Common use of Confidentiality/Nondisclosure Clause in Contracts

Confidentiality/Nondisclosure. Executive acknowledges that the information, observations and data obtained by Executive while employed by the Corporation concerning the business, customers or affairs of the Corporation (“Confidential Information”) are the property of the Corporation and that the protection of such information is of vital importance to the Corporation’s business. Executive covenants and agrees that Executive shall not, directly or indirectly, at any time disclose to any unauthorized person or third party, or use for Executive’s own purposes any Confidential Information without the proper written consent of the Corporation, other than in connection with the usual conduct of the business of the Corporation. Such Confidential Information shall expressly include, but shall not be limited to, information concerning the Corporation’s trade secrets, business operations, business records, customer lists or other customer information. Upon termination of employment, the Executive shall deliver to the Corporation all property in his possession which belongs to the Corporation including all originals and copies of documents, forms, records or other information, in whatever form it may exist, concerning the Corporation or its business, customers, products or services. In construing this provision it is agreed that it shall be interpreted broadly so as to provide the Corporation with the maximum protection. This Section 8 shall not be applicable to any Confidential Information which (i) has become generally known to and available for use by the public other than as a result of Executive’s acts or omissions or (ii) which Executive is required to disclose pursuant to an order of a court of competent jurisdiction; provided that prior to making such disclosure Executive provides a copy of such order and the proposed disclosure to the Corporation and allows the Corporation reasonable opportunity to comment on the proposed disclosure.

Appears in 3 contracts

Samples: Employment Agreement (Community Bankers Trust CORP), Employment Agreement (Community Bankers Trust CORP), Employment Agreement (Community Bankers Trust CORP)

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Confidentiality/Nondisclosure. Executive acknowledges covenants and agrees that the information, observations any and data obtained by Executive while employed by the Corporation all information concerning the business, services, customers or affairs of the Corporation and Bank (“Confidential Information”) are of which he has knowledge or access as a result of his association and employment with the Bank in any capacity shall be deemed confidential in nature and the property of the Corporation and that the protection of such information is of Bank, vital importance to the Corporation’s business. Executive covenants their businesses, and agrees that Executive shall not, without the proper written consent of the Corporation or Bank, directly or indirectly, at any time disclose be used, disseminated, disclosed or published by the Executive to any unauthorized person or third party, or use for Executive’s own purposes any Confidential Information without the proper written consent of the Corporation, parties other than in connection with the usual conduct of the business of the CorporationCorporation or Bank. Such Confidential Information shall expressly include, but shall not be limited to, information concerning the Corporation’s and Bank’s trade secrets, business operations, business records, customer lists or other customer information. Upon termination of employment, the Executive shall deliver to the Corporation Bank all property in his possession which belongs to the Corporation or Bank including all originals and copies of documents, forms, records or other information, in whatever form it may exist, concerning the Corporation or its Bank or their business, customers, products or services. In construing this provision it is agreed that it shall be interpreted broadly so as to provide the Corporation and Bank with the maximum protection. This Section 8 shall not be applicable to any Confidential Information which (i) has become generally known to and available for use by the public other than as a result of Executive’s acts or omissions or (ii) which Executive is required to disclose pursuant to an order of a court of competent jurisdiction; provided that prior to making such disclosure Executive provides a copy of such order and the proposed disclosure to the Corporation and Bank and allows the Corporation and Bank reasonable opportunity to comment on the proposed disclosure.

Appears in 3 contracts

Samples: Employment Agreement (Bay Banks of Virginia Inc), Employment Agreement (Bay Banks of Virginia Inc), Employment Agreement (Bay Banks of Virginia Inc)

