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EXHIBIT 10.16 CONFIDENTIALITY/INTELLECTUAL PROPERTY RESTRICTIONS AND NON-COMPETE

Confidentiality Agreement

EXHIBIT 10.16 CONFIDENTIALITY/INTELLECTUAL PROPERTY RESTRICTIONS AND NON-COMPETE You are currently viewing:
This Confidentiality Agreement involves

CONCORD CAMERA CORP

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Title: EXHIBIT 10.16 CONFIDENTIALITY/INTELLECTUAL PROPERTY RESTRICTIONS AND NON-COMPETE
Date: 11/29/2005
Industry: PHOTOG     Sector: CYCLIC

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                                                                   EXHIBIT 10.16

 

 

             CONFIDENTIALITY/INTELLECTUAL PROPERTY RESTRICTIONS AND

                                   NON-COMPETE

 

 

I.   CONFIDENTIALITY/INTELLECTUAL PROPERTY RESTRICTIONS

 

     1. During Employee's employment and at all times thereafter, Employee

     agrees to keep in the strictest confidence, agrees to refrain from

     disclosing or divulging to any person, firm or corporation, and agrees to

     refrain from using directly or indirectly, for his or her benefit or for

     the benefit of others, any information which is or ought to be treated as

     Confidential Information. Employee agrees that, except as directed by the

     Company, the Employee will not at any time, whether during or after his or

     her employment with the Company, disclose to any person any Confidential

     Information, or permit any person to examine and/or make copies of any

     documents or other tangible items which contain or are derived from

     Confidential Information, whether prepared by the Employee or otherwise

     coming into the Employee's possession or control. Said documents may be in

     either human or computer readable form, including, but not limited to

     software, source code, hex code, or an other form. Employee further

     acknowledges and agrees that a document or other tangible item need not be

     expressly marked or designated as "Confidential" in order for it to be

     considered Confidential Information and the Employee agrees to use his or

     her best judgment in this regard and to proceed on the assumption that all

     information to which he or she is exposed by virtue of his or her

     employment, whether directly from the Company or not, is to be considered

     Confidential Information of the Company. Notwithstanding the provisions

     contained herein, Employee may disclose Confidential Information: (a) in

     the course of carrying out his or her duties as an employee, provided that

     such disclosures are made in accordance with Company policy as currently in

     effect at the time of the disclosure; or (b) when required to do so by a

     court of law, by any governmental agency having supervisory authority over

     the business of the Company or by any administrative or legislative body

     (including a committee thereof) with apparent jurisdiction to order

     Employee to divulge, disclose or make accessible such information. If any

     such body described herein requests the Employee to reveal or make

     accessible much information, the Employee must promptly provide Concord

     Camera Corp.'s Chief Executive Officer with written notice of the request

     so that the Company may exhaust its rights before any court or

     administrative tribunal to prohibit disclosure.

 

     2. As used herein, the term "Confidential Information" includes, but is not

     limited to, all information relating to: (A) the Company's business affairs

     and operations (unless otherwise available as public information due to no

     fault of Employee), including but not limited to, (i) vendors, suppliers

     and customers of the Company (including mailing lists, credit card or

     charge card numbers, price and mark-up determinations, sales or sales

     trends, and costs of products or services paid by the Company),(ii) Company

     budgets, business plans and marketing plans, and (iii) any proprietary

     products or processes or any other confidential or non-public information

     or material concerning the copyrights, trademarks, trade names, service

     marks, inventions, patents, products, suppliers or customers of the

     Company; and (B) all confidential information relating to any third party

     with whom the Company is under an obligation of confidentiality.

 

                                      -1-

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     3. In connection with the Employee's obligations: (a) the Employee shall

     keep all papers and other tangible items relating to the Company and its

     products and processes and the Employee's responsibilities and duties

     herein at the principal place of business of the Company or at such other

     place as may be designated by the Company from time to time, and (b) upon

     the termination of his or her employment, Employee will deliver to the

     Company all documents, papers, records, files, recordings, digital and

     electronic stored information, computer or word processing software and

     other material containing Confidential Information, and will retain no

     copy, duplicate, summary or description thereof.

 

     4. All copyrights, trademarks, trade names, service marks, inventions,

     processes and intangible or intellectual property rights that may be

     invented, conceived, developed or enhanced by the Employee during the term

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