Common use of Assignment of Rights to Intellectual Property Clause in Contracts

Assignment of Rights to Intellectual Property. Executive shall promptly and fully disclose all Intellectual Property to the Corporation. Executive hereby assigns and agrees to assign to the Corporation (or as otherwise directed by the Corporation) Executive's full right, title and interest in and to all Intellectual Property. Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation to assign the Intellectual Property to the Corporation and to permit the Corporation to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. Executive will not charge the Corporation for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, in complying with these obligations. All copyrightable works that Executive creates shall be considered "work made for hire". "Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by Executive (whether alone or with others, whether or not during normal business hours or on or off Corporation premises) during Executive's employment that relate to either the Products or any prospective activity of the Corporation under active consideration. “Products” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Corporation or any of its Affiliates, together with all services provided or planned by the Corporation, during Executive's employment.

Appears in 9 contracts

Samples: Employment Agreement (YTB International, Inc.), Employment Agreement (YTB International, Inc.), Employment Agreement (YTB International, Inc.)

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Assignment of Rights to Intellectual Property. (i) Executive shall promptly and fully disclose all Intellectual Property to the CorporationCompany. Executive hereby assigns and agrees to assign to the Corporation Company (or as otherwise directed by the CorporationCompany) Executive's ’s full right, title and interest in and to all Intellectual Property. Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation Company to assign the Intellectual Property to the Corporation Company and to permit the Corporation Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. Executive will not charge the Corporation Company for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, spent in complying with these obligations. All copyrightable works that Executive creates shall be considered "work made for hire". "” and shall, upon creation, be owned exclusively by the Company. (ii) For purposes of this Agreement, “Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by Executive (whether alone or with others, whether or not during normal business hours or on or off Corporation Company premises) during Executive's ’s employment that relate to either the Products or any prospective activity of the Corporation under active consideration. Company or any of its Affiliates or that make use of Confidential Information or any of the equipment or facilities of the Company or any of its Affiliates; and “Products” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Corporation Company or any of its Affiliates, together with all services provided or planned by the CorporationCompany or any of its Affiliates, during Executive's ’s employment.

Appears in 6 contracts

Samples: Employment Agreement (Clear Channel Outdoor Holdings, Inc.), Employment Agreement (Clear Channel Communications Inc), Employment Agreement (Clear Channel Outdoor Holdings, Inc.)

Assignment of Rights to Intellectual Property. Executive shall promptly and fully disclose all Intellectual Property to the Corporation. Executive hereby assigns and agrees to assign to the Corporation (or as otherwise directed by the Corporation) Executive's ’s full right, title and interest in and to all Intellectual Property. Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation to assign the Intellectual Property to the Corporation and to permit the Corporation to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. Executive will not charge the Corporation for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, in complying with these obligations. All copyrightable works that Executive creates shall be considered "work made for hire". "Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by Executive (whether alone or with others, whether or not during normal business hours or on or off Corporation premises) during Executive's ’s employment that relate to either the Products or any prospective activity of the Corporation under active consideration. “Products” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Corporation or any of its Affiliatesaffiliates, together with all services provided or planned by the Corporation, during Executive's ’s employment.

Appears in 4 contracts

Samples: Employment Agreement (YTB International, Inc.), Employment Agreement (YTB International, Inc.), Employment Agreement (YTB International, Inc.)

Assignment of Rights to Intellectual Property. Executive Employee shall promptly and fully disclose all Intellectual Property (defined below) to the CorporationCompany. Executive Employee hereby assigns and agrees to assign to the Corporation Company (or as otherwise directed by the CorporationCompany) Executive's Employee’s full right, title and interest in and to all Intellectual Property. Executive Employee agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation Company to assign the Intellectual Property to the Corporation Company and to permit the Corporation Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. Executive Employee will not charge the Corporation Company for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, spent in complying with these obligations. All copyrightable works that Executive Employee creates shall be considered "work made for hire"” and shall, upon creation, be owned exclusively by the Company. "For purposes of this Section 8, “Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by Executive Employee (whether alone or with others, others and whether or not during normal business hours or on or off Corporation premisesthe premises of the Company or any of its subsidiaries) during Executive's Employee’s employment with the Company or any of its subsidiaries (including prior to the Effective Date if applicable) that relate to either the Products or any prospective activity of the Corporation under active consideration. “Products” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Corporation Company or any of its Affiliates, together with all services provided subsidiaries or planned by that make use of Confidential Information or any of the Corporation, during Executive's employmentequipment or facilities of the Company or any of its subsidiaries.