Confidentiality/Nondisclosure. The Executive acknowledges covenants and agrees that the information, observations any and data obtained by Executive while employed by the Corporation all information concerning the business, services, customers or affairs of the Corporation and its Affiliates (“Confidential Information”) are of which he has knowledge or access as a result of his association and employment with the Corporation and the Bank in any capacity shall be deemed confidential in nature and the property of the Corporation and that the protection of such information is of its Affiliates, vital importance to the Corporation’s business. Executive covenants their businesses, and agrees that Executive shall not, without the proper written consent of the Corporation and the Bank, directly or indirectly, at any time disclose be used, disseminated, disclosed or published by the Executive to any unauthorized person or third party, or use for Executive’s own purposes any Confidential Information without the proper written consent of the Corporation, parties other than in connection with the usual conduct of the business of the CorporationCorporation and the Bank. Such Confidential Information shall expressly include, but shall not be limited to, information concerning the Corporation’s trade secrets, business operations, business records, customer lists or other customer informationinformation of the Corporation and its Affiliates. Upon termination of employment, the Executive shall deliver to the Corporation or the Bank all property in his possession which belongs to the Corporation and its Affiliates including all originals and copies of documents, forms, records or other information, in whatever form it may exist, concerning the Corporation and its Affiliates or its businesstheir businesses, customers, products or services. In construing this provision it is agreed that it shall be interpreted broadly so as to provide the Corporation and its Affiliates with the maximum protection. This Section 8 shall not be applicable to any Confidential Information which (i) has become generally known to and available for use by the public other than as a result of the Executive’s acts or omissions or (ii) which the Executive is required to disclose pursuant to an order of a court of competent jurisdiction; provided that prior to making such disclosure the Executive provides a copy of such order and the proposed disclosure to the Corporation and the Bank and allows the Corporation and the Bank reasonable opportunity to comment on the proposed disclosure.

Appears in 1 contract

Samples: Employment Agreement (Bay Banks of Virginia Inc)

Confidentiality/Nondisclosure. Executive acknowledges covenants and agrees that the information, observations any and data obtained by Executive while employed by the Corporation all information concerning the business, services, customers or affairs of the Corporation and Bank (“Confidential Information”) are of which she has knowledge or access as a result of her association and employment with the Bank in any capacity shall be deemed confidential in nature and the property of the Corporation and that the protection of such information is of Bank, vital importance to the Corporation’s business. Executive covenants their businesses, and agrees that Executive shall not, without the proper written consent of the Corporation or Bank, directly or indirectly, at any time disclose be used, disseminated, disclosed or published by Executive to any unauthorized person or third party, or use for Executive’s own purposes any Confidential Information without the proper written consent of the Corporation, parties other than in connection with the usual conduct of the business of the CorporationCorporation or Bank. Such Confidential Information shall expressly include, but shall not be limited to, information concerning the Corporation’s and Bank’s trade secrets, business operations, business records, customer lists or other customer information. Upon termination of employment, the Executive shall deliver to the Corporation Bank all property in his her possession which belongs to the Corporation or Bank including all originals and copies of documents, forms, records or other information, in whatever form it may exist, concerning the Corporation or its Bank or their business, customers, products or services. In construing this provision it is agreed that it shall be interpreted broadly so as to provide the Corporation and Bank with the maximum protection. This Section 8 shall not be applicable to any Confidential Information which (i) has become generally known to and available for use by the public other than as a result of Executive’s acts or omissions or (ii) which Executive is required to disclose pursuant to an order of a court of competent jurisdiction; provided that prior to making such disclosure Executive provides a copy of such order and the proposed disclosure to the Corporation and Bank and allows the Corporation and Bank reasonable opportunity to comment on the proposed disclosure.

Appears in 1 contract

Samples: Employment Agreement (Bay Banks of Virginia Inc)

Confidentiality/Nondisclosure. Executive acknowledges covenants and agrees that the information, observations any and data obtained by Executive while employed by the Corporation all information concerning the business, services, customers or affairs of the Corporation and Bank (“Confidential Information”) are of which he has knowledge or access as a result of his association and employment with the Bank in any capacity shall be deemed confidential in nature and the property of the Corporation and that the protection of such information is of Bank, vital importance to the Corporation’s business. Executive covenants their businesses, and agrees that Executive shall not, without the proper written consent of the Corporation or Bank, directly or indirectly, at any time disclose be used, disseminated, disclosed or published by Executive to any unauthorized person or third party, or use for Executive’s own purposes any Confidential Information without the proper written consent of the Corporation, parties other than in connection with the usual conduct of the business of the CorporationCorporation or Bank. Such Confidential Information shall expressly include, but shall not be limited to, information concerning the Corporation’s and Bank’s trade secrets, business operations, business records, customer lists or other customer information. Upon termination of employment, the Executive shall deliver to the Corporation Bank all property in his possession which belongs to the Corporation or Bank including all originals and copies of documents, forms, records or other information, in whatever form it may exist, concerning the Corporation or its Bank or their business, customers, products or services. In construing this provision provision, it is agreed that it shall be interpreted broadly so as to provide the Corporation and Bank with the maximum protection. This Section 8 shall not be applicable to any Confidential Information which (i) has become generally known to and available for use by the public other than as a result of Executive’s acts or omissions or (ii) which Executive is required to disclose pursuant to an order of a court of competent jurisdiction; provided that prior to making such disclosure Executive provides a copy of such order and the proposed disclosure to the Corporation and Bank and allows the Corporation and Bank reasonable opportunity to comment on the proposed disclosure.

