Common use of Confidential Information — Intellectual Property — Covenant Not To Compete Clause in Contracts

Confidential Information — Intellectual Property — Covenant Not To Compete. (a) Employee agrees that all Inventions and Works of Authorship developed by Employee in the course and scope of his employment are and shall be exclusively owned by Veritec and Employee hereby assigns to Veritec all right, title and interest, including but not limited to all intellectual property rights, in and to such Inventions and Works of Authorship. (b) Employee agrees not to remove any Confidential Information or Veritec Property from Veritec’s premises without the prior written approval of an executive officer of Veritec. Employee agrees that upon the request of Veritec, Employee shall immediately return all tangible forms of Confidential Information or Veritec Property that may from time to time be entrusted to Employee. (c) Employee hereby agrees not to disclose Veritec Confidential Information to any third party without Veritec’s prior express written consent. Employee agrees and shall hold in confidence any and all Confidential Information owned by Veritec. Employee agrees not to use Veritec’s Confidential Information for any purpose other than the performance of services to be performed for the exclusive benefit of Veritec under the terms and conditions of this Agreement. Employee will protect the Confidential Information disclosed by Veritec and shall insure that the provisions of this paragraph are made binding upon any third party employed, retained or contracted with by Employee, whom Employee’s disclosure is authorized by Veritec. A violation by Employee of this paragraph together with the threatened violation of this paragraph, shall be a material breach of this Agreement and will be a basis for Veritec to terminate this Agreement for cause. (d) Employee agrees that the confidentiality provisions of this Agreement shall remain in full force and effect and shall survive the expiration or termination hereof.

Confidential Information — Intellectual Property — Covenant Not To Compete. (a) Employee agrees that all Inventions and Works of Authorship developed by Employee in the course and scope of his employment are and shall be exclusively owned by Veritec and Employee hereby assigns to Veritec all right, title and interest, including but not limited to all intellectual property rights, in and to such Inventions and Works of Authorship. (b) Employee agrees not to remove any Confidential Information or Veritec Property from Veritec’s 's premises without the prior written approval of an executive officer of Veritec. Employee agrees that upon the request of Veritec, Employee shall immediately return all tangible forms of Confidential Information or Veritec Property that may from time to time be entrusted to Employee. (c) Employee hereby agrees not to disclose Veritec Confidential Information to any third party without Veritec’s 's prior express written consent. Employee agrees and shall hold in confidence any and all Confidential Information owned by Veritec. Employee agrees not to use Veritec’s 's Confidential Information for any purpose other than the performance of services to be performed for the exclusive benefit of Veritec under the terms and conditions of this Agreement. Employee will protect the Confidential Information disclosed by Veritec and shall insure that the provisions of this paragraph are made binding upon any third party employed, retained or contracted with by Employee, whom Employee’s 's disclosure is authorized by Veritec. A violation by Employee of this paragraph together with the threatened violation of this paragraph, shall be a material breach of this Agreement and will be a basis for Veritec to terminate this Agreement for cause. (d) Employee agrees that the confidentiality provisions of this Agreement shall remain in full force and effect and shall survive the expiration or termination hereof. In recognition that Veritec's Confidential Information and the services of Employee hereunder are special and unique assets of Veritec, Employee promises, covenants, warrants and agrees that for one (1) year following the expiration or termination of this Agreement, that Employee shall not directly or indirectly: (1) become employed or engaged in any form of Competitive Business with Veritec's business; (2) provide assistance to any third party for their direct or indirect conducting of a Competitive Business to the business of Veritec; or (3) solicit, induce or encourage any employee, independent contractor or consultant of or to Veri tee to terminate such person's employment or other relationship with Veritec. A violation or threatened violation by Employee of this paragraph shall be a material breach of this Agreement and will be a basis for Veritec to seek any and all remedies provided by law or at equity. Employee hereby affirms that the provisions of this paragraph shall not deprive Employee of a basis to earn a livelihood following the termination of his employment.

