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Exhibit 4.2  

[Face
of Note] 

 
 

FIRST DATA CORPORATION    
    
    4.70% Notes due 2013    
    

	CUSIP No. 319963 AH 7	 	 
	

Registered No. R-1	
 	

Principal Amount: $500,000,000

        UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO., OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

        THIS
NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY DTC OR BY A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR OF DTC OR A NOMINEE
OF SUCH SUCCESSOR. 

        FIRST
DATA CORPORATION, a corporation duly organized and existing under the laws of Delaware (herein called the "Company," which term includes any successor corporation under the
Indenture referred to on the reverse hereof), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of $500,000,000 (Five Hundred Million Dollars)
on August 1, 2013, and to pay interest thereon from and including July 30, 2003 or from and including the most recent Interest Payment Date (as hereinafter defined) to which interest has
been paid or duly provided for, as the case may be. 

        Interest
will be paid semi-annually on February 1 and August 1 of each year (each, an "Interest Payment Date"), commencing February 1, 2004, at the rate
of 4.70% per annum, until the principal hereof is paid or made available for payment. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in
the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall
be the January 15 or July 15, as the case may be, immediately preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest not so punctually
paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid (i) to the Person in whose name this Note (or one or more
predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof is to be given to Holders of
Notes not less than 10 calendar days prior to such Special Record Date, or (ii) in any other lawful manner not inconsistent with the requirements of any securities exchange on which the
Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

        Payment
of the principal of and interest on this Note will be made at the offices or agencies of the Company maintained for such purpose in the Borough of Manhattan, The City of
New York and Minneapolis, Minnesota in Dollars; provided, that interest on this Note will be paid by check mailed to the address of the Person
entitled thereto as such address shall appear in the Security Register or, at the option of the Company, by wire transfer to an account designated by such Person in a bank located in the United
States. 

 

        Notwithstanding
the foregoing, while the Notes are represented by one or more Global Notes registered in the name of the U.S. Depositary or its nominee, the Company will cause payments
of principal and interest on such Global Notes to be made to the U.S. Depositary or its nominee, as the case may be, by wire transfer to the extent, in the funds and in the manner required by
agreements with, or regulations or procedures prescribed from time to time by, the U.S. Depositary or its nominee, and otherwise in accordance with such agreements, regulations and procedures. 

        REFERENCE
IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT
THIS PLACE. 

        Unless
the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof, or its successor as Trustee, or its Authenticating Agent, by manual
signature of an authorized signatory, this Note will not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

        IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal. 

Dated:
July 30, 2003 

	

 	
 	

FIRST DATA CORPORATION
	

 	
 	

By:	
 	

	 	 	Its:	 	 
	 	 	 	 	

	

 	
 	

Attest:	
 	

 
	 	 	 	 	

	 	 	Its:	 	 
	 	 	 	 	

	

TRUSTEE'S CERTIFICATE OF AUTHENTICATION	
 	

 
	

This is one of the series of Debt Securities issued under the within-mentioned Indenture.	
 	

 
	

WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, as Trustee	
 	

 
	

By:	
 	

 Authorized Officer	
 	

 

2

 
[Reverse
of Note] 

FIRST DATA CORPORATION  

 4.70% Notes due 2013  

        SECTION
1.    General.    This Note is one of a duly authorized series of Debt Securities of the Company
designated as its 4.70% Notes due 2013 (herein called the "Notes"), limited in aggregate principal amount to $500,000,000 subject to the provisions of the next paragraph, issued under an Indenture
dated as of March 26, 1993, as supplemented by the 2003 Supplemental Indenture dated as of June 9, 2003 (as so supplemented, the "Indenture"), between the Company and Wells Fargo Bank
Minnesota, National Association, as Trustee (herein called the "Trustee," which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto
reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of
the Company, the Trustee and the Holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. 

        The
Company may, without the consent of the Holders, increase the principal amount of the Notes of this series by issuing additional Notes of the same series in the future on the same
terms and conditions, except for any differences in the issue price and interest accrued prior to the issue date of the additional Notes and with the same CUSIP number as the Notes represented hereby.
The Notes represented hereby and any additional Notes of the same series shall rank equally and ratably and shall be treated as a single series for all purposes under the Indenture. 

