Common use of Protection of Trade Secrets Clause in Contracts

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his employment except in the performance of Executive's responsibilities and duties under this Agreement. "Trade Secret" means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, 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.

Appears in 2 contracts

Samples: Employment Agreement (First Southern Bancorp Inc /Ga/), Employment Agreement (First Southern Bancorp Inc /Ga/)

AutoNDA by SimpleDocs

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his employment except in employment. For the performance of Executive's responsibilities and duties under this Agreement. purposes hereof, "Trade Secret" means information, including including, without limitation, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a process, a drawing, cost data financial data, financial plans, product plans, information on customers or customer lista list of actual or potential customers or suppliers, thatwhich: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, 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.

Appears in 2 contracts

Samples: Employment Agreement (Coastal Banking Co Inc), Employment Agreement (First Capital Bank Holding Corp)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the EmployerBank, the Executive agrees not to use or disclose any Trade Secrets of the Employer Bank or the Company during or after his employment except in the performance of Executive's responsibilities and duties under this Agreement. For the purposes hereof, "Trade Secret" means information, including including, without limitation, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a process, a drawing, cost data financial data, financial plans, product plans, information on customers or customer lista list of actual or potential customers or suppliers, thatwhich: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, 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.

Appears in 2 contracts

Samples: And Noncompete Agreement (First Community Corp /Sc/), And Noncompete Agreement (First Community Corp /Sc/)

Protection of Trade Secrets. The Executive Employee agrees to maintain in strict confidence andconfidence, except as necessary to perform his duties for the Employer, and the Executive Employee agrees not to use or disclose disclose, any Trade Secrets of the Employer during or after his employment except in employment. For the performance of Executive's responsibilities and duties under this Agreement. purposes hereof, "Trade Secret" means information, including including, without limitation, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a process, a drawing, cost data financial data, financial plans, product plans, information on customers or customer listsuppliers, that: which (i) derives economic value, actual or potential, from not being generally known know to, and not being readily ascertainable by proper means by, 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.

Appears in 1 contract

Samples: Employment Ageement (Speedemissions Inc)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer during or after his employment except in employment. For the performance of Executive's responsibilities and duties under this Agreement. "purposes hereof, “Trade Secret" means information, including including, without limitation, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a process, a drawing, cost data financial data, financial plans, product plans, information on customers or customer lista list of actual or potential customers or suppliers, thatwhich: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, 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.

Appears in 1 contract

Samples: Employment Agreement (Coastal Banking Co Inc)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer or the Company during or after his employment except in employment. For the performance of Executive's responsibilities and duties under this Agreement. purposes hereof, "Trade Secret" means information, including including, without limitation, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a process, a drawing, cost data financial data, financial plans, product plans, information on customers or customer lista list of actual or potential customers or suppliers, thatwhich: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, 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.

Appears in 1 contract

Samples: Employment Agreement (Coastal Banking Co Inc)

AutoNDA by SimpleDocs

Protection of Trade Secrets. The Executive agrees to maintain in strict --------------------------- confidence and, except as necessary to perform his duties for the EmployerBank, the Executive agrees not to use or disclose any Trade Secrets of the Employer Bank or the Company during or after his employment except in the performance of Executive's responsibilities and duties under this Agreement. For the purposes hereof, "Trade Secret" means information, including including, without limitation, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a process, a drawing, cost data financial data, financial plans, product plans, information on customers or customer lista list of actual or potential customers or suppliers, thatwhich: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, 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.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Dutchfork Bancshares Inc)

Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Employer or the Company during or after his employment except in employment. For the performance of Executive's responsibilities and duties under this Agreement. "purposes hereof, “Trade Secret" means information, including including, without limitation, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a process, a drawing, cost data financial data, financial plans, product plans, information on customers or customer lista list of actual or potential customers or suppliers, thatwhich: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, 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.

Appears in 1 contract

Samples: Employment Agreement (First Capital Bank Holding Corp)

Protection of Trade Secrets. The Executive agrees to maintain in --------------------------- strict confidence and, except as necessary to perform his or her duties for the EmployerCompany, the Executive agrees not to use or disclose any Trade Secrets of the Employer Company during or after his employment except in the performance of Executive's responsibilities and duties under this Agreementor her employment. As provided by Florida statutes, "Trade Secret" means shall mean any information, including but not limited to technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, drawingfinancial data, cost data financial plans, product plans, information on customers, or customer lista list of actual or potential customers or suppliers, thatwhich: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, 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.

Appears in 1 contract

Samples: Employment Agreement (M2direct Inc)

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