Common use of Requests for Disclosure Clause in Contracts

Requests for Disclosure. It shall not be a breach of the obligations of Section 8(A) if Executive discloses Confidential Information (i) to other employees of the Company in the ordinary course of employment or to other persons pursuant to a signed confidentiality agreement, or (ii) as required by judicial or administrative process or, in the written opinion of Executive's counsel, by the requirements of applicable law, but in case of this clause (ii) only upon satisfaction of the following conditions: (A) the Executive gives prompt written notice to the Chairman of the Board of the existence of, and the circumstances attendant to, such request, sufficient to permit STANDARD or an affiliate to contest or seek to restrict the required disclosure (B) the Executive consults with the Chairman of the Board as to the advisability of taking legally available steps to resist or narrow any such request or otherwise to eliminate the need for such disclosure, (C) if disclosure is required, the Executive cooperates with the Chairman of the Board in obtaining a protective order or other reliable assurance in form and substance satisfactory to the Chairman of the Board that confidential treatment will be accorded to such portion of the Confidential Information as is required to be disclosed, and (D) that Executive disclosed only such Confidential Information as is legally required (or, where applicable, only such information as the written opinion of Executive's counsel deems required).