Appears in 1 contract

Samples: Employment Agreement (Bay Banks of Virginia Inc)

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Confidentiality/Nondisclosure. Executive acknowledges covenants and agrees that the information, observations any and data obtained by Executive while employed by the Corporation all information concerning the business, services, customers or affairs of the Corporation and Bank (“Confidential Information”) are of which he has knowledge or access as a result of his association and employment with the Bank in any capacity shall be deemed confidential in nature and the property of the Corporation and that the protection of such information is of Bank, vital importance to the Corporation’s business. Executive covenants their businesses, and agrees that Executive shall not, without the proper written consent of the Corporation or Bank, directly or indirectly, at any time disclose be used, disseminated, disclosed or published by the Executive to any unauthorized person or third party, or use for Executive’s own purposes any Confidential Information without the proper written consent of the Corporation, parties other than in connection with the usual conduct of the business of the CorporationCorporation or Bank. Such Confidential Information shall expressly include, but shall not be limited to, information concerning the Corporation’s and Bank’s trade secrets, business operations, business records, customer lists or other customer information. Upon termination of employment, the Executive shall deliver to the Corporation Bank all property in his possession which belongs to the Corporation or Bank including all originals and copies of documents, forms, records or other information, in whatever form it may exist, concerning the Corporation or its Bank or their business, customers, products or services. In construing this provision it is agreed that it shall be interpreted broadly so as to provide the Corporation and Bank with the maximum protection. This Section 8 shall not be applicable to any Confidential Information which (i) has become generally known to and available for use by the public other than as a result of Executive’s acts or omissions or (ii) which Executive is required to disclose pursuant to an order of a court of competent jurisdiction; provided that prior to making such disclosure Executive provides a copy of such order and the proposed disclosure to the Corporation and Bank and allows the Corporation and Bank reasonable opportunity to comment on the proposed disclosure. This Section 8 shall survive the expiration of the Term.

Appears in 1 contract

Samples: Employment Agreement (Bay Banks of Virginia Inc)

Confidentiality/Nondisclosure. Executive acknowledges covenants and agrees that the information, observations any and data obtained by Executive while employed by the Corporation all information concerning the business, services, customers or affairs of the Corporation and Bank (“Confidential Information”) are of which she has knowledge or access as a result of her association and employment with the Bank in any capacity shall be deemed confidential in nature and the property of the Corporation and that the protection of such information is of Bank, vital importance to the Corporation’s business. Executive covenants their businesses, and agrees that Executive shall not, without the proper written consent of the Corporation or Bank, directly or indirectly, at any time disclose be used, disseminated, disclosed or published by the Executive to any unauthorized person or third party, or use for Executive’s own purposes any Confidential Information without the proper written consent of the Corporation, parties other than in connection with the usual conduct of the business of the CorporationCorporation or Bank. Such Confidential Information shall expressly include, but shall not be limited to, information concerning the Corporation’s and Bank’s trade secrets, business operations, business records, customer lists or other customer information. Upon termination of employment, the Executive shall deliver to the Corporation Bank all property in his her possession which belongs to the Corporation or Bank including all originals and copies of documents, forms, records or other information, in whatever form it may exist, concerning the Corporation or its Bank or their business, customers, products or services. In construing this provision it is agreed that it shall be interpreted broadly so as to provide the Corporation and Bank with the maximum protection. This Section 8 shall not be applicable to any Confidential Information which (i) has become generally known to and available for use by the public other than as a result of Executive’s acts or omissions or (ii) which Executive is required to disclose pursuant to an order of a court of competent jurisdiction; provided that prior to making such disclosure Executive provides a copy of such order and the proposed disclosure to the Corporation and Bank and allows the Corporation and Bank reasonable opportunity to comment on the proposed disclosure.

Appears in 1 contract

Samples: Employment Agreement (Bay Banks of Virginia Inc)

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