Appears in 3 contracts

Samples: Management Incentive Compensation Award Agreement (Xerium Technologies Inc), Management Incentive Compensation Award Agreement (Xerium Technologies Inc), Management Incentive Compensation Award Agreement (Xerium Technologies Inc)

Assignment of Rights to Intellectual Property. (i) The Executive shall promptly and fully disclose all Intellectual Property to the CorporationCompany. The Executive hereby assigns and agrees to assign to the Corporation Company (or as otherwise directed by the CorporationCompany) the Executive's ’s full right, title and interest in and to all Intellectual Property. The Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including including, without limitation limitation, the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation Company to assign the Intellectual Property to the Corporation Company and to permit the Corporation Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. The Executive will not charge the Corporation Company for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, spent in complying with these obligations. All copyrightable works that the Executive creates shall be considered "work made for hire". "” and shall, upon creation, be owned exclusively by the Company. (ii) For purposes of this Agreement, “Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by the Executive (whether alone or with others, whether or not during normal business hours or on or off Corporation Company premises) during the Executive's ’s employment that relate to either the Products or any prospective activity of the Corporation under active consideration. Company or any of its Affiliates or that make use of Confidential Information or any of the equipment or facilities of the Company or any of its Affiliates; and “Products” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Corporation Company or any of its Affiliates, together with all services provided or planned by the CorporationCompany or any of its Affiliates, during the Executive's ’s employment.

Appears in 2 contracts

Samples: Employment Agreement (Live Nation, Inc.), Employment Agreement (Live Nation, Inc.)

Assignment of Rights to Intellectual Property. Executive shall promptly and fully disclose all Intellectual Property to the Corporation. Executive hereby assigns and agrees to assign to the Corporation (or as otherwise directed by the Corporation) Executive's ’s full right, title and interest in and to all Intellectual Property. Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation to assign the Intellectual Property to the Corporation and to permit the Corporation to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. Executive will not charge the Corporation for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, in complying with these obligations. All copyrightable works that Executive creates shall be considered "work made for hire". "Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by Executive (whether alone or with others, whether or not during normal business hours or on or off Corporation premises) during Executive's ’s employment that relate to either the Products or any prospective activity of the Corporation under active consideration. “Products” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Corporation or any of its Affiliates, together with all services provided or planned by the Corporation, during Executive's ’s employment.

Appears in 2 contracts

Samples: Employment Agreement (YTB International, Inc.), Employment Agreement (YTB International, Inc.)

Assignment of Rights to Intellectual Property. Executive shall promptly and fully disclose all Intellectual Property (as defined below) to the CorporationCompany. Executive hereby assigns and agrees to assign to the Corporation Company (or as otherwise directed by the CorporationCompany) Executive's ’s full right, title and interest in and to all Intellectual Property. Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation Company to assign the Intellectual Property to the Corporation Company and to permit the Corporation Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. Executive will not charge the Corporation Company for time spent, although the Corporation Company will reimburse Executive for any expenses Executive reasonably incurs, in complying with these obligations. All copyrightable works that Executive creates shall be considered "work made for hire". "Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by Executive (whether alone or with others, whether or not during normal business hours or on or off Corporation Company premises) during Executive's ’s employment that relate to either the Products or any prospective activity of the Corporation Company under active consideration. “Products” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Corporation Company or any of its Affiliatesaffiliates, together with all services provided or planned by the CorporationCompany, during Executive's ’s employment.

Appears in 2 contracts

Samples: Employment Agreement (ProPhase Labs, Inc.), Employment Agreement (ProPhase Labs, Inc.)

Assignment of Rights to Intellectual Property. (i) The Executive shall promptly and fully disclose all Intellectual Property to the CorporationCompany. The Executive hereby assigns and agrees to assign to the Corporation Company (or as otherwise directed by the CorporationCompany) the Executive's ’s full right, title and interest in and to all Intellectual Property. The Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including including, without limitation limitation, the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation Company to assign the Intellectual Property to the Corporation Company and to permit the Corporation Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. The Executive will not charge the Corporation Company for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, spent in complying with these obligations. All copyrightable works that the Executive creates shall be considered "work made for hire". "” and shall, upon creation, be owned exclusively by the Company. (ii) For purposes of this Agreement, “Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by the Executive (whether alone or with others, whether or not during normal business hours or on or off Corporation Company premises) during the Executive's ’s employment that arise out of the Executive’s services hereunder and relate to either the Products or any prospective activity of the Corporation under active consideration. Company or any of its Affiliates or that make use of Confidential Information or any of the equipment or facilities of the Company or any of its Affiliates; and “Products” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Corporation Company or any of its Affiliates, together with all services provided or planned by the CorporationCompany or any of its Affiliates, during the Executive's ’s employment.

