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Extract to table / piia-executive-tier-redline.docx
piia-executive-tier-redline.docx
Parties
Executive Tier Lumos Analytics Inc
Lumos Analytics Inc
Dates
May 29, 2024
Amounts
Obligations
" RECITALS WHEREAS, the Company is engaged in the business of developing and providing to enterprise and governmental clients, and the Company's business depends upon the protection of its proprietary information, intellectual property, trade secrets, and related confidential business information; WHEREAS, Employee is or will be employed by the Company in , and in that capacity Employee will have access to and will develop, contribute to, and be entrusted with the Company's most sensitive and valuable Confidential Information, trade secrets, and intellectual property; WHEREAS, this Agreement supersedes any prior proprietary information agreement, invention assignment agreement, restrictive covenant agreement, or similar agreement previously entered into between Employee and the Company, whether written or oral, relating to the subject matter hereof; NOW, THEREFORE, in consideration of Employee's employment or continued employment with the Company, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the Parties, the Parties hereby agree as follows: SECTION 1: DEFINITIONS As used in this Agreement, the following terms shall have the meanings set forth below
Capitalized terms used but not defined in this Section 1 shall have the meanings ascribed to them elsewhere in this Agreement
Employee agrees to hold all Confidential Information in strict confidence and trust for the sole benefit of the Company
Employee shall not use any Confidential Information for any purpose other than the faithful and diligent performance of Employee's duties and responsibilities for the Company
Employee shall cooperate with the Company, at the Company's expense, in the Company's efforts to obtain such protective relief
If such protective order or other remedy is not obtained, Employee shall disclose only that portion of the Confidential Information that is legally required to be disclosed, and shall use commercially reasonable efforts to ensure that confidential treatment is accorded to such information