        SECTION
2.    Interest and Payments.    This Note will bear interest at the rate specified on the face hereof.
Interest on this Note will be payable on the Interest Payment Date or Interest Payment Dates as specified on the face hereof and, in either case, at Maturity. Payments on this Note with
respect to any Interest Payment Date or Maturity will include interest accrued from and including the Original Issue Date, or from and including the most recent Interest Payment Date to which interest
has been paid or duly provided for, to but excluding such Interest Payment Date or Maturity. Interest on this Note will be computed and paid on the basis of a 360-day year of twelve
30-day months. 

        If
an Interest Payment Date or Maturity for this Note falls on a day that is not a Business Day, payment of principal and interest to be made on such day with respect to this
Note will be made on the next day that is a Business Day with the same force and effect as if made on the due date, and no additional interest will be payable on the date of payment for the
period from and after the due date as a result of such delayed payment. 

        SECTION
3.    Redemption. Optional Redemption.    The Notes will be redeemable, in whole at any time or in part from
time to time, at the Company's option at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed, and (ii) as determined by the Quotation
Agent (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the
date of redemption), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate
(as defined below), plus 15 basis points, plus accrued interest thereon to the date of redemption. 

        "Treasury
Rate" means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. 

        "Comparable
Treasury Issue" means the United States Treasury security selected by the Quotation Agent as having a maturity comparable to the remaining term of the Notes to be redeemed
that would 

3

 

be
utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such
Notes. 

        "Comparable
Treasury Price" means, with respect to any redemption date, (i) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the
highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 

        "Quotation
Agent" means the Reference Treasury Dealer appointed by the Company. 

        "Reference
Treasury Dealer" means (i) each of Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated
and one other Primary Treasury Dealer (as defined below) selected by the Company, and their respective successors; provided,  however, that if any of the
foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a "Primary Treasury Dealer"), the
Company will substitute therefor another Primary Treasury Dealer, and (ii) any other Primary Treasury Dealer selected by the Company. 

        "Reference
Treasury Dealer Quotations" means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Company, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New
York City time, on the third business day preceding such redemption date. 

        Notice
of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each holder of the Notes to be redeemed. Unless the Company
defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the Notes or portions thereof called for redemption. 

        SECTION
4.    Paying Agent and Security Registrar.    Initially, Wells Fargo Bank Minnesota, National Association will
act as Principal Paying Agent and Security Registrar. The Company may appoint and change any Paying Agent or Security Registrar without notice, other than notice to the Trustee;  provided, that the
Company will maintain at least one Paying Agent in the Borough of Manhattan, City of New York, State of New York, which shall
initially be an office or agency of the Trustee. The
Company or any of its Subsidiaries or any of their Affiliates may act as Paying Agent or Security Registrar. 

        SECTION
5.    Sinking Fund.    This Note is not subject to a sinking fund. 

        SECTION
6.    Events of Default.    If any Event of Default with respect to the Notes shall occur and be continuing,
the principal of all of the Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 

        SECTION
7.    Modification or Waiver; Obligation of the Company Absolute.    The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Debt Securities of each series to be
affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than a majority in principal amount of the Outstanding Debt Securities of each
series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Outstanding Debt Securities of each series, on behalf of the
Holders of all Debt Securities of such series, to waive, with respect to the Debt Securities of such series, compliance by the Company with certain provisions of the Indenture and certain past
defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note will be conclusive and binding upon such Holder and upon all future Holders of this
Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this
Note or any such other Note. 

4

 

        No
reference herein to the Indenture and no provision of this Note or of the Indenture will alter or impair the obligations of the Company, which are absolute and unconditional,
to pay the principal of and interest on this Note at the times, places and rates herein prescribed in accordance with the Indenture. 

        SECTION
8.    Discharge, Legal Defeasance and Covenant Defeasance.    The provisions contained in the Indenture
relating to defeasance at any time of (i) the entire indebtedness of the Company on this Note and (ii) certain restrictive covenants and the related Events of Default upon compliance by
the Company, with certain conditions specified therein, will apply to this Note. 

