Exhibit 10.5
SECURE COMPUTING
CORPORATION
MARY K. BUDGE
EMPLOYMENT, CONFIDENTIAL
INFORMATION,
AND ARBITRATION
AGREEMENT
As a condition of my employment with
SECURE COMPUTING CORPORATION, its subsidiaries, affiliates,
successors or assigns (together the “Company”), and in
consideration of my employment with the Company and my receipt of
the compensation now and hereafter paid to me by Company, I agree
to the following:
1.
At-Will Employment . I UNDERSTAND AND ACKNOWLEDGE
THAT MY EMPLOYMENT WITH THE COMPANY IS FOR AN UNSPECIFIED DURATION
AND CONSTITUTES “AT-WILL” EMPLOYMENT. I ALSO UNDERSTAND
THAT ANY REPRESENTATION TO THE CONTRARY IS UNAUTHORIZED AND NOT
VALID UNLESS OBTAINED IN WRITING AND SIGNED BY THE CHIEF EXECUTIVE
OFFICER OF THE COMPANY. I ACKNOWLEDGE THAT THIS EMPLOYMENT
RELATIONSHIP MAY BE TERMINATED AT ANY TIME, WITH OR WITHOUT GOOD
CAUSE OR FOR ANY OR NO CAUSE, AT THE OPTION EITHER OF THE COMPANY
OR MYSELF, WITH OR WITHOUT NOTICE.
2.
Confidential Information .
(a)
Company Information . I agree at all times during the
term of my employment and thereafter, to hold in strictest
confidence, and not to use or disclose, except for the benefit of
the Company, to any person, firm or corporation without written
authorization of the Chief Executive Officer of the Company, any
Confidential Information of the Company. I understand that
“Confidential Information” means any Company
proprietary information, technical data, trade secrets or know-how,
including, but not limited to, research, product plans, products,
services, customer lists and customers (including, but not limited
to, customers of the Company on whom I called or with whom I became
acquainted during the term of my employment), markets, software,
developments, inventions, processes, formulas, technology, designs,
drawings, engineering data, hardware configuration information,
marketing, financial or other business information disclosed to me
by the Company either directly or indirectly in writing, orally or
by drawings or observation of parts or equipment. I further
understand that Confidential Information does not include any of
the foregoing items which has become publicly known and made
generally available through no wrongful act of mine or of others
who were under confidentiality obligations as to the item or items
involved or improvements or new versions thereof.
(b)
Former
Employer Information . I agree that I will not, during my
employment with the Company, improperly use or disclose any
proprietary information or trade secrets of any former or
concurrent employer or other person or entity and that I will not
bring onto the premises of the Company any unpublished document or
proprietary information belonging to any such employer, person or
entity unless consented to in writing by such employer, person or
entity.
(c)
Third Party
Information . I recognize that the Company has received and
in the future will receive from third parties their confidential or
proprietary information subject to a duty on the Company’s
part to maintain the confidentiality of such information and to use
it only for certain limited purposes. I agr