|
CONFIDENTIALITY AND NON-COMPETITION AGREEMENT
1.
I acknowledge that by virtue of my employment with Caraco
Pharmaceutical Laboratories Ltd. (together with its subsidiaries
and affiliates, including Sun Pharmaceutical Industries Limited,
the “Company”), I may acquire or become privy to
certain information (the “Confidential Information”),
which the Company desires to maintain secret and confidential. I
shall not, without the prior written consent of the Company, at any
time during my employment or thereafter, use or disclose, directly
or indirectly, any Confidential Information concerning the Company.
Confidential Information includes, but is not limited to all
non-public information concerning (i) the Company’s business
methods, plans, prospects, technical know-how, knowledge and
product candidates, credit policies, operations and manufacturing,
marketing and sales techniques, (ii) names, addresses and other
information, such as special needs, concerning the Company’s
customers and suppliers, (iii) use Company’s source of
leads and methods of obtaining new business, (iv) the
Company’s costs and methods of pricing, (v) the
Company’s financial statements or information concerning its
financial performance or condition and (vi) scientific,
pharmaceutical, medical research and/or information technology,
developments, techniques or designs which have been or are being
conducted by the Company or any of its subsidiaries, affiliates
and/or related entities. I further acknowledge that the
Confidential Information is a unique and valuable asset of the
Company, that this restriction is both reasonable and necessary for
the protection of the Company, and that any violation of this
restriction shall be construed strictly against me.
2.
I agree that for a period of two (2) years after the termination of
my employment by the Company or by me (for any reason or for no
reason at all), I shall not, either directly or indirectly solicit
any customer of the Company for business in competition with the
Company or solicit for employment any other employee of the
Company, whether for my own account or for the account of any other
person or employer.
3.
I recognize the importance of the Confidential Information to the
Company and unless utilizing this information is for the benefit of
the company as an employee, hereby agree that, without the prior
written consent of the Board of Directors, I will not copy,
summarize or otherwise make any extract of such Confidential
Information or take or remove any Confidential Information from the
Company’s business premises. I further recognize and agree
that any intentional material violation and failure to cure the
terms of this Confidentiality and Non-Competi
|