        SECTION
9.    Authorized Denominations.    The Notes are issuable only in global or certificated registered form,
without coupons, in denominations of $1,000 and integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein specified and to the limitations
described below, if applicable, the Notes are exchangeable for a like aggregate principal amount of
Notes with a like Stated Maturity and with like terms and conditions of a different authorized denomination, as requested by the Holder surrendering the same. 

        SECTION
10.    Registration of Transfer.    As provided in the Indenture and subject to certain limitations therein
specified and to the limitations described below, if applicable, the transfer of this Note is registerable in the Security Register upon surrender of this Note for registration of
transfer at the office or agency of the Company maintained for that purpose (which will initially be the Trustee at its office or agency located in the Borough of Manhattan, The City of New York and
at its office located in Minneapolis, Minnesota, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by
the Holder hereof or the Holder's attorney duly authorized in writing, and thereupon one or more new Notes with a like Stated Maturity, of authorized denominations and for the same aggregate principal
amount, will be issued to the designated transferee or transferees. 

        This
Note is exchangeable for certificated Notes only upon the terms and conditions provided in the Indenture. Except as provided in the Indenture, owners of beneficial interests
in this Global Note will not be entitled to receive physical delivery of Notes in certificated registered form and will not be considered the Holders thereof for any purpose under the
Indenture. 

        No
service charge will be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith. 

        SECTION
11.    Owners.    Prior to due presentment of this Note for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue and
notwithstanding any notation of ownership or other writing hereon, and none of the Company, the Trustee or any such agent will be affected by notice to the contrary. 

        SECTION
12.    Governing Law.    This Note will be governed by and construed in accordance with the laws of the
State of New York. 

        SECTION
13.    Defined Terms.    All terms used in this Note which are defined in the Indenture will have the
meanings assigned to them in the Indenture unless otherwise defined herein; and all references in the Indenture to "Debt Security" or "Debt Securities" will be deemed to include the Notes. 

5

 

ABBREVIATIONS  

        The following abbreviations, when used in the inscription on the face of this instrument, will be construed as though they were written out in full according to
applicable laws or regulations: 

TEN
COM—as tenants in common

TEN ENT—as tenants by the entireties

JT TEN—as joint tenants with right of survivorship and not as tenants in common 

	UNIF GIFT MIN ACT	 	
	 	Custodian	 	

	 	 	(Cust)	 	 	 	(Minor)
	 	 	Under Uniform Gifts to Minors Act

    
 (State)

Additional
abbreviations may also be used though not in the above list. 

6

 
FORM OF ASSIGNMENT  

        FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

[PLEASE
PRINT OR TYPE NAME, ADDRESS, INCLUDING POSTAL ZIP CODE, AND SOCIAL SECURITY OR OTHER TAXPAYER IDENTIFICATION NUMBER OF ASSIGNEE] 

the
within Note and all rights thereunder, hereby irrevocably constituting and appointing                        attorney to
transfer said Note on the books of the Company, with full power of
substitution in the premises. 

	

Dated:	
 	

 	
 	

 
	 	 	
	 	

	

 	
 	

 	
 	

 Signature(s)

Sign exactly as name appears on the front of this Note
	

 	
 	

 	
 	

[Signature(s) must be guaranteed by a member of a recognized Medallion Guarantee Program]

NOTICE:
THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN INSTRUMENT IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER. 

7

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FIRST DATA CORPORATION 4.70% Notes due 2013EXHIBIT 10.1

FORM OF
EMPLOYMENT AGREEMENT

Date:                        

Torotel
is pleased to provide you with this letter setting forth in general the scope
and terms of your employment with Torotel. This letter is intended to reflect
our mutual agreements regarding the terms and conditions of your employment
with Torotel, as follows:

1.      Employment. Torotel
agrees to employ you as its                         ,
and you agree to serve Torotel in such capacity, subject to the terms and
conditions hereinafter set forth.

2.      Term. The term
of your employment shall commence on the date hereof and, if not sooner
terminated pursuant to the terms hereof, shall expire on that date which is
three (3) years after the date hereof. Thereafter, your employment may be
continued by mutual agreement of you and Torotel, on such terms as are
acceptable to you and Torotel.

