Freddie Mac 2015 Annual Report Download - page 425

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disclose prior to beginning employment any other matter or situation that may create a conflict of interest
as such term is defined in the Code.
In addition, prior to beginning employment, Executive agrees to disclose to Freddie Mac's Human
Resources Division the terms of any employment, confidentiality or stock grant agreements to which
Executive may currently be subject that may affect Executive’s future employment or recruiting activities
so that Freddie Mac may ensure that Executive’s employment by Freddie Mac and conduct as a Freddie
Mac employee are not inconsistent with any of their terms.
VIII. 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 Freddie 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 Freddie Mac in the job position offered, and further represents
that Executive has provided Freddie Mac with copies of any non-competition, non-solicitation or similar
agreements or limitations that have not expired, so that Freddie Mac can make an independent judgment
that Executive’s employment with Freddie Mac is not inconsistent with any of its terms.
IX. Enforcement
A. Executive acknowledges that Executive may be subject to discipline, up to and including
termination of employment, for Executive’s breach or threat of breach of any provision of this
Agreement.
B. Executive agrees that irreparable injury will result to Freddie Mac’s business interests in the event
of breach or threatened breach of this Agreement, the full extent of Freddie Mac’s damages will be
impossible to ascertain, and monetary damages will not be an adequate remedy for Freddie Mac. Therefore,
Executive agrees that in the event of a breach or threat of breach of any provision(s) of this Agreement,
Freddie Mac, in addition to any other relief available, shall be entitled to temporary, preliminary, and
permanent equitable relief to restrain any such breach or threat of breach by Executive and all persons
acting for and/or in concert with Executive, without the necessity of posting bond or security, which
Executive expressly waives.
C. Executive agrees that each of Executive’s obligations specified in this Agreement is a separate and
independent covenant, and that all of Executive’s obligations set forth herein shall survive any termination,
for any reason, of Executive’s Freddie Mac employment. To the extent that any provision of this
Agreement is determined by a court of competent jurisdiction to be unenforceable because it is overbroad,
that provision shall be limited and enforced to the extent permitted by applicable law. Should any provision
of this Agreement be declared or determined by any court of competent jurisdiction to be unenforceable or
invalid under applicable law, the validity of the remaining obligations will not be affected thereby and only
the unenforceable or invalid obligation will be deemed not to be a part of this Agreement.
D. This Agreement is governed by, and will be construed in accordance with, the laws of the
Commonwealth of Virginia, without regard to its or any other jurisdiction’s conflict-of-law provisions.
Executive agrees that any action related to or arising out of this Agreement shall be brought exclusively in
the United States District Court for the Eastern District of Virginia, and Executive hereby irrevocably