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of others any Company, Zapata Protein or affiliate trade secrets, supplier
or customer lists or any other "confidential information." Confidential
information means any and all information concerning the Company, Zapata
Protein or an affiliate thereof not known to the general public or in the
industry in which the Executive is engaged that is disclosed to the
Executive or known or acquired by the Executive as a consequence of his
prior full-time employment or the Term of this Agreement with the Company,
Zapata Protein or any affiliate thereof, or that was acquired during his
prior full-time employment or the Term of this Agreement with the Company,
Zapata Protein or an affiliate thereof. The Executive confirms that any
such trade secrets, supplier or customer lists, and any other confidential
information are the exclusive property of the Company. The Executive
acknowledges that the Company, Zapata Protein or an affiliate would be
irreparably injured by a violation of the provisions of this Paragraph and
the Company, Zapata Protein or an affiliate would have no adequate remedy
at law. Therefore, the Executive acknowledges and agrees that injunctive
relief, specific performance or any other appropriate equitable remedy
(without any bond or other security being required) are appropriate
remedies to enforce compliance with this Paragraph.
9. Restrictive Covenant Not to Compete: In consideration for mutual covenants
and agreements contained herein, the Executive agrees that during the Term
of this Agreement he will engage in no direct competition with the Company
or Zapata Protein in Louisiana without prior consent of the Board of
Directors of the Company. Nothing contained herein shall prevent Executive
from accepting less than full-time employment from other third-party
employers, from engaging in his own business as an employee or otherwise,
or from engaging in other business or investment opportunities provided the
Executive does not violate the foregoing provisions of this Paragraph.
10. Source of Payments: All payments provided in this Agreement shall be paid
in cash from the general funds of the Company, Zapata Protein or its
successor, and no special or separate funds shall be established and not
other segregation of assets shall be made to assure payment. The Executive
shall have no right, title or interest whatever in or to any investments
which the Company, Zapata Protein or its successors may make to aid the
Company, Zapata Protein and its successor in meeting its obligations
hereunder. Nothing contained in this Agreement, and no action taken
pursuant to this provision, shall create or be construed to create a trust
of any kind, or a fiduciary relationship, between the Company, Zapata
Protein and its successor and the Executive or any other person. To the
extent that any person acquires a right to receive payments from the
Company, Zapata Protein and its successor hereunder, such right shall be no
greater than the right of an unsecured creditor of the Company, Zapata
Protein and its successor.
11. Income Tax: The Executive shall have the sole responsibility of the
payment of all federal, state, city or other taxes that shall be required
pursuant to any law or governmental regulation or ruling. Where the
Company chooses not to withhold taxes, Executive shall pay all such taxes
directly and shall indemnify and hold the Company harmless from any and all
claims,
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