Common use of Restrictions and Obligations of Executive Clause in Contracts

Restrictions and Obligations of Executive. (a) Access to, and Acknowledgement of Value of, Confidential Information. The Company has previously made available to Executive Confidential Information regarding the Company and its business operations, and the Company agrees to provide Executive with (i) Confidential Information regarding the Company and its business operations arising after the date hereof and (ii) access to certain of the Company’s customers, prospective customers, vendors and other parties with whom the Company conducts business, which will allow Executive the opportunity to develop business relationships and goodwill with such customers, prospective customers, vendors and other such parties after the date hereof. Executive acknowledges and agrees that the Confidential Information is of significant value to the Company and the protection against unauthorized disclosure and use of the Confidential Information and the business relationships and goodwill that may be developed by Executive in performing his/her duties on behalf of the Company is of critical importance to the Company. The Company and Executive agree that in addition to the Company’s disclosure of the Confidential Information and the business relationships and goodwill that may be developed by Executive in performing his duties on behalf of the Company, the Company’s agreement to make the payments provided in this Agreement to Executive constitutes additional consideration for the Executive’s compliance with the undertakings set forth in this Section 4. Notwithstanding any other provision of this Agreement to the contrary, Executive shall only be required to comply with the provisions of this Section 4 following the Date of Termination if Executive receives the benefits as provided in Section 3 above.

Restrictions and Obligations of Executive. (a) Access to, and Acknowledgement of Value of, Confidential InformationInformation . The Company has previously made available to Executive Confidential Information regarding the Company and its business operations, and the Company agrees to provide Executive with (i) Confidential Information regarding the Company and its business operations arising after the date hereof and (ii) access to certain of the Company’s customers, prospective customers, vendors and other parties with whom the Company conducts business, which will allow Executive the opportunity to develop business relationships and goodwill with such customers, prospective customers, vendors and other such parties after the date hereof. Executive acknowledges and agrees that the Confidential Information is of significant value to the Company and the protection against unauthorized disclosure and use of the Confidential Information and the business relationships and goodwill that may be developed by Executive in performing his/her duties on behalf of the Company is of critical importance to the Company. The Company and Executive agree that in addition to the Company’s disclosure of the Confidential Information and the business relationships and goodwill that may be developed by Executive in performing his duties on behalf of the Company, the Company’s agreement to make the payments provided in this Agreement to Executive constitutes additional consideration for the Executive’s compliance with the undertakings set forth in this Section 4. Notwithstanding any other provision of this Agreement to the contrary, Executive shall only be required to comply with the provisions of this Section 4 following the Date of Termination if Executive receives the benefits as provided in Section 3 above.. (b)