Form of) NON-COMPETE AND CONFIDENTIALITY AGREEMENTNon-Compete and Confidentiality Agreement • March 15th, 2006 • Sealed Air Corp/De • Converted paper & paperboard prods (no contaners/boxes) • New Jersey
The following agreement between SEALED AIR CORPORATION (“Sealed Air”) and (the “Employee”) is voluntarily entered into and replaces all previous agreements, if any, between the Employee and Sealed Air relating to the employment of the Employee, to the confidential affairs of Sealed Air and its subsidiaries (together called the “Company”), to inventions conceived or made by the Employee and to refraining from competition with the Company. The Employee’s obligations under this Agreement are made in consideration of the employment of the Employee by the Company and the continuation thereof after this date during such time as may be mutually agreeable to the Company and the Employee, the compensation to be paid by the Company to the Employee in exchange for the Employee’s services, and the Company’s agreement to pay severance pay to the Employee under Section 7 of this Agreement.