3.      Duties. You
agree that you will serve Torotel faithfully and diligently and that you will
fulfill the directions given to you by Torotel’s Board of Directors to the best
of your ability during your employment, and that you will devote your full-time
efforts and attention to the business of Torotel, excluding reasonable vacation
and sick leave in accordance with Torotel policies.

4.      Compensation. As
compensation for services rendered by you to Torotel, you shall receive from
Torotel:

(a) 
An initial Base salary of            
per month (“Base Salary”), payable to you in bi-weekly installments during your
employment, subject to annual adjustments by the Torotel Board of Directors in
its sole discretion;

(b) 
Automobile Lease (if applicable); and

(c) 
Bonus and Stock Options as determined by the Board of Directors;

5.      Employee Benefits.

Medical and Insurance Benefits.
You will be entitled to receive all employee benefits provided to Torotel
employees generally from time to time, so long as and to the extent the same
exist.

Vacation, Sick Leave and Holidays.
You shall be entitled to vacation, sick leave and holidays in accordance with
Torotel’s policy as it exists from time to time. You understand that under
Torotel’s current policy.

Employee Option Plan. You shall
be entitled to participate in Torotel’s employee stock option plan, in
accordance with the terms of such plan, as it may be amended from time to time.

6.      Confidentiality/Non-Solicitation.

(a) 
While employed, you will learn important proprietary information related to
Torotel’s business, including, but not limited to, confidential and proprietary
information concerning corporate strategies and planning in the area of
strategic growth. You acknowledge that the proprietary customer, operations,
financial, and business information that has been or will be learned (i) has
been and will be developed through Torotel’s expenditure of substantial effort,
time and money; and (ii) together with relationships developed with
customers and employees, could be used to compete unfairly with Torotel during
the post-employment period. Because Torotel’s ability to provide services on a
competitive basis depends, in part, on its proprietary information and customer
relationships, Torotel would not share such information and promote your
relationship with customers if Torotel believed that you would use or disclose
such information or relationships in competition with Torotel, or if Torotel
believed that your relationship with Torotel’s employees or customers would be
used to the detriment of Torotel.

(b) 
You shall protect Confidential Information from disclosure. “Confidential
Information” is any and all information (no matter in what form) relating to
Torotel’s intellectual property, customers, operations, finances, and business
that derives value from not being generally known to others. It includes, but
is not limited to, technical or non-technical data, formulas, patterns, compilations,
programs, devices, methods, techniques, drawings, processes, financial data, or
lists of 

actual or potential customers or suppliers (including
identifying information about those customers), whether or not reduced to
writing. Confidential Information includes information disclosed to Torotel by
third parties that Torotel is obligated to maintain as confidential. Confidential
Information may include information that is not privileged nor a trade secret,
but information that is not privileged and also not a trade secret shall
constitute Confidential Information only for two years after termination of
your employment. You will not use, except in connection with work for Torotel,
and will not disclose during or after your relationship with Torotel, Torotel’s
Confidential Information. Upon the termination of your employment, or for any
reason or at any time at Torotel’s request, you will deliver promptly to
Torotel all materials, documents, plans, records, notes, or other papers and
any copies in your possession or control relating in any way to Torotel’s
business, which at all times shall be the property of Torotel.

(c) 
During your employment and for two (2) years thereafter, you will not
solicit for employment with any individual, corporation, partnership,
association, franchise, unincorporated organization or other entity, any person
who is or was, at any time during the year prior to the date of termination of
your employment, a Torotel employee.

(d) 
Because you will be affiliated with and benefit from Torotel’s name and good
will and relationship with its customers, and will have access to Confidential
Information about Torotel’s customers, you will not, while employed by Torotel,
solicit any Torotel customer for the purpose of providing products or services
offered by Torotel, other than on behalf of Torotel. In addition, for a period
of two (2) years after the termination of your employment, you will not
solicit Customers for the purpose of providing products or services identical
to or competitive with Torotel’s services. “Customers” are customers of Torotel
in the United States that you, during the year prior to the termination of your
employment, (i) serviced or solicited on behalf of Torotel; (ii) supervised
others servicing or soliciting on behalf of Torotel; or (iii) about whom
you had Confidential Information.

