Receipt of Confidential Information. Executive’s employment by the Company creates a relationship of confidence and trust between Executive and the Company with respect to certain information applicable to the business of the Company and its clients or customers. Executive acknowledges that during Executive’s employment by the Company and as a result of the confidential relationship with the Company established thereby, Executive shall be receiving Confidential Information and that the Confidential Information is a highly valuable asset of the Company.
Receipt of Confidential Information. The Executive acknowledges that: (i) the Company is presently engaged in the marketing, processing and distributing of prepaid debit cards, stored value cards and other similar products from which the Company derives substantial revenues (collectively, the “Company’s Current Lines of Business”); (ii) contemporaneously with the Executive’s execution of this Employment Agreement, the Company is providing the Executive with Confidential Information, including, without limitation, information relating to the Company’s information technology systems, and related technologies, and information previously or hereafter provided relating to the Company’s legal affairs and business relationships, and the Company will continue to provide the Executive with Confidential Information in the future while the Executive is employed with the Company; (iii) the Executive has received the Confidential Information; (iv) in the Executive’s position as President, the Executive will need the Confidential Information to properly carry out the Executive’s duties hereunder; (v) the Company’s provision of Confidential Information to the Executive, in exchange for the Executive’s agreement and covenant to maintain the confidentiality of the Confidential Information, as set forth in Section 6(a) hereof gives rise to the Company’s interest in restraining the Executive from competing against the Company as set forth in Sections 6(c), 6(e), 6(f) and 6(g) hereof; (vi) the Executive’s agreement and covenant not to compete with the Company as set forth in Sections 6(c), 6(e), 6(f), and 6(g) hereof is designed to enforce the Executive’s agreement and covenant to maintain the confidentiality of the Confidential Information as set forth in Section 6(a) hereof; (vii) the agreements and covenants contained in Sections 6(a) through 6(g) hereof (the “Restrictive Covenants”) are essential to protect the goodwill and profitability of the Company’s Current Lines of Business; and (viii) the agreements and covenants contained in Sections 6(a) through 6(g) hereof will not involve a substantial hardship upon the Executive’s future livelihood. Accordingly, the Executive covenants and agrees for the benefit of the Company, with respect to himself, to comply with the Restrictive Covenants.
Receipt of Confidential Information. The Executive acknowledges that during Executive’s employment as an executive of the Village Farms Group and as a result of the confidential relationship with the Village Farms Group established thereby, the Executive shall be receiving Confidential Information and that the Confidential Information is a highly valuable asset of the Village Farms Group.
Receipt of Confidential Information a. For the purpose of this section, “
Receipt of Confidential Information. A Conflicted PITV Investor will have the right to grant or withhold its approval on the matters set forth in Section 2.1.1 hereof and participate in discussions with respect thereto notwithstanding that such Conflicted PITV Investor may not be entitled to Confidential Information pertaining to such matter pursuant to the terms of this Agreement and/or the Stockholders Agreement; provided that such right to approve and participate in such approval process shall not imply that any Conflicted PITV Investor is entitled to any such Confidential Information; provided further that in connection with any Change of Control, the provisions of Sections 4.7.3, 4.7.5, 4.7.6. 4.7.7, 4.8.3(b), 4.8.8, 4.8.9, 4.8.10 and/or 10.10.1, as applicable, of the Stockholders Agreement shall apply in lieu of the provisions of this Section 2.1.2.
Receipt of Confidential Information. The Employee acknowledges that during Employee’s employment as an Employee of the Partnership and as a result of the confidential relationship with the Related Companies established thereby, the Employee shall be receiving Confidential Information and that the Confidential Information is a highly valuable asset of the Partnership and Related Companies.
Receipt of Confidential Information. Employee acknowledges that he will be exposed to certain confidential or proprietary information about Employer, including the suppliers, vendors, customers, potential customers and competition of Employer, and information about Employer's operations. Additionally, in the course and scope of his employment, he will be gaining significant experience and expertise related to Xxxxx Products, such experience and expertise being of potentially great value to competitors of Employer. All advertising, sales, manufacturers' and other materials, articles or information relating to Employer or Employer's operations, drawings, records, data bases, computer programs, data processing reports, customer sales analyses, invoices, price lists or information, samples, supplier and vendor identities and terms, the identities and terms of prior contacted prospects, and any other materials or data of any kind furnished to Employee by Employer or developed by Employee on behalf of Employer or at Employer's direction or for Employer's use or otherwise in connection with Employee's performance of services for Employer, are and shall remain the sole and exclusive confidential property of Employer.
Receipt of Confidential Information by a PARTNER from a PARTNER: The receiving PARTNER shall treat as confidential all CONFIDENTIAL INFORMATION of any other PARTNER, or of the SUBSIDIARIES or AFFILIATES of such other PARTNER, that comes to the receiving PARTNER"s knowledge through its participation in TASTEMAKER U.S. The receiving PARTNER shall take such steps to prevent disclosure of such CONFIDENTIAL INFORMATION to any third person as it would take in protecting its own proprietary or confidential information and shall not use any portion of such CONFIDENTIAL INFORMATION for any purpose not authorized herein.
Receipt of Confidential Information. Each party acknowledges (i) that in the course of performance obligations under the terms of this Agreement, either party may learn of the Confidential Information of the other party or otherwise have access to such Confidential Information, (ii) that Confidential Information of each party constitutes highly valuable assets of such party, and (iii) that disclosure of such Confidential Information to competitors of the other party would cause undue harm to the party whose Confidential Information is disclosed.
Receipt of Confidential Information. The Executive acknowledges that during Executive’s employment as an Executive of the Company and as a result of the confidential relationship with the Related Companies estab lished thereby, the Executive shall be receiving Confidential Information and that the Confidential Information is a highly valuable asset of the Company and Related Companies.
