Common use of Competition; Confidential Information Clause in Contracts

Competition; Confidential Information. The Executive and the Corporation recognize that, due to the nature of his relationship to the Corporation, the Executive has access to, and may assist in developing, confidential and proprietary information relating to the business and operations of the Corporation and its affiliates. The Executive acknowledges that this information is of central importance to the business of the Corporation and its affiliates and that disclosure of it to, or its use by, others could cause substantial loss to the Corporation. The Executive and the Corporation also recognize that an important part of the Executive’s duties will be to develop goodwill for the Corporation through his personal contact with others having business relationships with the Corporation and its affiliates, and that there is a danger that this goodwill, a proprietary asset of the Corporation and its affiliates, may follow the Executive if and when his relationship with the Corporation is terminated.

Competition; Confidential Information. The Executive and the Corporation recognize that, due to the nature of his engagements hereunder and the relationship of the Executive to the Corporation, the Executive has will have access to, and may assist in developing, confidential and proprietary information relating to the business and operations of the Corporation and its affiliates. The Executive acknowledges that this such information is will be of central importance to the business of the Corporation and its affiliates and that disclosure of it to, to or its use by, by others could cause substantial loss to the Corporation. The Executive and the Corporation also recognize that an important part of the Executive’s 's duties will be to develop goodwill good will for the Corporation through his personal contact with others having business relationships with the Corporation and its affiliates, and that there is a danger that this goodwillgood will, a proprietary asset of the Corporation and its affiliates, may follow the Executive if and when his relationship with the Corporation is terminated.. The Executive accordingly agrees as follows: a.