Common use of Assignment of Innovations Clause in Contracts

Assignment of Innovations. 4. The Executive will make prompt and full disclosure to the Company, will hold in trust for the sole benefit of Company, and will assign exclusively to the Company, all her right, title and interest in and to any and all innovations, discoveries, designs, developments, improvements, copyrightable material and trade secrets (collectively “Innovations”) that she, solely or jointly, may conceive, develop or reduce to practice during the period of time she is employed by the Company (a “Company Innovation”). To the extent any of the rights, title and interest in any Company Innovation cannot be assigned by her to the Company, the Executive hereby grants to the Company an exclusive, royalty-free, transferable, irrevocable, worldwide license (with rights to sublicense through multiple tiers of sublicensees) to practice such rights, title and interest. Finally, to the extent any of the rights, title and interest can be neither assigned nor licensed, the Executive hereby irrevocably waives and agrees never to assert such rights, title and interest against the Company or any of the Company’s successors in interest to such rights. This Article 4 (Assignment of Innovations) shall be construed to apply to all Company Innovations with which the Executive is involved from this date forward, as well as all Company Innovations with which the Executive has been involved since her employment with the Company began.

Assignment of Innovations. 4. The Executive will make prompt and full disclosure to the Company, will hold in trust for the sole benefit of Company, and will assign exclusively to the Company, all her his right, title and interest in and to any and all innovations, discoveries, designs, developments, improvements, copyrightable material and trade secrets (collectively “Innovations”) that shehe, solely or jointly, may conceive, develop or reduce to practice during the period of time she he is employed by the Company (a “Company Innovation”). To the extent any of the rights, title and interest in any Company Innovation cannot be assigned by her his to the Company, the Executive hereby grants to the Company an exclusive, royalty-free, transferable, irrevocable, worldwide license (with rights to sublicense through multiple tiers of sublicensees) to practice such rights, title and interest. Finally, to the extent any of the rights, title and interest can be neither assigned nor licensed, the Executive hereby irrevocably waives and agrees never to assert such rights, title and interest against the Company or any of the Company’s successors in interest to such rights. This Article 4 (Assignment of Innovations) shall be construed to apply to all Company Innovations with which the Executive is involved from this date forward, as well as all Company Innovations with which the Executive has been involved since her his employment with the Company began.

Assignment of Innovations. 4. The Executive will make prompt and full disclosure to the Company, will hold in trust for the sole benefit of Company, and will assign exclusively to the Company, all her right, title and interest in and to any and all innovations, discoveries, designs, developments, improvements, copyrightable material and trade secrets (collectively “Innovations”) that she, solely or jointly, may conceive, develop or reduce to practice during the period of time she is employed by the Company (a “Company Innovation”). To the extent any of the rights, title and interest in any Company Innovation cannot be assigned by her to the Company, the Executive hereby grants to the Company an exclusive, royalty-free, transferable, irrevocable, worldwide license (with rights to sublicense through multiple tiers of sublicensees) to practice such rights, title and interest. Finally, to the extent any of the rights, title and interest can be neither assigned nor licensed, the Executive hereby irrevocably waives and agrees never to assert such rights, title and interest against the Company or any of the Company’s successors in interest to such rights. This Article Section 4 (Assignment of Innovations) shall be construed to apply to all Company Innovations with which the Executive is involved from this date forward, as well as all Company Innovations with which the Executive has been involved since her employment with the Company began.