Common use of Company’s Property Clause in Contracts

Company’s Property. The Employee acknowledges that all items of any and every nature or kind created or used by the Employee pursuant to the Employee's employment under this Agreement, or furnished by IMI to the Employee, and all equipment, credit cards, books, records, reports, files, manuals, literature, confidential information or other materials shall remain and be considered the exclusive property of IMI at all times and shall be surrendered to IMI, in good condition, promptly on the termination of the Employee's employment irrespective of the time, manner or cause of termination. All personal effects used by the Employee in carrying out his duties will remain the property of the Employee and shall be removed by him on termination of his employment.