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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 C
