Common use of Confidentiality; Non-Competition Clause in Contracts

Confidentiality; Non-Competition. Dee acknowledges that the business in which the Company is engaged is competitive and that his employment with the Company has required and will require that he have access to and knowledge of confidential and proprietary information pertaining to the Company’s operations and its properties (“Confidential Information”). Dee shall not, during the term of his employment hereunder or at any time thereafter, except in connection with the performance of services hereunder or in furtherance of the business of the Company, communicate, divulge, or disclose to any other person not a Trustee, officer, employee, or affiliate of, or not engaged to render services to or for, the Company or use for his own benefit or purposes any Confidential Information that he has obtained from the Company during the term of his Employment under this Agreement, except that this provision shall not preclude Dee from communication or use of Confidential Information made known generally to the public by any party unrelated to Dee, or from making any disclosure required by applicable law, rules, regulations, or court or governmental or regulatory authority order or decree provided that, if practicable, Dee shall not disclose any Confidential Information without first giving the Company notice of intention to make that disclosure and an opportunity to interpose an objection to the disclosure. During the term of this Agreement and for a period of one (1) year after termination of Dee’s employment following a Change in Control, Dee shall not, directly or indirectly as an employee, officer, director, trustee, consultant, partner, member or shareholder (other than as a passive shareholder of less than 1% of the outstanding stock of a publicly-traded company), have any interest in or perform any services in respect of any property that meets the Company’s publicly-stated definition of a Community Centered Property within a five (5) mile radius of any property then-owned by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Whitestone REIT)

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Confidentiality; Non-Competition. Dee Xxxxxxx acknowledges that the business in which the Company is engaged is competitive and that his employment with the Company has required and will require that he have access to and knowledge of confidential and proprietary information pertaining to the Company’s operations and its properties (“Confidential Information”). Dee Xxxxxxx shall not, during the term of his employment hereunder or at any time thereafter, except in connection with the performance of services hereunder or in furtherance of the business of the Company, communicate, divulge, or disclose to any other person not a Trusteetrustee, officer, employee, or affiliate of, or not engaged to render services to or for, the Company or use for his own benefit or purposes any Confidential Information that he has obtained from the Company during the term of his Employment under this Agreement, except that this provision shall not preclude Dee Holeman from communication or use of Confidential Information made known generally to the public by any party unrelated to DeeHoleman, or from making any disclosure required by applicable law, rules, regulations, or court or governmental or regulatory authority order or decree provided that, if practicable, Dee Holeman shall not disclose any Confidential Information without first giving the Company notice of intention to make that disclosure and an opportunity to interpose an objection to the disclosure. During the term of this Agreement and for a period of one (1) year after termination of Dee’s employment following a Change in ControlXxxxxxx’x employment, Dee Holeman shall not, directly or indirectly as an employee, officer, director, trustee, consultant, partner, member or shareholder (other than as a passive shareholder of less than 1% of the outstanding stock of a publicly-traded company), have any interest in or perform any services in respect of any property that meets the Company’s publicly-stated definition of a Community Centered Property within a five (5) mile radius of any property then-owned by the Company.

Appears in 1 contract

Samples: Employment Agreement (Whitestone REIT)

Confidentiality; Non-Competition. Dee Xxxxxx acknowledges that the business in which the Company is engaged is competitive and that his employment with the Company has required and will require that he have access to and knowledge of confidential and proprietary information pertaining to the Company’s operations and its properties (“Confidential Information”). Dee Xxxxxx shall not, during the term of his employment hereunder or at any time thereafter, except in connection with the performance of services hereunder or in furtherance of the business of the Company, communicate, divulge, or disclose to any other person not a Trustee, officer, employee, or affiliate of, or not engaged to render services to or for, the Company or use for his own benefit or purposes any Confidential Information that he has obtained from the Company during the term of his Employment under this Agreement, except that this provision shall not preclude Dee Xxxxxx from communication or use of Confidential Information made known generally to the public by any party unrelated to DeeXxxxxx, or from making any disclosure required by applicable law, rules, regulations, or court or governmental or regulatory authority order or decree provided that, if practicable, Dee Xxxxxx shall not disclose any Confidential Information without first giving the Company notice of intention to make that disclosure and an opportunity to interpose an objection to the disclosure. During the term of this Agreement and for a period of one (1) year after termination of Dee’s Xxxxxx’x employment following a Change in Control, Dee Xxxxxx shall not, directly or indirectly as an employee, officer, director, trustee, consultant, partner, member or shareholder (other than as a passive shareholder of less than 1% of the outstanding stock of a publicly-traded company), have any interest in or perform any services in respect of any property that meets the Company’s publicly-stated definition of a Community Centered Property within a five (5) mile radius of any property then-owned by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Whitestone REIT)

