COMPANY, HE HAS COME INTO POSSESSION OF NON-PUBLIC
AND/OR CONFIDENTIAL AND/OR PROPRIETARY INFORMATION RELATING TO THE COMPANY,
GENERAL MARITIME CORPORATION AND THEIR RESPECTIVE AFFILIATES, INCLUDING THEIR
RESPECTIVE PRACTICES, DIRECTORS, OFFICERS, AGENTS AND EMPLOYEES.
EXCEPT AS
OTHERWISE REQUIRED BY COURT ORDER OR SUBPOENA, THE EXECUTIVE AGREES THAT HE WILL
NOT DIRECTLY OR INDIRECTLY USE OR DISCLOSE TO ANY PERSON, FIRM, OR ENTITY SUCH
NON-PUBLIC AND/OR CONFIDENTIAL AND/OR OTHER PROPRIETARY INFORMATION ACQUIRED
DURING HIS EMPLOYMENT UNLESS AUTHORIZED IN WRITING TO DO SO BY THE COMPANY.
THE
EXECUTIVE FURTHER AGREES AND UNDERSTANDS THAT HE IS PROHIBITED FROM DISCLOSING
ANY TERMS OF THIS RELEASE TO ANYONE, EXCEPT THAT HE MAY DISCLOSE THE TERMS OF
THIS RELEASE AND THE RETENTION AGREEMENT TO HIS ATTORNEYS, ACCOUNTANTS, OR OTHER
ADVISORS, OR AS OTHERWISE REQUIRED BY LAW.
10.
NON-DISPARAGEMENT.
IN RETURN FOR THE EXECUTION OF THIS RELEASE
AND IT BECOMING BINDING UPON THE EXECUTIVE, AND AS A CONDITION FOR PAYMENT TO
THE EXECUTIVE OF THE MONETARY CONSIDERATION HEREIN, THE EXECUTIVE AND THE
COMPANY AGREE NOT TO MAKE ANY FALSE, DISPARAGING OR DEROGATORY STATEMENTS IN
PUBLIC OR PRIVATE TO ANY PERSON OR MEDIA OUTLET REGARDING EACH OTHER OR ANY OF
EACH OTHER'S DIRECTORS, OFFICERS, EXECUTIVES, AGENTS, REPRESENTATIVES, BUSINESS
AFFAIRS OR FINANCIAL CONDITION.
11.
TAX ACKNOWLEDGEMENT:
IN CONNECTION WITH THE PAYMENTS AND
CONSIDERATION PROVIDED TO THE EXECUTIVE PURSUANT TO THIS RELEASE, THE COMPANY
SHALL WITHHOLD AND REMIT TO THE TAX AUTHORITIES THE AMOUNTS REQUIRED UNDER
APPLICABLE LAW, AND THE EXECUTIVE SHALL BE RESPONSIBLE FOR ALL APPLICABLE TAXES
WITH RESPECT TO SUCH PAYMENTS AND CONSIDERATION UNDER APPLICABLE LAW.
THE
EXECUTIVE ACKNOWLEDGES THAT HE IS NOT RELYING UPON THE ADVICE OR REPRESENTATION
OF THE COMPANY WITH RESPECT TO THE TAX TREATMENT OF ANY OF THE PAYMENTS SET
FORTH IN THIS RELEASE.
12.
ENTIRE AGREEMENT.
THIS RELEASE CONTAINS AND CONSTITUTES THE
ENTIRE UNDERSTANDING AND AGREEMENT BETWEEN THE PARTIES HERETO WITH RESPECT TO
THE MATTERS SET FORTH HEREIN AND CANCELS ALL PREVIOUS ORAL AND WRITTEN
NEGOTIATIONS, AGREEMENTS, COMMITMENTS, AND WRITINGS IN CONNECTION THEREWITH.
13.
APPLICABLE LAW AND CONSENT TO JURISDICTION.
THIS RELEASE SHALL BE
INTERPRETED AND CONSTRUED BY THE LAWS OF THE STATE OF CONNECTICUT, WITHOUT
REGARD TO CONFLICT OF LAWS PROVISIONS.
THE EXECUTIVE HEREBY IRREVOCABLY SUBMITS
TO AND ACKNOWLEDGES AND RECOGNIZES THE JURISDICTION OF THE COURTS OF THE STATE
OF CONNECTICUT, OR IF APPROPRIATE, A FEDERAL COURT LOCATED IN CONNECTICUT (WHICH
COURTS, FOR PURPOSES OF THIS RELEASE, ARE THE ONLY COURTS OF COMPETENT
JURISDICTION) OVER ANY SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF, UNDER OR
IN CONNECTION WITH THIS RELEASE OR THE SUBJECT MATTER HEREOF.
14.
ACKNOWLEDGMENTS.
THE EXECUTIVE ACKNOWLEDGES THAT HE HAS BEEN
GIVEN TWENTY-ONE (21) DAYS TO CONSIDER THIS RELEASE AND THAT THE COMPANY ADVISED
HIM TO CONSULT WITH ANY ATTORNEY OF HIM OWN CHOOSING PRIOR TO SIGNING THIS
RELEASE.
THE EXECUTIVE MAY REVOKE THIS RELEASE FOR A PERIOD OF SEVEN (7) DAYS
AFTER THE EXECUTION OF THIS RELEASE, AND THE AGREEMENT SHALL NOT BE EFFECTIVE OR
ENFORCEABLE UNTIL THE EXPIRATION OF THIS SEVEN (7) DAY REVOCATION PERIOD.
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