Common use of Confidentiality, Non-Solicitation and Non-Competition Clause in Contracts

Confidentiality, Non-Solicitation and Non-Competition. Executive ------------------------------------------------------ acknowledges that the business in which DIRECT III engages is competitive and that Executive's employment with DIRECT III has required and will require that Executive have access to and knowledge of confidential and proprietary information pertaining to DIRECT III that is of vital importance to the success of DIRECT III's business; that the direct or indirect disclosure of any such confidential information to existing or potential competitors of DIRECT III would place it at a competitive disadvantage and would do material damage, financial and otherwise, to its business; and that by virtue of Executive's training, experience, and expertise, some of Executive's services to DIRECT III will continue to be special and unique.