Common use of Absence of Any Conflict of Interest Clause in Contracts

Absence of Any Conflict of Interest. Executive represents that Executive does not have any confidential information, trade secrets or other proprietary information that Executive obtained as the result of Executive’s employment with another employer that Executive will be using in Executive’s position at Fxxxxxx Mac. Executive also represents that Executive is not subject to any employment, confidentiality or stock grant agreements, or any other restrictions or limitations imposed by a prior employer, which would affect Executive’s ability to perform the duties and responsibilities for Fxxxxxx Mac in the job position offered, and further represents that Executive has provided Fxxxxxx Mac with copies of any such agreements or limitations so that Fxxxxxx Mac can make an independent judgment that Executive’s employment with Fxxxxxx Mac is not inconsistent with any of its terms.

Absence of Any Conflict of Interest. Executive represents that Executive does not have any confidential information, trade secrets or other proprietary information that Executive obtained as the result of Executive’s employment with another employer that Executive will be using in Executive’s position at Fxxxxxx Mac. Executive also represents that Executive is not subject to any employment, confidentiality or stock grant agreements, or any other restrictions or limitations imposed by a prior employer, which would affect Executive’s ability to perform the duties and responsibilities for of Chief Executive Officer of Fxxxxxx Mac in the job position offered, and further represents that Executive has provided Fxxxxxx Mac with copies of any such agreements or limitations so that Fxxxxxx Mac can make an independent judgment that Executive’s employment with Fxxxxxx Mac is not inconsistent with any of its terms.