Common use of Bank’s Ownership Clause in Contracts

Bank’s Ownership. Executive agrees that all inventions, discoveries, improvements, trade secrets, formulas, techniques, processes, and know-how, whether or not patentable, and whether or not reduced to practice, that are conceived or developed during Executive's employment with the Bank, either alone or jointly with others, or relating to the Bank or to the banking industry ("Bank's Work"), and any written record that Executive may maintain of Bank's Work, shall be owned exclusively by the Bank. Executive hereby assigns to Bank, all of Executive's right, title, and interest, if any, in such intellectual property defined as Bank's Work. Executive shall furnish to Bank any and all such records pertaining to Bank's Work, immediately upon request. Notwithstanding anything in this Section 6.1 to the contrary, any inventions, discoveries, improvements, trade secrets, formulas, techniques, processes and know-how conceived or developed by Executive solely while providing Volunteer Services (as defined in Section 2.5, above) shall not be considered Bank’s Work.

Bank’s Ownership. Executive agrees that all inventions, discoveries, improvements, trade secrets, formulas, techniques, processes, and know-how, whether or not patentable, and whether or not reduced to practice, that are conceived or developed during Executive's ’s employment with the Bank, either alone or jointly with others, or relating to the Bank or to the banking industry ("“Bank's ’s Work"”), and any written record that Executive may maintain of Bank's ’s Work, shall be owned exclusively by the Bank. Executive hereby assigns to Bank, all of Executive's ’s right, title, and interest, if any, in such intellectual property defined as Bank's ’s Work. Executive shall furnish to Bank any and all such records pertaining to Bank's ’s Work, immediately upon request. Notwithstanding anything in this Section 6.1 to the contrary, any inventions, discoveries, improvements, trade secrets, formulas, techniques, processes and know-how conceived or developed by Executive solely while providing Volunteer Services (as defined in Section 2.5, 2.5 above) shall not be considered Bank’s Bank Work.

Bank’s Ownership. Executive agrees that all inventions, discoveries, improvements, trade secrets, formulas, techniques, processes, and know-how, whether or not patentable, and whether or not reduced to practice, that are conceived or developed during Executive's ’s employment with the Bank, either alone or jointly with others, or relating to the Bank or to the banking industry ("“Bank's ’s Work"”), and any written record that Executive may maintain of Bank's ’s Work, shall be owned exclusively by the Bank. Executive hereby assigns to Bank, all of Executive's ’s right, title, and interest, if any, in such intellectual property defined as Bank's ’s Work. Executive shall furnish to Bank any and all such records pertaining to Bank's ’s Work, immediately upon request. Notwithstanding anything in this Section 6.1 to the contrary, any inventions, discoveries, improvements, trade secrets, formulas, techniques, processes and know-how conceived or developed by Executive solely while providing Volunteer Services (as defined in Section 2.5, above) shall not be considered Bank’s Bank Work.. Initials: Initials: