The Bitter Script Reader at 2011-07-16 12:01:18:
This happened with what eventually became Star Trek: Generations. Ron Moore & Brannon Braga wrote the screenplay that was eventually produced, while Maurice Hurley wrote an entirely different screenplay that was eventually rejected.
Producer Rick Berman invited fellow Trek producer/co-creator of DS9 and Voyager Michael Piller to submit a screenplay as well, but Piller disliked the idea of this competition and bowed out.
I doubt that's the only other instance and you'll probably find this more common with older franchises. I know Freddy vs. Jason went through several iterations, but I'm not sure if any of them were concurrently written.