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I � � I <br /> _ . J • . <br /> , , � � <br /> 24. Holidavs. Employee shall receive the same paid holidays which are afforded to <br /> other officials of the City. <br /> 25. Insurance Benefits. The City shall, subject to the limitations provided for herein, <br /> provide the Employee with group life insurance and employee and dependent health,hospitalization <br /> and dental coverages in accordance with such benefits provided other management employees of the <br /> City for so long as Employee remains as City Manager. Notwithstanding the foregoing,the parties <br /> agree that the City may, in its sole and exclusive discretion, alter, modi'fy, amend or eliminate said <br /> insurance coverages or benefits, or any portions thereof, provided that Employee is treated in a <br /> manner no worse than other management employees of the City. ' <br /> 26. Non-Competition During Period of Emplovment. I At all times during the <br /> Employee's employment with the City, the Employee shall pursue the Gity's business exclusively, <br /> and the Employee shall not compete, individually or as an employee or consultant, with the City. <br /> This provision shall not bar or prohibit any ownership by the Employee in a publicly traded <br /> corporation where: (a) the Employee controls, either directly or indirectly, less than five percent <br /> (5%) of the outstanding shares of common stock in said corporation; (b) the Employee is not <br /> employed by such competitor; and (c) the Employee provides no guidance, advice or assistance in <br /> the business operations of said competitor. <br /> For all purposes relevant to this Section of the Agreement, the status or position of any <br /> spouse of the Employee or any dependent residing with the Employee shall be attributed to the <br /> Employee <br /> At all times during the Employee's employment with the City, the Employee shall not, <br /> directly or indirectly: (a) attempt to hire any person employed by the City; (b) assist in such hiring <br /> by any other person or entity;or(c)encourage any such employee to terminate his or her relationship <br /> with the City. <br /> 27. ConfidentialInformation. <br /> (a) The Employee agrees and acknowledges that,by reason of his employment by and <br /> service to the City, he will (or may) have access to confidential information of the City (and its <br /> vendors, suppliers, customers, and others having business dealings with it) including, without <br /> limitation,trade secrets, ideas or concepts for existing or proposed operations, the City's technical <br /> processes, information and knowledge pertaining to services provided,by the City, the costs, rates <br /> and charges sought by the City in exchange therefor, costs of doing business, internal operating <br /> procedures, and information related to relationships between the City and its respective customers, <br /> suppliers,vendors,and others having business dealings with the City(collectively,the"Confidential <br /> Information"). The Employee expressly acknowledges that the Confidential Information is a <br /> valuable and unique asset of the City and agrees,covenants and warrants that,both during and after <br /> the term of his employment by the City,he will not disclose,divulge or communicate to any person <br /> or use any Confidential Information (except as his duties as an employee of the City may require) <br /> -11- <br />