Confidential Information — Intellectual Property — Covenant Not To Compete. (a) Employee agrees that all Inventions and Works of Authorship developed by Employee in the course and scope of his employment are and shall be exclusively owned by Veritec and Employee hereby assigns to Veritec all right, title and interest, including but not limited to all intellectual property rights, in and to such Inventions and Works of Authorship. (b) Employee agrees not to remove any Confidential Information or Veritec Property from Veritec’s premises without the prior written approval of an executive officer of Veritec. Employee agrees that upon the request of Veritec, Employee shall immediately return all tangible forms of Confidential Information or Veritec Property that may from time to time be entrusted to Employee. (c) Employee hereby agrees not to disclose Veritec Confidential Information to any third party without Veritec’s 's prior express written consent. Employee agrees and shall hold in confidence any and all Confidential Information owned by Veritec. Employee agrees not to use Veritec’s 's Confidential Information for any purpose other than the performance of services to be performed for the exclusive benefit of Veritec under the terms and conditions of this Agreement. Employee will protect the Confidential Information disclosed by Veritec and shall insure that the provisions of this paragraph are made binding upon any third party employed, retained or contracted with by Employee, whom Employee’s 's disclosure is authorized by Veritec. A violation by Employee of this paragraph together with the threatened violation of this paragraph, shall be a material breach of this Agreement and will be a basis for Veritec to terminate this Agreement for cause. (d) Employee agrees that the confidentiality provisions of this Agreement shall remain in full force and effect and shall survive the expiration or termination hereof. In recognition that Veritec's Confidential Information and the services of Employee hereunder are special and unique assets of Veritec, Employee promises, covenants, warrants and agrees that for one (1) year following the expiration or termination of this Agreement, that Employee shall not directly or indirectly; (1) become employed or engaged in any form of Competitive Business with Veritec's business; (2) provide assistance to any third party tor their direct or indirect conducting of a Competitive Business to the business of Veritec; or (3) solicit, induce or encourage any employee, independent contractor or consultant of or to Veritec to terminate such person's employment or other relationship with Veritec. A violation or threatened violation by Employee of this paragraph shall be a material breach of this Agreement and will be a basis for Veritec to seek any and all remedies provided by law or at equity.

Confidential Information — Intellectual Property — Covenant Not To Compete. (a) Employee agrees that all Inventions and Works of Authorship developed by Employee in the course and scope of his employment are and shall be exclusively owned by Veritec and Employee hereby assigns to Veritec all right, title and interest, including but not limited to all intellectual property rights, in and to such Inventions and Works of Authorship. (b) Employee agrees not to remove any Confidential Information or Veritec Property from Veritec’s premises without the prior written approval of an executive officer of Veritec. Employee agrees that upon the request of Veritec, Employee shall immediately return all tangible forms of Confidential Information or Veritec Property that may from time to time be entrusted to Employee. (c) Employee hereby agrees not to disclose Veritec Confidential Information to any third party without Veritec’s prior express written consent. Employee agrees and shall hold in confidence any and all Confidential Information owned by Veritec. Employee agrees not to use Veritec’s Confidential Information for any purpose other than the performance of services to be performed for the exclusive benefit of Veritec under the terms and conditions of this Agreement. Employee will protect the Confidential Information disclosed by Veritec and shall insure that the provisions of this paragraph are made binding upon any third party employed, retained or contracted with by Employee, whom Employee’s disclosure is authorized by Veritec. A violation by Employee of this paragraph together with the threatened violation of this paragraph, shall be a material breach of this Agreement and will be a basis for Veritec to terminate this Agreement for cause. (d) Employee agrees that the confidentiality provisions of this Agreement shall remain in full force and effect and shall survive the expiration or termination hereof. In recognition that Veritec’s Confidential Information and the services of Employee hereunder are special and unique assets of Veritec, Employee promises, covenants, warrants and agrees that for one (1) year following the expiration or termination of this Agreement, that Employee shall not directly or indirectly: (1) become employed or engaged in any form of Competitive Business with Veritec’s business; (2) provide assistance to any third party for their direct or indirect conducting of a Competitive Business to the business of Veritec; or (3) solicit, induce or encourage any employee, independent contractor or consultant of or to Veritec to terminate such person’s employment or other relationship with Veritec. A violation or threatened violation by Employee of this paragraph shall be a material breach of this Agreement and will be a basis for Veritec to seek any and all remedies provided by law or at equity.