Appears in 2 contracts

Samples: Employment Agreement (Live Nation Entertainment, Inc.), Employment Agreement (Live Nation Entertainment, Inc.)

Assignment of Rights to Intellectual Property. Executive shall promptly and fully disclose all Intellectual Property to the Corporation. Executive hereby assigns and agrees to assign to the Corporation (or as otherwise directed by the Corporation) Executive's ’s full right, title and interest in and to all Intellectual Property. Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation to assign the Intellectual Property to the Corporation and to permit the Corporation to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. Executive will not charge the Corporation for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, in complying with these obligations. All copyrightable works that Executive creates shall be considered "work made for hire". "Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by Executive (whether alone or with others, whether or not during normal business hours or on or off Corporation premises) during Executive's ’s employment that relate to either the Products or any prospective activity of the Corporation and its subsidiaries (including the Subsidiary) under active consideration. “Products” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Corporation or any of its Affiliatesaffiliates, together with all services provided or planned by the CorporationCorporation or any of its affiliates, during Executive's ’s employment.

Appears in 1 contract

Samples: Employment Agreement (YTB International, Inc.)

Assignment of Rights to Intellectual Property. (a) The Executive shall promptly and fully disclose all Intellectual Property to the CorporationCompany. The Executive hereby assigns and agrees to assign to the Corporation Company (or as otherwise directed by the CorporationCompany) the Executive's full right, title and interest in and to all Intellectual Property. The Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation Company to assign the Intellectual Property to the Corporation Company and to permit the Corporation Company to enforce any patents, . copyrights or other proprietary rights to the Intellectual Property. The Executive will not charge the Corporation Company for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, spent in complying with these obligations, but shall be reimbursed for all reasonable and documented out of pocket expenses incurred at the request of the Company. All copyrightable works that the Executive creates shall be considered "work made for hire". . (b) As used in this Agreement, "Intellectual PropertyINTELLECTUAL PROPERTY" means inventionsany invention, discoveriesformula, developmentsprocess, methodsdiscovery, processesdevelopment, compositionsdesign, works, concepts and ideas innovation or improvement (whether or not patentable or copyrightable or constituting trade secretsregistrable under copyright statutes) made, conceived, made, created, developed or first actually reduced to practice by the Executive (whether alone solely or jointly with others, whether or not during normal business hours or on or off Corporation premises) during Executive's employment by the Company, provided, however, notice is hereby provided that, in accordance with Illinois law (765 Ill. Comp. Stat. 1060/2), the term "Intellectual Property" shall not apply to any invention that relate to either the Products Executive develops entirely on Executive's own time and without using the equipment, supplies, facilities or any prospective activity trade secret information of the Corporation under active consideration. “Products” means all products plannedCompany, researched, developed, tested, manufactured, sold, licensed, leased unless (i) such invention relates to the business of the Company or otherwise distributed to the actual or put into use demonstrably anticipated research or development of the Company or (ii) the invention results from any work performed by the Corporation or any of its Affiliates, together with all services provided or planned by Executive for the Corporation, during Executive's employmentCompany.

Appears in 1 contract

Samples: Employment Agreement (Littelfuse Inc /De)

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Assignment of Rights to Intellectual Property. a. Executive shall promptly and fully disclose all Intellectual Property to the CorporationCompany. Executive hereby assigns and agrees to assign to the Corporation Company (or as otherwise directed by the CorporationCompany) Executive's ’s full right, title and interest in and to all Intellectual Property. Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) reasonably requested by the Corporation Company to assign the Intellectual Property to the Corporation Company and to permit the Corporation Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. Executive will not charge the Corporation Company for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, spent in complying with these obligations. All copyrightable works that Executive creates shall be considered "work made for hire". ".” b. For purposes of this Agreement, “Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by Executive (whether alone or with others, whether or not during normal business hours or on or off Corporation Company premises) during Executive's employment that relate ’s employment; provided, however, that, pursuant to either the Products or any prospective activity Section 49.44.140 of the Corporation under active consideration. “Products” means all products plannedRevised Code of Washington, researchedthe text of which is appended hereto as Exhibit A, developedthe Company shall have no rights to any invention for which no equipment, testedsupplies, manufacturedfacilities or trade secret information of the Company was used and which was developed entirely on Executive’s own time, sold, licensed, leased unless (a) the invention relates (i) directly to the business of the Company or otherwise distributed (ii) to the Company’s actual or put into use demonstrably anticipated research or development; or (b) the invention results from any work performed by Executive for the Corporation or any of its Affiliates, together with all services provided or planned by the Corporation, during Executive's employmentCompany.

