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EXHIBIT 10.21
NONDISCLOSURE AGREEMENT
Capella Education Employee ("Capella") and ______________
("Employee")
enter into this NONDISCLOSURE AGREEMENT (the "Agreement")
effective
_______________ upon the following terms and conditions:
1. PURPOSE OF AGREEMENT. Capella desires to disclose to the
Employee,
today and in the future, details about Capella's financing plans
(the
"Project"). These disclosures by Capella are made so that the
Employee can
properly perform the duties of his or her position. The parties
recognize that,
in the course of disclosures relating to the Project, Capella
will disclose to
Employee information that Capella considers to be confidential
information.
Accordingly, Capella and Employee enter into this Agreement
regarding their
rights and responsibilities with respect to such
information.
2. DESIGNATION OF CONFIDENTIAL INFORMATION. For purposes of
this
Agreement, "Confidential Information" means any information
provided by Capella
to Employee related to Capella's financing arrangements, however
manifested or
communicated, that (a) Capella designates in writing as
"Confidential
Information," (b) Capella otherwise notifies Employee that the
information is
confidential, proprietary, or trade secret information of
Capella, or (c)
Employee understands or should understand reasonably is
Confidential Information
of Ca
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