mississippi Power Co), Deferred Compensation Agreement (Southern Co), Deferred Compensation Agreement (Alabama Power Co)

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Nondisclosure:  Ownership of Proprietary Property. (i) In recognition of the need of the Company to protect its legitimate business interests, Confidential Information and Trade Secrets, Employee hereby covenants and agrees that Employee shall regard and treat Trade Secrets and all Confidential Information as strictly confidential and wholly-owned by the Company and shall not, for any reason, in any fashion, either directly or indirectly, use, sell, lend, lease, distribute, license, give, transfer, assign, show, disclose, disseminate, reproduce, copy, misappropriate or otherwise communicate any such item or information to any third party Entity for any purpose other than in accordance with this the Agreement or as required by applicable law: (A) with regard to each item constituting a Trade Secret, at all times such information remains a trade secret” secret under applicable law, law and (B) with regard to any Confidential Information, for a period of three (3) years following the Employee’s date of Separation from Service Date (hereafter the “Restricted Period).

Appears in 2 contracts

Samples: Separation and Release Agreement (Alabama Power Co), Separation and Release Agreement (Alabama Power Co)

Nondisclosure:  Ownership of Proprietary Property. (i) In recognition of the need of the Company to protect its legitimate business interests, Confidential Information and Trade Secrets, Employee hereby covenants and agrees that Employee shall regard and treat Trade Secrets and all Confidential Information as strictly confidential and wholly-owned by the Company and shall not, for any reason, in any fashion, either directly or indirectly, use, sell, lend, lease, distribute, license, give, transfer, assign, show, disclose, disseminate, reproduce, copy, misappropriate or otherwise communicate any such item or information to any third party Entity for any purpose other than in accordance with this Agreement or as required by applicable law: (A) with regard to each item constituting a Trade Secret, at all times such information remains a "trade secret" under applicable law, and (B) with regard to any Confidential Information, for a period of three (3) years following the Employee’s 's date of Separation from Service (hereafter the "Restricted Period").

Appears in 2 contracts

Samples: Assignment Agreement (Southern Power Co), Deferred Compensation Agreement (Southern Co)

Nondisclosure:  Ownership of Proprietary Property. (i) In recognition of the need of the Company Southern Entities to protect its their legitimate business interests, Confidential Information and Trade Secrets, Employee hereby covenants and agrees that Employee shall regard and treat Trade Secrets and all Confidential Information as strictly confidential and wholly-owned by the Company applicable Southern Entity and shall not, for any reason, in any fashion, either directly or indirectly, use, sell, lend, lease, distribute, license, give, transfer, assign, show, disclose, disseminate, reproduce, copy, misappropriate or otherwise communicate any such item or information to any third party Entity for any purpose other than in accordance with this the Agreement or as required by applicable law: (A) with regard to each item constituting a Trade Secret, at all times such information remains a “trade secret” under applicable law, and (B) with regard to any Confidential Information, for a period of three (3) years following the Employee’s date of Separation from Service Date (hereafter the “Restricted Period”).

Appears in 1 contract

Samples: Separation Agreement (Alabama Power Co)

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Nondisclosure:  Ownership of Proprietary Property. (ia) In recognition of the need of the Company to protect its legitimate business interests, Confidential Information and Trade Secrets, Employee hereby covenants and agrees that Employee shall regard and treat Trade Secrets and all Confidential Information as strictly confidential and wholly-owned by the Company and shall not, for any reason, in any fashion, either directly or indirectly, use, sell, lend, lease, distribute, license, give, transfer, assign, show, disclose, disseminate, reproduce, copy, misappropriate or otherwise communicate any such item or information to any third party or Entity for any purpose other than in accordance with this Agreement or as required by applicable law: (Ai) with regard to each item constituting a Trade Secret, at all times such information remains a "trade secret" under applicable law, and (Bii) with regard to any Confidential Information, for a period of three (3) years following the Employee’s date of Separation from Service 's Termination Date (hereafter the "Restricted Period").

Appears in 1 contract

Samples: Release and Restrictive Covenant Agreement (Southern Co)

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