Common use of Restriction on Use Clause in Contracts

Restriction on Use. Director recognizes and acknowledges that Director will have access to Confidential Information (as defined below) relating to the business or interest of the Company or of persons with whom the Company may have business relationships. Except as permitted herein or as may be approved by the Company from time to time, the Director will not during the Term of this Agreement or at any time thereafter, use, disclose or permit to be known by any other person or entity, any Confidential Information of the Company (except as required by applicable law or in connection with the performance of the Director’s duties and responsibilities hereunder). If Director is requested or becomes legally compelled to disclose any of the Confidential Information, Director will give prompt notice of such request or legal compulsion to the Company. The Company may waive compliance with this section 4 or will provide Director with legal counsel at no cost to Director to seek an appropriate remedy.

Appears in 3 contracts

Samples: Board of Directors (Modular Medical, Inc.), Board of Directors (Modular Medical, Inc.), Board of Directors (Modular Medical, Inc.)

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Restriction on Use. Director recognizes and acknowledges that Director he will have access to Confidential Information (as defined below) relating to the business or interest of the Company or of persons with whom the Company may have business relationships. Except as permitted herein or as may be approved by the Company from time to time, the Director will not during the Term of this Agreement or at any time thereafter, use, disclose or permit to be known by any other person or entity, any Confidential Information of the Company (except as required by applicable law or in connection with the performance of the Director’s duties and responsibilities hereunder). If Director is requested or becomes legally compelled to disclose any of the Confidential Information, Director he will give prompt notice of such request or legal compulsion to the Company. The Company may waive compliance with this section 4 or will provide Director with legal counsel at no cost to Director to seek an appropriate remedy.

Appears in 3 contracts

Samples: Board of Directors (Helix Wind, Corp.), Service and Indemnification Agreement (Clearview Acquisitions, Inc.), Service and Indemnification Agreement (Clearview Acquisitions, Inc.)

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