Common use of Certain Acknowledgments and Agreements Clause in Contracts

Certain Acknowledgments and Agreements. (i) You recognize and acknowledge the competitive and proprietary nature of the Company's business operations. You acknowledge and agree that a business will be deemed competitive with the Company if it engages in a line of business in which it performs any of the services, conducts research, or develops, manufactures or sells any products provided or offered by the Company or under development by the Company, or any similar products or products fulfilling the same function, whether or not similar, in the Field of Interest (such business to be referred to as a "competitive business"). The term "Field of Interest" currently means the field of diagnosis, prevention or treatment of diseases or conditions in humans relating to central nervous system and inflammation disorders. You further understand that the Company may expand the definition of its Field of Interest at any time by action of its Board of Directors, which new definition will be binding upon you ten (10) days after written notice to you of such change.