Common use of PROTECTION OF GOODWILL Clause in Contracts

PROTECTION OF GOODWILL. The Executive acknowledges that in the course of carrying out, performing, and fulfilling his responsibilities to the Employer, the Executive will be given access to and be entrusted with Confidential Information relating to the Employer's business. The Executive recognizes that (i) the goodwill of the Employer depends upon, among other things, its keeping the Confidential Information confidential and that unauthorized disclosure of the Confidential Information would irreparably damage the Employer; and (ii) disclosure of any Confidential Information to competitors of the Employer or to the general public would be highly detrimental to the Employer. The Executive further acknowledges that in the course of performing his obligations to the Employer he will be a representative of the Employer to many clients or other persons and, in some instances, the Employer's primary contact with such clients or other persons, and as such will be responsible for maintaining or enhancing the business and/or goodwill of the Employer with those clients or other persons.

Appears in 3 contracts

Samples: Executive Employment Agreement (Fx Energy Inc), Executive Employment Agreement (Future Petroleum Corp/Ut/), Executive Employment Agreement (Fx Energy Inc)

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PROTECTION OF GOODWILL. The Executive Employee acknowledges that in the course of carrying out, performing, and fulfilling his responsibilities to the Employer, the Executive Employee will be given access to and be entrusted with Confidential Information relating to the Employer's ’s business. The Executive Employee recognizes that (i) the goodwill of the Employer depends upon, among other things, its keeping the Confidential Information confidential and that unauthorized disclosure of the Confidential Information would irreparably damage the Employer; and (ii) disclosure of any Confidential Information to competitors of the Employer or to the general public would be highly detrimental to the Employer. The Executive Employee further acknowledges that in the course of performing his obligations to the Employer he will be a representative of the Employer to many clients or other persons and, in some instances, the Employer's ’s primary contact with such clients or other persons, and as such will be responsible for maintaining or enhancing the business and/or goodwill of the Employer with those clients or other persons.

Appears in 1 contract

Samples: Employment Agreement (Fx Energy Inc)

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PROTECTION OF GOODWILL. The Executive Employee acknowledges that in the course of carrying out, performing, and fulfilling his responsibilities to the Employer, the Executive Employee will be given access to and be entrusted with Confidential Information relating to the Employer's business. The Executive Employee recognizes that (i) the goodwill of the Employer depends upon, among other things, its keeping the Confidential Information confidential and that unauthorized disclosure of the Confidential Information would irreparably damage the Employer; and (ii) disclosure of any Confidential Information to competitors of the Employer or to the general public would be highly detrimental to the Employer. The Executive Employee further acknowledges that in the course of performing his obligations to the Employer he will be a representative of the Employer to many clients or other persons and, in some instances, the Employer's primary contact with such clients or other persons, and as such will be responsible for maintaining or enhancing the business and/or goodwill of the Employer with those clients or other persons.

Appears in 1 contract

Samples: Employment Agreement (Fx Energy Inc)

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