Back to top

CONFIDENTIALITY AND LOYALTY AGREEMENT

Confidentiality Agreement

CONFIDENTIALITY AND LOYALTY AGREEMENT | Document Parties: OSHKOSH TRUCK CORP | CHARLES L. SZEWS You are currently viewing:
This Confidentiality Agreement involves

OSHKOSH TRUCK CORP | CHARLES L. SZEWS

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: CONFIDENTIALITY AND LOYALTY AGREEMENT
Date: 3/26/2007
Industry: Auto and Truck Manufacturers     Sector: Consumer Cyclical

CONFIDENTIALITY AND LOYALTY AGREEMENT, Parties: oshkosh truck corp , charles l. szews
50 of the Top 250 law firms use our Products every day

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:

 

    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.



 

    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.









 

    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.



 

    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.



 

    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.



 

    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.





2





 

    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.



    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


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more