Confidentiality; Non-Competition. Dee Xxxxxxx acknowledges that the business in which the Company is engaged is competitive and that his employment with the Company has required and will require that he have access to and knowledge of confidential and proprietary information pertaining to the Company’s operations and its properties (“Confidential Information”). Dee Xxxxxxx shall not, during the term of his employment hereunder or at any time thereafter, except in connection with the performance of services hereunder or in furtherance of the business of the Company, communicate, divulge, or disclose to any other person not a Trustee, officer, employee, or affiliate of, or not engaged to render services to or for, the Company or use for his own benefit or purposes any Confidential Information that he has obtained from the Company during the term of his Employment under this Agreement, except that this provision shall not preclude Dee Xxxxxxx from communication or use of Confidential Information made known generally to the public by any party unrelated to DeeXxxxxxx, or from making any disclosure required by applicable law, rules, regulations, or court or governmental or regulatory authority order or decree provided that, if practicable, Dee Xxxxxxx shall not disclose any Confidential Information without first giving the Company notice of intention to make that disclosure and an opportunity to interpose an objection to the disclosure. During the term of this Agreement and for a period of one (1) year after termination of Dee’s Xxxxxxx’x employment following a Change in Control, Dee Xxxxxxx shall not, directly or indirectly as an employee, officer, director, trustee, consultant, partner, member or shareholder (other than as a passive shareholder of less than 1% of the outstanding stock of a publicly-traded company), have any interest in or perform any services in respect of any property that meets the Company’s publicly-stated definition of a Community Centered Property within a five (5) mile radius of any property then-owned by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Whitestone REIT)

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Confidentiality; Non-Competition. Dee Xxxxxxxxxx acknowledges that the business in which the Company is engaged is competitive and that his her employment with the Company has required and will require that he she have access to and knowledge of confidential and proprietary information pertaining to the Company’s operations and its properties (“Confidential Information”). Dee Xxxxxxxxxx shall not, during the term of his her employment hereunder or at any time thereafter, except in connection with the performance of services hereunder or in furtherance of the business of the Company, communicate, divulge, or disclose to any other person not a Trustee, officer, employee, or affiliate of, or not engaged to render services to or for, the Company or use for his her own benefit or purposes any Confidential Information that he she has obtained from the Company during the term of his her Employment under this Agreement, except that this provision shall not preclude Dee Xxxxxxxxxx from communication or use of Confidential Information made known generally to the public by any party unrelated to DeeXxxxxxxxxx, or from making any disclosure required by applicable law, rules, regulations, or court or governmental or regulatory authority order or decree provided that, if practicable, Dee Xxxxxxxxxx shall not disclose any Confidential Information without first giving the Company notice of intention to make that disclosure and an opportunity to interpose an objection to the disclosure. During the term of this Agreement and for a period of one (1) year after termination of Dee’s Xxxxxxxxxx’x employment following a Change in Control, Dee Xxxxxxxxxx shall not, directly or indirectly as an employee, officer, director, trustee, consultant, partner, member or shareholder (other than as a passive shareholder of less than 1% of the outstanding stock of a publicly-traded company), have any interest in or perform any services in respect of any property that meets the Company’s publicly-stated definition of a Community Centered Property within a five (5) mile radius of any property then-owned by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Whitestone REIT)

Confidentiality; Non-Competition. Dee Xxxxxxxxxx acknowledges that the business in which the Company is engaged is competitive and that his employment with the Company has required and will require that he have access to and knowledge of confidential and proprietary information pertaining to the Company’s operations and its properties (“Confidential Information”). Dee Xxxxxxxxxx shall not, during the term of his employment hereunder or at any time thereafter, except in connection with the performance of services hereunder or in furtherance of the business of the Company, communicate, divulge, or disclose to any other person not a Trusteetrustee, officer, employee, or affiliate of, or not engaged to render services to or for, the Company or use for his own benefit or purposes any Confidential Information that he has obtained from the Company during the term of his Employment under this Agreement, except that this provision shall not preclude Dee Xxxxxxxxxx from communication or use of Confidential Information made known generally to the public by any party unrelated to DeeXxxxxxxxxx, or from making any disclosure required by applicable law, rules, regulations, or court or governmental or regulatory authority order or decree provided that, if practicable, Dee Xxxxxxxxxx shall not disclose any Confidential Information without first giving the Company notice of intention to make that disclosure and an opportunity to interpose an objection to the disclosure. During the term of this Agreement and for a period of one (1) year after termination of Dee’s employment following a Change in ControlXxxxxxxxxx’x employment, Dee Xxxxxxxxxx shall not, directly or indirectly as an employee, officer, director, trustee, consultant, partner, member or shareholder (other than as a passive shareholder of less than 1% of the outstanding stock of a publicly-traded company), have any interest in or perform any services in respect of any property that meets the Company’s publicly-stated definition of a Community Centered Property within a five (5) mile radius of any property then-owned by the Company.

Appears in 1 contract

Samples: Employment Agreement (Whitestone REIT)

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