CONFIDENTIALITY AND LOYALTY
AGREEMENT
AGREEMENT
made as of the 20th day of March, 2007, between OSHKOSH TRUCK
CORPORATION, a Wisconsin corporation (together with its successors,
assigns and Affiliates, the “Company”), and CHARLES L.
SZEWS (“Executive”).
WHEREAS,
the Company has enjoyed a period of notable business success and
growth; and
WHEREAS,
the Company’s growth and success have attracted attention of
other companies and businesses seeking to obtain for themselves or
their clients some of the Company’s business acumen and
know-how; and
WHEREAS,
the Company has shared with Executive certain aspects of its
business acumen and know-how as well as specific confidential and
proprietary information about the products, markets, manufacturing
processes, costs, developments, ideas, and personnel of the
Company; and
WHEREAS,
the Company has imbued Executive with certain aspects of the
goodwill that the Company has developed with its customers,
distributors, representatives and employees, and with federal,
state, local and foreign governmental entities; and
WHEREAS,
as consideration for entering into this Agreement, the Company is
extending to Executive the opportunity to enter into an Employment
Agreement (the “Employment Agreement”);
NOW,
THEREFORE, in consideration of the foregoing, and of the respective
covenants and agreements of the parties set forth in this Agreement
and the Employment Agreement, the parties hereto agree as
follows:
1.
Definitions . As used in this Agreement, the following terms
have the meanings indicated:
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a.
“Affiliate”
shall mean any subsidiary or other person that, directly or
indirectly through one or more intermediaries, controls, is
controlled by or is under common control with Oshkosh Truck
Corporation, whether now existing or hereafter formed or acquired,
by which Executive has been, is now or is hereafter employed. For
purposes hereof, “control” means the power to vote or
direct the voting of sufficient securities or other interests to
elect one-third of the directors or managers or to control the
management of such subsidiary or other entity.
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b.
“Company
Employment” means the time (including time prior to the date
hereof) during which Executive is employed by any entity comprised
within the definition of “Company”, regardless of any
change in the entity actually employing Executive.
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c.
“Competitive
Business” means any corporation, partnership, association, or
other person or entity, including but not limited to Executive, (i)
which competes directly, or is planning to compete directly and
Executive is on notice of that fact, with the Company with respect
to the design, development, manufacture, remanufacture, assembly,
marketing, sales, or service of any specialty trucks, truck bodies
or concrete batch plants for defense, fire, emergency, homeland
security, wrecker, vehicle recovery, concrete placement or refuse
hauling applications, aerial work platforms, telehandlers and
scissor lifts, or any other business of the Company that at any
time within eighteen (18) months prior to termination of
Executive’s Company Employment was either: (A) within
Executive’s management, operational, marketing, purchasing or
sales responsibility, including the responsibility of personnel
reporting directly to Executive, or (B) a business about which
Executive received any Confidential Information or Trade Secrets,
and (ii) which engages or plans to engage in such competition in
any country of the World in which the Company sold or distributed,
or actively attempted to sell or to distribute, such products
within eighteen (18) months prior to termination of
Executive’s Company Employment.
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d.
“Confidential
Information” means information related to the Company’s
business, not generally known in the trade or industry, which
Executive learns or creates during the period of Executive’s
Company Employment, which may include but is not limited to product
specifications, manufacturing procedures, methods, equipment,
compositions, technology, formulas, know-how, research and
development programs, sales methods, customer lists, customer
usages and requirements, computer programs and other confidential
technical or business information and data. Confidential
Information shall not include any information which is (i) readily
available to the general public from a source other than Executive,
(ii) released in writing by the Company to the general public or
(iii) obtained by Executive, other than in his capacity as an
officer or employee of the Company and without using any
information or contacts that he first acquired in his capacity as
an officer or employee of the Company, from a third party not under
a similar obligation of confidentiality to the Company.
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e.
“Goodwill”
means any tendency of customers, distributors, representatives,
employees, or federal, state, local or foreign governmental
entities to continue or renew any valuable business relationship
with the Company or any Competitive Business with which Executive
may be associated, based in whole or in part on past successful
relationships with the Company or the lawful efforts of the Company
to foster such relationships, and in which Executive, or any
personnel reporting directly to Executive, actively participated at
any time within eighteen (18) months prior to termination of
Executive’s Company Employment.
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f.
“Inventions”
means designs, discoveries, improvements and ideas, whether or not
patentable, including, without limitation upon the generality of
the foregoing, novel or improved products, processes, machines,
promotional and advertising materials, business data processing
programs and systems, and other manufacturing and sales techniques,
which either (i) relate to (A) the business of the Company or (B)
the Company’s actual or demonstrably anticipated research or
development, or (ii) result from any work performed by Executive
for the Company.
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g.
“Trade
Secret(s)” means information, including a formula, pattern,
compilation, program, device, method, technique or process, that
derives independent economic value, actual or potential, from not
being generally known to, and not being readily ascertainable by
proper means by, other persons who can obtain economic value from
its disclosure or use, and that is the subject of efforts to
maintain its secrecy that are reasonable under the circumstances.
Trade Secret(s) shall not include any information which is (i)
readily available to the general public from a source other than
Executive, (ii) released in writing by the Company to the general
public or (iii) obtained by Executive, other than in his capacity
as an officer or employee of the Company and without using any
information or contacts that he first acquired in his capacity as
an officer or employee of the Company, from a third party not under
a similar obligation of confidentiality to the Company.
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2.
Employment . During Executive’s Company Employment,
Executive shall comply with his obligations under the Employment
Agreement. Except as may be otherwise expressly provided in any
written agreement between the Company and Executive other than this
Agreement, Executive’s Company Employment is terminable by
either party at will.
3.
Disclosure and Assignment of Inventions . Executive agrees
to disclose to the Company and to assign to the Company, and hereby
does assign to the Company, all of Executive’s rights in any
Inventions conceived or reduced to practice at any time during
Executive’s Company Employment, either solely or jointly with
others and whether or not developed on Executive’s own time
or with the Company’s resources. Executive agrees that
Inventi
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