7.      Expense Reimbursement.
Torotel will reimburse you for all reasonable, out-of-pocket expenses,
including but not limited to reasonable travel expenses incurred in the
performance of your employment duties under this letter. Torotel will review
and pay such expenses in accordance with its normal procedures for paying the
expenses of employees, including such documentation requirements as may be
adopted from time to time.

8.      Termination.

(a) 
This letter agreement shall terminate: (a) if you die, resign voluntarily,
retire, voluntarily take another position requiring a substantial portion of
your time, or become disabled under circumstances in which you would be
entitled to benefits under your long-term disability insurance policy (if any);
(b) at the end of three years from the date of employment, unless extended
by mutual agreement of you and Torotel; or (c) at any time and without
prior notice, for “Cause” (as defined below).

(b) 
For purposes of this Agreement, “Cause” means (a) your willful and
continued failure to perform your duties (other than any such failure resulting
from your incapacity due to physical or mental illness), after demand for
substantial performance is delivered to you by Torotel that specifically
identifies the manner in which you have not performed your duties; (b) the
engaging by you in gross negligence or willful failure to perform a material
duty; or (c) your conviction of a felony crime.

(c) 
In the event that you are terminated without Cause prior to the end of the
three (3) year term of this Agreement, you will receive a severance
payment as follows: if the termination without Cause occurs during the first
two years of this Agreement, you will receive a lump sum severance payment in
the amount of twelve (12) times your monthly Base Salary; if the termination
without Cause occurs during the third year of this Agreement, you will receive
a lump sum severance payment in the amount of six (6) times your monthly
Base Salary.

9.      Miscellaneous.

(a) 
Interpretation. The paragraph headings
contained herein are for the purpose of convenience of reference only and are
not intended to define or limit the contents of such paragraphs. In this
letter, (i) all gender references include the feminine and the masculine
and (ii) the singular includes the plural, and the plural the singular.

(b) 
Severability. If all or any provision or
portion of this letter shall to any extent be held invalid or unenforceable, in
whole or in part, by a court or agency having competent jurisdiction, a valid
decision or decree to which Torotel is a party, then the parties expressly
agree to be bound by any lesser covenant imposing the maximum legal duty
permitted by law that is subsumed within the terms of such covenant, as if the
resulting covenants were separately stated in and made a part of this letter,
and the remainder of this letter shall remain in full force and effect.

(c) 
Equitable Relief. You and Torotel
acknowledge and agree that breach of any of the covenants made by you herein
would cause irreparable injury to Torotel, which could not sufficiently be
remedied by monetary damages, and therefore that Torotel shall be entitled to
obtain such equitable relief as declaratory judgments; temporary, preliminary,
and permanent injunctions; and order of specific performance to enforce those
covenants or to prohibit any act or omission that constitutes a breach thereof.

(d) 
Amendment. This letter may be altered or
amended only by a writing signed by all parties hereto. This letter shall
automatically terminate upon your death. This letter is the final, complete and
exclusive statement and expectation of the agreement between you and Torotel.

(e) 
Governing Law. This letter shall be
construed under and governed by the laws of the State of Missouri.

(f) 
No Improper Use of Information or Violation of
Agreements with Prior Employers and Others. During your employment,
you will not improperly use or disclose any confidential information or trade
secrets or violate any non-competition or other agreement with, any former
employer or any other persons to whom you have an obligation of confidentiality
or noncompetition. You will not bring onto the premises of Torotel any
unpublished documents or any property belonging to any former employer or any
person to whom you have an obligation of confidentiality, unless consented to
in writing by that former employer or person. You will use in the performance
of your duties only information that is generally known and used by persons
with training and experience comparable to your own, which is common knowledge
in the industry or otherwise legally in the public domain, or which is
otherwise provided or developed by Torotel.

(g) 
Assignment. You understand that you have
been selected for employment by Torotel on the basis of your personal
qualifications, experience and skills. Therefor, you shall not assign all or
any portion of your performance under this letter.

If the foregoing adequately reflects your
understanding of our agreement, please indicate your affirmation by signing the
enclosed copy of this letter and returning it to me at the above listed
address.

	
   

  	
  Sincerely,

  
	
   

  	
  TOROTEL, INC.

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

The undersigned hereby
agrees to the terms of the

foregoing letter:

	
   

  	
   

  
	
  (Employee)

  	
   

  
	
  Date:

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