Appears in 1 contract

Samples: Employment Agreement (Microvision, Inc.)

Assignment of Rights to Intellectual Property. a. Executive shall promptly and fully disclose all Intellectual Property to the CorporationCompany. Executive hereby assigns and agrees to assign to the Corporation Company (or as otherwise directed by the CorporationCompany) Executive's ’s full right, title and interest in and to all Intellectual Property. Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation Company to assign the Intellectual Property to the Corporation Company and to permit the Corporation Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. Executive will not charge the Corporation Company for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, spent in complying with these obligations. All copyrightable works that Executive creates shall be considered "work made for hire". ".” b. For purposes of this Agreement, “Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by Executive (whether alone or with others, whether or not during normal business hours or on or off Corporation Company premises) during Executive's employment ’s employment; provided, however, that relate the Company shall have no rights to either the Products any invention for which no equipment, supplies, facilities or any prospective activity trade secret information of the Corporation under active consideration. “Products” means all products plannedCompany was used and which was developed entirely on Executive’s own time, researched, developed, tested, manufactured, sold, licensed, leased unless (a) the invention relates (i) directly to the business of the Company or otherwise distributed (ii) to the Company’s actual or put into use demonstrably anticipated research or development; or (b) the invention results from any work performed by Executive for the Corporation or any of its Affiliates, together with all services provided or planned by the Corporation, during Executive's employmentCompany.

Appears in 1 contract

Samples: Employment Agreement (Microvision Inc)

Assignment of Rights to Intellectual Property. a. Executive shall promptly and fully disclose all Intellectual Property to the CorporationCompany. Executive hereby assigns and agrees to assign to the Corporation Company (or as otherwise directed by the CorporationCompany) Executive's full right, title and interest in and to all Intellectual Property. Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation Company to assign the Intellectual Property to the Corporation Company and to permit the Corporation Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. Executive will not charge the Corporation Company for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, spent in complying with these obligations. All copyrightable works that Executive creates shall be considered "work made for hire.". b. For purposes of this Agreement, "Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by Executive (whether alone or with others, whether or not during normal business hours or on or off Corporation Company premises) during Executive's employment employment; provided, however, that relate the Company shall have no rights to either the Products any invention for which no equipment, supplies, facilities or any prospective activity trade secret information of the Corporation under active consideration. “Products” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Corporation or any of its Affiliates, together with all services provided or planned by the Corporation, during Company was used and which was developed entirely on Executive's employmentown time, unless (a) the invention relates (i) directly to the business of the Company or (ii) to the Company's actual or demonstrably anticipated research or development; or (b) the invention results from any work performed by Executive for the Company.

Appears in 1 contract

Samples: Employment Agreement (Microvision Inc)

Assignment of Rights to Intellectual Property. (a) The Executive shall promptly and fully disclose all Intellectual Property to the CorporationCompany. The Executive hereby assigns and agrees to assign to the Corporation Company (or as otherwise directed by the CorporationCompany) the Executive's full right, title and interest in and to all Intellectual Property. The Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation Company to assign the Intellectual Property to the Corporation Company and to permit the Corporation Company to enforce any patents, . copyrights or other proprietary rights to the Intellectual Property. The Executive will not charge the Corporation Company for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, spent in complying with these obligations, but shall be reimbursed for all reasonable and documented out of pocket expenses incurred at the request of the Company. All copyrightable works that the Executive creates shall be considered "work made for hire". . (b) As used in this Agreement, "Intellectual Property" means inventionsany invention, discoveriesformula, developmentsprocess, methodsdiscovery, processesdevelopment, compositionsdesign, works, concepts and ideas innovation or improvement (whether or not patentable or copyrightable or constituting trade secretsregistrable under copyright statutes) made, conceived, made, created, developed or first actually reduced to practice by the Executive (whether alone solely or jointly with others, whether or not during normal business hours or on or off Corporation premises) during Executive's employment by the Company, provided, however, notice is hereby provided that, in accordance with Illinois law (765 Ill. Comp. Stat. 1060/2), the term "Intellectual Property" shall not apply to any invention that relate to either the Products Executive develops entirely on Executive's own time and without using the equipment, supplies, facilities or any prospective activity trade secret information of the Corporation under active consideration. “Products” means all products plannedCompany, researched, developed, tested, manufactured, sold, licensed, leased unless (i) such invention relates to the business of the Company or otherwise distributed to the actual or put into use demonstrably anticipated research or development of the Company or (ii) the invention results from any work performed by the Corporation or any of its Affiliates, together with all services provided or planned by Executive for the Corporation, during Executive's employmentCompany.

