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I use keepassx, it will allow you to keep a local repository of all of your passwords and sensitive information encrypted and accessible to all of your team members.

Commonkey is another great program and is free for teams of three.

I use Passpack. The workflow is a bit janky, but it does the job. I'm not sure what other options would be good for sharing passwords with groups of employees, though.

I use 1password and export some of the items when I want to share them. But it's not my main use case, so it's not a problem that it's a bit cumbersome.

I didn't want to have my passwords stored on any servers from external companies. Instead I use tarsnap to backup my passwords.