Common use of COMPETITION AND CONFLICTS OF INTEREST Clause in Contracts

COMPETITION AND CONFLICTS OF INTEREST. In consideration of the benefits payable to Executive under SECTION 8, Executive agrees, simultaneously with the execution hereof to enter into a Non-Competition, Non-Solicitation and Confidentiality Agreement in the form annexed hereto as EXHIBIT A. The Non-Competition, Non-Solicitation and Confidentiality Agreement attached hereto as EXHIBIT A replaces and supersedes any prior or existing agreement by and between Executive and the Company with respect to the subject matter therein. Upon a termination of employment for any reason following a Change in Control, the Non-Competition, Non-Solicitation and Confidentiality Agreement shall terminate and be of no force or effect.