Appears in 1 contract

Samples: Employment Agreement (Littelfuse Inc /De)

Assignment of Rights to Intellectual Property. Executive shall promptly and fully disclose all Intellectual Property to the CorporationCompany. Executive hereby assigns and agrees to assign to the Corporation Company (or as otherwise directed by the CorporationCompany) Executive's full right, title and interest in and to all Intellectual Property. Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) reasonably requested by the Corporation Company to assign the Intellectual Property to the Corporation Company and to permit the Corporation Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. Executive will not charge the Corporation Company for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, spent in complying with these obligations. All copyrightable works that Executive creates shall be considered "work made for hire". ." For purposes of this Agreement, "Intellectual Property" means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by Executive (whether alone or with others, whether or not during normal business hours or on or off Corporation Company premises) during Executive's employment that relate employment; provided, however, that, pursuant to either the Products or any prospective activity Section 49.44.140 of the Corporation under active consideration. “Products” means all products plannedRevised Code of Washington, researchedthe text of which is appended hereto as Exhibit A, developedthe Company shall have no rights to any invention for which no equipment, testedsupplies, manufactured, sold, licensed, leased facilities or otherwise distributed or put into use by trade secret information of the Corporation or any of its Affiliates, together with all services provided or planned by the Corporation, during Company was used and which was developed entirely on Executive's employmentown time, unless (a) the invention relates (i) directly to the business of the Company or (ii) to the Company's actual or demonstrably anticipated research or development; or (b) the invention results from any work performed by Executive for the Company.

Appears in 1 contract

Samples: Employment Agreement (Microvision, Inc.)

Assignment of Rights to Intellectual Property. (a) The Executive shall promptly and fully disclose all Intellectual Property to the CorporationCompany. The Executive hereby assigns and agrees to assign to the Corporation Company (or as otherwise directed by the CorporationCompany) the Executive's full right, title and interest in and to all Intellectual Property. The Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Corporation Company to assign the Intellectual Property to the Corporation Company and to permit the Corporation Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. The Executive will not charge the Corporation Company for time spent, although the Corporation will reimburse Executive for any expenses Executive reasonably incurs, spent in complying with these obligations, but shall be reimbursed for all reasonable and documented out of pocket expenses incurred at the request of the Company. All copyrightable works that the Executive creates shall be considered "work made for hire". . (b) As used in this Agreement, "Intellectual Property" means inventionsany invention, discoveriesformula, developmentsprocess, methodsdiscovery, processesdevelopment, compositions--------------------- design, works, concepts and ideas innovation or improvement (whether or not patentable or copyrightable or constituting trade secretsregistrable under copyright statutes) made, conceived, made, created, developed or first actually reduced to practice by the Executive (whether alone solely or jointly with others, whether during his employment by the Company; provided, however, notice is hereby provided that, in accordance with Illinois law (765 Ill. Comp. Stat. 1060/2), the term "Intellectual Property" shall not apply to any invention that the Executive develops entirely on his own time and without using the equipment, supplies, facilities or not during normal business hours or on or off Corporation premises) during Executive's employment that relate to either the Products or any prospective activity trade secret information of the Corporation under active consideration. “Products” means all products plannedCompany, researched, developed, tested, manufactured, sold, licensed, leased unless (i) such invention relates to the business of the Company or otherwise distributed to the actual or put into use demonstrably anticipated research or development of the Company or (ii) the invention results from any work performed by the Corporation or any of its Affiliates, together with all services provided or planned by Executive for the Corporation, during Executive's employmentCompany.

Appears in 1 contract

Samples: Employment Agreement (Us Can Corp)

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